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1580 Arizona Ave NE, St. Petersburg, FL 33703 presents a rare redevelopment opportunity in the heart of Shore Acres, one of the most desirable coastal neighborhoods in St. Petersburg, Florida. This oversized lot spans approximately 0. 2645 acres (11, 525 square feet) and is located on a uniquely private, ultra-quiet block shared by only three residences. Just moments from the iconic Snell Isle Bridge and a short drive from vibrant Downtown St. Petersburg, this property is ideally positioned for long-term value and custom home development. The existing flood-damaged, legacy wood-frame home offers a blank slate for builders, developers, or end users seeking to create a custom residence in a high-demand neighborhood. With active redevelopment occurring throughout the area, this parcel provides a prime opportunity to capitalize on the continued growth of the St. Petersburg real estate market. Shore Acres is a scenic waterfront community known for its tranquil canals, lush landscaping, and active neighborhood lifestyle. Residents enjoy access to the newly renovated Shore Acres Recreation Center, local parks, and nearby boat launches that highlight the area’s strong connection to Tampa Bay’s coastal environment. The neighborhood’s peaceful atmosphere and proximity to top schools make it especially appealing for families and professionals alike. Immediately to the west, Snell Isle offers a more elevated luxury experience. Home to the prestigious Vinoy Golf Club, stately waterfront homes, and manicured streets, Snell Isle is one of the most sought-after residential enclaves in the city. This enviable location places you just minutes from the restaurants, museums, art galleries, and cultural attractions of Downtown St. Pete, including the St. Pete Pier and the Salvador Dalí Museum. Recognized as one of the fastest-growing cities in Florida, St. Petersburg blends a laid-back Gulf Coast lifestyle with the sophistication of a vibrant arts and innovation scene. Known for its sunny weather, walkable downtown, award-winning beaches, and thriving culinary and entertainment options, St. Pete continues to attract national attention as a top destination for both residents and investors. Key highlights of 1580 Arizona Ave NE include its generous lot size, its exclusive position on a quiet 3-home block, and its redevelopment-ready status. The site is located just steps from Snell Isle, within close proximity to waterfront trails, neighborhood schools, and community amenities. Whether you're looking to build a luxury custom home or develop a high-value investment property, this lot offers exceptional potential in a prime Florida location. Land opportunities of this size and quality in Shore Acres are exceedingly rare. With surrounding properties undergoing high-end renovations and new construction, this site is perfectly positioned for redevelopment. Walkable, bikeable, and connected to everything that makes St. Petersburg one of the most dynamic cities in the Southeast, 1580 Arizona Ave NE is a smart acquisition in a competitive market. To learn more about this redevelopment lot in St. Petersburg, FL, or to schedule a private site visit, contact us today. This is your opportunity to shape the future of luxury coastal living in Shore Acres—one of the most coveted neighborhoods in Pinellas County.
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NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.144% | 5.415% |
| Monthly Tax Payment | $123 | $123 | $123 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,497 | $1,557 | $2,073 |
| Total Monthly Payment | $1,695 | $1,755 | $2,271 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.