531 16th Street S, Saint Petersburg, FL 33705
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: zach steinberger, chase reilly
Office: compass florida llc.
MLS#:TB8451901
Source:MFRMLS
Price summary
- Price:$849,900
- Price per sq. ft.:$230.83
About this home
Welcome to 531 16th St S—an exceptionally rare .38-acre parcel in the heart of St. Petersburg offering outstanding flexibility, scale, and future upside. Set on one of the largest lots in the area, this property features a 3,300 SqFt residence with 6 bedrooms, 3.5 bathrooms, an attached in-law suite, and a massive backyard with room to expand, add amenities, or redevelop. Zoned CRT-1, this site allows for increased density, making it ideal for townhomes, mixed-use development, commercial use, or a continued residential setup with rental and multi-generational options. The existing in-law suite provides immediate income potential or extended family accommodations. The location is unmatched—mere steps from Tropicana Field, placing you at the center of one of the most significant and transformational redevelopment plans in the city’s history. With billions of dollars projected to flow into the surrounding district, this property sits in a prime position to benefit from explosive appreciation and long-term value growth. Whether you’re a developer looking for a strategically positioned CRT-1 site, an investor seeking a large-scale lot with versatile use cases, or a homeowner wanting unparalleled space near downtown, this property delivers exceptional opportunity. A massive lot, a large and flexible home, unmatched location, and major future upside—all in one package. Don’t miss this one.
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Home facts
- Year built:1945
- Listing ID #:TB8451901
- Added:45 day(s) ago
- Updated:January 11, 2026 at 02:04 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Living area:3,306 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1945
- Building area:3,306 sq. ft.
- Lot area:0.38 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$849,900
- Price per sq. ft.:$230.83
- Tax amount:$3,665 (2024)
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