7001 & 7011 Hibiscus Avenue S, South Pasadena, FL 33707
Local realty services provided by:ERA ONETEAM REALTY
Listed by: jeff copeland
Office: copeland morgan llc.
MLS#:TB8494635
Source:MFRMLS
Price summary
- Price:$995,000
About this home
A developer’s dream: Over a half-acre of land, corner lot, with RM-10 zoning in the heart of highly sought-after South Pasadena, just minutes from St Pete Beach! This .6 acre (MOL) parcel has been conceptually approved by the City for the development of five townhomes, which we believe is the highest and best use.
UP TO 50% SELLER FINANCING MAY BE AVAILABLE - TERMS NEGOTIABLE.
The parcel consists of two platted lots, currently under common ownership:
7001 Hibiscus Ave S (Lot 18)– This parcel is .3 acres (allowing up to three dwelling units). It currently has a 1960’s-era block 1,344 sq ft single family home and a 1990’s-era wood frame, three story 6,600 sq ft “duplex” with extensive wood balconies and decking in need of repairs or demolition. Both structures are flood damaged (from 2024 hurricanes)
7011 Hibiscus Ave S (Lot 17) – This parcel is .296 acres (allowing up to two dwelling units). It currently has a flood damaged 1950s-era wood frame single family home in need of demolition.
This configuration allows for maximum flexibility in terms of redevelopment:
Option 1: Keep the parcels separate, and build up to three units on lot 18, and up to two units (or a large SFH with ADU) on lot 17.
Option 2: Combine the parcels and build 5 townhomes facing Bignonia.
Option 3: Lobby the City Commission and request a variance for a 6th unit (lot 17 is about 200 sq ft short of .3 acres), and build up to 6 units in total.
Recent surveys and email correspondence with the City is included in the MLS attachments....
Contact an agent
Home facts
- Listing ID #:TB8494635
- Added:46 day(s) ago
- Updated:May 23, 2026 at 02:09 PM
Structure and exterior
- Lot area:0.59 Acres
- Lot Features:Buildable, Corner Lot, Flood Plain/Bottom Land, Oversized, Paved
- Levels:1 Story
Utilities
- Water:Public, Water - Multiple Meters, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$995,000
- Tax amount:$8,793 (2025)
Features and amenities
- Amenities:BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available
- Pool features:Public Pool
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