421 15th Avenue S, Saint Petersburg, FL 33701
Local realty services provided by:Gulf Shores Realty ERA Powered
Listed by: zach steinberger
Office: compass florida llc.
MLS#:TB8515545
Source:MFRMLS
Price summary
- Price:$1,100,000
About this home
Positioned in one of St. Petersburg’s most compelling growth corridors, 421 15th Ave S presents a rare multifamily development opportunity in the direct path of progress—strategically located between the thriving Innovation District and the rapidly transforming Old Southeast, with the transformative Tropicana redevelopment continuing to fuel momentum throughout the surrounding area. This is the type of boutique urban infill opportunity developers and multifamily investors actively seek: a thoughtfully designed project with a clearly defined entitlement pathway in one of Tampa Bay’s fastest-evolving submarkets. The property is being offered as site plan approved and includes the land, architectural plans, renderings, and survey documentation for a proposed 11-unit courtyard-style apartment community. While future entitlements, permitting, and final approvals are not guaranteed and remain subject to buyer diligence and municipal approval processes, the project has already achieved meaningful progress through the development process, substantially reducing early-stage planning hurdles for the next owner. For qualified buyers seeking to further accelerate the timeline to construction, the seller may deliver the project fully entitled, permit-ready, and shovel-ready for an additional fee, creating a rare opportunity to acquire a boutique multifamily development with significant pre-development work already completed. The proposed unit mix has been intentionally designed to meet growing demand for efficient, design-forward urban housing, featuring 4 studio units (~317 SF average), 4 one-bedroom units (~404 SF average), and 3 two-bedroom units (~714 SF average). The concept targets strong demand from young professionals, workforce housing tenants, medical district employees, and renters seeking proximity to Downtown St. Petersburg, the waterfront, and major employment centers. Architecturally, the project embraces a modern Spanish ranch aesthetic blending timeless character with contemporary livability—highlighted by stucco exterior finishes, metal roof elements, private balconies, abundant natural light, and a thoughtfully designed landscaped courtyard intended to foster community interaction and enhance tenant experience. The overall design prioritizes efficient layouts, shared outdoor spaces, and strong curb appeal, creating a highly attractive boutique multifamily product for this rapidly appreciating corridor. As developable land opportunities continue to diminish throughout St. Petersburg and entitlement timelines become increasingly challenging, projects with meaningful progress already achieved are becoming exceptionally scarce. Pricing reflects the project’s current approval status, while offering substantial upside potential tied to future entitlement progression, permitting milestones, and continued neighborhood growth driven by significant public and private investment nearby. Whether envisioned as a long-term hold for stabilized cash flow, a boutique multifamily showcase asset, or a strategic build-to-sell opportunity, 421 15th Ave S represents a compelling acquisition opportunity in one of the city’s highest-upside redevelopment corridors....
Contact an agent
Home facts
- Subdivision & Development:CROXTON SUB
- Listing ID #:TB8515545
- Added:160 day(s) ago
- Updated:November 12, 2026 at 02:05 PM
Structure and exterior
- Lot area:0.23 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,100,000
- Tax amount:$5,179 (2025)
Features and amenities
- Amenities:Cable Connected, Electricity Available
The information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. Gulf Shores Realty ERA Powered is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Gulf Shores Realty ERA Powered, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Properties in listings may have been sold or may no longer be available.
Copyright 2026 Stellar Mls. All rights reserved.New listings near 421 15th Avenue S
- Coming Soon
$2,700,000Coming Soon3 beds 2 baths3,232 sq. ft.8188 Causeway Boulevard S, ST PETERSBURG, FL 33707
MLS# L4966436Listed by: CHARLES RUTENBERG REALTY FTL - Coming SoonOpen Sun, 11am to 1pm
$339,000Coming Soon2 beds 2 baths1,082 sq. ft.1742 Mississippi Avenue Ne, ST PETERSBURG, FL 33703
MLS# TB8564266Listed by: COMPASS FLORIDA LLC - Coming SoonOpen Sun, 12 to 2pm
$449,000Coming Soon3 beds 2 baths1,210 sq. ft.2940 47th Avenue S, ST PETERSBURG, FL 33712
MLS# TB8566723Listed by: COMPASS FLORIDA LLC - Coming Soon
$274,900Coming Soon2 beds 1 baths792 sq. ft.6810 10th Street N, ST PETERSBURG, FL 33702
MLS# A4712636Listed by: THE KEYES COMPANY - SARASOTA - Coming Soon
$1,475,000Coming Soon3 beds 3 baths3,500 sq. ft.1538 Delaware Avenue Ne, ST PETERSBURG, FL 33703
MLS# TB8558940Listed by: CHARLES RUTENBERG REALTY INC - Coming Soon
$4,375,000Coming Soon5 beds 5 baths3,855 sq. ft.7875 9th Avenue S, ST PETERSBURG, FL 33707
MLS# TB8565351Listed by: NEXTHOME LUXE COASTAL - Coming Soon
$539,000Coming Soon3 beds 2 baths1,841 sq. ft.2838 65th Way N, ST PETERSBURG, FL 33710
MLS# TB8565185Listed by: ELITE BROKERS, LLC - Coming SoonOpen Sat, 11am to 1pm
$310,000Coming Soon3 beds 2 baths1,138 sq. ft.650 15th Avenue S, ST PETERSBURG, FL 33701
MLS# TB8565381Listed by: COMPASS FLORIDA LLC - Coming Soon
$649,000Coming Soon3 beds 3 baths2,296 sq. ft.7326 Dartmouth Avenue N, ST PETERSBURG, FL 33710
MLS# TB8565662Listed by: TODD CRAIG REALTY - Coming Soon
$629,000Coming Soon6 beds 6 baths1,822 sq. ft.4191 Walnut Street Ne, ST PETERSBURG, FL 33703
MLS# TB8565305Listed by: MARK SPAIN REAL ESTATE
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.