Melrose Sub 1st Add Real Estate

Melrose Sub 1st Add Real Estate

Welcome to Melrose Sub 1st Add, a hidden gem nestled in the vibrant city of St. Petersburg, Florida. This charming subdivision is renowned for its picturesque streets, friendly community atmosphere, and proximity to some of the best attractions that the Sunshine State has to offer.

Melrose Sub 1st Add boasts an array of beautifully maintained homes, each reflecting the unique character and warmth of the neighborhood. With lush greenery and mature trees lining the streets, residents enjoy a serene and inviting environment perfect for evening strolls or weekend bike rides. The community is ideal for families, retirees, and anyone seeking a peaceful retreat from the bustling city life.

One of the standout features of Melrose Sub 1st Add is its strategic location. Just a short drive away, you’ll find the stunning Gulf Coast beaches, offering sun-soaked days and spectacular sunsets. For those who appreciate a vibrant cultural scene, downtown St. Petersburg is a treasure trove of art galleries, restaurants, and entertainment options. The famous Salvador Dalí Museum and the lively waterfront parks are just minutes away, making it easy to enjoy the best of both worlds.

Additionally, the subdivision is conveniently located near major highways, providing easy access to nearby cities and attractions. With a strong sense of community and a prime location, Melrose Sub 1st Add is more than just a place to live; it’s a lifestyle. Come explore this delightful neighborhood and discover why so many have chosen to call it home!

Newest Listings in Melrose Sub 1st Add

$325,000
Melrose Sub 1st Add SubDv.
***Survey available upon request *** An exceptional opportunity awaits in desirable North Kenwood! This prime 45' x 127' parcel has been fully cleared, remediated of all prior structures and debris, and offers a clean canvas with no tree mitigation concerns to delay your project. For buyers concerned with Florida's weather, the property is situated high and dry in a non-flood, non-evacuation zone. Demolition permits are officially closed out, and because the lot previously held a residential structure, the home site retains established connections for sewer, natural gas, and electric. These existing utilities and associated impact fee credits deliver substantial upfront cost savings directly to the buyer. Positioned in a high-demand, rapidly appreciating neighborhood where recent new builds range from $1.1M to $1.4M, this shovel-ready lot is an ideal match for a spec builder or a homebuyer eager to construct a custom home. The sale includes seller-approved architectural plans for a spacious two-story layout featuring five bedrooms, three bathrooms, and an oversized rear-entry two-car garage serviced by convenient rear alley access. Customization options remain fully open. The new owner can work directly with the architect for a fee to modify the existing plans to perfectly suit their lifestyle, whether that means designing a private backyard pool oasis or incorporating an Accessory Dwelling Unit (ADU) above the garage for guest quarters or rental income. The property is sold as-is, where-is. Bring your builder or seller has custom home builder who can design and deliver a high-end home in the booming market of North Kenwood, and turn this high-and-dry lot into your next project or ultimate dream home.

927 Yale Street N, St Petersburg
$1,482,000
5 Beds ⋅ 5 Baths ⋅ Melrose Sub 1st Add SubDv.
THE HISTORIC NORTH KENWOOD COMPOUND. Start your compound in the heart of St. Petersburg. Some properties are simply investments. Others become a lifestyle, a legacy, and a place for generations to gather. Set on an oversized 11,430-square-foot double lot in Historic North Kenwood, this rare four-unit property offers flexibility that is becoming increasingly difficult to find. Live in one unit and generate income from the others. Create a multigenerational compound. Build an urban homestead. Or simply enjoy owning a piece of St. Petersburg history with room to grow. The centerpiece of the property is a beautifully restored residence featuring soaring 12-foot ceilings, original hardwood floors, restored crown molding, updated kitchen and bath, new windows, and new HVAC. Historic character and modern comfort come together in a way that cannot be replicated today. The property currently offers four separate living spaces, creating opportunities for owner-occupants, investors, extended families, creatives, remote workers, and entrepreneurs seeking flexibility under one roof. Recent improvements include: New roof serving all units, Updated electrical systems, Renovated kitchens and baths, New HVAC systems, New windows, Fresh interior and exterior paint, Restored historic architectural details. But what truly sets this property apart is the land. The oversized double lot creates possibilities rarely found this close to downtown St. Petersburg. Imagine harvesting fruit from your own trees, cultivating raised garden beds, creating an urban farm, gathering fresh eggs, building a greenhouse, designing a private courtyard, adding outdoor entertainment areas, installing a putting green, creating play spaces, or simply enjoying room to breathe in the middle of the city. Few properties allow you to combine income-producing real estate, historic architecture, and a modern homestead lifestyle in one location. Located just minutes from downtown St. Petersburg, the Grand Central District, Booker Creek Park, restaurants, breweries, coffee shops, and waterfront attractions, this property delivers both convenience and opportunity. Whether your vision is a family compound, urban farm, income-producing residence, house-hack, multigenerational estate, or long-term wealth-building asset, this property provides a foundation that is increasingly difficult to acquire. They aren't making more historic double lots. Bring your vision. Create the lifestyle. Build your compound. OWNER-OCCUPANT OPPORTUNITY Qualified buyers may be eligible for owner-occupied multifamily financing programs designed for two- to four-unit properties. Certain renovation loan programs may allow buyers to finance both acquisition and eligible improvements through a single mortgage, creating the opportunity to customize, modernize, and add value while living on-site. Current conforming loan limits for owner-occupied four-unit properties exceed $1.6 million, subject to lender requirements, appraisal, underwriting approval, and program guidelines. Buyers should independently verify financing options, renovation eligibility, loan limits, zoning, permitting, and any intended future use of the property.

940 25th Street N, St Petersburg
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