Priced at land value, this property presents a rare opportunity to secure a premier Old Northeast parcel at an attractive entry point. Buyers may choose to move in and enjoy the existing residence, acquire and hold as a rental property with current three-unit configuration, or pursue new construction and redevelopment opportunities. This is a prime oversized lot on one of the most desirable streets in Historic Old Northeast, offering a compelling opportunity for investors or buyers seeking to build a new luxury home in one of St. Petersburg’s most established and architecturally respected neighborhoods. This 65x128 parcel is already zoned for multifamily use and supports a range of development strategies, including a substantial custom single-family residence or multifamily construction. The lot size provides flexibility for a large two-story home while still allowing room for a generous outdoor area, including a pool and additional structures. Rear alley access adds convenience and versatility, creating opportunities for a detached garage and thoughtfully designed living space above. The property currently offers alley parking and a recently constructed carport. Ideally located just minutes from Sunken Gardens and Vinoy Park, this homesite combines location, zoning flexibility, and long-term value in one of the city’s most sought-after neighborhoods.