LOT SIZE 0.590 acres
MLS#TB8494635
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONPASADENA ON THE GULF
Property Description
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.
Property Features
Property Type: Land - Residential
Lot Size: 0.59 Acres
Taxes: $8,792
Feature Descriptions
Days on Site: 2
Directions: From 66th St (Pasadena Ave S), West on Hibiscus to address.
Flood Zone Code: AE
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Owner Financing
Lot: Buildable, Corner Lot, Flood Plain/Bottom Land, City Limits, Oversized Lot, Paved
Lot Dimensions: 0.59
Other Structures: Other
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Go Direct, See Remarks
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Sewer Connected, Water - Multiple Meters, Water Connected
Vegetation: Mature Landscaping, Wooded
Water: Public
Water Access Y/N: No
Zoning: RM-10
Listed By / Shown By
Listed By
Agency Name: COPELAND MORGAN LLC
Agency Contact: 727-235-7988
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 3,237.31 per month $2,214.44 Principal & Interest $732.67 Property Tax $290.21 Homeowner's InsuranceChange Payment Information
7001 & 7011 Hibiscus Avenue S | MLS# TB8494635
This land located at 7001 & 7011 Hibiscus Avenue S, South Pasadena, FL 33707 is currently listed for sale with an asking price of $995,000. The property has approximately 0.59 Acres. Search South Pasadena real estate on www.realtymark.net today.