Under contract-accepting backup offers. PRICE IMPROVEMENT! Prime opportunity for builders and investors in the desirable Pinellas Groves neighborhood. This 1.47-acre parcel offers flexibility and potential, zoned R-7.5 for single-family or multi-family development. With ample space and favorable zoning, it's an ideal canvas for a custom home build, income-producing units, or a small residential development. The property includes a small retention pond to help manage runoff, and best of all—it's not located in a flood zone, offering added peace of mind when planning your build. Situated just minutes from the 258-acre Lake Seminole Park, downtown St. Petersburg, and the Gulf beaches, this location is hard to beat for both convenience and lifestyle appeal. Nearby shopping, dining, and top-rated Southern Oak Elementary School make this a highly attractive area for future homeowners or tenants alike. Whether you’re looking to build, invest, or develop, this property offers endless possibilities in a high-demand area. Drive by today and imagine what you could create here!