Melrose Sub 1st Add Homes with No Deed Restriction Community Extras

Welcome to Melrose Sub 1st Add, a hidden gem nestled in the vibrant city of St. Petersburg, Florida. This charming subdivision offers an inviting atmosphere, making it an ideal place for families, retirees, and anyone seeking a warm community feel.

One of the standout features of Melrose Sub 1st Add is its unique appeal of homes with no deed restrictions. This means homeowners enjoy greater freedom to personalize their properties without the constraints often found in more regulated neighborhoods. Whether you envision a lush garden, a cozy outdoor retreat, or even a small business venture, the possibilities are endless here!

The homes in Melrose Sub 1st Add boast a variety of architectural styles, from quaint bungalows to more contemporary designs, ensuring that there’s something for everyone. Many properties feature spacious yards and mature landscaping, providing a perfect backdrop for outdoor gatherings or peaceful evenings under the stars.

Living in St. Petersburg means you're just a short drive away from stunning Gulf Coast beaches, vibrant arts districts, and a plethora of dining and shopping options. The community is also conveniently located near major highways, making commuting a breeze.

In addition to its prime location and flexibility, Melrose Sub 1st Add fosters a strong sense of community. Neighbors often come together for local events and gatherings, creating lasting friendships and a welcoming environment.

If you’re looking for a place where you can truly make your home your own, Melrose Sub 1st Add is the perfect choice. Come and explore the endless opportunities waiting for you in this delightful St. Petersburg community!

Newest Melrose Sub 1st Add Homes with No Deed Restriction Community Extras

$280,000

4 Beds ⋅ 3 Baths ⋅ Melrose Sub 1st Add SubDv. ⋅ 33713 Zip Code

"AS_IS" CASH ONLY SALE - Seller will not allow utilities to be turned, and all due diligence and inspections must be performed at the buyer's expense prior to submitting an offer. use AS-IS contract, cash only. Are you a builder, developer, or investor looking for your next high-yield project in North Kenwood? North Kenwood has rapidly cemented itself as one of St. Petersburg’s premier locations for smart growth and long-term appreciation. Positioned at the crossroads of convenience and character, this neighborhood offers unparalleled access to the vibrant energy of Downtown, the artsy Grand Central District, and top-tier beaches, all while maintaining the high-ground, quiet residential feel that savvy investors covet. It is no surprise that North Kenwood is consistently voted among the city's best places to live for professionals and families; it delivers unbeatable connectivity via I-275, proximity to world-class dining, and a community spirit that is driving significant home value increases across the area. This property is your clean-slate opportunity to capitalize on that momentum. Featuring a deep 45’ x 127’ lot—completely free from the encumbrances of grand oak trees—this parcel is perfectly primed for a luxury new build. Unlike neighboring historic districts, this property offers total creative freedom with NO HOA, NO deed restrictions, and zoning that permits the construction of an ADU, maximizing your ROI potential. With new construction projects in the immediate vicinity consistently supporting sales prices in the $1.2M–$1.5M range, this is a strategic acquisition for a high-end residential developer. The existing structure a 3/2 SF home with a detached 1/1 ADU is being sold "As-Is" and is a cash-only transaction; due to the state of the property access will not be provided. Don’t miss your chance to secure one of the best remaining development opportunities in one of St. Pete’s most sought-after growth corridors. Bring your vision and your builder—this is the project you have been waiting for if you understand what is happening in the next phase of St. Petersburg development.

927 Yale Street N, St Petersburg

$1,482,000

5 Beds ⋅ 5 Baths ⋅ Melrose Sub 1st Add SubDv. ⋅ 33713 Zip Code

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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