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Magnolia Heights Multifamily Home for Sale

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    $1,299,000

    • 4 Baths
    • 2,740 Sq Ft

    3617 12th St N, St. Petersburg, FL 33704

    Prime Development Opportunity Located in the heart of the highly sought-after Magnolia Heights neighborhood, this oversized lot is zoned and ready for development, offering a rare and valuable opportunity for developers and investors. The property currently features 9 studio-style homes and multiple storage sheds, providing immediate rental income while you finalize your vision.This

    Agent Photo

    Betty Rohe

    LUXURY & BEACH REALTY INC

    (888) 478-5107

    3617 12th St N, St. Petersburg, FL 33704

Why Live in Magnolia Heights

Magnolia Heights in St. Petersburg is a vibrant neighborhood known for its colorful historic homes and strong sense of community. The area features a mix of coastal contemporary bungalows, two-story homes, ranch-style houses, and modern builds, with many properties dating back to the 1920s and 1930s. Residents enjoy a walkable and bikeable environment with easy access to parks, restaurants, and grocery stores. Allendale Park and Kiwanis Park are both less than a mile away, offering picnic spaces, playgrounds, and sports facilities. Crescent Lake Park, just under 2 miles south, provides 52 acres of green space, trails, and a dog park. Coffee Pot Bayou and St. Pete’s Pier are also nearby, offering waterfront parks and recreational activities. Dining options include The Blend for coffee and cocktails, Slam Garden Thai for authentic Thai cuisine, and Casual Clam Seafood Bar & Grill for seafood favorites. Golden Isles Brewing Company is a popular spot for craft beers and live music. Shopping is convenient with Rollin Oats Market, Winn-Dixie, Trader Joe’s, and Publix all within a short distance. Magnolia Heights is safer than the national average and does not require flood insurance due to its elevation. The neighborhood is served by Pinellas County Schools, with St. Petersburg High School earning high ratings. The Magnolia Heights Neighborhood Association organizes various community events, fostering a tight-knit atmosphere. Convenient transportation options include Interstate 275 and Highway 93, with downtown St. Petersburg just 4 miles away and St. Pete-Clearwater International Airport 10 miles away.

Home Trends in Magnolia Heights, FL

Housing Trends

Median Sale Price
$398,500
Median Single Family Sale Price
$400,000
Average Price Per Sq Ft
$382
Number of Homes for Sale
9
Last 12 months Home Sales
38
Months of Supply
2.80
Median List Price
$400,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-25%
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