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Pending
    • Price cut: $101K (6/3)
    $2,649,000

    7240 DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL 33705

    5beds
    4,456sqft
    : 
    $18,324/mo
    Get pre-qualified
    Single Family Residence
    Built in 1925
    0.58 Acres Lot
    $-- Zestimate®
    $594/sqft
    $-- HOA

    What's special

    There are homes… and then there are landmarks. And here, in the timeless beauty of St. Petersburg’s treasured Pinellas Point, stands one of the most captivating waterfront estates on Tampa Bay. Built in 1925, this grand Spanish-Style estate is one of the originals - an enduring piece of our city’s history that has been thoughtfully preserved and masterfully updated for today’s modern coastal lifestyle. Inside, more than 4,400 square feet of refined living space unfolds with grace and purpose. Five bedrooms, six full baths, a formal library, and a stately wood-burning fireplace create an atmosphere of warmth, elegance, and architectural authenticity. The home has been beautifully refreshed with new flooring, interior paint, updated windows and doors, and efficient ductless HVAC systems throughout. Modern convenience meets timeless craftsmanship. Step outside and the world opens up - lush tropical gardens, a sparkling swimming pool, and unbelievable, unobstructed views of Tampa Bay and the iconic Sunshine Skyway Bridge. A custom dock and deck with boat cradle lift extend gracefully into the bay, inviting sunset cruises and early-morning adventures. The property spans over half an acre of gated privacy with custom fencing, an electronic entry gate, an irrigation system on reclaimed water, and a detached three-car garage. This is more than a home - it is a legacy. A rare waterfront estate where history, architecture, and natural beauty converge to tell one magnificent story… and where the next chapter begins.
    293 days
    625
    47

    Zillow last checked:

    Listing updated:

    Listed by:

    Kent Rodahaver 727-301-7300,

    NEXTHOME SOUTH POINTE 833-777-6398

    Source: Stellar MLS,MLS#: TB8446538MLS LogoOriginating MLS: Suncoast Tampa

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 6
      Rooms
      • Room types: Breakfast Room Separate, Den/Library/Office
      Primary bedroom
      • Features: En Suite Bathroom, Walk-In Closet(s)
      • Level: Second
      • Area: 285 Square Feet
      • Dimensions: 15x19
      Other
      • Features: En Suite Bathroom, Built-in Closet
      • Level: First
      • Area: 352 Square Feet
      • Dimensions: 16x22
      Bedroom 3
      • Features: Built-in Closet
      • Level: Second
      • Area: 312 Square Feet
      • Dimensions: 13x24
      Bedroom 4
      • Features: Built-in Closet
      • Level: Second
      • Area: 208 Square Feet
      • Dimensions: 13x16
      Bedroom 5
      • Features: En Suite Bathroom, Built-in Closet
      • Level: Second
      • Area: 240 Square Feet
      • Dimensions: 12x20
      Dining room
      • Level: First
      • Area: 196 Square Feet
      • Dimensions: 14x14
      Family room
      • Level: First
      • Area: 390 Square Feet
      • Dimensions: 13x30
      Foyer
      • Level: First
      • Area: 208 Square Feet
      • Dimensions: 13x16
      Kitchen
      • Level: First
      • Area: 406 Square Feet
      • Dimensions: 14x29
      Library
      • Features: En Suite Bathroom
      • Level: First
      • Area: 400 Square Feet
      • Dimensions: 20x20
      Living room
      • Level: First
      • Area: 238 Square Feet
      • Dimensions: 14x17
      Heating
      • Electric
      Cooling
      • Ductless
      Appliances
      • Included: Oven, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator
      • Laundry: Inside, Upper Level
      Features
      • Ceiling Fan(s), High Ceilings, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Walk-In Closet(s), In-Law Floorplan
      • Flooring: Hardwood
      • Doors: French Doors, Outdoor Shower
      • Windows: Window Treatments
      • Has fireplace: Yes
      • Fireplace features: Masonry, Wood Burning
      Interior area
      • Total structure area: 5,467
      • Total interior livable area: 4,456 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage Door Opener
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Enclosed, Patio, Porch, Rear Porch
      • Exterior features: Balcony, Garden, Irrigation System, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Gunite, In Ground
      • Has spa: Yes
      • Spa features: In Ground
      • Fencing: Fenced
      • Has view: Yes
      • View description: Garden, Water, Bay/Harbor - Full, Gulf/Ocean - Full
      • Has water view: Yes
      • Water view: Water,Bay/Harbor - Full,Gulf/Ocean - Full
      • Waterfront features: Bay/Harbor, Gulf/Ocean, Bridges - No Fixed Bridges, Lift, Riprap
      • Body of water: TAMPA BAY - GULF OF AMERICA
      Lot
      • Size: 0.58 Acres
      • Features: Cul-De-Sac, Oversized Lot
      • Residential vegetation: Bamboo, Mature Landscaping, Trees/Landscaped
      Details
      • Parcel number: 183217724140010110
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Mediterranean
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete
      • Foundation: Block
      • Roof: Tile
      Condition
      • New construction: No
      • Year built: 1925

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Private
      • Utilities for property: Public

      Community & HOA

      Community
      • Security: Security Gate
      • Pet fee: $0 monthly
      • Subdivision: POINT PINELLAS REP
      HOA
      • Has HOA: No
      Location
      • Region: Saint Petersburg

      Financial & listing details

      • Price per square foot: $594/sqft
      • Tax assessed value: $1,712,359
      • Annual tax amount: $15,490
      • Date on market: 11/9/2025
      • Cumulative days on market: 287 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/17/2026Listed for sale$2,649,000$594/sqft
        Source: NextHome #TB8446538 Report a problem
        8/11/2026Pending sale$2,649,000$594/sqft
        Source: Stellar MLS #TB8446538 Report a problem
        6/3/2026Price change$2,649,000-3.7%$594/sqft
        Source: Stellar MLS #TB8446538 Report a problem
        4/14/2026Price change$2,750,000-8.2%$617/sqft
        Source: Stellar MLS #TB8446538 Report a problem
        11/10/2025Listed for sale$2,995,000+499%$672/sqft
        Source: Stellar MLS #TB8446538 Report a problem
        5/1/2000Sold$500,000+11.1%$112/sqft
        Source: Public Record Report a problem
        4/30/1999Sold$450,000$101/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$16,293 +5.2%$860,525 +2.9%
        2024$15,490 +1.4%$836,273 +3%
        2023$15,279 +2.3%$811,916 +3%
        2022$14,938 -1.7%$788,268 +3%
        2021$15,195 -0.2%$765,309 +1.4%
        2020$15,233 +1.6%$754,743 +2.3%
        2019$14,991 $737,774 +1.9%
        2018$14,991 +1.3%$724,018 +2.1%
        2017$14,805 +1.6%$709,126 +2.1%
        2016$14,570 -1.4%$694,541 +0.7%
        2015$14,771 +0.5%$689,713 +0.8%
        2014$14,704 +0.5%$684,239 +1.5%
        2013$14,625 +1.8%$674,127 +1.7%
        2012$14,364 $662,858 -0.8%
        2011-- $668,214 -1.1%
        2010-- $675,943 +2.7%
        2009-- $658,172 +0.1%
        2008$13,290 $657,514 +3%
        2007-- $638,363 -18.2%
        2005-- $780,300 +63.1%
        2004$10,359 +1.5%$478,500 +6%
        2003$10,204 +2.8%$451,400 +4.4%
        2002$9,928 $432,400 +7.7%
        2001$9,928 +13.3%$401,400 +13.5%
        2000$8,765 $353,700
        Find assessor info on the county website

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Greater Pinellas Point

        Getting around

        12 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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