To schedule a showing of 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida, Call David Shippey at 863-521-4517 TODAY!

$2,649,000 Reduced -$101,000
7240 Dr Martin Luther King Jr Street
Saint Petersburg, FL 33705
  • 5Beds
  • 6.00Total Baths
  • 6 Full, 0 HalfBaths
  • 4,456SqFt
  • 1925Year Built
  • 0.58Acres
  • MLS# TB8446538
  • Residential
  • SingleFamilyResidence
  • Active

  • Approx Time on Market6 months, 26 days
  • Area33705 - St Pete
  • CountyPinellas
  • Subdivision Point Pinellas Rep

Overview

There are homes and then there are landmarks.And here, in the timeless beauty of St. Petersburgs 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 citys history that has been thoughtfully preserved and masterfully updated for todays 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.



Agriculture / Farm

Association Fees / Info

Bathroom Info

Total Baths:  6.00

Fullbaths:  6

Building Info

Window Features:  WindowTreatments

Roof:  Tile

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Style:  SpanishMediterranean

Pool Features:  Gunite, InGround

Patio:  RearPorch, Covered, Enclosed, Patio, Porch, Balcony

Pool Private:  Yes

Exterior Features:  Balcony, FrenchPatioDoors, Garden, SprinklerIrrigation, OutdoorShower

Fees / Restrictions

Financial

Original Price:  $2,995,000

Fencing:  Fenced

Garage / Parking

Parking Features:  Garage, GarageDoorOpener

Attached Garage:  Yes

Garage:  Yes

Green / Env Info

Interior Features

Fireplace Desc:  Masonry, WoodBurning

Fireplace:  Yes

Floors:  Wood

Levels:  Two

Spa:  Yes

Laundry Features:  Inside, UpperLevel

Interior Features:  CeilingFans, HighCeilings, MainLevelPrimary, StoneCounters, SplitBedrooms, UpperLevelPrimary, WalkInClosets, WindowTreatments

Appliances:  BuiltInOven, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator

Spa Features:  InGround

Lot Info

Direction Remarks:  From Pinellas Point Dr S, drive South on Dr MLK Jr St S. The home is at the end of the cul de sac.

Lot Size Units:  Acres

Lot Size Acres:  0.58

Lot Sqft:  25,300

Vegetation:  PartiallyWooded

Lot Desc:  CulDeSac, OversizedLot, Landscaped

Misc

Other

Equipment:  Generator

Special Conditions:  None

Security Features:  SecurityGate

Other Rooms Info

Property Info

Section:  18

Class Type:  SingleFamilyResidence

Property Sub Type:  SingleFamilyResidence

Construction Materials:  Block, Concrete

Stories:  2

Foundation:  Block

Human Modified:  Yes

Room Info

Total Rooms:  11

Sqft Info

Sqft:  4,456

Bulding Area Sqft:  5,467

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,024

Tax Lot:  11

Tax Legal Description:  POINT PINELLAS REPLAT BLK 1, LOT 11 LESS E 5FT

Tax Block:  1

Tax Annual Amount:  15490

Tax Book Number:  54-17

Unit Info

Utilities / Hvac

Heating:  Electric

Water Source:  Private

Sewer:  PublicSewer

Cool System:  Ductless, CeilingFans

Heating:  Yes

Utilities:  MunicipalUtilities

Waterfront / Water

Waterfront:  Yes

Waterfront Features:  Bayfront, OceanAccess

View:  Yes

Water Body Name:  TAMPA BAY - GULF OF AMERICA

View:  Bay, Garden, Ocean, Water

Directions

From Pinellas Point Dr S, drive South on Dr MLK Jr St S. The home is at the end of the cul de sac.

This listing courtesy of Nexthome South Pointe 

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Price & Status History (on davidshippey.com since Sun, Nov 9th 2025)
  • Original Price: $2,995,000
  • Current Price: $2,649,000
  • Price Reduced: $346,000
Date ChangedFromTo
06/04/2026$2,750,000 $2,649,000 Reduced by $101,000

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If you have any questions on 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida, please call David Shippey at 863-521-4517.


MLS# TB8446538 located at 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida is brought to you by David Shippey REALTOR®

7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida has 5 Beds, 6 Full Bath, and 0 Half Bath.
The MLS Number for 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida is TB8446538.
The price for 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida is $2,649,000.
The status of 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida is Active.
The subdivision of 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida is Point Pinellas Rep.
The home located at 7240 Dr Martin Luther King Jr Street, Saint Petersburg, Florida was built in 2026.