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$2,995,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 6 Full Baths
  • 4,456 Sq. Ft.
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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.

Full Property Details for 7240 Dr Martin Luther King Jr Street S

General

  • Price: $2,995,000
  • Taxes: $15,490 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8446538
  • Updated: 11/9/2025
  • Added to Site: 70 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 11
  • Interior Features: Ceiling Fan(s), High Ceilings, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Fireplace: Yes
  • Fireplace(s): Masonry, Wood Burning
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside, Upper Level

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Gunite, In Ground
  • Spa: Yes
  • Spa Description: In Ground
  • Security/Safety: Security Gate

Exterior

  • Exterior Features: Balcony, French Doors, Garden, Irrigation System, Outdoor Shower
  • Deck/Patio: Covered, Enclosed, Patio, Porch, Rear Porch
  • Porch/Patio/Deck: Covered, Enclosed, Patio, Porch, Rear Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3
  • Covered Spaces: 3
  • Parking Features: Garage Door Opener

Location

  • Area: 33705 - St Pete
  • County: Pinellas
  • Development Name: 33705 - St Pete
  • Subdivision: POINT PINELLAS REP
  • Driving 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.
  • Direction Faces: North

Community

  • Community Name: 33705 - St Pete

Heating & Cooling

  • Cooling Type: Mini-Split Unit(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water District: TAMPA BAY - GULF OF AMERICA
  • Water: Private
  • Utility Description: Public

Structural Information

  • Architectural Info: Mediterranean
  • Architectural Style: Mediterranean
  • Exterior Const.: Block, Concrete
  • Roof: Tile
  • Stories/Levels: Two
  • Square Feet: 4,456
  • Sq. Ft. Source: Public Records
  • Year Built: 1925

Lot Features

  • Property View: Garden, Water
  • Lot Size (Acres): 0.58
  • Lot Size (Sq. Ft.): 25,300
  • Lot Size: 25300
  • Street/Road Desc.: Asphalt
  • Fencing (Description): Fenced

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Extras: Yes
  • Water Front Name: TAMPA BAY - GULF OF AMERICA
  • Water Front Desc.: Bay/Harbor, Gulf/Ocean

Financial Considerations

  • Tax Amount: $15,490
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: POINT PINELLAS REPLAT BLK 1, LOT 11 LESS E 5FT
  • Flood Zone Info: AE
  • APN: 183217724140010110
  • Property ID: 183217724140010110
  • Block/Lot/Section: 1

Listed by Nexthome South Pointe

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— 7240 Dr Martin Luther King Jr Street S —

  • Nexthome South Pointe

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7240 Dr Martin Luther King Jr Street S

School District:Pinellas County School District
NameGradesDistance
Lakewood Elementary School, St. Petersburg, FL
4151 6th St S, St. Petersburg, FL 33705
PK-52 mi
Bay Point Middle School
2151 62nd Ave S, St. Petersburg, FL 33712
6-81.2 mi
Lakewood High School
1400 54th Ave S, St. Petersburg, FL 33705
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7240 Dr Martin Luther King Jr Street S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/09/2025
Listed
$2,995,000
216.93%
MLS
3/22/2011
Sold
$945,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7240 Dr Martin Luther King Jr Street S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,293
5%
$860,525
3%
2024
$15,490
1%
$836,273
3%
2023
$15,279
1%
$811,916
6%
2021
$15,195
2%
$765,309
-3%
2022
$14,938
-2%
$788,268
4%
2021
$15,195
1%
$754,743
2%
2019
$14,991
1%
$737,774
2%
2018
$14,805
1%
$724,018
2%
2017
$14,686
1%
$709,126
2%
2016
$14,570
-1%
$694,541
1%
2015
$14,771
—
$689,713
1%
2014
$14,704
1%
$684,239
2%
2013
$14,625
—
$674,127
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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Listed by Nexthome South Pointe

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7240 Dr Martin Luther King Jr Street S, Saint Petersburg, FL 33705 (MLS# TB8446538) is a Single Family property with 5 bedrooms and 6 full bathrooms. 7240 Dr Martin Luther King Jr Street S is currently listed for $2,995,000 and was received on November 09, 2025. Want to learn more about 7240 Dr Martin Luther King Jr Street S? Do you have questions about finding other Single Family real estate for sale in Greater Pinellas Point? You can browse all Greater Pinellas Point real estate or contact a Coldwell Banker agent to request more information.

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