2540 1st Avenue N St Petersburg, FL 33713
Listing Courtesy of: MLS LogoSTELLAR as distributed by MLS GRID / Listed By: Compass Florida LLC - Contact:  727-380-2067

  2540 1st Avenue N St Petersburg, FL 33713

Active
$1,393,500 (USD)
3
BED
6
BATH
2,965
SQFT

Description

Unlock a high-yield, multi-stream investment strategy in the heart of the Grand Central District.

Clemmons Court introduces a revolutionary Live-Work-Earn model that caters to the modern professional and the portfolio-minded investor alike. Situated in a coveted Non-Flood Zone (Zone X) and Non-Evacuation Zone, this newly built city retreat offers 2,965 total square feet of thoughtful design and unmatched versatility.

The primary residence is a sleek 2,050 sq ft home featuring three bedrooms, 3.5 bathrooms, engineered hardwood floors, marble finishes, and custom wood cabinetry. But the real draw lies in the TWO DISTINCT PASSIVE INCOME PLAYS BUILT DIRECTLY built directly into the site plan:

INVESTMENT STREAM 1: Capitalize on the 538 sq ft ground-floor commercial retail space. With a private entrance on First Avenue N and its own half-bath, it’s a turnkey opportunity for a boutique storefront, a high-end personal office, or a steady commercial lease.
INVESTMENT STREAM 2: The property includes a detached two-car garage topped by a 377 sq ft Accessory Dwelling Unit (ADU). This self-contained suite—complete with a full kitchen, bathroom, and walk-in closet—is a ready-to-go rental engine or guest house.
Whether you occupy the main house and let the retail and ADU units cover your mortgage, OR LEASE ALL THREE COMPONENTS for a triple-threat ROI, the math works. The four single-family homes of Clemmons Court encircle a private, European-style courtyard, offering a quiet escape just steps from the high-energy pulse of St. Pete.

You’re perfectly positioned near the city's most talked-about spots: grab coffee at Bandit, dinner at Mythos, or drinks at WildChild. This is a rare chance to own a piece of a limited-edition community designed for the future of urban living.

September 2026 delivery. Maximize your portfolio with a property that works as hard as you do.

MLS #:
TB8539472
Taxes
$7,899(2025)
Lot Size
2,000 SQFT
Type
Multifamily
Year Built
2025
Views
City
County
Pinellas County

Listed By

Tess Mullinax, Compass Florida LLC, Contact: 727-380-2067
Source
STELLAR
Last checked Aug 17 2026 at 4:27 PM GMT+0000
Bathroom Details
Interior Features
  • Stone Counters
  • Kitchen/Family Room Combo
  • Solid Wood Cabinets
  • Walk-In Closet(s)
  • Ceiling Fans(s)
  • Thermostat
  • Eat-In Kitchen
  • High Ceilings
  • Primarybedroom Upstairs
Subdivision
  • Clemmons Court
Lot Information
  • Sidewalk
  • Street One Way
  • City Limits
  • Near Public Transit
  • Paved
Property Features
  • Foundation: Slab
  • Foundation: Stem Wall
Heating and Cooling
  • Central
  • Electric
  • Exhaust Fan
  • Central Air
  • Mini-Split Unit(s)
Homeowners Association Information
  • Dues: $175/Monthly
Flooring
  • Tile
  • Hardwood
Exterior Features
  • Frame
  • Hardiplank Type
  • Roof: Shingle
Utility Information
  • Utilities: Cable Available, Water Source: Public, Bb/Hs Internet Available, Electricity Connected, Sewer Connected, Underground Utilities, Natural Gas Connected
  • Sewer: Public Sewer
Parking
  • On Street
Living Area
  • 2,965 sqft
Additional Information: Compass Florida LLC | 727-380-2067
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 8/17/26 09:27
Based on information submitted to the MLS GRID as of 8/17/2026 16:27. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.