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#TB8344011, Vanessa Talbott, Listing office: PALM REAL ESTATE INC
Property details
About 4718 Paradise Way S
Short Sale. Short Sale. A rare chance to own and complete a one-of-a-kind waterfront estate—this striking new construction home stands as the tallest single-family residential structure in St. Petersburg, offering unobstructed 360-degree views of the bay, city skyline, and beyond. Please note: the home is currently a shell and not yet finished. Interior build-out is required, offering a blank canvas to bring your vision to life. Appraised As-Is at $3.8M (appraisal in hand), with a completed value exceeding $7M, this property presents tremendous upside for builders, investors, or end-users seeking to customize a luxury waterfront masterpiece. Constructed with ICF (Insulated Concrete Form) for superior strength and energy efficiency, the structure withstood two recent hurricanes without any water intrusion. Located on a deep canal with immediate open water access, the property features a concrete seawall and dock that can accommodate up to an 80-foot yacht. Just 10 minutes from Downtown St. Pete and minutes from Gulf beaches, this property offers elite boating access, breathtaking views, and the chance to create something truly iconic. Short sale—subject to bank approval.
Highlights
Home typeOther
StatusActive
Lot size0.27 Acres
MLS #TB8411492
WaterfrontCanal, Gulf, Intracoastal Waterway
Virtual tour
Summary
- Waterfront: Canal, Gulf, Intracoastal Waterway
- List Price: $2,000,000
- HOA Amount: $0
- Annual Tax Amount: $13,592
- Tax Year: 2023
- Directions: From 4th St S, turn left onto 45th Ave S, turn right onto Sunrise Dr S, turn left onto Paradise Way S, property on the left.
- Lot Size: 0.27 Acres
- MLS Number: TB8411492
- MLS Name: MFRMLS
- Office Name: ENGEL & VOLKERS TRINITY
- Listing Agent: Nicole Musgrave, LLC
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 11:49:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 10, 2022 | Home Sold | $975,000 |
| Oct 21, 2003 | Home Sold | $244,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $684,474 | $13,592 |
| 2022 | $487,868 | $8,034 |
| 2021 | $352,159 | $8,034 |
| 2020 | $301,098 | $7,095 |
History based on county public records data.
Nearby schools
6
Lakewood Elementary
Public District PK-5
0.5 mi
•4151 6th St S
8
Bay Vista Fundamental Elementary School
Public Magnet KG-5
1.0 mi
•5900 Dr Martin Luther King St S
6
Bay Point Elementary School
Public Magnet PK-5
1.8 mi
•5800 22nd St S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,773. Typical income of Saint Petersburg, FL residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
37%
<35k
55%
35k-100k
6%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
17%
Single, with Kids
25%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
10%
12-17 yrs old
16%
18-34 yrs old
48%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Stein Mart
Family Dollar
Big Lots
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Golden Corral
What do the neighbors drive?
Buick
Chevrolet
Kia
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4718 Paradise Way S
The listing price of 4718 Paradise Way S property is $2,000,000.
The property 4718 Paradise Way S is land located in Saint Petersburg, Florida, 33705.
Active Listing: 4718 Paradise Way S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4718 Paradise Way S are: Lakewood Elementary (GreatSchools Rating 6/10), Bay Vista Fundamental Elementary School (GreatSchools Rating 8/10), Bay Point Elementary School (GreatSchools Rating 6/10), Bay Point Middle School (GreatSchools Rating 5/10), James B. Sanderlin K-8 (GreatSchools Rating 7/10), John Hopkins Middle School (GreatSchools Rating 4/10), Lakewood High School (GreatSchools Rating 4/10), Pinellas Mycroschool of Integrated Academics and Technologie (GreatSchools Rating 1/10), Gibbs High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $13,592 (source: MLS/based on county public records data).
The last sale was on June 10, 2022 for $975,000 (source: MLS/tax record).
The property 4718 Paradise Way S is 0.27 acres.
This home is located at 4718 Paradise Way S in Saint Petersburg, FL and zip code 33705 in the Little Bayou neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 28, 2025 and is currently priced at $2,000,000.
While more than 41 listings in Saint Petersburg, FL in June 2025 were sold above asking price, there were more than 65 listings sold at asking price, and more than 264 were sold below. The inventory of homes for sale in Saint Petersburg, FL between May and June 2025 decreased by 0.3%. In June 2025 median list price was $430,570 and the average listing age was 60 days.
From Rocket Homes Real Estate and based on county public records data.