Welcome to 720724 7th Street North, a rare opportunity in the heart of beautiful St. Petersburg, nestled right in the middle of the Historic North District where you can walk the brick lined streets to downtown bars, bistros, cafes, restaurants, movies, shops, and so much more. You are minutes from the waterfront, vibrant downtown, and the citys award winning beaches. This property offers two fully independent homes on one oversized 60x128 foot lot with dedicated alley access parking for up to six vehicles, a total of about 7,780 square feet. This home combines comfort, versatility, and strong investment potential. It works well for an owner occupant, multi generational living, or an investor seeking dual rental income. This one of a kind compound blends timeless charm with a prime location in one of the most desirable neighborhoods in St. Pete. The freshly painted main home welcomes you with an open, light filled layout and features two bedrooms and two recently renovated bathrooms, each with private en suite access. The spacious living and dining areas flow into a modern kitchen with painted wood cabinetry and stainless steel appliances, ideal for casual dining and entertaining. Beautiful bamboo style and laminate flooring throughout create a warm coastal feel. The thoughtful floor plan provides comfortable living space for working, relaxing, and hosting guests. Sliding doors in the main bedroom lead to a lanai overlooking the large fenced backyard, perfect for morning coffee, family gatherings, a dog run or quiet evenings under the stars. AC was replaced in 2022. The second home, privately tucked at the rear of the property, is a charming two bedroom and one bath cottage with its own water and electric meters and private laundry area. With newer kitchen appliances and an efficient layout, This fully independent guest home offers endless possibilities. It is ideal for extended family, visiting guests, or rental opportunities. The oversized lot provides mature trees, lush landscaping, and plenty of room to garden or create outdoor living areas. The size of the lot also gives future owners flexibility to remodel, add on, or build a single family home with a detached garage and apartment. One of the standout features is the alley access with off street parking for at least six vehicles, which is almost impossible to find in this part of downtown St. Pete. Whether you have multiple tenants, frequent guests, or simply value convenience, this parking setup offers significant ease of living. The location is truly unbeatable. You are within walking or biking distance of Crescent Lake Park, the waterfront, downtown St. Petersburg, and an array of shops, cafs, breweries, and restaurants that give this neighborhood its vibrant energy. Hospitals, cultural venues, museums, galleries, marinas, and weekend markets are all close by. St. Pete Beach and Treasure Island are a short drive away. This versatile property offers rare flexibility. Live in one home and rent the other, lease both for strong income, or create a private compound that keeps family close while preserving privacy. Opportunities like this seldom come to market with dual homes, separate utilities, fenced yard, alley access, and ample parking in a prime location. With its charm, income potential, and unbeatable setting, 720724 7th Street North stands out as one of the strongest offerings in downtown St. Petersburg. Call the listing agent today.