3. DOWNTOWN ST. PETERSBURG

Downtown St. Petersburg

OVERVIEW

Located in the southeast corner of Pinellas County (home to Clearwater Beach), Downtown St. Pete is included in the “Tampa Bay area”, which is one of the Top 25 Fastest Growing Cities in the U.S. (Forbes Fastest Growing Cities of 2018). Located along miles of waterfront on the western coastline of Tampa Bay which ultimately leads to the Gulf of Mexico, St. Pete is also on the national radar for companies, real estate investors and developers and future residents. As opposed to downtown Tampa, downtown St. Pete is considered to be a cultural city with a great “local” feel with Saturday morning farmer’s markets, antique shops, weekend art and music festivals along Straub Park on the Bay, many live theater venues, and a strong artist community and eclectic music scene. St. Pete is home to Salvador Dali Museum, Historic Vinoy Hotel and the Museum of Fine Arts. It has been working to enhance its status as a commerce city, with the addition of more office/business development in its plans. Many miles of biking and walking paths to various local neighborhoods already exist, with more planned. It is a pedestrian and bike-friendly city.

St. Pete/Tampa Metro Areas

Over the past 5 years, Tampa/St. Petersburg market has been on the radar nationally, driven by real estate development and winning sports teams (dubbed “Champa Bay” by many) with the 2020 Buccaneers’ SuperBowl win, multiple Stanley Cups (2020 & 2021, Finals-2022) and 2020 Amer. League Pennant/World Series-runner up). Among “18-hr. cities” (or secondary markets), the Tampa/St. Petersburg market was listed in the top 10 “U.S. Markets to Watch”, according to the 2019 Urban Land Institute-PWC Emerging Trends in Real Estate Report (see page 37), ranking #10 in the “Overall Real Estate Prospects” and #2 in “Homebuilding Prospects”. Tampa/St. Pete was also ranked #12 in “Development/ Redevelopment Opportunities” – and was most recently ranked by PWC’s 2023 Emerging Trends in Real Estate as the nation’s #5 Overall Real Estate Prospect. Cranes abound in this bustling and growing city and new developments continue to evolve. As with Tampa, opportunity is everywhere. Call us for detailed information on investment opportunities or to set up a tour of this beautiful town.

HOME TYPES

Single Family Homes (Eclectic mix)
Historic bungalows built from 1910s-1920s (many without garages)
Florida “Cracker-style” 1-story Homes (many with carports only)
New Construction One and Two-story Contemporary Homes (with garages)

Other Property Types

Condos (hi-rise, low-rise)
Townhomes
Duplexes

AMENITIES

Public Parks/Playgrounds
Waterfront Parks/Fishing Piers
Public Boat Ramps
Beach Drive Blvd. Walking/Jogging/Biking/Rollerblading Path along Tampa Bay’s Coastline
Cultural Scene
University of South Florida St. Petersburg (USFSP) – Public Univ. (4,000+ students), 46-acre campus
Salvador Dali Museum
Tampa Bay Rays Team (Major Leage Baseball/MLB) – 25,000-seat Tropicana Field
Tampa Bay Rowdies (United Soccer League/USL) – 7,500-seat Al Lang Stadium
Chihuly Collection – Morean Arts Center
Palladium Theater
Historic Vinoy Hotel
Downtown Festivals & Parades