Saint Petersburg Real Estate
Saint Petersburg, Pinellas County, is located just across Old Tampa Bay from downtown Tampa on Florida’s Gulf coast. It is known for its attractive climate and leisure activities, including fishing, beachgoing, golfing and sailing. It is also home to notable cultural venues, including the Dali Museum, Mahaffey Theatre and Museum of Fine Arts. For these reasons - and others - people choose to locate in the city.
Why Is Real Estate Saint Petersburg Popular?
Saint Petersburg’s beautiful weather attracts many buyers. It gets an average of 361 sunny days each year and is the world record holder for the most consecutive days of sunshine. Between 1967 and 1969, the sun shone for 768 days in a row, earning the nickname, “Sunshine City.”
Buyers are also drawn to Saint Petersburg because of its economic opportunities. The metro is home to more than four million people and hosts dozens of Fortune 500 companies. The largest employers in the city span a mix of sectors, including investment banking, healthcare, retail and electronics manufacturing. The vibrant nature of the economy led to a rapid expansion of the city’s population in the 1950s and 1960s. After that, the population continued to grow, but more slowly.
Real estate buyers are interested in moving to Saint Petersburg for another reason. It is now emerging as a city of arts and culture, with more than six arts districts. These offer residents multiple galleries, theatres and a year-round schedule of festivals and events. The Warehouse Arts district, for example, located along 22nd Street South, is an art space converted from old warehouses and light manufacturing buildings. It provides space for larger pieces and offers heavy equipment for artists to use. The Deuces Live District is located nearby and highlight’s Saint Petersburg’s rich cultural heritage. Lastly, the Edge District near Main Street close to 1st Avenues North and South, provides artwork alongside amenities, including bars and restaurants.
Saint Petersburg also offers plenty of opportunities for outdoor recreation. It is home to the biggest network of cycling trails in the southeast - ideal for fitness enthusiasts. And plays host more than 2,400 acres of parkland. In total, there are more than 76 tennis courts, 13 regulation baseball fields, five beaches, six dog parks, three nature reserves and 80 playground areas for children.
Educational establishments in Saint Petersburg are also a big draw for families. Many benefit from St. Pete’s Promise. This initiative gives the community opportunities to invest in local schools, teachers and children. It is responsible for driving up schooling standards in the area and improving attainment.
Real Estate Saint Petersburg Market Facts
Since the middle of 2015, according to the sources, selling prices have risen from $133,000 to $218,900 in 2021. Asking prices are considerably higher still, up at $290,700 for 2021.
Real Estate Saint Petersburg: Neighborhoods
Saint Petersburg is home to a range of communities, each offering buyers something unique. The following are some highlights, though there are many others.
Crescent Lake is a beautiful residential area built around Crescent Lake Park. People move to this community because of nearby recreational facilities. The park offers wildlife, tennis courts, walking trails and playgrounds for children.
There are an eclectic mix of properties in the area. Buyers can find examples of Tudor, ranch, Spanish, colonial and craftsman style homes in the area. Nearby, there are a selection of taverns, coffee shops and boutique shops.
Buyers looking for nearby cultural and recreational amenities regularly locate in Edge District. The neighborhood is run by a not-for-profit organization that respects the historical character of the area and invests in urban renewal. Palm trees line many residential streets, and on the crossroads, there are bars, galleries and studios.
Fossil Park is popular among buyers looking for quiet and well-kept neighborhoods. It has good transport links, both interstate and to the rest of the city. Streets in the community benefit from good lighting and, thanks to its green spaces, it is also a haven for wildlife. Getting to downtown Saint Petersburg takes between 8 and 10 minutes from this location. And going across the bay to downtown Tampa takes around 12 to 15 minutes.
St Petersburg Fl
St Petersburg Florida
Neighborhoods In St Petersburg FL