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Downtown St. Pete

Downtown St. Pete church agrees to sell its parking lot for $5.6 million

Downtown St. Pete church sells parking lot

ST. PETERSBURG — A downtown congregation has agreed to sell a portion of its prime property to a Connecticut developer.

Christ United Methodist Church said it has signed a contract to sell its parking lot at First Avenue N and Fifth Street to Miles River Development for $5.65 million.

The developer could not be reached for comment, but church leaders say they believe there are plans to build a mixed-use tower on the little more than half-acre lot.

In an area zoned for mixed-use, the property is in the city’s downtown core district, which allows the highest densities and building height. Elizabeth Abernethy, the city’s zoning official, said there is no height restriction, but buildings more than 158 feet above mean sea...

See that huge tower planned for downtown St. Pete? Nevermind

Billionaire John John Catsimatidis, who is redeveloping the 400 block of Central Avenue in downtown St. Petersburg, is pictured last year at the New York City headquarters of his company, Red Apple Group. [SUSAN TAYLOR MARTIN | Times, 2017]

ST. PETERSBURG — Billionaire John Catsimatidis, who famously said St. Petersburg "needs a skyline," still wants to build an impressive tower on the 400 block of Central Avenue.

But it won’t be the tower shown on a blog’s web site this week.

"Fake news," Catsimatidis said Tuesday of the images of a mixed-used tower soaring 52 stories and dwarfing everything else in the city. The blog, St. Pete Rising, got the images from an anonymous source and posted them because they had been done by Hill West, a prominent...

Can You Make Money Buying Pre-Construction Downtown Condos?

Don't wait to buy real estate, buy real estate and wait.
                                                

                                                                                                T. Harv Eker

Many people try to make money playing the pre-construction game. This is where you get in early on downtown condo project, neighborhood or other new build in hopes of making money by the time the property is completed. You see this more often in new downtown condo towers because they typically take about two years to build. ...

Downtown St. Pete Sales Up Big in May

The chart below shows downtown St. Pete real estate statistics from March 2016 to May 2017.

Take a look at how much the inventory of homes and condos for sale in downtown dropped in the month of May. Compared to April, the number of properties for sale in zip code 33701 dropped 18% and is about 13% lower than May of 2016. 

Sold properties were up 7% when compared to April 2017 and a whopping 87.5% higher than the same month a year ago. The Pended (under contract) properties increased 36% from April 2017 and is 47.8% higher than May of 2016. 

The Average Sold Price per Square Footage was up 3.9% compared to the previous month and down 1.5% compared to last year. The Median Sold Price increased by 5.6% from last month. The Average Sold Price also increased by 12.4% from last month. Based on the 6 month trend, the Average Sold Price trend is "Neutral" and the Median Sold Price trend is "Neutral".

The Average...

Affordable Condos to Live in Downtown St. Pete

Are you looking to live the metropolitan lifestyle in downtown St. Petersburg, FL but don't want to spend too much? Fortunately, you have plenty of options. Visit Downtown St. Pete real estate for sale to see all homes and condos currently for sale. If you are looking for a property under $300,000 click here

The four downtown St. Pete communities below offer condos for sale under $300,000. 

Arlington Lofts

Each loft has an open floor plan consisting of over 1,000 square feet of space, plenty of room for those who like to spread out and live comfortably. Each condo comes with two bathrooms and two bedrooms, giving one the feeling of urban living. Tall windows...

December 2016 - Downtown St. Pete Home & Condo Stats

December 2016 looks like a neutral market for Downtown St. Pete real estate. The number of for sale listings was up 7.1% from one year earlier and down 3.7% from the previous month. The number of sold listings increased 11.8% year over year and increased 18.8% month over month. The number of under contract listings was up 27% compared to the previous month and up 23.7% compared to the previous year. The Months of Inventory based on Closed Sales is 4.7, down 4% from the previous year.

The Average Sold Price per Square Footage was up 13.8% compared to the previous month and up 4.3% compared to last year. The Median Sold Price decreased by 1.8% from last month. The Average Sold Price also increased by 8.9% from last month. Based on the 6 month trend, the Average...

Five Great Casual Restaurants in Downtown St. Pete

St. Pete, Florida is a popular Florida metropolis surrounded by beautiful Florida beaches and speckled with hints of enchanting Latin influence. Famous for its warm climate, seaside location, fabulous restaurants and shopping, and laid-back residents, the St. Pete area is great location for anyone looking to lead a casual and relaxed lifestyle. If you love downtown and want live there check out all condos and homes for sale downtown St. Pete

The downtown area offers everything you need within walking distance. The affordable pricing and convenient location make St. Pete a true work-live-play community. As mentioned before, St. Pete boasts some of the best restaurants in the business. If you love exploring new restaurants and looking for a place to grab a bite, try one of these downtown foodie gems:

Birch and Vine

Birch and Vine St. Pete ...

New Listing in Old Northeast Neighborhood

136 N 20TH AVENUE, ST PETERSBURG, FL 33704

Julie Lane recently listed this wonderful home 136 N. 20th Avenue, St. Petersburg, FL.

Highly sought after Old Northeast neighborhood. This fantastic 3 bedroom, 2 bath, single story home sits on the quiet and shaded 20th Ave N.  Great “pride in ownership” will be obvious to you when you pull up to this beautiful home. A classic from the 1920's offering over 1700 sq ft of living space and an additional detached in-law suite or workshop with a little TLC can bring a whole other element to your new home. The roof was replaced in 2013, new electrical, appliances and a fully updated bathroom in 2014. Never short on "charm" there are beautiful original hardwood floors throughout and a wood burning fireplace in the living room. Enjoy...