Why Everybody Wants to Live in Downtown St. Petersburg
Melanie Loves Tampa Bay
English - August 13, 2019 21:00 - 8 minutes - 8.06 MB - ★★★★★ - 8 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Downtown St. Pete is one of the most coveted areas to move to in the Tampa Bay area. So why does everyone want to move there and how much does it cost to live there?
Honestly, it's just a really cool and beautiful place to live. Downtown St. Petersburg truly does have it all - the whole bay front is lined with gorgeous parks that host different festivals and events throughout the year. It's the perfect place for a long walk with your pet, a bike ride, or just to sit and enjoy the water view. It's a walkable city with a vibrant, inclusive energy.
Because so many people want to live there, it has become pretty expensive to own or rent. If you want to live in the heart of downtown, you'll probably have to choose from a townhouse or a condominium - many are in high rises. They range from small studio to penthouses. If you're lucky, you might be able to find a few for around $200,000 - but the median price is in the $500,000 range with prices going up well over $2 million.
What about rentals? The same is true. Look to pay a minimum of $1,000 / month with most costing more than $2,000 / month.
Popular neighborhoods nearby include the Historic Old Northeast, Snell Isle, and Venetian Isles.
What about affordable areas near Downtown St. Petersburg? The short answer is, yes, of course there are. More budget-friendly neighborhoods tend to be farther away from the downtown core and the houses may need some TLC. It's possible to find a single-family home for under $300,000.
Remember that most of St. Petersburg was developed quite a while ago, so there are lots of older, traditional, Florida-style ranch homes.
In closing, Downtown St. Petersburg is as beautiful and as fun as it seems. There are always resale opportunities in the area and new condo projects to look into.
Melanie is a Tampa Bay area Realtor with Smith & Associates.
She loves Tampa Bay area area, houses, and helping clients buy and sell real estate.
Email: [email protected]
Call/text me if you are looking to buy / sell a home in the Tampa Bay area! 813.368.6084
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