Thinking About Buying in Downtown St. Pete? 

Should You Rent or Buy in St. Petersburg? 

Here’s What You Need to Know 

St. Petersburg, Florida, often called "The Sunshine City," is an attractive place to live, offering a vibrant culture, stunning waterfront views, and year-round warm weather. The city is experiencing rapid growth, with new developments reshaping both downtown and the beach areas, adding even more appeal to homeownership. While renting may be suitable for those seeking short-term flexibility, the benefits of buying a home in St. Petersburg are numerous and compelling. Here are some key reasons why purchasing a home in St. Pete can be a smarter choice than renting.

Exciting Developments in Downtown & Beach Areas

St. Petersburg has seen a surge in new residential and commercial developments, particularly in the downtown and waterfront areas. Luxury condominiums, modern high-rises, and mixed-use developments are transforming the skyline, providing more opportunities for homebuyers to invest in a dynamic urban setting. Downtown St. Pete is bustling with trendy restaurants, rooftop bars, and cultural attractions, making it a highly desirable location for those who want to live close to the action. Meanwhile, areas near St. Pete Beach and Treasure Island are seeing an increase in waterfront properties and resort-style communities, offering residents a perfect blend of coastal living and modern amenities.

With continuous investments in infrastructure, including the redevelopment of the Tropicana Field site and the expansion of public transit and bike-friendly streets, St. Pete is becoming an even more attractive city for homebuyers looking for a walkable, vibrant lifestyle.

1. Building Equity

One of the most significant advantages of buying a home is building equity over time. When you rent, your monthly payments contribute to your landlord's investment rather than your own. Owning a home allows you to build wealth as you pay down your mortgage and as your property's value appreciates.

2. Stable Monthly Payments

With a fixed-rate mortgage, your monthly principal and interest payments remain consistent, whereas rent prices in St. Pete have been rising steadily. Homeowners can better predict their long-term housing costs, while renters may face unpredictable rent hikes.

3. Tax Advantages

Homeowners in St. Petersburg can benefit from tax deductions on mortgage interest and property taxes, potentially saving thousands of dollars each year. Renters, on the other hand, do not receive such tax benefits.

4. Appreciation Potential

St. Petersburg's real estate market has shown strong growth over the years, making homeownership a solid long-term investment. The city's popularity, waterfront location, and ongoing development contribute to property value appreciation, which can lead to significant returns if you decide to sell in the future.

5. Personalization & Creative Freedom

Owning a home gives you the freedom to renovate, decorate, and personalize your space without restrictions from a landlord. Whether you want to upgrade your kitchen, add a backyard patio, or paint your walls, you have complete control over your home's aesthetics and functionality.

6. Sense of Community & Stability

Homeownership often leads to a greater sense of community involvement and stability. Being a homeowner allows you to establish long-term relationships with neighbors, participate in local events, and enjoy the security of knowing you won’t have to move due to a lease expiration or rising rent.

7. Hedge Against Inflation

While rental prices tend to increase with inflation, homeowners with a fixed-rate mortgage lock in their housing costs, protecting them from future increases in the cost of living.

8. Rental Income Opportunities

With platforms like Airbnb and a thriving tourism industry in St. Pete, homeowners have the option to generate rental income by leasing out part or all of their property. This additional income stream can help offset mortgage payments or fund future investments.

Frequently Asked Questions About Buying a Home in St. Petersburg, FL

Q: Is now a good time to buy a home in St. Petersburg?
A: Yes! With continued development and property appreciation, investing in real estate in St. Pete can offer long-term financial benefits.

Q: What are the best neighborhoods for homebuyers in St. Petersburg?
A: Popular areas include Downtown St. Pete for its urban lifestyle, Old Northeast for its historic charm, and St. Pete Beach for stunning waterfront living.

Q: Are there first-time homebuyer programs available?
A: Yes! Florida offers various down payment assistance programs that can help new buyers afford their dream home.

Q: How much does it cost to buy a home in St. Petersburg?
A: As of February 2035 the median home price in St. Petersburg is around $430,900 with homes selling in an average of 41-60 days. The market remains competitive, making it a great time to buy before prices rise further.

Final Thoughts

While renting provides flexibility, homeownership in St. Petersburg offers a range of financial and personal benefits that can enhance your long-term stability and quality of life. With new developments revitalizing the city, property values continue to rise, making it an opportune time to invest. Even with higher mortgage rates, the advantages of buying often outweigh the costs. Plus, with down payment assistance programs available, owning a home may be more achievable than you think.

Thinking about making the leap to homeownership in St. Petersburg? Connect with me at 727-204-5001 or email me at kkshohet@gmail.com to explore your options and find the perfect home to suit your needs and lifestyle. Visit SunCoastHome.com to get started today!

Is Now the Best Time to Buy in St. Petersburg? 

A Look at Florida's Housing Surge 

Florida's housing market is experiencing a significant shift, with inventory levels soaring to unprecedented highs in February. Cities across the state, from major metros like St. Petersburg to smaller towns such as Harmony, are seeing record numbers of unsold homes amid persistently high mortgage rates.

Housing Inventory Hits Record Highs

Statewide, there were 168,717 homes for sale in February, the highest number ever recorded in Realtor.com® data, which dates back to 2016. This represents a nearly 34% increase compared to the same time last year.

St. Petersburg, a vibrant Gulf Coast city with over 260,000 residents, experienced the most dramatic inventory surge, with available homes skyrocketing by 164% year over year. Realtor.com Senior Economist Joel Berner notes, "St. Petersburg is experiencing a flood of new inventory, especially of larger homes."

New listings in St. Petersburg climbed even higher, rising 166.9% compared to February 2024. Despite this influx of homes, Berner points out that the market has yet to slow down significantly, as the number of days a typical home spent on the market in February remained unchanged from last year.

Pricing Trends and Buyer Opportunities

Although price reductions in St. Petersburg were up 2.6%, this was still below the national average. The price per square foot dipped 2.9%, while the median listing price remained largely unchanged. Historically, price corrections like these have often signaled the early stages of a shift toward a buyer's market, making it an opportune time for those looking to purchase a home., this was still below the national average. The price per square foot dipped 2.9%, while the median listing price remained largely unchanged. This suggests that larger homes are entering the market at more competitive prices, potentially benefiting buyers.

"This surge of fresh inventory is good news for prospective buyers as the spring buying season approaches; they'll have plenty of options to choose from at competitive prices," says Berner.

As of early March, there were 3,534 homes for sale in St. Petersburg, with a median listing price of $440,000.

Florida Cities Seeing the Biggest Inventory Growth

St. Petersburg isn’t alone in experiencing an inventory boom. The 10,000-person town of Citrus Springs saw the second-largest increase in available homes, up 136% year over year. Other cities seeing major inventory surges include:

1. St. Petersburg, FL – 164.1% increase

2. Citrus Springs, FL – 136.5% increase

3. Pace, FL – 128.2% increase

4. Miami Gardens, FL – 120.7% increase

5. Dania Beach, FL – 118.2% increase

6. St. James City, FL – 115.8% increase

7. St. Johns, FL – 115.7% increase

8. Ave Maria, FL – 106.6% increase

9. Royal Palm Beach, FL – 100% increase

10. Harmony, FL – 100% increase

Is It a Buyer's Market?

The surge in housing inventory indicates that buyers may finally have an advantage after years of a competitive seller's market. High mortgage rates have slowed some demand, but steady sales in St. Petersburg suggest that affordability remains a key factor. Factors like interest rates, local job growth, and continued inventory trends will determine whether this shift solidifies into a long-term buyer-friendly market. after years of a competitive seller's market. However, homes in St. Petersburg are still selling at a steady pace, suggesting demand remains strong despite the growing supply.

Two Gulf Coast cities—Sarasota and Bradenton—are becoming increasingly favorable for buyers, with rising inventories, declining prices, and homes spending more time on the market. In Bradenton, median listing prices have fallen since March 2023, with homes now listed around $432,000—approximately $100,000 less than a year and a half ago. Sarasota has followed a similar trend, with median listing prices dropping to $575,000. Unlike St. Petersburg, where homes are still moving at a steady pace, these two cities are showing stronger signs of transitioning into a true buyer's market., with rising inventories, declining prices, and homes spending more time on the market. In Bradenton, median listing prices have fallen since March 2023, with homes now listed around $432,000—approximately $100,000 less than a year and a half ago. Sarasota has followed a similar trend, with median listing prices dropping to $575,000.

While St. Petersburg is seeing a dramatic rise in inventory, whether it fully transitions into a buyer’s market will depend on how quickly homes continue to sell and whether price adjustments follow. Buyers entering the market now, however, may find more options and potentially better deals than in previous years.

Schedule a Buyer Broker Consultation

For expert guidance in navigating the St. Petersburg housing market, contact 727-204-5001 for a Buyer Broker Consultation or visit Suncoast Home to explore available listings and market insights.

 Local Restaurants in St. Petersburg, FL

St. Petersburg, Florida, is a culinary paradise, boasting an eclectic mix of restaurants that cater to every palate. Whether you're craving fresh seafood, authentic Mexican flavors, or modern Mediterranean cuisine, the city has something special to offer. Here’s a roundup of some of the best local restaurants in St. Pete that should be on your must-visit list.

1. Il Ritorno

📍 Location: 449 Central Ave, St. Petersburg, FL 33701
Located in the heart of downtown, Il Ritorno is a go-to for modern Italian cuisine. Known for its handcrafted pasta and innovative dishes, this intimate eatery is a favorite among locals and visitors alike. Their short rib mezzaluna and squid ink campanelle are standout dishes that keep diners coming back. The cozy yet upscale ambiance makes it an excellent choice for a date night or special occasion.

2. Fresco’s Waterfront Bistro

📍 Location: 300 2nd Ave NE, St. Petersburg, FL 33701
For a meal with a view, Fresco’s Waterfront Bistro is the perfect spot. Situated on the marina, this restaurant serves up fresh seafood and classic American dishes. Whether you opt for their famous crab cakes or enjoy a refreshing cocktail during sunset, you’re in for a treat. With its outdoor seating and relaxed atmosphere, it's a favorite for both tourists and locals looking to enjoy waterfront dining.

3. Allelo

📍 Location: 300 Beach Dr NE Ste 128, St. Petersburg, FL 33701
If you’re in the mood for Mediterranean flavors, Allelo is the place to be. With an elegant ambiance and a thoughtfully curated wine list, this restaurant is ideal for a romantic night out. Their grilled octopus and house-made hummus are must-try items on the menu. The intimate setting and beautifully presented dishes make it a standout in St. Pete’s dining scene.

4. The Lure

📍 Location: 661 Central Ave, St. Petersburg, FL 33701
Sushi lovers will find a haven at The Lure, where inventive rolls and unique small plates steal the show. The laid-back atmosphere, complete with a pool table and funky decor, makes it a great spot to unwind. Try their Drunken Clam sushi roll for a delightful fusion of flavors. They also offer an eclectic menu of tapas and creative cocktails, ensuring there's something for everyone.

5. Red Mesa Mercado

📍 Location: 1100 1st Ave N, St. Petersburg, FL 33705
For an authentic Mexican experience, Red Mesa Mercado delivers big flavors in a casual setting. Their street tacos, burritos, and house-made guacamole make for a satisfying meal. Pair your food with their seasonal sangria for the perfect complement. The outdoor seating and fast-casual vibe make it an excellent stop for a quick and delicious meal.

6. In Between Days

📍 Location: St. Petersburg, FL 33712
A hidden gem in St. Pete, In Between Days is a Japanese-inspired sake bar with a carefully curated menu of Asian small plates. The intimate and moody setting makes it a unique dining experience, perfect for those looking to try something different. Their sake cocktails and fusion-style dishes offer a one-of-a-kind experience for adventurous food lovers.

7. Lolita’s Wine Market

📍 Location: 16 18th St S, St. Petersburg, FL 33712
Wine enthusiasts will love Lolita’s Wine Market, where charcuterie boards and a fantastic selection of wines create an inviting atmosphere. Whether you’re looking for a casual outing with friends or a cozy date night, this spot delivers on charm and flavor. Their customizable cheese and charcuterie boards are a major highlight.

8. Copa

📍 Location: 1047 Central Ave, St. Petersburg, FL 33705
For craft cocktails and a vibrant atmosphere, Copa is a must-visit. This stylish wine bar and lounge offers an impressive drink menu along with delicious small bites, making it a great place to start or end your night in St. Pete. The trendy decor and lively ambiance make it a hotspot for social gatherings and late-night drinks.

Final Thoughts

St. Petersburg’s restaurant scene is diverse and ever-evolving, with flavors and settings that cater to every dining preference. Whether you’re a local or just visiting, these top picks promise an unforgettable culinary experience. So, next time you find yourself in St. Pete, be sure to explore these fantastic dining spots!

 

Smart, Budget-Friendly Updates to Sell Your Home Faster

Selling your home doesn’t have to mean investing in expensive renovations. The right small, high-impact updates can make all the difference in attracting buyers, increasing your home’s value, and helping it sell faster—without draining your budget. The key is focusing on updates that make your home feel fresh, modern, and move-in ready.

As someone who has helped countless homeowners prepare their homes for sale, I always emphasize one thing: first impressions matter. Buyers start forming an opinion from the moment they see your home online or pull into the driveway. By making a few strategic changes, you can ensure your home stands out in a competitive market.

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Refresh Your Home with a New Coat of Paint

One of the easiest and most affordable ways to make your home feel brand new is a fresh coat of paint. Light, neutral tones like soft white, greige, or light gray can make any space look cleaner, brighter, and more inviting. If you want to take it a step further, updating the trim and doors with crisp white paint can instantly give your home a more modern look.

Paint is a game-changer because it allows buyers to envision themselves in the space. Bold colors or outdated wallpaper can be distracting, making it harder for potential buyers to see the home’s potential. A simple, neutral palette creates a blank canvas that appeals to the widest audience.

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Upgrade the Kitchen—Without a Full Remodel

A full kitchen renovation isn’t necessary to impress buyers, but small, thoughtful upgrades can make a huge impact. Consider painting or refacing cabinets to give them a modern look—white and gray are timeless choices that create a clean, fresh feel. Updating the cabinet hardware with sleek, modern handles is a quick and cost-effective way to elevate the space.

Another great update is replacing an outdated backsplash. Subway tile is a classic option that’s affordable, stylish, and widely appealing. If your countertops are dated and your budget allows, consider upgrading to quartz or granite in a neutral shade. Even small touches, like new kitchen towels, a bowl of fresh fruit, or stylish countertop accessories, can enhance the space for listing photos and showings.

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Bathrooms That Feel Fresh and Modern

Buyers love a home that feels clean, well-maintained, and move-in ready—especially in the bathrooms. One of the simplest yet most impactful updates is re-grouting tile and replacing old caulking around sinks, tubs, and showers. These small details make the bathroom look fresh and well cared for.

Updating faucets, cabinet hardware, and mirrors can instantly modernize the space without the need for a full remodel. If your vanity looks outdated, replacing it with a sleek, neutral design can be a worthwhile investment. To add an inviting touch, staging with fresh white towels, a spa-like candle, and minimal décor can make a bathroom feel more luxurious and appealing to buyers.

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Boost Curb Appeal for a Strong First Impression

The exterior of your home is the first thing buyers see, so making it inviting is key. One of the easiest ways to enhance curb appeal is by giving your front door a fresh coat of paint. Bold yet classic colors like navy, black, or deep green create a modern, welcoming look. If the budget allows, upgrading the door hardware, house numbers, and outdoor lighting can make a dramatic difference in how polished your home appears.

Landscaping also plays a big role in curb appeal. Simple updates like trimming overgrown bushes, adding fresh mulch, and planting seasonal flowers can make your home look well-maintained and inviting. Since buyers form an impression before they even step inside, ensuring your yard and entryway are clean and welcoming will set the right tone from the start.

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Flooring Fixes That Elevate Your Home’s Value

Old, worn-out flooring can be a dealbreaker for buyers, but replacing it doesn’t have to be expensive. If your carpet is outdated, swapping it for luxury vinyl plank (LVP) or refinishing hardwood floors can instantly modernize your home. If a full replacement isn’t in the budget, a professional carpet cleaning can still make a huge difference in freshening up the space.

Another thing to consider is creating a consistent flooring style throughout the home. If multiple types of flooring create a disconnected look, buyers may find it harder to envision the space as cohesive. Even small adjustments, like transitioning between rooms more smoothly, can make the home feel more put together.

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Lighting and Fixtures That Brighten Your Home

Lighting plays a huge role in how a home feels, and buyers are naturally drawn to bright, airy spaces. One of the quickest ways to refresh your home is by swapping outdated light fixtures for modern, stylish alternatives. Whether it’s chandeliers, vanity lights, or flush mounts, updating these details can instantly modernize a room.

Another simple but highly effective trick is changing out all the lightbulbs in your home. Many homeowners live with warm, dim lighting, but cool white or daylight LED bulbs make spaces appear brighter, larger, and more welcoming. Making this switch throughout the home ensures better listing photos and a stronger in-person impression.

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Decluttering and Staging for Maximum Appeal

One of the most effective ways to make your home stand out is decluttering and staging it properly. Buyers want to envision themselves in the space, and a clutter-free, well-staged home makes that easier. Start by removing excess furniture, personal items, and anything that makes the space feel too crowded. Rearranging furniture to create an open, airy feel helps showcase the size and flow of the rooms.

Staging doesn’t have to be expensive—neutral décor like fresh white bedding, simple artwork, and greenery can make a home feel warm and inviting. Deep cleaning is also essential—buyers will notice details like dusty baseboards, dirty windows, and unclean floors. Taking the time to ensure every surface sparkles can make a lasting impression.

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What’s Not Worth the Investment?

While making your home market-ready is important, not every update is worth the cost. Major renovations, like a full kitchen or bathroom remodel, often don’t yield the best return on investment since buyers may want to customize these spaces themselves. Likewise, high-end customizations that cater to specific tastes can actually work against you—neutral, versatile spaces tend to attract the most interest.

Additionally, while smart home features are a great bonus, they don’t always add significant resale value. Instead of spending money on high-tech upgrades, focus on the foundational aspects of your home—cleanliness, lighting, and an updated aesthetic that appeals to the widest range of buyers.

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Ready to Sell for Top Dollar?

Selling your home doesn’t have to be stressful. By focusing on simple, cost-effective updates, you can maximize your home’s value, attract more buyers, and sell faster—without spending a fortune.

Looking for expert advice tailored to your home? Visit SunCoastHome.com for personalized tips, free resources, and insider strategies to help you sell your home for top dollar.

 

New Developments in Downtown St. Pete: Castille Urbana Completes Construction & Perry’s Porch Opens at the Pier

Downtown St. Pete is thriving with new developments, from luxury living spaces to exciting dining destinations. The newly completed Castille Urbana condominium brings 40 contemporary residences to the city’s heart, while Perry’s Porch, a highly anticipated coastal café, is set to open this weekend at the St. Pete Pier.

Castille Urbana Welcomes New Residents

Located at 600 3rd Avenue South, Castille Urbana is a five-story boutique condominium just three blocks from the city’s bustling Central Avenue. Developed by NJR Investment and Development Company, this new residential community provides homeowners with the perfect blend of modern comfort and urban convenience.

CEO and President of NJR, Neil Rauenhorst, shared his excitement about the project’s timely completion, stating:

“This milestone marks a significant achievement, particularly in a market where delays have become common. We’re thrilled to provide new homeowners the opportunity to move in without waiting, delivering a truly unparalleled downtown St. Pete lifestyle.”

The Downtown St. Pete Lifestyle

Living in downtown St. Pete offers a unique blend of culture, nightlife, and coastal charm. With Castille Urbana’s prime location, residents are just a short walk or bike ride away from some of the city's best:

• Local Boutiques & Art Galleries – From MISRED Outfitters and Matter of Fact for stylish finds to the Duncan McClellan Gallery showcasing stunning glass art, shopping in St. Pete is as creative as the city itself.
• Vibrant Dining Scene – Residents can enjoy local favorites like The Library for brunch, Wild Child for craft cocktails and eclectic bites, and Il Ritorno for an elevated Italian dining experience.
• Lively Nightlife & Breweries – The area is home to iconic spots like Mandarin Hide for innovative cocktails, Green Bench Brewing for local craft beer, and The Saint for a speakeasy experience.
• Outdoor & Waterfront Living – With Vinoy Park, the St. Pete Pier, and miles of waterfront trails, the city offers plenty of ways to enjoy Florida’s sunshine and sea breezes.

Perry’s Porch Brings Coastal Flavors to the St. Pete Pier

Alongside exciting residential developments, downtown St. Pete’s dining scene continues to grow with the opening of Perry’s Porch. This coastal-inspired café will officially debut at 335 2nd Avenue NE, right at the entrance of the St. Pete Pier and next to the St. Petersburg Museum of History.

Replacing the former craft beer bar Hops and Props, Perry’s Porch will have a soft opening on Saturday, February 8th, followed by a grand opening on Wednesday, February 12th.

The new eatery is the latest venture from Seed & Feed Hospitality, the team behind local favorites like:

• Mandarin Hide – A beloved cocktail lounge with a speakeasy vibe.
• Trophy Fish – A go-to spot for fresh, locally sourced seafood.
• El Cap – A 60-year-old institution serving classic burgers and cold beer.

Perry’s Porch aims to capture St. Pete’s coastal essence, offering fresh, Florida-inspired flavors in a laid-back, waterfront setting.

St. Pete’s Growth Continues

With the completion of Castille Urbana and the opening of Perry’s Porch, downtown St. Pete continues to evolve as one of Florida’s most dynamic and desirable destinations. Whether you’re searching for a new home or a new favorite café, the Sunshine City offers an unmatched blend of luxury, culture, and community.

Looking for your dream home in St. Pete? Check out our

website at Suncoasthome.com for the latest listings and real estate insights!

Are you planning to visit Perry’s Porch or explore the new condos at Castille Urbana? Let us know in the comments below!

 

Unlocking Rental Income Potential in St. Petersburg Real Estate

Investing in rental properties can be a lucrative way to generate passive income and bolster your retirement portfolio. St. Petersburg's thriving real estate market offers an excellent opportunity for investors looking to build long-term wealth. However, ensuring your property delivers steady cash flow is key to making real estate a viable investment. Here’s how to position your rental property for success in St. Pete.

1. Financing Your St. Petersburg Investment Property

Securing financing for an investment property requires careful planning. Mortgage lenders typically require a down payment of 15% to 25% for non-owner-occupied homes, depending on factors such as loan type, credit score, and property type. Loan terms may not be as favorable as those for primary residences, so it’s crucial to explore multiple lending options.

One effective strategy is purchasing a home as an owner-occupied property, living in it for a year, and then transitioning it into a rental. This approach allows for better mortgage rates and lower initial costs. Additionally, portfolio lenders—financial institutions that retain their own mortgage loans rather than selling them—often provide flexible terms. Partnering with a local real estate expert can help identify financing options tailored to St. Pete investors.

Another potential route is acquiring distressed properties, such as foreclosures or tax sales. St. Pete neighborhoods like Historic Old Northeast and Kenwood offer unique opportunities to rehabilitate properties into profitable rentals. While these options may require upfront renovation costs, they can be more affordable entry points into the rental market.

2. Budgeting for Maintenance and Emergency Costs

Owning a rental property means being prepared for unexpected repairs. Water heaters fail, HVAC systems need servicing, and roof leaks can occur. Landlords must have reserves available to handle these costs without financial strain.

A solid rule of thumb is to have at least six months’ worth of rental expenses set aside. This includes property taxes, insurance, and routine maintenance. Being financially prepared ensures you can address emergencies promptly, maintaining tenant satisfaction and property value.

3. Maximizing Tax Benefits for St. Pete Real Estate Investors

Rental properties offer significant tax advantages. Property owners can claim depreciation on their buildings (excluding land value), reducing taxable income year by year. Additionally, mortgage interest and other property-related expenses may be deducted, providing potential tax savings.

In many cases, rental properties operate at a tax loss, allowing landlords to offset up to $25,000 per year in taxable income, provided they actively participate in managing the property and have a modified adjusted gross income (MAGI) of $100,000 or less. This deduction phases out between a MAGI of $100,000 and $150,000. However, tax laws are complex, and depreciation recapture applies when selling. Seeking guidance from a tax professional experienced in Florida real estate can help maximize these benefits.

4. Choosing High-Demand Rental Properties in St. Petersburg

Location is everything in real estate, and St. Pete offers a variety of investment-friendly neighborhoods. To secure a profitable rental, consider:

• Family-Friendly Communities: Properties in top-rated school districts, such as Shore Acres and Snell Isle, attract long-term tenants.

• Urban Appeal: The Edge District and Downtown St. Pete are hotspots for young professionals, offering strong demand for rentals.

• Waterfront and Historic Charm: Properties near the Gulf or in historic districts, like Old Southeast, command premium rental rates.

• Rental Price Ratio: Investors often use the 1% rule—seeking properties that rent for at least 1% of the purchase price. For example, a $250,000 home should generate around $2,500 per month in rent.

In addition, rental trends in St. Petersburg highlight that the average rent in Historic Kenwood is approximately $2,644 per month, a 21% decrease compared to the previous year. Meanwhile, the overall St. Pete rental market averages around $2,200 per month, which is 10% higher than the national average. These insights suggest that Historic Kenwood may offer opportunities to acquire properties at more favorable prices, with potential for appreciation as the market stabilizes. Investors should closely monitor these trends when making decisions.

5. Investing in Gulf Beach Rental Markets

The Gulf beaches of Tampa Bay, including areas like St. Pete Beach, Treasure Island, and Madeira Beach, offer excellent opportunities for investors interested in short-term and vacation rentals. These locations attract high tourist demand, particularly in peak seasons, making them ideal for Airbnb and VRBO-style rentals.

• High Occupancy Rates: The Gulf beach areas often experience strong rental demand, particularly in winter months when snowbirds flock to Florida.

• Premium Rental Pricing: Waterfront properties and beachfront condos command premium rental rates, increasing potential income.

• Regulatory Considerations: Some beach communities have specific short-term rental regulations, so investors should check local ordinances before purchasing.

• Long-Term Appreciation: Due to their desirable location, properties near the Gulf tend to appreciate steadily, making them a strong long-term investment.

6. Getting Started as a New Investor in St. Pete

For first-time investors, entering the St. Pete rental market can seem overwhelming. Here’s a step-by-step guide to getting started:

1. Research the Market: Understand rental trends, property appreciation rates, and high-demand areas.

2. Secure Financing: Determine your budget and explore financing options that fit your investment strategy.

3. Find the Right Property: Work with a local realtor to identify high-yield properties that fit your financial goals.

4. Estimate Expenses: Calculate potential costs, including mortgage, property taxes, insurance, and maintenance.

5. Consider Property Management: Decide whether to self-manage or hire a property management company to handle daily operations.

6. Monitor the Market: Stay updated on rental trends and make adjustments to maximize returns.

Final Thoughts

St. Petersburg’s real estate market presents an exciting opportunity for investors seeking to generate rental income and build long-term wealth. By securing the right financing, maintaining an emergency reserve, leveraging tax benefits, and choosing the right property, you can turn your investment into a steady source of passive income. With careful planning and local market insights, your rental property can become a valuable asset in your retirement strategy while benefiting from the vibrant and growing St. Pete rental market.

Check out my website at https://www.suncoasthome.com or contact Keyvan Kohan at 727-204-5001 with any questions.

 

The Gulf Beaches of Tampa Bay Housing Market in 2025: Predictions, Hurricane Helene, and the Impact of Entertainment

As we step into 2025, the Gulf Beaches of Tampa Bay continue to be one of Florida’s hottest real estate markets. But with economic shifts, rising insurance costs, and new investment opportunities, what should buyers and sellers expect? Let’s dive into the key trends shaping the future of this coastal paradise.

2025 Market Predictions: A Balanced Shift

The housing market in the Gulf Beaches of Tampa Bay is expected to experience moderate price growth, albeit at a slower pace than the explosive post-pandemic boom. While home values will likely continue to rise, factors such as affordability concerns, insurance rate hikes, and increasing housing inventory will keep appreciation in check.

According to real estate analysts from the Florida Association of Realtors, home prices in the region are projected to increase by 3-5% in 2025, reflecting a more sustainable growth trajectory compared to previous years. Additionally, a recent report from the National Association of Home Builders indicates that new construction permits in coastal Florida have risen by 12%, suggesting an increase in available inventory.

If mortgage rates decline, which many economists predict, buyer demand could increase as financing becomes more attractive. Beachfront and waterfront properties, particularly in St. Pete Beach, Madeira Beach, and Indian Rocks Beach, will maintain their appeal, especially among retirees, second-home buyers, and remote workers seeking a lifestyle shift.

Additionally, the short-term rental market remains a major driver of real estate investment. Tourism in St. Pete Beach, Madeira Beach, and Clearwater Beach continues to thrive, ensuring a steady demand for vacation rentals. However, potential regulatory changes regarding short-term rental policies could impact Airbnb and VRBO investors.

The Impact of Hurricane Helene: A Market Disruptor

The devastation caused by Hurricane Helene in late 2024 has created both immediate and long-term shifts in the local housing market. The storm resulted in significant property damage, leading many homeowners in flood-prone areas like St. Petersburg’s Shore Acres to list their homes for sale. This sudden increase in inventory, combined with a 32.2% decline in pending home sales, has contributed to a temporary cooling of the market.

Perhaps the biggest impact is on home insurance costs, which have surged in response to the heightened risk of extreme weather. Some homeowners have reported premium increases of up to 400%, making it more challenging for new buyers to afford properties. Consequently, some buyers are reconsidering their investments, while institutional investors—who played a key role in Florida’s real estate boom—are beginning to withdraw from the market, hinting at a possible market correction.

Entertainment and Sports: A Catalyst for Housing Demand

Tampa Bay's vibrant entertainment scene, particularly its professional sports teams, plays a crucial role in attracting new residents and investors to the area. The region is home to successful franchises like the Tampa Bay Buccaneers (NFL), the Tampa Bay Lightning (NHL), and the Tampa Bay Rays (MLB).

The success of these teams has led to increased sports tourism, which significantly boosts the local economy. The presence of professional sports teams has been linked to a 5% increase in local employment, a 20% rise in infrastructure spending, and a 10% growth in retail sales. A study conducted by the University of Florida also found that the presence of major sports teams leads to higher median home values in surrounding neighborhoods, as demand for housing rises due to employment opportunities, increased consumer spending, and enhanced local amenities.

The announcement of a new $1.3 billion stadium for the Tampa Bay Rays in St. Petersburg's Historic Gas Plant District is expected to further stimulate the housing market. The project includes plans for residential units, retail space, and other amenities, making the area more attractive to potential buyers. Additionally, the success of the Tampa Bay Lightning and Buccaneers continues to drive relocation interest, as professionals and families seek to move into a city with a thriving sports culture and strong economic foundation.

For real estate investors, properties near major sports venues often see higher rental yields and appreciation rates, as both short-term visitors and long-term residents seek proximity to these entertainment hubs. This trend further cements Tampa Bay as an appealing location for both homebuyers and real estate investors looking to capitalize on the region’s sports-driven economic growth.

What This Means for Buyers and Sellers

For buyers, 2025 may present a window of opportunity, particularly for those willing to invest in properties that require renovations or mitigation against future storm risks. However, higher insurance premiums and the unpredictability of future hurricanes necessitate a careful approach to due diligence.

For sellers, pricing strategies will be crucial. Overpriced homes may linger on the market, as buyers grow more cautious in an environment where both mortgage rates and insurance costs are key concerns. Sellers in less hurricane-prone areas or properties with strong storm-resistant features will likely have an advantage.

Looking Ahead: A Market in Transition

Looking ahead, the Gulf Beaches real estate market will remain strong, with continued interest from buyers and investors. However, adapting to insurance challenges, regulatory shifts, and evolving market conditions will be key to making the right investment choices.

At the same time, Tampa Bay’s sports and entertainment industry continues to fuel growth, drawing in new residents, businesses, and investors. The success of major sports franchises and upcoming development projects such as the new Tampa Bay Rays stadium highlight the region’s economic vibrancy.

Ready to Navigate the 2025 Market? Let’s Connect!

Navigating the Gulf Beaches real estate market in 2025 requires expert insight. Whether you’re buying, selling, or investing, I can help you make informed decisions.

📌 Visit my website for updated listings: https://www.SunCoastHome.com
📞 Call me at 727-204-5001 for a personalized consultation

Let’s make your real estate goals a reality in 2025!

 Discover the Charm, Resilience, and Real Estate of St. Pete Beach

St. Pete Beach, nestled along Florida’s Gulf Coast, is the epitome of coastal charm, vibrant activities, natural beauty, and community resilience. Whether you’re visiting, vacationing, or dreaming of calling it home, this charming beach town offers something for everyone.

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A Blend of Charm and Lifestyle

St. Pete Beach’s nostalgic old-Florida vibe welcomes visitors with colorful beachfront cottages, boutique shops, and inviting eateries. The iconic Don CeSar Hotel, also known as the “Pink Palace,” is a landmark of elegance and history, adding a touch of sophistication to this beachside town.

The Corey Avenue district is a must-visit, offering unique shops, art galleries, and a lively weekend market. Stroll along its streets for handcrafted jewelry, local artwork, or just a relaxing afternoon.

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Activities for Every Adventurer

From serene beach days to thrilling water sports, St. Pete Beach offers activities for every interest. Paddleboarding, kayaking, swimming, and parasailing are just a few of the options available in the Gulf’s calm, turquoise waters. Dolphin-watching cruises and fishing charters provide an up-close look at the area’s marine life.

For land-based adventures, explore miles of scenic bike paths or visit Upham Beach Park for volleyball, picnics, and pristine sand dunes. As the sun sets, enjoy lively tiki bars, rooftop lounges, and live music venues that bring the town to life after dark.

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Natural Beauty and Resilience

The natural beauty of St. Pete Beach is undeniable. White sandy beaches, crystal-clear waters, and breathtaking Gulf sunsets make it a coastal paradise. Nearby, Fort De Soto Park and Shell Key Preserve offer hiking trails, kayaking, and opportunities to observe local wildlife in their natural habitat.

Despite recent challenges brought by Hurricanes Helene and Milton in late 2024, the community has shown remarkable resilience. Property repairs, beach restoration, and infrastructure recovery are well underway. With waived permit fees for storm-damaged properties and strong community support, St. Pete Beach is bouncing back stronger than ever.

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Dining and Nightlife

The food and drink scene in St. Pete Beach is as vibrant as its shoreline. From casual beachfront bites to elegant dining, there’s something to satisfy every palate:

• Buoy’s Waterfront Bar & Grill: Grouper tacos and tropical cocktails with stunning water views.

• The Don CeSar’s Maritana Grille: Upscale dining with fresh, locally sourced seafood.

• Crabby Bill’s Seafood: A family-friendly favorite for crab legs and grouper sandwiches.

• Level 11 Rooftop Bar: A chic rooftop lounge offering panoramic Gulf views and craft cocktails.

• Toasted Monkey: A lively tiki bar with live music and a laid-back vibe.

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Condo Living in St. Pete Beach

For those looking to make St. Pete Beach home, the condo lifestyle offers luxury, convenience, and unbeatable views. From beachfront properties to waterfront condos along the Intracoastal Waterway, there’s a variety of options for every buyer:

• The Don CeSar Residences: Exclusive condos with access to world-class amenities, starting around $1.2 million.

• Silver Sands Beach & Racquet Club: Resort-style living with pools and tennis courts, priced from $800,000 to $1.5 million.

• Envoy Point Condominiums: Gated community with lush gardens and private beach access, ranging from $650,000 to $1.2 million.

• Beau Monde Condos: Modern Gulf-front condos with rooftop views, starting at $700,000.

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Why Choose St. Pete Beach?

St. Pete Beach offers a lifestyle that combines relaxation and vibrancy:

• Low Maintenance: Condos offer managed upkeep, ideal for busy lifestyles or second homes.

• Resort-Style Amenities: Pools, gyms, and private beach access are standard features.

• Unmatched Views: Gulf sunsets and waterfront panoramas are part of daily life.

• Community Atmosphere: Shared spaces foster strong neighborly connections.

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Explore the Latest Listings

Ready to make your dream of living in St. Pete Beach a reality? Check out the latest real estate listings at https://www.suncoasthome.com/St-Pete-Beach/.

For personalized assistance or to schedule a showing, contact me directly:

📞 727-204-5001
📧 Kkshohet@gmail.com

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A Coastal Paradise Awaits

St. Pete Beach isn’t just a destination; it’s a way of life. From stunning natural beauty and exciting activities to resilient communities and luxurious condos, this Gulf Coast gem has it all. Come for the charm, stay for the lifestyle—and maybe make it your forever home.

 

New Condos in Downtown St. Petersburg: Modern Luxury Meets Vibrant Living

Downtown St. Petersburg is booming with new condominium developments that combine modern luxury with urban convenience, making it one of Florida’s most sought-after locations. Leading the way is the Residences at 400 Central, the tallest residential tower on Florida’s Gulf Coast at 46 stories. Offering 301 luxury condos starting at $1 million, this iconic tower features breathtaking views of Tampa Bay and the Gulf, along with unparalleled amenities such as a Sky Lounge, resort-style pool, dog park, fitness center, and over 60,000 square feet of retail and dining space. Other notable projects include Saltaire, a 35-story tower with spacious residences starting at $1.2 million and a rooftop pool; Art House, a sleek 42-story tower featuring co-working spaces and contemporary finishes; and Reflection, an 18-story boutique development with a private rooftop oasis.

Living in downtown St. Pete means embracing a vibrant, walkable lifestyle. Residents enjoy proximity to award-winning restaurants, boutique shops, local markets, and cultural gems like the Dali Museum and the St. Pete Pier. Outdoor enthusiasts will love the scenic waterfront parks, biking trails, and easy access to Gulf Coast beaches. The neighborhood condos also represent a smart investment opportunity, with the city’s real estate market thriving and luxury units in high demand. Whether you're seeking a new home or an investment property, acting early during pre-construction phases can secure you better prices and customization options.

Navigating the competitive market in St. Pete can be overwhelming, but The Kohan Group is here to help. With expertise in downtown St. Petersburg, their team can guide you in finding the perfect condo that matches your needs and lifestyle. Don’t miss your chance to be part of this exciting urban transformation. With move-ins beginning as early as 2025 and limited inventory remaining, now is the time to act. Contact The Kohan Group at 727-204-5001 or visit www.SunCoastHome.com to learn more and schedule a tour.

 What’s Happening in the Florida Housing Market?

If you’ve been wondering about the Florida housing market lately, let’s look into the details! The market has shifted significantly, and it’s creating a lot of buzz for buyers and sellers alike.

Recently, I’ve been getting calls from home sellers who are frustrated with their condos or homes not selling fast enough. They’re worried about the lack of showings, extended time on the market, and more. While it’s tempting to point fingers at their current Realtor, the reality is often not the Realtor's fault at all.

The Florida housing market has transitioned into a balanced market. This means neither buyers nor sellers have an extreme advantage, although I’d argue it’s leaning slightly in favor of buyers right now. With post-hurricane uneasiness, rising interest rates the dynamics have shifted—but this also presents opportunities.

For buyers, this is a golden opportunity to break into the market! More sellers are now willing to offer repairs, rate buydowns, and even help with closing costs—something that was nearly unheard of just a couple of years ago. Additionally, with more price reductions happening than new inventory hitting the market, buyers have more room to negotiate and find a deal that works for them.

Sellers, this isn’t the market of a few years ago. Gone are the days when buyers lined up down the block to view your home. However, this doesn’t mean you can’t sell successfully. It’s important to set proper expectations, as slower foot traffic and price reductions are the new normal. The good news is that buyers in today’s market are more serious, as they now have the time to make more thoughtful decisions. 

While it’s true the market has slowed, it’s still a fantastic time to act—whether you’re buying or selling. Buyers have negotiating power and more options, while sellers can capitalize on the lack of inventory if they approach the process strategically.

If you’re wondering what’s next, let’s talk about predictions! While I don’t have a crystal ball, I’m optimistic about the opportunities that lie ahead. Whether you’re considering buying or selling, let’s make a plan that fits your goals.

Ready to talk more about the Florida housing market or my predictions for 2025? Reach out anytime!

📲 Phone: 727-204-5001
🌐 Website: www.suncoasthome.com

This could be your moment to make a move! Let’s connect today.

Keyvan Kohan

Broker/Associate