St Petersburg Beaches Market June 24-28

St Petersburg Beaches Market June 24-28 cover picture shows the beach with a palm tree.

St Petersburg Beaches Market June 24-28: A Week of Remarkable Sales

As a seasoned realtor with Avalon Group Realty in St. Petersburg, FL, I’m excited to share the latest developments in our vibrant Pinellas Beaches real estate market. The week of June 24-28 saw an impressive array of property sales across St. Pete Beach, Treasure Island, Madeira Beach, and Gulfport, reflecting the enduring appeal of our coastal communities.

St Petersburg Beaches Market June 24-28:  Luxury Living on St. Pete Beach

St. Pete Beach continues to be a hotspot for luxury real estate, with several high-end properties changing hands. The crown jewel of this week’s transactions was undoubtedly the stunning residence at 2741 E. Vina Del Mar Blvd. This spacious 3,192 square foot home, boasting 3 bedrooms and 4 bathrooms, commanded an impressive $3.035 million, slightly below its initial listing price of $3.34 million.

Aaron Hunt, Broker of Avalon Group Realty, commented on this sale: “The transaction at Vina Del Mar Boulevard exemplifies the robust demand for luxury waterfront properties in St. Pete Beach. Despite a slight adjustment from the listing price, the final sale figure demonstrates the enduring value of prime coastal real estate in our area.”

Mid-Range Market Momentum

In addition to the luxury segment, the mid-range market on St. Pete Beach showed considerable activity. Notable sales included a charming 3-bedroom home on S. Isle Dr., which sold for $1.64 million, and a spacious condo at 5301 Gulf Blvd., fetching $1.6 million.

Yvette Kim, another top-performing realtor at Avalon Group Realty, shared her insights: “The mid-range market in St. Pete Beach remains incredibly active. Buyers are drawn to the area’s unique blend of beach lifestyle and community charm, often leading to quick sales and competitive offers.”

Treasure Island: A Treasure Trove of Sales

Moving north to Treasure Island, we witnessed an equally impressive week of real estate transactions. The standout sale was an expansive 6-bedroom, 4.5-bathroom residence at 8670 W. Gulf Blvd., which sold for a whopping $4 million. This sale underscores Treasure Island’s appeal to luxury buyers seeking spacious, high-end properties.

Furthermore, the island saw a flurry of activity in the $1-2 million range, with multiple properties changing hands. Of particular note was the sale of a waterfront home at 10074 S. Yacht Club Dr., which closed at $1.95 million.

Madeira Beach and Gulfport: Diverse Options for Buyers

While Madeira Beach had fewer transactions this week, it still saw significant activity, including the sale of a newly built condo for $1,157,350. This sale highlights the ongoing demand for modern, turnkey properties in the area.

Gulfport, known for its artistic community and charming waterfront, also contributed to the week’s real estate success. The sale of a substantial four-bedroom home in the prestigious Pasadena Yacht & Golf Club for $1.175 million showcases the diverse options available to buyers in our region.

St Petersburg Beaches Market June 24-28:  Market Trends and Outlook

As we analyze this week’s sales data, several trends become apparent:

  1. Continued Strength in Luxury Market: High-end properties continue to attract buyers, with multiple sales exceeding the $1 million mark across all communities.
  2. Varied Price Points: From condos under $300,000 to multi-million dollar estates, our market caters to a wide range of buyers and budgets.
  3. Waterfront Premium: Properties with water views or access consistently command higher prices, reflecting the enduring appeal of coastal living.
  4. New Construction Demand: The sale of recently built properties, like the 2022 condo in Madeira Beach, indicates strong interest in modern, move-in ready homes.

Pam Amante, another experienced realtor with our team, offers her perspective on the market outlook: “While we’re seeing some price adjustments, particularly in the luxury segment, overall demand remains strong. Buyers are drawn to the unique lifestyle our beaches offer, and this continues to drive our market forward.”

Advice for Buyers and Sellers

For potential buyers, this market presents both opportunities and challenges. While there’s still competition for desirable properties, we’re seeing more room for negotiation, particularly at higher price points. It’s crucial to work with an experienced local realtor who can guide you through the nuances of each community and help you find the perfect property at the right price.

Sellers should be aware that while the market remains strong, accurate pricing is key. Properties that are priced in line with current market conditions are still selling quickly and often at or near asking price.

In conclusion, the Pinellas Beaches real estate market continues to demonstrate its resilience and appeal. From luxury beachfront estates to charming condos, our diverse range of properties continues to attract buyers from across the country and beyond. As always, we at Avalon Group Realty are here to assist you with all your real estate needs in this dynamic and exciting market.

St Petersburg Beaches Market June 24-28:  The Hidden Gems of Pinellas Beaches Real Estate

While luxury properties often steal the spotlight, our recent sales data reveals some intriguing opportunities in what we might call the “hidden gems” of the Pinellas Beaches real estate market. Let’s explore some of these lesser-known but equally attractive segments.

Affordable Beachside Living

Contrary to popular belief, beachside living in Pinellas County isn’t exclusively for millionaires. This week’s sales data revealed several properties that offer the beach lifestyle at more accessible price points:

  • In St. Pete Beach, a 2-bedroom condo at 8911 Blind Pass Road sold for $310,000, offering a budget-friendly entry into this sought-after community.
  • Treasure Island saw the sale of a 3-bedroom townhouse for $420,000, proving that multi-bedroom properties near the beach can still be found at reasonable prices.

Aaron Hunt of Avalon Group Realty comments, “These more affordable properties are often overlooked, but they represent excellent opportunities for first-time buyers or those looking for vacation homes without breaking the bank.”

The Charm of Older Homes

While new construction has its appeal, many buyers are drawn to the character and potential of older homes. This week’s sales included several such properties:

  • A 1928-built home in Treasure Island sold for $585,000, showcasing the enduring appeal of historic properties.
  • In Gulfport, a 1950 home in the Marina area fetched $630,000, demonstrating that mid-century homes continue to attract buyers.

Yvette Kim notes, “Older homes often sit on larger lots and offer unique architectural details. Many buyers see these properties as opportunities to own a piece of local history while adding their own modern touches.”

Investment Opportunities

For those looking at real estate as an investment, several properties sold this week offer intriguing possibilities:

  • A 952 square foot condo in Madeira Beach, built in 1949, sold for $540,000. Such properties can be attractive for vacation rentals or as long-term investment assets.
  • In Gulfport, a small 696 square foot home sold for $340,000, potentially offering a more affordable entry point for investors.

The Rise of Condo Living

Condos continue to be a significant part of our local real estate landscape, offering low-maintenance living and often desirable locations:

  • The sale of a newly built condo in Madeira Beach for over $1.1 million demonstrates the high-end of this market.
  • At the other end of the spectrum, a condo in Gulfport’s Town Shores development sold for $260,000, showcasing the range of options available.

Pam Amante observes, “Condo living is increasingly popular, especially among retirees and part-time residents. The combination of amenities, location, and lock-and-leave convenience is very appealing.”

In conclusion, while the luxury market often captures the headlines, the Pinellas Beaches real estate market offers a diverse range of options to suit various budgets and preferences. From affordable beachside condos to charming older homes and promising investment properties, there’s truly something for everyone in our vibrant coastal communities.

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Rob Johnson
Realtor, St. Petersburg FL