Hillsborough · Pinellas · $1M+ · MLS data through October 2026
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$1.485M
On the market 180 days
3 bd · 3 ba · 2,448 sq ft
Old Northeast · St Petersburg · 756 17th Avenue
Listing courtesy of RE/MAX ACTION FIRST OF FLORIDA
$3.499M
On the market 116 days
4 bd · 6 ba · 6,062 sq ft
Avila · Tampa · 702 Berrocales De Avila
Listing courtesy of LEE REALTY GROUP
$749,000
Lot · 5,375 sq ft
St Petersburg Beach Rep · St Pete Beach · 623 73rd Avenue
Listing courtesy of PINK CHAIR REALTY
$1.1M
Lot · 7,309 sq ft
Bay Point Estates · Madeira Beach · 817 Bay Point Drive
Listing courtesy of PINEYWOODS REALTY LLC
$1.15M
Lot · 9,984 sq ft
Treasure Island City Of · Treasure Island · 11855 1st Street
Listing courtesy of TREASURE ISLAND REALTY LLC
$1.1M
$343 a sq ft
6 bd · 4 ba · 3,207 sq ft
Veteran City · Gulfport · 5407 29th Avenue
Listing courtesy of CORCORAN DWELLINGS
$1.14M
$345 a sq ft
4 bd · 4 ba · 3,306 sq ft
Midtown · Tampa · 607 Matanzas Avenue
Listing courtesy of DOMAIN REALTY LLC
$1.2M
$360 a sq ft
4 bd · 3 ba · 3,334 sq ft
Davis Islands Pb10 Pg52 To 57 · Tampa · 114 Davis Boulevard
Listing courtesy of KELLER WILLIAMS SOUTH SHORE
$1.26M
Built 1923 · lot 17,494 sq ft
3 bd · 2 ba · 1,786 sq ft
Seminary Heights · St Petersburg · 774 32nd Avenue
Tampa or Pinellas? The same $1.4M buys a very different house.
4,040 square feet built in 2007 on the Tampa side. 3,200 square feet built in 1972.5 in Pinellas, usually on the water, and usually in a flood zone. Here is what millionaires trade when they choose, where sellers are in demand right now, and where building new luxury pays, from every $1M+ sale in the last year.
Buying
What a millionaire gets on each side of the bay, and the catch with each
The typical $1M+ sale was $1.4M on both sides of the bay last year. A $2 million house in Tampa is typically 4,040 sq ft, built in 2007. In Pinellas it is 3,200 sq ft, built in 1972.5, and two in three of them are on the water. Buyers pay 32% more per square foot in Pinellas for that.
Tampa sideHillsborough
PinellasSt. Pete · Clearwater · the beaches
A $1.75–2.25 million house
Size
4,040 sq ft
3,200 sq ft
Built
2007
1972.5
On the water
27%
65%
In a flood zone
37%
79%
Every $1M+ home sold in the last 12 months
Price per sq ft
$438
$580
Paid all cash
35%
53%
Days to an accepted offer
37
62
Came off the market unsold
28%
36%
Luxury condo fees, a year
$31,000
$19,700
The catch in Pinellas
Flood zones. 79% of $2 million houses sit in one, where a lender requires flood insurance. 53% of Pinellas luxury buyers paid cash.
The beach towns after Helene and Milton. $743 a square foot before the 2024 storms, $662 the year after, $679 now. Before, 37% of listings didn’t sell; since, 48%.
Older houses, slower resale. Typically built in 1979. 62 days to an offer, and 36% came off the market unsold.
The catch in Tampa
Less water. Only 1 in 4 $2 million houses is on the water.
Flood still matters. 37% of $2 million houses are in a flood zone too.
Condo fees. A luxury condo’s association fee runs a median $31,000 a year, against $19,700 in Pinellas.
What you get for it: newer (typically built 2005), more space per dollar, and 28% came off unsold against 36%.
In these neighborhoods, $1M+ homes got an offer within a month, sold close to their asking price, most listings sold, and few are for sale today. If you own here, buyers are waiting.
In demand
Vinoy Place Condo, St Petersburg
0 days to an offer
97% of asking price
2 for sale now · 7 sold last year · typical $2.6M
In demand
Waterchase, Tampa
4 days to an offer
99% of asking price
3 for sale now · 12 sold last year · typical $1.23M
In demand
Nine Eagles, Odessa
6 days to an offer
96% of asking price
1 for sale now · 7 sold last year · typical $1.19M
In demand
Tampa Palms Area, Tampa
6 days to an offer
97% of asking price
1 for sale now · 6 sold last year · typical $1.18M
In demand
Belle Harbor Condo, Clearwater Beach
7 days to an offer
95% of asking price
0 for sale now · 8 sold last year · typical $1.53M
In demand
Bayou Club Estates, Pinellas Park
16 days to an offer
95% of asking price
1 for sale now · 9 sold last year · typical $1.35M
In demand
Southland, Tampa
16 days to an offer
96% of asking price
2 for sale now · 7 sold last year · typical $1.69M
In demand
Westchase, Tampa
19 days to an offer
94% of asking price
2 for sale now · 12 sold last year · typical $1.15M
In demand
Old Memorial, Tampa
23 days to an offer
94% of asking price
0 for sale now · 6 sold last year · typical $1.68M
In demand
North New Suburb Beautiful, Tampa
25 days to an offer
94% of asking price
1 for sale now · 7 sold last year · typical $1.4M
Where selling is hard
Belleair Beach only 38% of listings sold, 32 days to an offer, 6 for sale now (12 months’ worth)
Beach Park, Tampa only 45% of listings sold, 111 days to an offer, 16 for sale now (13.7 months’ worth)
Tierra Verde only 49% of listings sold, 112 days to an offer, 22 for sale now (10.6 months’ worth)
Three Palms Point, St Pete Beach only 60% of listings sold, 93 days to an offer, 5 for sale now (10 months’ worth)
Crystal Island, Madeira Beach only 60% of listings sold, 126 days to an offer, 8 for sale now (16 months’ worth)
Cordoba Ranch, Lutz only 75% of listings sold, 97 days to an offer, 5 for sale now (10 months’ worth)
$1M+ sales in the last 12 months; neighborhoods with at least 6 sales. For comparison, across both counties homes took 37–62 days to an offer and sold for 91–94% of asking.
Neighborhoods where new $1M+ homes sold in the last two years, what they sold for, what builders paid for the lot or the old house, and how much they could have spent building per square foot and still broken even.
Neighborhood
New homes sold
Typical new home
New vs. older, per sq ft
Typical lot or teardown
Room to build, per sq ft
Venetian Isles, St Petersburg
5
$5M
+52%
$1.1M
$595
Davis Islands, Tampa
16
$2.63M
+8%
$1.12M
$436
Sunset Park, Tampa
14
$3.75M
+25%
$865k
$376
Southland, Tampa
10
$2.61M
—
$715k
$351
Bel Mar Shores, Tampa
10
$2.44M
—
$625k
$334
Maryland Manor, Tampa
10
$2.24M
+20%
$375k
$300
Bel Mar, Tampa
22
$1.76M
+7%
$573k
$297
Bayhill Estates, Tampa
6
$1.41M
—
$415k
$285
Palma Ceia Park, Tampa
8
$1.61M
+10%
$588k
$277
Beach Park, Tampa
8
$3.02M
+25%
—
—
Where it doesn’t pay: in Mirabay, Apollo Beach, new homes sold for 12% less per square foot than older ones.
“Room to build” is what the builder could have spent per square foot on everything (demolition, design, permits, construction) and still broken even when the new home sold, after buying and selling costs, before financing. Shown where 4+ rebuilds sold; “new vs. older” where 10+ older homes sold.
Since October 2025, 802 Tampa Bay homes over $1 million sat on the market 90 days or more, and sold for $325 million less than they first asked: a median $265k each. Homes priced to sell in their first month kept 97% of their asking price.
Selling
$283k apart
Same neighborhood. Same size. Same asking price.
Home Alisted $1,699,000sold $1,683,000 in 9 days
Home Blisted $1,700,000sat 151 days, sold $1,400,000
Waterfront pool homes in South Causeway Isle Yacht Club, St Petersburg, 2,600 sq ft, built 1965–1967, both sold by January 2026.
luxury homes bought and resold within two years lost money after buying and selling costs, a median $141k each.
Renting tells a different story: 73 homes leased for $10,000 or more a month last year, including an unfurnished home in Snell Isle Brightwaters, St Petersburg at $25,000 a month.
Things that made no difference to whether a luxury home sold before 2024 became some of the biggest differences since.
Flood zones. Before 2024, homes in flood zone AE sold as often as homes in zone X (26% vs 29% didn’t sell within a year). Since 2024: 40% vs 25%. More →
Waterfront. Before 2024, houses on the water sold as easily as houses a short walk away (23% vs 24%). Since 2024: 38% vs 22%. More →
Condos. Before 2024, luxury condos sold as easily as houses (21% vs 23%). Since 2024: 43% vs 33%. More →
Since the last update (September 2026)
33%didn’t sell within a year · was 33%
6.5%typical rent ÷ price · was 6.5%
55%quick resales that didn’t cover costs · was 55%
A computer price estimate lost to the plain asking price. A listing that disappears almost never sold privately. Paying cash didn’t get buyers a better price. The full list, and how we counted →