Ari AbdiTampa Bay Luxury · 1 Realty Group LLC
Luxury › Markets › Pinellas › St Petersburg
Pinellas County · City report

Luxury homes in St Petersburg

St Petersburg has 45 luxury pockets where the median closing is $1M or more: 156 closed sales in the last 6 months at a median $1.45M and $573 per square foot, with 152 on the market today. Sellers here start about 10% above what buyers actually pay in Venetian Isles, St Petersburg.

Luxury pockets
45
median $1M+
Median closing
$1.45M
156 sales · 6 months
Per square foot
$573
city luxury benchmark
For sale now
152
across all pockets

What stands out in St Petersburg

If you are selling

Sellers here start about 10% above what buyers actually pay — Venetian Isles, St Petersburg

Across 23 closed homes in Venetian Isles (St Petersburg), the median sale came in at 90% of the ORIGINAL asking price, and 74% of those sellers cut their price before they found a buyer. Median time to contract was 118 days. At this price point that opening number costs real money: the first two weeks of buyer attention are spent on a number the market has already rejected.

If you are investing

Trading 41% below the St Petersburg luxury $/sf — Davista Rev Map of, St Petersburg

Closed sales in Davista Rev Map of (St Petersburg) run $320/sf against a $543/sf benchmark for luxury single-family in St Petersburg. That gap is either a condition and finish story — which renovation capital closes — or a location the market prices differently on purpose. Which one it is decides whether this is an opportunity or a trap, and it is not answerable from a spreadsheet.

If you are selling

Sellers here start about 12% above what buyers actually pay — Davista Rev Map of, St Petersburg

Across 5 closed homes in Davista Rev Map of (St Petersburg), the median sale came in at 88% of the ORIGINAL asking price, and 40% of those sellers cut their price before they found a buyer. Median time to contract was 106 days. At this price point that opening number costs real money: the first two weeks of buyer attention are spent on a number the market has already rejected.

If you are selling

Nothing is for sale here at all — 8 sold, none listed — Snell Hamletts North Shore Add, St Petersburg

8 homes closed in Snell Hamletts North Shore Add (St Petersburg) in the last 6 months and not one is on the market today. Buyers who want this pocket have no alternatives, which is the one condition that makes a strong number stick.

If you are selling

Sellers here start about 11% above what buyers actually pay — One St Petersburg Condo, St Petersburg

Across 6 closed condos in One St Petersburg Condo (St Petersburg), the median sale came in at 89% of the ORIGINAL asking price, and 33% of those sellers cut their price before they found a buyer. Median time to contract was 98 days. At this price point that opening number costs real money: the first two weeks of buyer attention are spent on a number the market has already rejected.

If you are selling

Sellers here start about 14% above what buyers actually pay — Bayway Isles, St Petersburg

Across 4 closed homes in Bayway Isles (St Petersburg), the median sale came in at 86% of the ORIGINAL asking price, and 100% of those sellers cut their price before they found a buyer. Median time to contract was 94 days. At this price point that opening number costs real money: the first two weeks of buyer attention are spent on a number the market has already rejected.

Every luxury pocket in St Petersburg

PocketMedian$/sfSalesFor saleMonths
Venetian Isles
Single-family · Sellers here start about 10% above what buyers actually pay
$1.43M $568 23 14 3.6
400 Central
Condo · 88% of sales here went under contract within two weeks
$2.38M $1072 16 20 7.4
Davista Rev Map of
Single-family · Trading 41% below the St Petersburg luxury $/sf
$1.05M $320 5 8 9.5
Snell Hamletts North Shore Add
Single-family · Nothing is for sale here at all — 8 sold, none listed
$1.25M $587 8 0 0
One St Petersburg Condo
Condo · Sellers here start about 11% above what buyers actually pay
$2.13M $1171 6 5 4.9
Bayway Isles
Single-family · Sellers here start about 14% above what buyers actually pay
$1.66M $547 4 5 7.4
Art House
Condo · Most closings here are new construction sold by the builder
$1.79M $928 17 15 5.2
Barnard Erastus A S Rev Sub
Single-family · Median 103 days to contract — time is on the buyer's side
$1.26M $579 6 4 3.9
Saltaire Condo
Condo · Median 105 days to contract — time is on the buyer's side
$1.77M $855 4 6 8.9
Bayview Add
Single-family · About 1 month of supply — there is almost nothing to buy here
$1.5M $549 6 1 1
New England Sub
Single-family · Most closings here are new construction sold by the builder
$1.25M $423 5 2 2.4
South Cswy Isle Yacht Club Add
Single-family · Median 113 days to contract — time is on the buyer's side
$1.1M $573 3 4 7.9
Harbor Isle Unit One
Single-family · Trading 31% below the St Petersburg luxury $/sf
$1.06M $373 4 ≤1 —
Reflection St Pete
Condo · About 17.7 months of luxury inventory — buyers set the pace
$1.25M $660 2 6 17.7
Bayway Isles Unit 2 Rep
Single-family · About 17.7 months of luxury inventory — buyers set the pace
$4.85M $875 1 3 17.7
Art House Condo
Condo · About 47.3 months of luxury inventory — buyers set the pace
$1.82M $842 1 8 47.3
Broadwater
Single-family · About 8.9 months of luxury inventory — buyers set the pace
$1.77M $539 2 3 8.9
Pinellas Add To St Petersburg Fla
Single-family · About 8.9 months of luxury inventory — buyers set the pace
$1.39M $483 2 3 8.9
Clemmons Court
Single-family · About 17.7 months of luxury inventory — buyers set the pace
$1.35M $455 1 3 17.7
Cloister of Beach Drive Condo
Condo · About 11.8 months of luxury inventory — buyers set the pace
$1.3M $593 2 4 11.8
South Cswy Isle 4th Add
Single-family · About 23.7 months of luxury inventory — buyers set the pace
$1.24M $556 1 4 23.7
Snell Isle Brightwaters Sec 2
Single-family · About 23.7 months of luxury inventory — buyers set the pace
$1.04M $452 1 4 23.7
Edgewater Estates
Single-family · About 23.7 months of luxury inventory — buyers set the pace
$1M $313 1 4 23.7
Snell Isle Brightbay
Single-family
$1.8M $497 3 3 5.9
South Cswy Isle Yacht Club 2nd Add
Single-family
$1.53M $532 3 ≤1 —
South Cswy Isle Yacht Club 5th Add
Single-family
$1.45M $599 3 ≤1 —
Tropical Shores 2nd Add
Single-family
$4.14M $968 2 ≤1 —
Saltaire St Petersburg
Condo
$2.59M $1137 2 2 5.9
Tropical Shores 3rd Add
Single-family
$2M $725 2 2 5.9
Bay Colony Estates
Single-family
$1.86M $558 2 2 5.9
Condo Residences at 400 Central
Condo
$1.51M $908 2 1 3
South Davista Rev Map
Single-family
$1.1M $499 2 ≤1 —
South Cswy Isle Yacht Club 4th Add
Single-family
$1.07M $475 2 ≤1 —
Ave Twnhms
Single-family
$3.9M $589 1 ≤1 —
Eden Shores Sec 4
Single-family
$3.05M $704 1 1 5.9
Granada Terrace Add
Single-family
$2.4M $759 1 2 11.8
Vinoy Place Condo
Condo
$2M $667 1 2 11.8
Snell Isle Brightwaters
Single-family
$1.9M $476 1 2 11.8
Bay Shore Rev
Townhouse
$1.75M $632 1 1 5.9
Bay Front Sub
Single-family
$1.45M $815 1 2 11.8
Art House Condominium
Condo
$1.44M $803 1 2 11.8
Northeast Park
Single-family
$1.13M $403 1 2 11.8
Crescent Park Heights
Single-family
$1.1M $294 1 ≤1 —
Captivas at Marina Bay Condo
Condo
$1.08M $443 1 2 11.8
Riviera Bay Second Add Pt Rep Add
Single-family
$1.04M $274 1 ≤1 —

Pockets without a link had fewer than three closed sales in the window — too thin for a reliable benchmark, which is worth knowing in itself. Ask me directly about those.

What the whole market has measured

Selling
33%

of $1M+ homes listed January 2024 to October 2025 didn’t sell within a year, counting private sales.

Selling
97% → 90%

of the first price: an offer in the first 30 days, then after.

Buying
40% vs 25%

of homes in flood zone AE vs zone X didn’t sell within a year (listed since 2024).

Investing
$327/sq ft

was the typical break-even building budget on 341 lots and teardowns that became $1M+ homes since 2024.

What is actually happening with the property you are thinking about?

These pages carry market statistics, not a valuation. Tell me the property or the plan and I will put the analysis together myself.

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