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Discover The Pink Streets In St Petersburg Florida
Dated: November 15 2022
Discover The Pink Streets In St. Petersburg, Florida
Looking for a unique neighborhood in St Petersburg, FL to invest in? You'll love this area of St. Pete's Greater Pinellas Point neighborhood, known as "The Pink Streets." Picture, lush tropical landscape, a collage of 1920s charm, mid-century and Spanish revival homes, all nestled on winding pink concrete streets quietly hidden along the Tampa Bay waterfront.
This neighborhood is located at the southernmost tip of Pinellas County and bordered by Pinellas Point Drive to the North, Tampa Bay to the south, 10th Street S to the east, and 21st Street S to the west. Waterfront homeowners in this area enjoy panoramic views of Tampa Bay and the Skyway Bridge, plus the proximity to I-275, the beaches, and downtown St. Petersburg.
A Little History on the Pink Streets:
The picturesque development of the Pink Streets began in 1925 until the Great Depression suspended the project. The under-developed neighborhood that consisted of only 17 homes in 1930 was later purchased in the 1940s, and the land was sold over time to developers. This subsequent building gap led to a broad range of styles that can only be described as unique and delightful.
The woman responsible for the original development of the Pink Streets was Katherine Bell Tippets. She was known as a businesswoman, club woman, politician, writer, and conservationist. Her contributions included being the founder and president of the St. Petersburg chapter of the National Audubon Society. She contributed to the establishment of wildlife sanctuaries in Florida and the passage of the Migratory Bird Act of 1913. She formed the Florida Fish and Game Commission and also organized the city's first Boy Scout troop. She was vice president of the Crippled Children's Guild, and in that role helped to found a children's hospital in 1926. Notably, Tippetts became one of the first of two women to run for a Florida legislature seat. The beautiful waterfront park in Greater Pinellas Point is named in her honor, the Katherine B. Tippetts Park.
Things To Do:
If you're a wildlife or boating enthusiast, you'll love the abundance of outdoor adventure opportunities surrounding this area. Fort Se Soto Park, which is popular among residents and visitors, features beautiful campgrounds, a 3 mile stretch of white sandy beaches, a historic fort for the kids to explore, a boat ramp/kayak launch, and a popular dog beach! If you're an angler, then you'll love the world's longest fishing pier located at the Skyway Fishing Pier State Park. Common catches in this fishing area include snook, grouper, Spanish mackerel, cobia, sheepshead, red snapper, and many more! If you're more of a landlubber, then you'll enjoy the shady tropical forest and 6 miles of trails and boardwalks through the Boyd Hill Nature Preserve on Lake Maggiore. There's truly something for everyone here!
When it comes to dining, there is no shortage of fabulous places to try around this community. While the "Pink Streets" neighborhood is set back from the bustling downtown St. Pete area, there are still plenty of restaurants just a short drive away. For breakfast, check out this legendary luncheonette featured on the Food Network's Diners, Drive-Ins, and Dives- Munch's Restaurant & Sundries. Want to watch planes take off and land while you eat your pancakes? Try The Hangar Restaurant & Flight Lounge. Looking for a secret garden atmosphere that serves High Tea and Hamburgers? Then you will absolutely want to try The Chattaway (cash only, but has an ATM on-site if needed). Feeling a little swanky and in the mood for a great wine list and unique dining experience? The Library - inspired by the George Peabody Library is a must! (Be sure to check out their weekly specials HERE)
Why Home Buyers Invest Their Real Estate Dollars Here:
On average, only 20 homes per year sell in the "Pink Streets" area of Pinellas Point. Homes in this neighborhood have proven to be an excellent real estate investment, with the average single-family home selling for just over $1 million in 2022 vs. $476,000 in 2019. This area's popularity is growing, evident by the fact that in the past 12 months, the average home has gone under contract in just 20 days.
Homes in this area are available in a variety of price ranges, ranging from the mid to high $400's for a block construction rancher on the interior streets to just shy of $3.5 million for a grand waterfront estate on the 'Point' with panoramic views of Tampa Bay and the Skyway Bridge. As of this article's publication date, there were only 4 homes for sale in this neighborhood, ranging in price from $508k to $1,850,000. Investors who are set on buying homes in this area should be ready to move fast and to pay a price that's close to the listing price when homes come up for sale here, as the average seller is currently getting about 98% of the original list price for their homes. In terms of land, the lots here tend to be larger than the standard lot in other historic neighborhoods near downtown St. Pete, meaning home buyers have the opportunity to snap up homes with large backyards and lots of outdoor space to enjoy.
When it comes to short-term rentals, the Pink Streets of Greater Pinellas Point follow the City of St. Pete's guidelines for short-term rentals, which means "for residential properties within the City of St. Petersburg, short-term rentals (duration of less than 30 days) may only be rented a maximum of three times within any consecutive 365-day period. Short-term rentals exceeding this allowance must be operating as a licensed hotel/motel or located within an approved Resort Facilities Overlay district." See further details HERE on the Pinellas Realtor website, which has compiled a handy list of short-term rental regulations for each city in Pinellas County, FL.
Over time, we expect this area to continue to experience steady growth in home prices and rental prices as more buyers head to the St Petersburg area in 2023. If you're looking for an 'off the radar' area of St. Pete that we expect to grow in value and popularity in the long run, then this might just be the perfect spot for you to check out during your home search!
If you're interested in investing in real estate in the Pink Streets Neighborhood of St. Petersburg, don't hesitate to reach out to us at The Sandy Hartmann Group. Use our FREE website to search available properties from the MLS, set up new listing alerts, check out comparable neighborhoods close to Downtown St. Pete, and so much more! We've been selling paradise in Tampa Bay for over 30 years and have the expertise you need to meet all your real estate goals. Be sure to give us a call with any additional questions you may have about investing or living in Greater Pinellas Point today! (727) 400-3315
Mary Frances has over 22 years of experience working exclusively as a Buyer's Agent in Pinellas County, FL, and the Greater Tampa Bay area. She has a comprehensive understanding of the Pinellas County....
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