Downtown St. Pete

A thriving, walkable core with an arts scene, restaurants, the redeveloped Pier, and the $1.3B Rays stadium and Historic Gas Plant District redevelopment underway, drawing young professionals.

Condo-heavy with HOA costs (and Florida condo-assessment reform to verify), premium pricing, and flood exposure in pockets. Underwrite insurance and HOA carefully. Roughly 45% of St. Petersburg properties carry severe 30-year flood risk, and insurance is the top deterrent for out-of-state buyers - verify the FEMA zone, get an elevation certificate, and quote flood-plus-wind insurance before offering.

Appreciation buyers comfortable with condo product who want exposure to the downtown redevelopment story.