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Crescent Lake

St. Petersburg, FL

Neighborhood Market Analysis

Q3 2025 Report
$969,500 (June 2025)
Median Home Price
76 (Very walkable; errands and dining can be accomplished on foot)
Walkability Score
Public schools are rated average to above average; private options highly regarded.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by 4th St N (east), Dr. Martin Luther King Jr St N (west), 22nd Ave N (north), and 7th Ave N (south), centered around Crescent Lake Park.

Zip Codes

3370133704

Market Data Summary

Price RangeRecent sales range from $975,000 (3bd/2ba, 1,525 sqft) to $2,745,000 (2,976 sqft)
Price per Sq Ft$432 (June 2025)
Inventory LevelsLow inventory; homes sell quickly, often above asking price. Only 13 homes sold in recent months[5].

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric bungalowsCraftsman homesOccasional duplexes

Architectural Styles

1920s-1940s CraftsmanMediterranean RevivalColonial RevivalContemporary renovations

Property Details

Typical Lot Sizes0.12–0.20 acres (5,000–8,500 sqft)
Home Age RangeMost homes built 1920–1940; some newer infill and renovations
Construction QualityGenerally high, with many homes restored or updated; historic charm preserved.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, families, and retirees; highly educated, with strong community involvement.

Community Vibe

Active, walkable, pet-friendly, and social; neighborhood events and strong pride of place.

Typical Residents

  • Young professionals
  • Families with children
  • Retirees
  • Remote workers

Family Friendly

Very family-friendly; proximity to Crescent Lake Park, playgrounds, and dog park.

Amenities & Lifestyle

Parks & Recreation

  • • Crescent Lake Park (68-acre park with walking trails, tennis courts, dog park, playground)

Dining Options

  • • Harvey’s 4th Street Grill
  • • Trip’s Diner
  • • The Bier Boutique

Shopping Centers

  • • 4th Street retail corridor
  • • Nearby Publix and Trader Joe’s

Local Businesses

  • • Black Crow Coffee
  • • Harvey’s 4th Street Grill
  • • Local boutiques and salons

Education & Schools

Public schools are rated average to above average; private options highly regarded.
Overall School Rating

Elementary Schools

  • • Johns Hopkins Middle School (zoned)
  • • North Shore Elementary (nearby)

Middle Schools

  • • Johns Hopkins Middle School

High Schools

  • • St. Petersburg High School

Private Schools

  • • Canterbury School of Florida
  • • Shorecrest Preparatory School

Transportation & Accessibility

Transit & Roads

Public Transit

  • • PSTA bus routes along 4th St N and Dr. MLK Jr St N

Major Roads

  • • 4th St N
  • • Dr. Martin Luther King Jr St N
  • • 22nd Ave N

Commute & Walkability

Commute Times5–10 minutes to downtown St. Pete; 25–30 minutes to Tampa International Airport.
WalkabilityHigh; most errands, dining, and recreation accessible on foot.
ParkingMostly off-street and driveway parking; some homes have garages, but street parking can be limited during events.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Families
  • Retirees
  • Remote workers

Key Selling Points

  • Proximity to Crescent Lake Park
  • Historic architecture
  • Walkability to dining and retail
  • Strong community vibe

Pricing Considerations

Price competitively given rapid appreciation, but expect buyers to pay premium for move-in-ready and updated homes.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Highlight recent renovations, updated systems, and availability of local contractors specializing in historic properties.

Objection: Limited inventory and high prices.

Response Strategy:

Emphasize long-term appreciation, community stability, and unique lifestyle benefits.

Objection: Parking can be tight during events.

Response Strategy:

Point out off-street parking options and walkability to amenities, reducing need for daily driving.

Investment Insights

Investment Potential

Appreciation Potential

Strong, with 27.6% YoY price growth; historic homes and proximity to downtown drive demand[1].

Rental Demand

High, especially for renovated homes and those near the park; popular with professionals and families.

Buyer Competition

Intense; multiple offers common, especially for move-in-ready or historic homes.

Best For

  • Owner-occupants seeking walkability and charm
  • Investors targeting high-end rentals
  • Buyers valuing historic character

Potential Concerns

  • High entry price
  • Limited inventory
  • Older homes may require maintenance

Professional Recommendations

1

Educate buyers on historic home ownership and maintenance.

2

Leverage professional photography and staging to highlight unique features.

3

Network with local contractors and preservationists for renovation insights.

4

Host open houses during neighborhood events to showcase community vibe.

5

Monitor inventory closely and prepare buyers for competitive offer situations.

Competitive Analysis

Comparable Markets

  • Old Northeast
  • Kenwood
  • Historic Uptown

Market Positioning

Premium historic neighborhood with strong community, walkability, and park access.

Competitive Advantages

  • Larger park and green space
  • More affordable than Old Northeast but with similar charm
  • Closer to downtown than Kenwood

Price Comparison

Median price ($969,500) is higher than city average ($359,270), but lower than Old Northeast; offers better value than some coastal neighborhoods[1][3].

Investment Metrics

3.5–4.5% for long-term rentals (2025 est.)
Cap Rates
4–5% gross yield for updated homes
Rental Yields
High (indicative of strong owner-occupant demand, but rental demand remains robust)
Price-to-Rent
Positive for high-end rentals, especially short-term or executive rentals near downtown.
Cash Flow
Continued above-average appreciation expected due to location, amenities, and historic appeal.
Appreciation

Buyer Journey Insights

First-Time Buyers

May face affordability challenges, but benefit from walkability and community support.

Move-Up Buyers

Attracted by larger historic homes, park access, and proximity to downtown.

Downsizers

Value single-story bungalows and low-maintenance lots; strong sense of community.

Investors

Target renovated homes for premium rentals; short-term rental restrictions should be reviewed.

Relocators

Drawn by lifestyle, amenities, and access to downtown and beaches.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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