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Old Northeast (Historic Old Northeast)

St. Petersburg, FL

Neighborhood Market Analysis

Q3 2025 Report
$524,500 (Redfin, May 2025); Zillow ZHVI: $1,033,612 (June 2025)
Median Home Price
74 (Very walkable; most errands can be accomplished on foot)
Walkability Score
Generally above average for public schools; strong reputation for private options.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by 5th Ave N (south), 30th Ave N (north), 4th St N (west), and Tampa Bay (east).

Zip Codes

3370133704

Market Data Summary

Price RangeCondos/townhomes from mid-$300Ks; single-family homes from $600K to $2M+
Price per Sq Ft$433 (May 2025, up 5.6% YoY)
Inventory LevelsLow to moderate; slight increase in listings YoY but still below pre-pandemic norms[4].

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric bungalowsMansionsTownhomesCondos

Architectural Styles

Craftsman bungalowMediterranean RevivalColonial RevivalSpanish EclecticMid-century modern

Property Details

Typical Lot Sizes0.15 to 0.25 acres (some larger historic lots)
Home Age Range1910s–1940s (historic core); some infill/newer construction
Construction QualityGenerally high; many homes restored/updated, but some require renovation due to age.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of established professionals, retirees, young families, and artists; higher median income than city average.

Community Vibe

Historic, eclectic, artsy, and engaged; strong neighborhood association and active community calendar.

Typical Residents

  • Professionals
  • Retirees
  • Young families
  • Artists/creatives

Family Friendly

Very; walkable, parks, playgrounds, and family events.

Amenities & Lifestyle

Parks & Recreation

  • • North Shore Park (waterfront, pool, tennis, dog park)
  • • Coffee Pot Bayou
  • • Vinoy Park

Dining Options

  • • Upscale restaurants
  • • Trendy cafés
  • • Local bakeries
  • • Casual eateries

Shopping Centers

  • • 4th Street corridor
  • • Downtown St. Pete shops

Local Businesses

  • • Boutique shops
  • • Cafés
  • • Art galleries
  • • Yoga studios

Education & Schools

Generally above average for public schools; strong reputation for private options.
Overall School Rating

Elementary Schools

  • • North Shore Elementary

Middle Schools

  • • John Hopkins Middle

High Schools

  • • St. Petersburg High School

Private Schools

  • • Shorecrest Preparatory School
  • • Canterbury School of Florida

Transportation & Accessibility

Transit & Roads

Public Transit

  • • PSTA bus lines
  • • Downtown Looper trolley

Major Roads

  • • 4th St N
  • • 5th Ave N
  • • I-275 (via short drive)

Commute & Walkability

Commute Times5–10 minutes to downtown St. Pete; 25–35 minutes to Tampa International Airport.
WalkabilityHigh; bike-friendly and pedestrian-oriented.
ParkingOn-street and off-street; can be tight during events or peak hours.

Marketing Intelligence

Target Buyer Types

  • Affluent professionals
  • Retirees
  • Young families
  • Remote workers
  • Investors

Key Selling Points

  • Historic architecture
  • Walkability to downtown and waterfront
  • Strong community identity
  • Proximity to parks and dining

Pricing Considerations

Price competitively for condition and updates; premium for renovated historic homes and proximity to waterfront.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Highlight recent renovations, inspection reports, and available renovation loans.

Objection: Flood risk and insurance costs.

Response Strategy:

Provide flood zone maps, insurance quotes, and mitigation strategies.

Objection: Higher price point than other St. Pete neighborhoods.

Response Strategy:

Emphasize long-term appreciation, unique character, and lifestyle value.

Objection: Parking challenges during events.

Response Strategy:

Showcase available off-street parking and walkability to amenities.

Investment Insights

Investment Potential

Appreciation Potential

Strong long-term due to historic character and location; recent YoY price growth of 6%[1].

Rental Demand

High, especially for renovated homes and condos; strong short-term rental market.

Buyer Competition

Moderate; more balanced than 2021–2022, but quality homes still attract multiple offers.

Best For

  • Owner-occupants seeking walkable, historic lifestyle
  • Investors targeting premium rentals
  • Buyers seeking long-term appreciation

Potential Concerns

  • Flood insurance costs
  • Older home maintenance
  • Higher price point vs. city average

Professional Recommendations

1

Leverage historic and lifestyle storytelling in marketing.

2

Network with local businesses and community groups for referrals.

3

Stay current on flood zone changes and insurance requirements.

4

Educate buyers on renovation incentives and historic tax credits.

5

Stage homes to maximize curb appeal and highlight unique features.

6

Monitor inventory closely and price aggressively for homes needing updates.

Competitive Analysis

Comparable Markets

  • Snell Isle
  • Kenwood
  • Crescent Lake

Market Positioning

Premium historic neighborhood with urban lifestyle appeal.

Competitive Advantages

  • Historic character
  • Superior walkability
  • Waterfront access
  • Proximity to downtown

Price Comparison

Old Northeast commands a 10–30% premium over most St. Pete neighborhoods, but less than Snell Isle waterfront homes.

Investment Metrics

3–4% for long-term rentals; higher for short-term/seasonal rentals (5–6%)
Cap Rates
Gross yields 4–5% typical for updated properties
Rental Yields
High (reflects premium location and demand)
Price-to-Rent
Positive for well-managed short-term rentals; break-even or modest for long-term rentals at current prices
Cash Flow
4–6% annualized over next 3–5 years barring major economic shifts
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to higher price point; best suited for those with strong down payment or family assistance.

Move-Up Buyers

Ideal for buyers seeking more space, character, and walkability.

Downsizers

Attractive for those seeking low-maintenance condos or historic charm in a walkable setting.

Investors

Strong short-term rental potential; long-term appreciation likely but cash flow tight on high-end homes.

Relocators

Popular with out-of-state buyers seeking lifestyle, amenities, and urban convenience.

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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