Next Neighbourhoods: St Petersburg, Florida, US
Megan Lacombe of Douglas Elliman Florida, Knight Frank’s US Partner, tells us why St Petersburg Florida, also nicknamed the 'Sunshine City', is known for its resort-style feel, adventurous waterways, fishing, boating and historic parks, and is home to some notable museums, including The Dalí
01 March 2021
Why is the area up and coming?
This once sleepy Gulf Coast town now offers the best of Florida living. The city’s art, culture, fine dining, theatres and entertainment attract visitors from around the globe, while an influx of investment has seen developers building vertically with mixed-use luxury condo living, adding a new dimension to the downtown skyline.
My favourite bits
After a sunrise stroll through North Shore Park, grab a bite along Beach Drive, while taking in the expansive Gulf Coast views. At the weekend, drop by the Saturday market for local arts and crafts. Top off a perfect day with a sundowner at the Don Cesar hotel.
Who’s buying?
The typical buyer has evolved from seasonal second home purchasers to those looking for homestead residences. The Johns Hopkins Hospital and the University of South Florida have stimulated the housing economy and the area offers a refuge from new tax laws affecting homeowners in New England and New York.
What will my money buy me?
Around US$350,000 will buy a modest two to three bedroom home with scope for improvements. A nice waterfront property starts from around US$900,000.
