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Sunlit Shores and Sun Plaza Isles St Petersburg Florida Market Update

Saint Petersburg, Florida, May 11, 2007:

Sun Lit Shores or Sun-Lit Shores and Sun Plaza Isles are older neighborhoods in the northeast section of St Petersburg, Florida. Most of the homes were built in the late 1950s or early 1960s, so are typically smaller and with less garaging than we build today. Homes typically range from 1100 sq ft to 1700 sq ft. Most have one car garages, many have no garage – some have been converted to living space – and an occasional 2 car garage. There are both waterfront and nonwaterfront homes. There is a boat ramp for public use also. The canals are generally narrow and not very deep, and you have to go under low fixed bridges to get to Tampa Bay. There’s great fishing nearby and the neighborhood is close to both St Petersburg and Tampa, especially close to the employment centers at Carillon and Gateway.

In Sun Lit Shores or Sun-Lit Shores there are currently 8 homes on the market, 5 of them waterfront. The waterfront homes in Sun Lit Shores range from $390,000 for a 3 bedroom 2 bath 1626 sq ft home with no garage to $559,000 for a 2 bedroom 1-1/2 bath 1357 sq ft home with a 1 car garage. The non-waterfront homes range from  $200,000 for a 3 bedroom 2 bath 1143 sq ft home with a 1 car carport to $309,900 for a 3 bedroom 2-1/2 bath 1395 sq ft home with a 2 car garage and a swimming pool.  So far this year (January through April 2007) there have been 2 sales, one at $295,000 (not on the water) and one at $380,000 (waterfront). This neighborhood is sometimes referred to as Sunlit Cove.

In Sun Plaza Isles there are currently 17 homes on the market, 15 of them waterfront homes. Currently the waterfront homes in Sun Plaza Isles range from $349,900 for a 2 bedroom 2 bath 1255 sq ft home with a 1 car garage to $579,900 for a 3 bedroom 2 bath 1679 sq ft home with a 2 car garage. The non-waterfront homes range from $269,000 to $349,000. One waterfront home is currently under contract and it is listed at $508,900. So far in 2007 there has been one sale, a 3 bedroom 2 bath 1457 sq ft waterfront home with a 1 car garage that sold for $525,000.

Zip Code: 33702 

 

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