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Broadwater Waterfront Home Sales

Three waterfront home sales in June brought the total for 2013 to 12 waterfront sales so far this year in Broadwater, a desirable waterfront neighborhood in southwest St Petersburg on Boca Ciega Bay. Included in these was one on the open bay that sold for $720,000, the highest sale so far this year. Sales have ranged from $285,000 for a 2 bedroom fixer-upper to $720,000. The average price is $465,667, up 3.7% from last year's average price. There are currently six waterfront homes on the market ranging from $369,000 to $2,600,000.

Five non-waterfront homes in Broadwater have sold this year ranging from $192,500 to $310,500 with an average of $251,800.



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St Petersburg: Broadwater waterfront neighborhood

Broadwater waterfront in St Petersburg

 St Petersburg is a wonderful waterfront community. We have great water views from downtown, marinas that surround the peninsula, and many desirable waterfront communities. This photo is of Broadwater, a neighborhood in southwest St Petersburg on Boca Ciega Bay. Many of the properties offer deep water for sailboats. There are dozens of nearby restaurants that have docks so that you can boat for lunch, dock your boat, and cruise back. 


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Buying a house on sailboat water

 Are you buying a house on sailboat water? Sailboat water can mean different things to different people and you should definitely have certain things verified before completing a purchase. The most obvious qualifications are water depth (determined both by your keel and the tides at various times of the year) and whether there are any fixed bridges between your home and the bay or gulf. You may also want to determine how frequently a drawbridge opens and whether any bridge construction is planned.

Does the property have tie poles? Are they sufficient for the beam of your boat? If not, can they be moved or installed? 

You may want to insert a clause in your offer that during the 10 day inspection period the property is also subject to your determining the water depth, the ability to install tie poles where needed, etc. 

Be sure to choose an agent who knows waterfront and who’ll be able to help you ask the right questions.

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