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On the move again......

1/24/2017

Click on the link to watch the video: On the move again.....

For better or worse, St. Petersburg is on the move again. Some may say that the Burg is experiencing the revitalization and vibrancy of growth seen in the Miami-South Beach Renaissance of the 1990’s. St. Petersburg has a long reputation of being a physically and emotionally healing destination.  Once known as “God’s waiting room” but now no longer, the Sunshine City has seen a significant decrease in the median age demographic over the past decade from an average age of 65 years to 43 years. This renewed vibrancy brings an expanding art and artist community, the exuberance of the hipster subculture and many new business opportunities including the Cross Bay Ferry that create greater appeal of this quaint city.

 

With a meager population of 250,000 residents and bounded by water on three sides, St. Petersburg is projected to have a steady rise in the population over the next decade. Home values have not fully recovered from the pre-recession time period making reasonable real estate investments still possible. However, in answer to the ever growing need for housing in an already tight environment with only 2.5 months of reserves consistently present month over month for the past couple of years, the city has begun a massive plan to take the city upward, both literally and figuratively, with the addition of multiple downtown high-rise condominium buildings. Mayor Rick Kriseman states that as many as 10,000 new housing units may be available over the next few years. As such and due to its close proximity both to downtown and the water, the Old Northeast should expect to see continued and sustainable increases in property values as well as rents over the next several years.

History of the Historic Old Northeast Neighborhood

1/24/2017

Click the link to watch the video:  History of Historic Old Northeast Neighborhood

“New England style with tropical sensibility” is how the New York Times described the Historic Old Northeast Neighborhood in 2007. Touted as the first residential neighborhood in St. Petersburg, the Old Northeast was developed by Perry Snell and J.C. Hamlett in 1911 from 600 acres of farmland and wilderness north of the growing downtown area.  With the building boom of the early 1900s, the Old Northeast incorporated many architectural styles including Queen Anne, Victorian, Colonial Revival, Spanish Eclectic, Craftsman Bungalow, Prairie, and Mediterranean Revival. Most of the neighborhood building was completed by the 1950’s and 60’s but the majority of the homes especially in the southern portion of the neighborhood were built in the 1920’s and 30’s. Today many of those architectural styles peak out from the canopy of the mature foliage as one turns any corner of the brick-lined neighborhood streets that are ubiquitous in the Old Northeast. 

 

Florida’s west coast typically attracts Midwestern buyers but over the years the Old Northeast Neighborhood has appealed more and more to buyers from the Northeastern seaboard states. A large neighborhood bounded by 5th Avenue North/Northeast to the south, 4th Street North to the west, 30th Avenue North/Northeast to the north, and Coffee Pot Bayou to the east is home to approximately 10,000 residents in 4,000-5,000 residential households. History, architecture and a quiet lifestyle converge in this pocket of the Burg. Strolling through this unique neighborhood is a must do when visiting St. Petersburg. Manatee may often be seen feeding in the shallow waters of Coffee Pot Bayou and porpoises can be seen in Tampa Bay. The Old Northeast boasts the classic Florida outdoor lifestyle with a large public pool, tennis courts, baseball field, bike trails, parks/sidewalks, and a white sand beach.

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