The luxury waterfront real estate market has been hot. Not only is inventory scarce, but when something does come onto the market it doesn’t last very long.
If you are shopping for a luxury waterfront home in Pinellas County you’ll need to plan for a price tag of at least $1.5m to get a (somewhat) move-in ready home with any water access. If you want deep water or high end luxury you should double that.
Luxury Waterfront Home Market Statistics
Currently there are 89 pending sales and 294 sales that closed in the last 6 months
Median Days on Market: 8 (Pending: 9dom, Closed: 8dom)
Median ASKING Price per Square foot: $587 (Pending: $636, Closed: $577)
Median SOLD Price per Square foot: $574
Median List to Sell Ratio: 97.4%
75 sales closed above 100% of asking, 49 closed at 100% of asking price, and 170 closed below asking.
Homes Available for Sale
If you are shopping for a waterfront home in Pinellas county reach out to me and I will help you with your search.
At the moment there are 87 homes for sale between $1M to $2M, 35 homes up to $3M, 18 homes upto $4M, and just 22 available above $4 million dollars.