An increasing number of adults in their 50s and 60s and older are giving up their longtime homes and heading for trendy condos. The invasion of older, moneyed buyers has created a gold rush for condos and luxury townhomes in St. Petersburg.
According to the American Housing Survey 9.6% of households 55 and older in central cities lived in condos in 2011, the last year for which figures are available, up from 7.3% in 2005. That’s despite the negligible growth in the supply of condos over that same period.
Fueling the shift is a change in the way cities themselves are perceived. In a 2011 National Association of Realtors poll, 19% of Americans said they wanted to live in a city, up from 13% in 2004. Many cities have become safer and cleaner, and as baby boomers retire later, they want to be downtown where they can often walk to work.
The attraction to downtown St. Petersburg is undeniable. More and more people want to enjoy the offerings of the reimagined retail venue of Sundial, the numerous restaurants, museums, art galleries and entertainment outlets as well as the natural beauty of the city’s waterfront parks.
Listed below are some of the projects that are available. Contact the Mesimer Team for a personal tour at 727-686-2859.
- 6th Avenue Townhomes
- 400 Beach Drive
- 475 Condos
- 1010 Central
- Bayfront Towers
- Casablanca Towers
- The Cloisters
- Townhomes on 4th Avenue
- Florencia Condos
- Ovation
- The Arlington
- The Hermitage
- The Salvador
- Rowland Place
- Bliss
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