New homes & pre-construction in St. Petersburg
10 active developments in St. Petersburg, Florida — get pricing, floor plans, and first access before the public.
St. Petersburg currently has 8 active new-construction developments on the platform, with starting prices running from $544,500 to $2,500,000. Five of those are condo projects, so the market here is mostly vertical living rather than detached homes or townhomes.
The spread in pricing is wide. Entry points sit in the mid-$500,000s, while the top of the range reaches $2,500,000. Sample projects include The Residences at 400 Central, Marinova at Coquina Key, Waldorf Astoria Residences St. Petersburg, COREY AVENUE, Azalea Cay and Roche Bobois Residences. The names alone show a mix of downtown towers, branded residences and waterfront-oriented communities.
Active builders include Kolter Urban, Red Apple Group, Bayline Group, Property Markets Group (PMG), Metro Development Group (Metro Living), Valor Real Estate Development, and Greystar in partnership with Griffin Capital. Buying new in St. Petersburg means comparing projects that differ a lot in scale, brand and price, so it pays to look at each one's floor plans, deposit schedule and completion timeline individually.
Elan Gateway
Pridgen Development, LLC
Lealman Heights
Habitat for Humanity Tampa Bay Gulfside
From $240,000
DTSP Townhomes
WJ Developers
Azalea Cay
Metro Development Group
Marinova at Coquina Key
Bayline Group
The Henry at Whitney Village
Greystar
Roche Bobois Residences
Valor Real Estate Development
From $544,500
Waldorf Astoria Residences St. Petersburg
Property Markets Group
From $2.5M
The Residences at 400 Central
Red Apple Group
From the $900s
Art House
Kolter Urban
From $1M
Builders active in St. Petersburg
Buying new construction in St. Petersburg
How buying pre-construction works in St. Petersburg
Most buyers start by registering interest in a project. That typically gets you early access to pricing and available units. After you select a unit and sign the purchase contract, you pay deposits in stages according to the builder's schedule.
When the building is substantially complete, you close and take title. Some projects use a short interim period before final closing, depending on the contract. For new condos in Florida, buyers have a 15-day rescission period under FS 718.503, which applies to condos only. Have a lawyer review the contract and the condo documents within that window.
For investors: what matters in St. Petersburg
Pre-construction condos let a buyer secure a unit with a staged deposit rather than the full price, then close when the building is complete. That ties up less cash up front, but you remain committed to closing, and the value and financing conditions at completion may differ from those at signing. Nothing about this structure guarantees a gain.
Before buying, look at how many comparable units are being delivered nearby, how quickly similar buildings have sold or leased, and what rents look like for the unit type you are considering. Also check the HOA fees, any rental restrictions in the condo documents, the developer's track record, and whether the price at the high end of this range is supported by comparable resales. Speak with a licensed advisor about your own situation.
For first-time buyers
Condo deposits are usually paid in stages, so first-time buyers should plan for more than just a down payment at signing. Ask each builder for the exact schedule, plus closing costs and the HOA fees. Lenders typically want to see approval and funds in place close to completion, which can be many months after you sign.
Florida has well-known assistance options, such as down payment help through the Florida Housing Finance Corporation, but eligibility and availability vary and may not apply to every new project. Registering early gives you first access to floor plans, pricing and unit selection before wider release, and it gives you time to confirm what you qualify for.
St. Petersburg new-construction: common questions
How many new construction developments are in St. Petersburg?
There are 8 active developments on the platform. Five of them are condo projects.
What is the price range for new homes in St. Petersburg?
Starting prices range from $544,500 to $2,500,000 across the active developments. Exact pricing depends on the project, unit size and floor.
What types of homes are available?
The current mix is led by condos, with 5 condo projects among the active developments.
Which builders are active in St. Petersburg?
Active builders include Kolter Urban, Red Apple Group, Bayline Group, Property Markets Group (PMG), Metro Development Group (Metro Living), Valor Real Estate Development, and Greystar in partnership with Griffin Capital.
Which projects can I look at?
Examples include The Residences at 400 Central, Marinova at Coquina Key, Waldorf Astoria Residences St. Petersburg, COREY AVENUE, Azalea Cay and Roche Bobois Residences.
Is there a cooling-off period on new condos in Florida?
Yes. Florida gives buyers a 15-day rescission period on new condos under FS 718.503. It applies to condos only.
How much deposit do I need?
It varies by builder. Deposits are normally paid in stages, so check each project's schedule before you commit.
Is pre-construction in St. Petersburg a good investment?
That depends on the project, price, rental demand and your finances. Returns are not guaranteed, so compare local supply, rents, HOA costs and rental rules, and get professional advice.
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