What's in this guide
Overview: What Is Announced
Mattamy Homes is the builder. On January 8, 2026, the company closed on 53 fully entitled townhome homesites within Amara Bay Residences and Marina at 12000 Gandy Boulevard in St. Petersburg, acquired for a reported 12.64 million dollars from a Miami-based developer. Mattamy announced the deal January 15, 2026 as part of a three-site Tampa Bay expansion.
Source: Mattamy Homes press release (PR Newswire), 2026-01-15.Per the announcement and local coverage, Mattamy’s townhome plans include two coastal-style designs with two stories of living space, ranging from about 2,371 to 2,470 square feet with three to four bedrooms and two-and-a-half baths. Pricing is expected to start in the 700s, with construction beginning in the weeks after closing and sales launching in summer 2026.
Source: Tampa Bay Business and Wealth, 2026-01-15.Amara Bay is a larger mixed-use waterfront redevelopment with plans that include apartments, a marina, and a waterfront restaurant; Mattamy’s purchase covers the townhome component within that wider project.
Source: Business Observer, 2026-01-26.Quick Facts (All Sourced)
| Category | What is announced |
|---|---|
| Status | Coming Soon. Homesites closed January 8, 2026; sales targeted summer 2026. |
| Builder | Mattamy Homes (townhome component) |
| Within | Amara Bay Residences and Marina, a mixed-use waterfront redevelopment |
| Location | 12000 Gandy Boulevard, north St. Petersburg, ZIP 33702 |
| County | Pinellas County |
| Planned scale | 53 coastal-style townhomes (Mattamy component) |
| Product | Two designs, two stories, 3 to 4 bedrooms, 2.5 baths, about 2,371 to 2,470 sq ft |
| Expected pricing | From the 700s, per the builder (subject to change) |
| Expected sales open | Summer 2026, per the builder (timelines can move) |
Every row above comes from the builder announcement and press coverage cited on this page. Plans for unbuilt communities change. Treat all of it as announced intent, not a contract.
Location & Context
Amara Bay sits at 12000 Gandy Boulevard in north St. Petersburg, on the Tampa Bay waterfront near the Gandy corridor that connects Pinellas County across the bay to South Tampa. The Mattamy townhomes are one component of a wider redevelopment that is planned to add apartments, a marina, and a waterfront restaurant over time.
Source: Business Observer, 2026-01-26.The practical geography: the Gandy area puts downtown St. Petersburg, the Gandy Bridge to Tampa, and I-275 within short drives, which is the core of the location thesis. It is also low-lying coastal Pinellas, so flood zone and insurance diligence matter more here than inland; pull the FEMA designation for the exact address and get a bindable insurance quote during any contract period.
For the wider Tampa Bay context, start here:
What Is Planned
What the builder has announced for its component: 53 coastal-style townhomes in two designs, two stories, three to four bedrooms, two-and-a-half baths, ranging from about 2,371 to 2,470 square feet.
Source: Tampa Bay Business and Wealth, 2026-01-15.Pricing is expected from the 700s. That is the builder’s announced starting point, not a published price sheet; final pricing lands when sales open, targeted for summer 2026, with construction beginning in the weeks after the January closing.
Source: Tampa Bay Business and Wealth, 2026-01-15.The wider Amara Bay redevelopment plans include apartments, a marina, and a waterfront restaurant; those are part of the broader project, not the Mattamy townhome scope, and their timing is separate.
Source: Business Observer, 2026-01-26.Taxes & Costs Context
You cannot compute a real tax bill for a home that does not exist yet, but you can frame the city and county math now.
Amara Bay sits inside the City of St. Petersburg in Pinellas County, so a buyer should expect city plus county plus school millage on the bill. For context, the Pinellas County figure in our FY2025-26 millage file is a typical total of about 19.39 mills, and actual parcel totals vary by municipality and taxing district, so treat it as a planning number, not a quote.
Source: Momentum Realty millage file (FY2025-26, seeded from county property appraisers and Florida TaxWatch county averages), plus our Pinellas County property tax guide.A townhome community within a mixed-use waterfront project will carry an HOA for shared exteriors, common-element insurance, and grounds, and in coastal Florida the master insurance line is sensitive to wind and flood exposure. Nothing has been published for Amara Bay’s townhomes yet, so we are not quoting a number. When the builder publishes dues, they will appear here with a source.
The structural note that applies to every new build: the first-year tax bill is often assessed on land value only, then resets to the full improved value the following year. In a city waterfront location at 700s pricing, that second-year jump is real money. Budget the second-year number.
Schools
The site is inside the Pinellas County Schools district. School assignment for a brand-new address is set by the district and can change as boundaries are redrawn, so confirm the assignment for a specific address with the Pinellas County Schools locator rather than relying on third-party estimates this early.
The Timeline
This is the dated record of how Amara Bay Residences has moved from announcement toward opening. It grows as facts land.
- January 8, 2026Mattamy Homes closes on 53 fully entitled townhome homesites within Amara Bay Residences and Marina at 12000 Gandy Boulevard for a reported 12.64 million dollars. Source: Mattamy Homes press release (PR Newswire), 2026-01-15.
- January 15, 2026Mattamy announces the project publicly as part of a three-site Tampa Bay expansion: two coastal townhome designs of about 2,371 to 2,470 square feet, pricing expected from the 700s, construction beginning in the coming weeks, sales launching summer 2026. Source: Tampa Bay Business and Wealth, 2026-01-15.
As of June 5, 2026 the builder is targeting a summer 2026 sales launch. New-community timelines move; treat dates as targets until the sales office opens.
Amara Bay Residences is pre-opening, which is exactly when information is scarcest and the first-release pricing decisions happen fastest. Drop your details and we will send updates as the builder publishes pricing, floor plans, HOA figures, and the sales date, and we will connect you with an agent who works for you, not the builder. No obligation, no spam.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Pinellas County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Pinellas County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Recent Developments in Amara Bay Residences
Development, infrastructure, retail, and school activity affecting Amara Bay Residences, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.
- January 2026Development
Wider Amara Bay project planned with apartments, marina and waterfront dining
The Business Observer reported the Mattamy townhome purchase covers one component of a larger mixed-use waterfront redevelopment at the Gandy Boulevard site, with broader plans that include apartments, a marina, and a waterfront restaurant.
What it may mean for the marketA mixed-use waterfront program around the townhomes could add amenities and activity over time, though the wider project's timing is separate from the Mattamy townhome component.
Source: Business Observer - January 2026Builder Activity
Mattamy to build 53 coastal townhomes within Amara Bay waterfront redevelopment
Mattamy Homes announced it closed January 8, 2026 on 53 fully entitled townhome homesites within Amara Bay Residences and Marina at 12000 Gandy Boulevard in north St. Petersburg, acquired for a reported $12.64 million. Plans include two coastal-style designs from about 2,371 to 2,470 square feet, pricing expected from the $700s, with sales targeted for summer 2026.
What it may mean for the marketA waterfront townhome product on the Gandy corridor adds for-sale inventory in north St. Petersburg, where coastal location commands premium pricing and elevated insurance considerations.
Source: Tampa Bay Business and Wealth - October 2025Development
Amara Bay tops out its first building and lands a 121 million dollar construction loan
Key International said at least one apartment building at the 39-acre Amara Bay Residences and Marina on Gandy Boulevard had topped out, with vertical construction moving quickly after site work began in late 2024. The developer announced on October 10, 2025 that it secured a 121 million dollar construction loan led by Abanca USA to complete the 415 apartments, an 8,000 square foot restaurant and a 150-slip marina, and said it expected to finish the apartment buildings, clubhouse and restaurant and begin leasing by winter 2026.
What it may mean for the marketSteady vertical progress on the wider Amara Bay site could mean the marina, restaurant and waterfront amenities take shape around the same period Mattamy targets its townhome sales.
Source: St Pete Catalyst - August 2025Infrastructure
I-275 widening with Gandy Boulevard interchange work begins in Pinellas
FDOT began construction on August 11, 2025 on a 340 million dollar, 7.5-mile widening of I-275 from north of 38th Avenue N to north of 4th Street N, the freeway segment that feeds the Gandy corridor where Amara Bay is rising. The project adds two tolled express lanes in each direction and includes interchange modifications at Gandy Boulevard, with completion estimated in late 2030.
What it may mean for the marketRamp and interchange upgrades at Gandy Boulevard could improve freeway access for the corridor over time, though drivers may see work-zone impacts through the late 2020s.
Source: FDOT Tampa Bay - May 2025Infrastructure
Gandy Boulevard improvements study wins FDOT concept acceptance
The Florida Department of Transportation was granted Location and Design Concept Acceptance for the Gandy Boulevard Project Development and Environment study covering about 7 miles from 4th Street in Pinellas County to West Shore Boulevard in Hillsborough County, the stretch that includes the Amara Bay frontage. The study evaluated widening the four-lane divided road, bridge widening or replacement, and new bicycle and pedestrian facilities.
What it may mean for the marketConcept acceptance may position the Gandy corridor for future design and funding decisions that could eventually change capacity and trail access in front of the development.
Source: FDOT District 7
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Tampa Bay.
Frequently Asked Questions
What is Amara Bay Residences?
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Who is the best real estate agent for Amara Bay Residences in St. Petersburg, FL: What We Know So Far (2026) Real Estate?
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