Amara Bay Residences in St. Petersburg
Homes for Sale in Pinellas County, FL
True comps, carrying-cost math, and listings before the portals.
The market around Amara Bay Residences in St. Petersburg
Amara Bay Residences in St. Petersburg is too small for its own price trend, so here is the market around it.
Across Pinellas County, 6,550 homes are active and 1,830 pending (22% under contract).
ZIP and county figures describe the wider market, not Amara Bay Residences in St. Petersburg specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Amara Bay Residences in St. Petersburg
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.
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.
The Amara Bay Residences in St. Petersburg buying strategy.
If we were buying in Amara Bay Residences in St. Petersburg today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Amara Bay Residences in St. Petersburg.
The location and the amenities are priced into every listing in Amara Bay Residences in St. Petersburg. The deal is won or lost on condition, the comps, and the renovation math.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Amara Bay Residences in St. Petersburg buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Amara Bay Residences in St. Petersburg sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Amara Bay Residences in St. Petersburg, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
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Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-08-18 |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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