Bay Colony Estates market snapshot (as of June 25, 2026): the median sale price is about $1.3M ($401 per sq ft), a buyer-leaning market (limited data). Based on 4 recent closings in live Stellar MLS data.
Bay Colony Estates is an established single-family waterfront enclave in the Pinellas Point area of southeast St Petersburg, on Tampa Bay (multiple Tampa Bay real estate listing records, 2026). Homes sit along Colony Point Road South and Colony Drive South on quiet, low-traffic streets, with many parcels offering direct open-bay frontage rather than canal lots.
The housing stock is mid-century, with neighborhood guides citing homes generally built from the 1960s to the early 1970s, commonly three to four bedroom single-family homes, with a number of larger remodeled and rebuilt waterfront residences mixed in (neighborhood and listing guides, 2026). Many waterfront lots feature private docks, boat lifts, and seawalls, and listings cite frontage ranging from roughly 125 to 200 feet on open water; confirm the exact lot size, frontage, and dock for any specific address.
Because this is a small waterfront enclave rather than a managed master plan, the money is made or lost on the lot and the water read, not on a neighborhood average. The drivers are the frontage and orientation, the seawall and dock condition, the FEMA flood zone and finished-floor elevation, the storm-surge history, and the flood and wind insurance lines, all of which have to be read per parcel from current records and a real insurance quote.
The pitch is open-bay living close to the city: downtown St Petersburg, the St Pete Pier, Maximo Marina, and I-275 are a short drive, with the Gulf beaches and Fort De Soto reachable as well. The work is the diligence: pull the flood zone and elevation, check the surge and any past intrusion, inspect the seawall and dock, and quote the insurance before you buy the view.
