Chesapeake Point Co-op market snapshot (as of June 25, 2026): the median sale price is about $169K ($243 per sq ft), with homes averaging 4 days on market and 12.0 months of supply, a buyer-leaning market (limited data). Based on 3 recent closings in live Stellar MLS data.
Chesapeake Point Co-op is an affordable, resident-owned, 55+ manufactured-home cooperative on a roughly 6.5 acre peninsula surrounded by the Tarpon Springs bayou system in Tarpon Springs, Pinellas County (chesapeakepointco-op.com, 2026). The community describes itself as about 300 yards from the main channel of the Anclote River, minutes by boat to the Gulf of Mexico with no bridges in between, and a few minutes walk from the famous Greek Sponge Docks and the downtown historic district.
Ownership here is cooperative, not fee simple: a purchase includes co-op shares in Chesapeake Point Co-op, Inc. along with the manufactured home, and residents pay a monthly maintenance fee that funds the community rather than a separate land-lease lot rent (chesapeakepointco-op.com, 2026). The community site describes roughly 60 units, so this is a small, tightly held cooperative. Confirm the current share price, the monthly maintenance, what it covers, and any waitlist or board-approval step with the co-op office, and verify per home.
Because this is a co-op, the money is made or lost on the share and the home, not just the address. The drivers are the share value, the monthly maintenance and reserve funding, the condition and age of the specific manufactured home, and the waterfront flood and insurance picture, all of which have to be read from the current co-op documents and an insurance quote for the exact home and slip.
The pitch is quiet old-Florida waterfront living: a hidden peninsula with water views, optional boat or kayak slips, and a short walk to the Sponge Docks, Spring Bayou, and the Pinellas Trail, with pristine Gulf beaches a few miles away. The work is the diligence: read the co-op budget, reserves, and rules, quote flood and home insurance, and check the flood zone and surge history before you buy the view and the slip.
