COLONIAL HEIGHTS & 2ND ADD
Homes for Sale in ST PETERSBURG, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Price here is driven by condition and lot, not by any single template. With a median build year around 1925 and homes stretching from 1900 to 2024, you're buying into a district where a restored older structure and a recent rebuild can sit on the same block. At a median near $1.1M and roughly $586 per square foot on a median footprint under 2,000 feet, the number you pay tracks how much work has already been done — and how much is left for you.
The posture is warm but not frantic. A median 23 days on market means well-prepared listings move inside a month, but the heat score of 42 says buyers still have room to inspect, negotiate, and walk. The year-over-year figure of 47.3% reflects a fast-moving recent window built on only three closings, so treat it as directional, not a promise. Sellers should price to the work already invested; buyers should underwrite the age of the systems, not the address.
COLONIAL HEIGHTS & 2ND ADD right now
🟢 Still climbing. The trailing-12-month median ($1.11M) is up 47.3% from the prior 12 months ($750K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending August 2. Confidence: Low (3 and 5 sales in the two windows).
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Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
COLONIAL HEIGHTS & 2ND ADD market snapshot (as of August 2, 2026): the median sale price is about $1.11M ($586 per sq ft over the trailing 12 months of closed sales), and a median 23 days on market for closed sales. The trailing-12-month median is up 47% from the prior 12 months, computed from record-level Stellar MLS closed sales (3 closings in the current window).
COLONIAL HEIGHTS & 2ND ADD is a community of 596 homes in ST PETERSBURG, Pinellas County, built between 1900 and 2024 (median 1925.0), with a median living area of about 1,926 square feet. 60% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is an older St Petersburg pocket where a century of building — 1900 through 2024 — shares the same streets, so no two homes underwrite the same way. With just under 600 homes and close to 60% carrying a homestead exemption, turnover is measured rather than constant.
Who COLONIAL HEIGHTS & 2ND ADD is best for.
Best for
- Buyers with a budget around the $1.1M median who value older architecture and a walkable location over square footage
- Renovation-minded buyers prepared to price and manage updates to older systems
- Long-hold owners comfortable in a thin-supply, owner-occupied district
Probably not for
- Buyers who need new construction and modern systems with no deferred maintenance
- Anyone seeking maximum square footage per dollar rather than location and character
- Investors expecting the recent year-over-year gain to repeat, given it rests on only three closings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($1.11M) IS the median in the snapshot above, and the move from 2025 ($750K) IS the +47.3% one-year change.
Windows contain 0 to 5 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2009 through 2026. Deemed reliable but not guaranteed.
17% of homes for sale in ZIP 33701 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-01).
The COLONIAL HEIGHTS & 2ND ADD buying strategy.
If we were buying in COLONIAL HEIGHTS & 2ND ADD 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 COLONIAL HEIGHTS & 2ND ADD.
Condition is the whole story
The median year built sits around 1925, which tells you most of the inventory predates modern electrical, plumbing, and foundation standards. That's not a strike against the area — it's the reason the price spread is so wide. A home taken back to the studs and a home that never left the 1950s can both list here, and the median price of $1,105,000 sits somewhere in between. Read every listing through the lens of what's been updated versus what's deferred.
The median living area is just over 1,900 square feet at roughly $586 per foot, so you are paying for location and character more than raw volume. With a homestead share near 60%, a meaningful portion of these homes are owner-occupied and held, which keeps supply thin and makes the well-renovated listings the ones that clear fastest inside that 23-day median.
The location and the amenities are priced into every listing in COLONIAL HEIGHTS & 2ND ADD. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in COLONIAL HEIGHTS & 2ND ADD buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.0). Basis: Recent Direction +47.3% year-over-year; Owner Commitment 60% owner-occupied; Pricing Power 92.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a district where the build years span more than a century, the deal lives in the inspection and the renovation math — and that's where we earn our keep. We'll separate the cosmetic from the structural, pressure-test a listing's condition against its price per foot, and tell you plainly when the number reflects finished work versus a project you'd be financing yourself.
COLONIAL HEIGHTS & 2ND ADD in 15 seconds.
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 COLONIAL HEIGHTS & 2ND ADD 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 COLONIAL HEIGHTS & 2ND ADD sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in COLONIAL HEIGHTS & 2ND ADD, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your COLONIAL HEIGHTS & 2ND ADD home worth?
Get a no-obligation home value based on real comparable sales in COLONIAL HEIGHTS & 2ND ADD, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recent Developments in Colonial Heights 2nd Add
Development, infrastructure, retail, and school activity affecting Colonial Heights 2nd Add, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
St. Pete advances housing plan for nine vacant city lots
The St. Petersburg City Council unanimously approved a first reading of an ordinance to place a measure on the November 3 ballot that would remove nine vacant city lots in Methodist Town from the city's Charter Park and Waterfront Map. The change would allow up to 41 units of affordable or workforce housing, with four lots planned for single family homes and five larger parcels for multifamily housing. The lots have held park designations since 1984 but have remained vacant.
What it may mean for the marketAdvances a plan to convert nine vacant city lots into new single family and multifamily housing, adding to local housing inventory. Placing the parcels on the ballot could open long dormant land for residential construction. The site is less than a mile northwest of Colonial Heights 2nd Add.
Source: St Pete Catalyst - July 2026Infrastructure
St. Pete approves temporary downtown dock for Tampa Bay ferry
The St. Petersburg City Council approved a temporary ferry dock on Bayshore Boulevard near the Vinoy in downtown St. Petersburg under a three-year contract costing about 324,200 dollars. Hubbard's Marina will operate cross bay service between downtown St. Petersburg and the Tampa Convention Center, with two vessels running year round. Service is expected to begin in October or November.
What it may mean for the marketEstablishes a temporary downtown dock and cross bay ferry connection, adding a new transit option and waterfront infrastructure serving the downtown St. Petersburg market. The site is less than a mile northeast of Colonial Heights 2nd Add.
Source: FOX 13 Tampa Bay - July 2026Development
Blake-Related team selected to redevelop 86-acre Historic Gas Plant District
St. Petersburg selected a bid led by Blake Investment Partners, with the Related Group as co-developer, to redevelop the 86-acre Historic Gas Plant District at the Tropicana Field site. The roughly 8.1 billion dollar mixed use plan calls for more than 3,600 income-restricted residential units, a 13-acre central park, and office, retail, hotel and civic space over an estimated 20-year buildout. The developers plan to purchase about 58 acres while the city retains roughly one third.
What it may mean for the marketAdds a large mixed use district with thousands of new residential units, a central park, and office, retail, hotel and civic space to the downtown St. Petersburg market. Redevelopment of the Tropicana Field site reshapes the surrounding property landscape and expands housing supply. The site is less than a mile southwest of Colonial Heights 2nd Add.
Source: Florida YIMBY
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 Northeast Florida.
Frequently Asked Questions
What is the median home price in COLONIAL HEIGHTS & 2ND ADD?
How long do homes in COLONIAL HEIGHTS & 2ND ADD take to sell?
How many homes are in COLONIAL HEIGHTS & 2ND ADD?
What share of COLONIAL HEIGHTS & 2ND ADD is owner-occupied?
When were the homes in COLONIAL HEIGHTS & 2ND ADD built?
Do cash buyers compete in COLONIAL HEIGHTS & 2ND ADD?
Who is the best real estate agent for COLONIAL HEIGHTS & 2ND ADD?
How do I find a top ST PETERSBURG real estate agent who knows COLONIAL HEIGHTS & 2ND ADD?
Can Momentum Realty connect me with an agent for COLONIAL HEIGHTS & 2ND ADD?
Should you buy in COLONIAL HEIGHTS & 2ND ADD?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending August 2, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (5 streets, ZIP 33701)) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2009 (28 transactions analyzed) |
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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