INNOVATION TOWNHOMES in ST PETERSBURG

INNOVATION TOWNHOMES
Homes for Sale in ST PETERSBURG, FL

Community in ST PETERSBURG · Pinellas County · ZIP 33701
27 homesBuilt 2024–2024Median sale $655K
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Built fromLive Stellar MLS data2 years of closingsFL DOR public recordsUpdated twice daily
Live · INNOVATION TOWNHOMES Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$655K
Median sold · 12 mo
down 24.2% vs the prior 12 months
-24.2%
1-yr price change
n = 14 and 5 sales in the two windows
$353/sf
Sold $/sqft · 12 mo
peak $410 in 2025
100.0%
Sale vs ask
Tempo
2days
Median DOM · closed
2 days at the 2026 low
100%
Under contract
Pinellas: 21% (1,872 of 8,871)
0 · 2
For sale · pending
live counts, refreshed twice daily
14
Sold · last 12 mo
10-yr average: about 6 a year
Ownership and context
7%
Owner-occupied · INNOVATION TOWNHOMES
2 of 27 parcels homesteaded (FL DOR 2025)
93%
Non-owner-occupied · INNOVATION TOWNHOMES
incl. 59% trust or LLC-held · 7% out-of-state
13%
Cash buyers · INNOVATION TOWNHOMES
2 of 15 sales, 12 mo ending June 2026
27
Homes in the community
27 residential parcels (FL DOR 2025)
Track record · 2 years of records
Est. 2024
Community established
homes built 2024-2024, median 2024 (FL DOR 2025)
1
Failed listings · 2026
peaked at 5 in 2025
1,857sqft
Median sold home size
12-mo windows, closed sales
51.9%/yr
Turnover rate
about 14 of 27 homes trade a year
INNOVATION TOWNHOMES Housing Pulse · Momentum Research · as of August 2, 2026

INNOVATION TOWNHOMES right now

🔴 Off the recent peak. The trailing-12-month median ($655K) is down 24.2% from the prior 12 months ($864K). With about 6 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 (14 and 5 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

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

INNOVATION TOWNHOMES market snapshot (as of August 2, 2026): the median sale price is about $655K ($353 per sq ft over the trailing 12 months of closed sales), and a median 2 days on market for closed sales. The trailing-12-month median is down 24% from the prior 12 months, computed from record-level Stellar MLS closed sales (14 closings in the current window).

INNOVATION TOWNHOMES is a community of 27 homes in ST PETERSBURG, Pinellas County, built between 2024 and 2024 (median 2024), with a median living area of about 1,909 square feet. 7% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Housing distress & ownership in INNOVATION TOWNHOMES, ST PETERSBURG

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
3.33%
1 of 30 listings · short sale 1
Distress share trend — 3.33% now (2026-08-10 → 2026-08-24)

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.

Homes For Sale Right Now in INNOVATION TOWNHOMES

Live MLS inventory for INNOVATION TOWNHOMES. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending INNOVATION TOWNHOMES listings as of 2026-08-23, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2024 through 2026. Tap any home to ask about it.

Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.

Community amenities as reported across Stellar MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.

Schools

In short
  • Pinellas County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Pinellas County Public Schools (verify by address) · Public
  • Confirm zoned elementary, middle, and high · By address
  • Magnet and choice options may apply · Choice

Zoned schools reflect the assignments reported on recent INNOVATION TOWNHOMES listings and can change; always confirm with Pinellas County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any INNOVATION TOWNHOMES address.

Recent Developments in Innovation Townhomes

Development, infrastructure, retail, and school activity affecting Innovation Townhomes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

Dev Momentum63/100 · Active
  1. July 2026
    Development

    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 project is about 4 miles northeast of Innovation Townhomes, elsewhere in Pinellas County.

    Source: St Pete Catalyst
  2. July 2026
    Infrastructure

    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 project is about 4 miles northeast of Innovation Townhomes, elsewhere in Pinellas County.

    Source: FOX 13 Tampa Bay
  3. July 2026
    Development

    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 about 3 miles northeast of Innovation Townhomes.

    Source: Florida YIMBY

Development alerts for Innovation TownhomesGet a short monthly email when something new is approved, funded, or opens near Innovation Townhomes.

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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.

If we were buying in INNOVATION TOWNHOMES today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 INNOVATION TOWNHOMES.

A closer look at the INNOVATION TOWNHOMES market

At a median of $353 per square foot, INNOVATION TOWNHOMES prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.

The trailing-12-month median down 24% year over year. Homes that do trade take a median 2 days on market, useful leverage on any listing that has lingered.

The housing stock is 27 homes built around 2024, and 7% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

The location and the amenities are priced into every listing in INNOVATION TOWNHOMES. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
3.6D · Buy Score
Recent Direction0.0/10
Owner Commitment0.7/10
Pricing Power10.0/10

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 (3.6). Basis: Recent Direction -24.2% year-over-year; Owner Commitment 7% owner-occupied; Pricing Power 100.0% sale-to-list. Refreshed with each data update.

HOA, CDD & Fees

In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed INNOVATION TOWNHOMES sales matched to your home.

What is your INNOVATION TOWNHOMES home worth?

Get a no-obligation home value based on real comparable sales in INNOVATION TOWNHOMES, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in INNOVATION TOWNHOMES on the map →

Real comps, not an automated estimate.

Innovation Townhomes Market Scorecard

No active listings

Innovation Townhomes is currently a no active listings market. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$655,000
Median sold
n/a
Per sqft
n/a
Days on mkt
0/2/15
Active/Pend/Sold

Go deeper: county scorecard · true cost calculator · affordability calculator.

Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

What is the median home price in INNOVATION TOWNHOMES?
The median sale price in INNOVATION TOWNHOMES was $655K over the 12 months ending August 2, 2026 (14 closed sales, Stellar MLS).
How long do homes in INNOVATION TOWNHOMES take to sell?
Homes that closed in the 12 months ending August 2, 2026 took a median 2 days on market (14 sales, Stellar MLS).
How many homes are in INNOVATION TOWNHOMES?
The Florida DOR 2025 assessment roll shows 27 homes in INNOVATION TOWNHOMES (public records).
What share of INNOVATION TOWNHOMES is owner-occupied?
7% of INNOVATION TOWNHOMES parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in INNOVATION TOWNHOMES built?
Homes in INNOVATION TOWNHOMES were built between 2024 and 2024, with a median year built of 2024 (FL DOR 2025 roll).
Do cash buyers compete in INNOVATION TOWNHOMES?
Cash buyers took 13% of INNOVATION TOWNHOMES sales in the 12 months ending June 2026 (2 of 15 closings, Stellar MLS).
What schools serve INNOVATION TOWNHOMES?
INNOVATION TOWNHOMES is served by Pinellas County Public Schools, typically Pinellas County Public Schools (verify by address) and Confirm zoned elementary, middle, and high. Confirm the exact zoning by address with the district.
Who is the best real estate agent for INNOVATION TOWNHOMES?
The best agent for INNOVATION TOWNHOMES is one who actively works ST PETERSBURG and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for INNOVATION TOWNHOMES.
How do I find a top ST PETERSBURG real estate agent who knows INNOVATION TOWNHOMES?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows INNOVATION TOWNHOMES and the wider ST PETERSBURG area.
Can Momentum Realty connect me with an agent for INNOVATION TOWNHOMES?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your INNOVATION TOWNHOMES purchase or sale - no call center and no pressure.

Nearby Communities

Explore more neighborhoods near INNOVATION TOWNHOMES with Momentum Realty’s local guides.

Castille Urbana St Petersburg0.4 mi awayEasterbrook St Petersburg0.4 mi awayRoyal Poinciana St Petersburg0.5 mi awayRoche Bobois Residences St Petersburg0.5 mi awayThe Beacon On 3Rd St Petersburg0.6 mi awayMadison At St Pete St Petersburg0.7 mi awayArt House St Petersburg0.7 mi awaySaltaire St Petersburg0.7 mi away

Browse all Florida neighborhood guides →

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: August 2, 2026)
Community market statsStellar MLS closed sales, 12-month windows ending August 2, 2026
Housing stock & ownershipFlorida DOR 2025 assessment roll (community parcel extract)
Under-contract sharesStellar MLS records, as of 2026-08-01
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2024 (19 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.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.

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CallFree valuation →
Thinking of selling in INNOVATION TOWNHOMES? 14 recorded closings; median 1 days on market (window ending 2026-08-02). See the Pinellas County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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