Isla Key Condo
Homes for Sale in St Petersburg, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Isla Key is a compact condo community of 71 units built in the late 1980s, and pricing here is driven less by square footage than by condition and location within the association. With a median around $613,550 and roughly $489 per square foot on a median unit near 1,255 square feet, the numbers reflect a St Petersburg waterfront-adjacent condo market where a renovated interior can command a real premium over a dated one. Treat the median as a midpoint, not a ceiling or a floor — the spread here is condition-driven.
The market posture is warm but not frantic. A median of 27 days on market and a heat score of 52 point to steady, negotiable demand rather than a bidding-war environment. The year-over-year figure of 44.4% is eye-catching, but on a five-closing window it reflects which specific units traded, not a smooth trend line. Sellers have leverage on well-presented units; buyers should underwrite each listing on its own merits rather than the headline appreciation number.
Isla Key Condo right now
🟢 Still climbing. The trailing-12-month median ($614K) is up 44.4% from the prior 12 months ($425K). With about 4 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 July 15. Confidence: Low (5 and 3 sales in the two windows).
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Updated July 15, 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
Isla Key Condo market snapshot (as of July 15, 2026): the median sale price is about $614K ($489 per sq ft over the trailing 12 months of closed sales), and a median 27 days on market for closed sales. The trailing-12-month median is up 44% from the prior 12 months, computed from record-level Stellar MLS closed sales (5 closings in the current window).
Isla Key Condo is a community of 71 homes in St Petersburg, Pinellas County, built between 1985 and 1988 (median 1987), with a median living area of about 1,255 square feet. 44% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Isla Key is a small, single-vintage condo association in St Petersburg, Pinellas County, where the mid-$1,200-square-foot floor plans and 1980s bones mean the real story is what each seller has done inside the unit.
Who Isla Key Condo is best for.
Best for
- Buyers with a mid-$600s budget who want a compact, low-maintenance condo and will pay up for a renovated interior
- Second-home or seasonal buyers comfortable in a building where a large share of units are not homesteaded
- Downsizers content with a floor plan around 1,255 square feet in exchange for condo living
Probably not for
- Buyers who need substantially more than 1,255 square feet or a single-family layout
- Buyers who want to avoid condo fees, reserves, and association rental restrictions entirely
- Buyers seeking new construction rather than mid-1980s bones that may need updating
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($614K) IS the median in the snapshot above, and the move from 2025 ($425K) IS the +44.4% one-year change.
Windows contain 0 to 10 sales each (5 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 %s through %s. Deemed reliable but not guaranteed.
The Isla Key Condo buying strategy.
If we were buying in Isla Key Condo 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 Isla Key Condo.
A small association where condition sets the price
With just 71 homes all built between 1985 and 1988, Isla Key is a homogeneous community in structure but not in finish. When every unit shares the same era and a similar footprint around 1,255 square feet, the pricing conversation quickly becomes about updates, views, and floor placement rather than raw size. That makes comparable sales useful but incomplete — you have to walk the unit.
The homestead share sits near 44%, meaning a meaningful slice of these units are not primary residences. In a small association, that mix matters for how the building is used and for rental posture, and it is worth verifying the current condo docs, reserves, and any rental restrictions before you write an offer. On a five-closing window, individual sales move the medians, so lean on the current listing set and the association's financials over any single statistic.
The location and the amenities are priced into every listing in Isla Key Condo. 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 Isla Key Condo 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 (6.2). Basis: Recent Direction +44.4% year-over-year; Owner Commitment 44% owner-occupied; Pricing Power 91.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a 71-unit building, the difference between a fair price and an overpay comes down to reading condition against the median and knowing the association's financial health. We track every Isla Key closing as it happens, review the condo documents and reserve posture with you, and price each unit on its own finish level rather than the headline year-over-year number. That is the work that protects you in a small, condition-driven market.
Isla Key Condo 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 Isla Key Condo 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 Isla Key Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Isla Key Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Isla Key Condo home worth?
Get a no-obligation home value based on real comparable sales in Isla Key Condo, 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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Frequently Asked Questions
What is the median home price in Isla Key Condo?
How long do homes in Isla Key Condo take to sell?
How many homes are in Isla Key Condo?
What share of Isla Key Condo is owner-occupied?
When were the homes in Isla Key Condo built?
Do cash buyers compete in Isla Key Condo?
Who is the best real estate agent for Isla Key Condo?
How do I find a top St Petersburg real estate agent who knows Isla Key Condo?
Can Momentum Realty connect me with an agent for Isla Key Condo?
Should you buy in Isla Key Condo?
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 July 15, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (36 streets, ZIP 33715)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2014 (50 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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