Lake Palms Apartments Co-Op is a cooperative apartment building near Mirror Lake in downtown St. Petersburg, addressed at 750 Burlington Avenue North in ZIP 33701, Pinellas County. Real estate listing sources describe it as a mid-century building constructed around 1956, roughly five stories, with studio to two-bedroom units (Apartments.com and Highrises.com property pages, 2026). Confirm the exact unit mix and building details with the association.
The defining feature is the ownership structure. Lake Palms is a cooperative, so an owner buys shares in the corporation that owns the building and holds a proprietary lease on a specific unit, rather than a fee-simple deed to real property. That changes how purchases are financed and approved, how monthly costs work, and how resale is handled, and it means the cooperative governing documents and board process drive the transaction. Confirm the share structure and approval process per the association.
Location is the draw. The building sits in the Mirror Lake area, within walking distance of Central Avenue, the downtown St. Petersburg waterfront, museums, and dining, on the inland side of downtown rather than directly on Tampa Bay. The Mirror Lake neighborhood around the historic lake was designated a local historic district by the city in December 2024, which underscores the area mid-century and early-1900s character.
The honest read here is association first. Because this is an older multi-story cooperative, the budget and reserves, the Florida milestone inspection and structural reserve study status, the master and flood insurance, and the financing and board approval rules matter more than any headline. Verify each one with the cooperative before you commit.
