Lake Palms Apts Co-op market snapshot (as of June 25, 2026): the median sale price is about $311K ($258 per sq ft), with homes averaging 29 days on market and 1.5 months of supply, a buyer-leaning market (limited data). Based on 8 recent closings in live Stellar MLS data.
Lake Palms Apts Co-op is a residential cooperative at 750 Burlington Avenue N in St Petersburg, in the Mirror Lake area at the edge of the downtown Central Arts District (downtown St Pete building and listing guides, 2026). Building guides describe it as completed in 1956, about five stories, with roughly 36 units, a small mid-century building rather than a sprawling complex; confirm the exact unit count with the co-op.
This is a cooperative, not a condominium, which is the most important thing to understand before you buy. You purchase shares in the co-op corporation and receive a proprietary right to occupy a specific unit, rather than a deeded condo. That changes the financing picture, since not every lender writes co-op share loans, and it usually means a board application and approval. Confirm the share structure, the approval process, and your financing path early.
Because this is one building and one corporation, the money is made or lost on the co-op and the unit, not on the address. The drivers are the monthly co-op fee, the reserve funding under Florida current building safety rules for buildings three stories and taller, what the fee covers, and the specific unit floor and condition, all of which have to be read from the current co-op documents. Listing guides note the fee here is comprehensive, often bundling items like taxes, water, and insurance, so read what is and is not included.
The pitch is a walkable downtown address: Mirror Lake, the Central Arts District, the downtown St Pete waterfront, museums, and dining are all close, with the interstate and Tampa across the bay a manageable drive. The work is the diligence: read the co-op budget and reserves, confirm the 55+ rule and any pet and rental restrictions, line up co-op financing, and read the board approval terms before you buy.
