Lake Sheffield 1St Sec
Homes for Sale in St Petersburg, FL

Community in St Petersburg · Pinellas County
2,531 homesBuilt 1920–2024
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Built fromLive Stellar MLS data19 years of closingsFL DOR public recordsUpdated twice daily
Live · Lake Sheffield 1St Sec Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
2
Sold · last 12 mo
10-yr average: about 3 a year
Ownership and context
71%
Owner-occupied · Lake Sheffield 1St Sec
1806 of 2544 parcels homesteaded (FL DOR 2025)
29%
Non-owner-occupied · Lake Sheffield 1St Sec
incl. 8% trust or LLC-held · 5% out-of-state
20%
Cash buyers · Lake Sheffield 1St Sec
1 of 5 sales, 12 mo ending June 2025
2,531
Homes in the community
plus 13 vacant residential lots · 2544 residential parcels (FL DOR 2025)
Track record · 19 years of records
Est. 1920
Community established
homes built 1920-2024, median 1957 (FL DOR 2025)
1
Failed listings · 2026
peaked at 3 in 2013
0.1%/yr
Turnover rate
about 2 of 2531 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Price here is driven by condition and lot far more than by any single spec. With a housing stock that dates back nearly a century on the old end and a median build year of 1957, you're pricing individual houses: a renovated mid-century block home and an untouched original a few doors down are not the same trade. The median living area sits around 1,365 square feet, so this is a market of modest, right-sized homes where updates and structural condition move the number.

The homestead share is high at 71%, which tells you most of this stock is owner-occupied and not churning as rentals or flips. That tends to mean tighter supply and sellers who aren't forced to move. For buyers, expect to compete on condition-ready homes and to underwrite renovation costs honestly on the rest. For sellers, the leverage is real, but it's earned through presentation — a dated interior gives a buyer room to negotiate.

Best for

  • Buyers with a renovation budget who want to build value in an older home
  • Long-hold owners seeking an established St Petersburg community rather than a quick flip
  • Buyers prioritizing an efficient, right-sized floor plan over maximum square footage

Probably not for

  • Buyers who need a large, sprawling layout without additions or reconfiguration
  • Buyers wanting turnkey, everything-new construction as the default
  • Buyers with no tolerance for evaluating the condition of older systems and structures

The market around Lake Sheffield 1St Sec

Lake Sheffield 1St Sec is a small community — 25 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.

Across Pinellas County, 6,909 homes are active and 1,852 pending (21% under contract).

The housing mix here is 99% single family residence, 1% ?.

ZIP and county figures describe the wider market, not Lake Sheffield 1St Sec specifically. Momentum Research analysis of MLS records.

If we were buying in Lake Sheffield 1St Sec 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 Lake Sheffield 1St Sec.

Best Buy
Buyers comfortable evaluating older stock and pricing condition honestly.
Biggest Risk
Wide vintage spread means variable condition and unpredictable renovation costs.
Sweet Spot
A well-maintained mid-century home priced near the median.
Avoid If
You need move-in-ready square footage with no appetite for updates.

A mid-century core with a wide vintage spread

The year-built range runs from 1920 to 2024, but the median of 1957 tells the real story: this is fundamentally a mid-century neighborhood with older bones on one end and occasional newer infill on the other. That spread matters because you cannot assume anything about systems, wiring, or foundations from the street. Two homes at similar prices can carry very different deferred-maintenance bills.

At roughly 1,365 square feet median, floor plans here lean efficient rather than sprawling. Buyers who want space will be looking at additions or reconfigured layouts, and that's where the older stock rewards patience — there's often room to improve. With 2,531 homes, this is a substantial community, so inventory does turn, but the high owner-occupancy keeps well-kept listings from lingering.

The location and the amenities are priced into every listing in Lake Sheffield 1St Sec. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a market this condition-sensitive, the median price is only a starting point — the real work is judging whether a specific home is a clean buy or a renovation project priced like a clean buy. We walk homes with that lens, price the delta between as-is and updated, and keep you from overpaying for someone else's deferred maintenance or underselling a house you've actually taken care of.

Lake Sheffield 1St Sec in 15 seconds.

Best forBuyers comfortable evaluating older stock and pricing condition honestly.
Biggest advantageHigh owner-occupancy and an established, sizable community.
Biggest riskWide vintage spread means variable condition and unpredictable renovation costs.
Sweet spotA well-maintained mid-century home priced near the median.
Avoid ifYou need move-in-ready square footage with no appetite for updates.

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 Lake Sheffield 1St Sec sales matched to your home.

What is your Lake Sheffield 1St Sec home worth?

Get a no-obligation home value based on real comparable sales in Lake Sheffield 1St Sec, 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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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Lake Sheffield 1St Sec?
The Florida DOR 2025 assessment roll shows 2,531 homes plus 13 vacant residential lots in Lake Sheffield 1St Sec (public records).
What share of Lake Sheffield 1St Sec is owner-occupied?
71% of Lake Sheffield 1St Sec parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Lake Sheffield 1St Sec built?
Homes in Lake Sheffield 1St Sec were built between 1920 and 2024, with a median year built of 1957 (FL DOR 2025 roll).
Do cash buyers compete in Lake Sheffield 1St Sec?
Cash buyers took 20% of Lake Sheffield 1St Sec sales in the 12 months ending June 2025 (1 of 5 closings, Stellar MLS).
Who is the best real estate agent for Lake Sheffield 1St Sec?
The best agent for Lake Sheffield 1St Sec 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 Lake Sheffield 1St Sec.
How do I find a top St Petersburg real estate agent who knows Lake Sheffield 1St Sec?
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 Lake Sheffield 1St Sec and the wider St Petersburg area.
Can Momentum Realty connect me with an agent for Lake Sheffield 1St Sec?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Lake Sheffield 1St Sec purchase or sale - no call center and no pressure.
Buyers with a renovation budget who want to build value in an older homeExcellent fit
Long-hold owners seeking an established St Petersburg community rather than a quick flipExcellent fit
Buyers prioritizing an efficient, right-sized floor plan over maximum square footageExcellent fit
Buyers who need a large, sprawling layout without additions or reconfigurationProbably not
Buyers wanting turnkey, everything-new construction as the defaultProbably not
Buyers with no tolerance for evaluating the condition of older systems and structuresProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (8 streets, ZIP 33710/33713))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2007 (48 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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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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