New Suburb Beautiful market snapshot (as of June 25, 2026): the median sale price is about $2.4M ($651 per sq ft), a buyer-leaning market (limited data). Based on 8 recent closings in live Stellar MLS data.
New Suburb Beautiful is one of the smallest neighborhoods inside the city of Tampa, about 77 acres within the Hyde Park district of South Tampa. It was platted starting in 1923 by the prominent developer Allen J. Simms, part of the great Florida land boom that followed World War I, originally as three single family subdivisions with deed restrictions requiring substantial homes (Wikipedia and the New Suburb Beautiful Civic Association, 2026).
The streets run from Morrison Avenue on the north through Jetton, Watrous, and Sunset to Prospect Road on the south, bounded by MacDill Avenue on the west and Howard Avenue on the east. The original stock is 1920s Craftsman bungalows and Mediterranean Revival homes under a mature oak canopy, and a growing share of parcels now sell as teardown and custom rebuild opportunities, so original homes and large new builds sit on the same block.
The neighborhood name covers very different homes, so the money is made or lost on the parcel, the lot, an honest read of an older home's roof, systems, and insurability, and the rebuild math, not the headline.
The pitch is a walkable historic Hyde Park address: a short walk or drive to Bayshore Boulevard, Hyde Park Village, and SoHo, inside the sought after Plant High School zoning. The work is reading condition and the rebuild economics, and verifying deed restrictions, the flood zone, and insurance before you fall for an address.
