Palma Ceia Park market snapshot (as of June 25, 2026): the median sale price is about $984K ($474 per sq ft), with homes averaging 248 days on market and 0.8 months of supply, a seller's market. Based on 64 recent closings in live Stellar MLS data.
Palma Ceia Park is one of South Tampa's oldest platted neighborhoods, traced to the 1910s when developer Thomas Palmer's Tampa Bay Land Company laid out Palma Ceia and Palma Ceia Park around what became the Palma Ceia Golf and Country Club, the area's first private golf club. The Cuban-origin street names borrowed from old Havana are part of the neighborhood's signature, per local histories.
The housing stock is the draw and the homework: bungalows, ranches, and Mediterranean and Spanish Revival homes from the early 1900s onward, joined by scattered newer infill. Because vintages span more than a century, condition, prior renovations, and systems age vary widely from house to house, so this is a comp-by-comp market, not a one-number neighborhood.
Most homes here predate the CDD era and carry no community-wide HOA, so the carrying-cost story is simpler than a master plan, taxes, insurance, and any flood premium rather than bond assessments. Confirm the CDD status per parcel as a matter of course; none is expected in an established city neighborhood like this.
The post-2024 reality buyers should price honestly: parts of South Tampa sit in FEMA high-risk flood zones, flood insurance can be required, and reporting since Hurricanes Helene and Milton shows flood-zone homes trading at a widening discount to comparable dry-zone homes. The specific lot's elevation and insurance quote belong in your math before you offer.
