Palma Del Mar
Homes for Sale in St. Petersburg, FL
True comps, carrying-cost math, and listings before the portals.
Palma Del Mar is a community in St Petersburg, Pinellas County, FL. Across St Petersburg as a whole, 3,719 homes closed in the last 12 months at a median of $435,000, 44 median days on market, with 1,078 homes for sale today. At that median and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $8,430 ($7,620 with the full homestead exemption).
Part of Palma Del Mar, St Petersburg, FL — see all Palma Del Mar homes for sale (12 listings across 5 sections in the MLS).
Palma Del Mar doesn't show up in the MLS feed with a deep amenity package or a robust set of recent comparable sales, which tells us as much as any statistic would: this is a smaller, quieter pocket of St Petersburg rather than a heavily marketed master-planned community. Pricing here is going to be driven almost entirely by the individual home — lot position, condition, and any water proximity — rather than by a shared clubhouse or amenity fee structure.
For a buyer, that means doing your own homework on each listing rather than leaning on community-wide comps or amenity comparisons. For a seller, it means the story you tell about the home itself, and its immediate location within St Petersburg, is doing most of the work in the listing — there isn't a marketed lifestyle package to lean on.
The 60-Second Overview
Palma Del Mar sits in St Petersburg, Pinellas County, without a distinct set of amenities identified in current MLS listings, suggesting a straightforward residential pocket rather than an amenity-driven association.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Palma Del Mar is best for.
Best for
- Buyers prioritizing a St Petersburg location over community amenities
- Buyers comfortable evaluating individual homes without heavy reliance on community-wide comps
- Buyers who want a quieter, less heavily marketed corner of Pinellas County
Probably not for
- Buyers who want a clubhouse, pool, or organized amenity package as part of the purchase
- Buyers who rely on extensive recent community sales history to gauge pricing
- Buyers expecting a highly documented, amenity-driven association
The market around Palma Del Mar
Palma Del Mar is a small community — 2 recorded sales on file, most recently in 2021 — 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).
Homes here are condominium.
ZIP and county figures describe the wider market, not Palma Del Mar specifically. Momentum Research analysis of MLS records.
Recent Developments in Palma Del Mar
Development, infrastructure, retail, and school activity affecting Palma Del Mar, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Infrastructure
St. Pete approves temporary downtown dock for Tampa Bay ferry
The St. Petersburg City Council approved a temporary ferry dock on Bayshore Boulevard near the Vinoy in downtown St. Petersburg under a three-year contract costing about 324,200 dollars. Hubbard's Marina will operate cross bay service between downtown St. Petersburg and the Tampa Convention Center, with two vessels running year round. Service is expected to begin in October or November.
What it may mean for the marketEstablishes a temporary downtown dock and cross bay ferry connection, adding a new transit option and waterfront infrastructure serving the downtown St. Petersburg market. The site is about 1 mile north of Palma Del Mar.
Source: FOX 13 Tampa Bay - July 2026Development
St. Pete advances housing plan for nine vacant city lots
The St. Petersburg City Council unanimously approved a first reading of an ordinance to place a measure on the November 3 ballot that would remove nine vacant city lots in Methodist Town from the city's Charter Park and Waterfront Map. The change would allow up to 41 units of affordable or workforce housing, with four lots planned for single family homes and five larger parcels for multifamily housing. The lots have held park designations since 1984 but have remained vacant.
What it may mean for the marketAdvances a plan to convert nine vacant city lots into new single family and multifamily housing, adding to local housing inventory. Placing the parcels on the ballot could open long dormant land for residential construction. The site is about 1 mile northwest of Palma Del Mar.
Source: St Pete Catalyst - July 2026Development
Blake-Related team selected to redevelop 86-acre Historic Gas Plant District
St. Petersburg selected a bid led by Blake Investment Partners, with the Related Group as co-developer, to redevelop the 86-acre Historic Gas Plant District at the Tropicana Field site. The roughly 8.1 billion dollar mixed use plan calls for more than 3,600 income-restricted residential units, a 13-acre central park, and office, retail, hotel and civic space over an estimated 20-year buildout. The developers plan to purchase about 58 acres while the city retains roughly one third.
What it may mean for the marketAdds a large mixed use district with thousands of new residential units, a central park, and office, retail, hotel and civic space to the downtown St. Petersburg market. Redevelopment of the Tropicana Field site reshapes the surrounding property landscape and expands housing supply. The site is about 1 mile northwest of Palma Del Mar.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Palma Del Mar buying strategy.
If we were buying in Palma Del Mar today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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 Palma Del Mar.
A Community Defined by Location, Not a Brochure
When a community's MLS history doesn't surface a clubhouse, pool, or recreational amenity, it usually means the appeal is the setting itself — proximity to St Petersburg's broader amenities, roads, and water access — rather than anything the association provides directly. Palma Del Mar reads that way: a name attached to a location in Pinellas County rather than a packaged lifestyle product.
That has practical implications for both sides of a transaction. Buyers should treat each home on its own terms and verify any claimed community features directly rather than assuming a shared amenity set. Sellers should expect their listing to be judged on the property and its immediate surroundings, since there isn't a community amenity narrative to fall back on.
The location and the amenities are priced into every listing in Palma Del Mar. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with limited MLS-documented history and no clear amenity package, the value of a broker is verifying what's actually true about a specific home rather than repeating boilerplate. We pull the current listing data ourselves, confirm what's real about the property and its location, and tell you plainly what we can't confirm.
Palma Del Mar in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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.
Tools for a Palma Del Mar buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palma Del Mar sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palma Del Mar, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palma Del Mar home worth?
Get a no-obligation home value based on real comparable sales in Palma Del Mar, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Palma Del Mar on the map →
Should you buy in Palma Del Mar?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
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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More St. Petersburg & St. Petersburg & Pinellas County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of St. Petersburg & Pinellas County or the full Neighborhood Finder.
See how Palma Del Mar fits the bigger picture — live prices, inventory, and Momentum Scores: