Riviera Bay Homes for Sale in St. Petersburg, FL

Waterfront single-residential neighborhood · St. Petersburg · Pinellas County

An established mid-century waterfront neighborhood in northeast St. Petersburg, on navigable canals off Tampa Bay across from Weedon Island, where elevation and the flood read are the whole story.

Navigable canal accessNo mandatory HOAElevation and flood read

Live Market Pulse

50/100
Momentum

Buyer-Leaning Market (limited data)

Riviera Bay is a low-lying canal neighborhood in northeast St. Petersburg, hit by the 2024 storms. The central read is the elevation, the flood zone, canal depth and dredging status, the storm and repair history, an honest insurance quote, and the city substantial-improvement rule for the specific home.

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Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily

LiveMarket PulseStellar MLS

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Jon's Current Read

"Riviera Bay is an established, largely mid-century waterfront neighborhood in northeast St. Petersburg, where single-family homes sit on navigable canals that wind out to Riviera Bay and open Tampa Bay, across from the Weedon Island Preserve. The appeal is genuine canal and boating access, an active civic association known for its boat parade and golf-cart parades, and an in-city location near the Gandy corridor and I-275. The defining reality is flood and elevation. The neighborhood is low-lying, and Hurricanes Helene and Milton in 2024 brought storm surge and flooding, with residents reporting canals filled with sand and sediment afterward. The central diligence items are elevation, FEMA flood zone, prior flood and substantial-damage history, canal depth and the status of the city dredging study, an honest insurance quote, and the city of St. Petersburg substantial-improvement rule, which can force a full elevation and code rebuild on a major project. There is generally no mandatory HOA, with a voluntary civic association, but confirm per parcel with title and the property appraiser."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Riviera Bay is an established waterfront neighborhood in northeast St. Petersburg, Pinellas County, laid out on land along a network of navigable canals that connect to Riviera Bay and open Tampa Bay. The area traces to early dredging tied to the development of nearby Weedon Island in the 1920s, and the neighborhood sits across the water from the Weedon Island Preserve. The main ZIP is 33702, near the Gandy corridor and I-275. This guide covers the broader Riviera Bay area, including the Riviera Bay Second Addition plat.

Homes are predominantly single-family and largely mid-century, with much of the stock built from roughly the late 1940s through the 1970s and many homes since remodeled, along with newer elevated rebuilds appearing after the 2024 storms. Many are ranch-style or raised homes, some with oversized first-floor garages, and a large share sit on canals with private docks while others are interior, non-waterfront homes. The Riviera Bay Civic Association is an active voluntary organization, well known for the Christmas Eve boat parade and seasonal golf-cart parades, and there is generally no mandatory HOA and no CDD, though you should confirm per parcel.

The defining reality of Riviera Bay is flood and elevation. The neighborhood is low-lying, and Hurricanes Helene and Milton in the fall of 2024 brought storm surge and flooding to parts of the area. Residents have reported canals filled with sand and sediment from the surge, which led the city to fund a study of canal dredging in late 2025. Elevation, flood zone, prior flood and substantial-damage history, and insurance cost must be verified for the specific home.

A second item specific to Riviera Bay is canal depth and navigability. Several canals are described by residents as shallow and silted, and the city dredging study, funded in December 2025, is meant to define the sedimentation problem before any dredging, a process that could take years. For a buyer paying for canal access, current depth, draft, and dredging status matter, so confirm them for the specific home rather than assuming deep-water access.

Quick Match

Who Riviera Bay is best for.

Best for

Buyers who want in-city St. Petersburg canal access at a Riviera Bay entry
Boaters drawn to canal frontage leading out to Tampa Bay
Buyers who prefer no mandatory HOA and an active civic association
Buyers who will rigorously read elevation, flood zone, canal depth, and insurance

Probably not for

Buyers who want low flood risk and low coastal insurance cost
Buyers who want a higher-elevation or inland home
Buyers who assume deep-water canal access without checking depth and dredging
Buyers who want master-planned amenities or a gated feel

Market Pulse

How Riviera Bay is performing right now

50/100
momentum

Buyer-Leaning Market (limited data)

Seller's marketBalancedBuyer's market

0Months of supplytight

57Median days on marketdays

0 : 0Under contract vs for salestrong demand

0Sold in last 12 monthsliquidity

+127%Median price since 2012appreciation

+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 24, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Riviera Bay listings and the trailing twelve months of closed sales.

Where prices are going$850K2026 YTD

Median sale price by year. Tap a label to compare Shore Acres or St. Petersburg. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$3072026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now0 : 0active : pending

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8.6A- score

Momentum intelligence

Momentum buy score

Our proprietary read on how a home in Riviera Bay buys, holds, and resells. See the five factors.

Interactive Map

Riviera Bay on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

Riviera Bay pairs in-city St. Petersburg canal access with quick reach to Gandy, Weedon Island, downtown, and I-275 into Tampa, with the Gulf beaches a manageable drive across the peninsula.

Drive times from Riviera Bay. The neighborhood sits in northeast St. Petersburg near the Gandy corridor and across from Weedon Island.

Gandy Boulevard~5 to 8 min · south of the neighborhood

Weedon Island Preserve~5 to 10 min · across the water

Downtown St. Petersburg~15 to 20 min · ~7 to 9 mi

I-275~8 to 12 min · ~3 to 5 mi

Tampa (downtown)~25 to 35 min · via Gandy or I-275

Tampa Int'l Airport (TPA)~25 to 35 min · ~18 to 22 mi

Drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Riviera Bay Homes for Sale in St with Momentum Realty’s local guides.

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr

Riviera Bay (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take

Pinellas County Public Schools
Verify the zoned schools by address
Magnet and choice options may be available
Confirm current ratings before relying on them
Private and parochial options nearby

Riviera Bay is served by Pinellas County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Public

Pinellas County Public Schools (verify by address)

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By address

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Choice

Magnet and choice options may apply

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Buying with schools in mind? We can confirm the exact zoned schools for any Riviera Bay address.

The takeaway

What is actually shaping value in Riviera Bay: the 2024 Helene and Milton storm surge and recovery, the city canal dredging study, the city resiliency and flood task force work, and the substantial-improvement rule. Each item is sourced and linked.

Recent Developments in Riviera Bay

Development Intelligence

Our read on what is being built around Riviera Bay, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishIn-city canal access and an active community support demand, but the central reality is that Riviera Bay is low-lying, with flood exposure, shallow silted canals, and rising insurance shaping the housing stock toward elevated rebuilds. The city dredging study and resiliency work may ease conditions slowly, but on multi-year timelines.