WATERSET PH 3A 3 & COVINGTON G
Homes for Sale in APOLLO BEACH, FL

Community in APOLLO BEACH · Hillsborough County · ZIP 33572
510 homesBuilt 2015–2024Median sale $486K
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Live Market Pulse
20/100
Market Heat
Cooler than normal
2021 → 2026 · 83 at the 2021 peak
0 is WATERSET PH 3A 3 & COVINGTON G's coldest market since 2021, 100 its hottest. Today: 20. How it's scored
Built fromLive Stellar MLS data8 years of closingsFL DOR public recordsUpdated twice daily
Live · WATERSET PH 3A 3 & COVINGTON G Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$486K
Median sold · 12 mo
down 3.3% vs the prior 12 months
-3.3%
1-yr price change
n = 10 and 8 sales in the two windows
$198/sf
Sold $/sqft · 12 mo
peak $230 in 2024
95.1%
Sale vs ask
Hillsborough median: 96.0%
Tempo
68days
Median DOM · closed
3 days at the 2021 low
10
Sold · last 12 mo
10-yr average: about 7 a year
Ownership and context
71%
Owner-occupied · WATERSET PH 3A 3 & COVINGTON G
362 of 510 parcels homesteaded (FL DOR 2025)
29%
Non-owner-occupied · WATERSET PH 3A 3 & COVINGTON G
incl. 4% trust or LLC-held · 7% out-of-state
9%
Cash buyers · WATERSET PH 3A 3 & COVINGTON G
1 of 11 sales, 12 mo ending June 2026
510
Homes in the community
510 residential parcels (FL DOR 2025)
Track record · 8 years of records
Est. 2015
Community established
homes built 2015-2024, median 2017 (FL DOR 2025)
3
Failed listings · 2026
peaked at 12 in 2025
2,479sqft
Median sold home size
12-mo windows, closed sales
2.0%/yr
Turnover rate
about 10 of 510 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Price here is driven by size and newness more than anything else. This is a newer-construction pocket, built between 2015 and 2024 with a median year of 2017, and the typical home runs a little over 2,580 square feet. At a median of $491,000 and about $199 per square foot, you are paying for space and recent build quality rather than location scarcity. The spread around that median is condition- and floorplan-driven, so two homes on the same street can price very differently.

Market posture is soft. A median of 89 days on market and a heat score of 29 tell you this is a slow, negotiation-friendly setting, not a bidding-war one. Year-over-year the median is up 3.6%, so values have held rather than slid. For buyers, that means time to inspect, compare, and negotiate. For sellers, it means pricing to the current comps from day one and preparing for a longer marketing window is the honest expectation.

WATERSET PH 3A 3 & COVINGTON G Housing Pulse · Momentum Research · as of August 2, 2026

WATERSET PH 3A 3 & COVINGTON G right now

🟡 Off the recent peak. The trailing-12-month median ($486K) is down 3.3% from the prior 12 months ($502K). With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending August 2. Confidence: Medium (10 and 8 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

WATERSET PH 3A 3 & COVINGTON G market snapshot (as of August 2, 2026): the median sale price is about $486K ($198 per sq ft over the trailing 12 months of closed sales), and a median 68 days on market for closed sales. The trailing-12-month median is down 3% from the prior 12 months, computed from record-level Stellar MLS closed sales (10 closings in the current window).

WATERSET PH 3A 3 & COVINGTON G is a community of 510 homes in APOLLO BEACH, Hillsborough County, built between 2015 and 2024 (median 2017.0), with a median living area of about 2,584 square feet. 71% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Waterset Ph 3A-3 & Covington G is a newer-construction section of the larger Waterset community in Apollo Beach, roughly 510 homes strong, where most owners occupy their homes — the homestead share sits at 71%, which points to a stable, owner-heavy section rather than an investor-churn one.

Best for

  • Buyers prioritizing newer construction and space, comfortable around the $491,000 median
  • Patient buyers who want room to negotiate and time for due diligence
  • Owner-occupants planning to stay a while in an owner-heavy section

Probably not for

  • Sellers who need to move quickly and cannot absorb a longer marketing window
  • Buyers hunting for a small or older-home footprint
  • Investors counting on quick turnover in an owner-occupied, low-volume section

Windows contain 0 to 23 sales each (10 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2018 through 2026. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$400K$450K$500K20182020202220242026
Down 3.3% year over year.
Every sale since 2018 · price vs size
$0$250K$500K$750K2k2k
62 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$200$22020182020202220242026
Up from $187 in 2018 to a $230 peak in 2024; $198 now.
Median days on market · closed sales
020406020182020202220242026
3 days at the 2021 low; 68 now.
Sale price vs original ask · median
95%98%100%102%20182020202220242026
95.1% now vs Hillsborough 96.0%.
Homes sold per 12-mo window
0102020182020202220242026
0 to 23 a year; 10 in the current window.
Sellers who gave up · failed listings per year
051020182020202220242026
Canceled, expired, or withdrawn. 12 quit in 2025; 3 so far in 2026. The clearest stress gauge a community has.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning202220242026
83 at the 2021 peak, 20 in the troughs, 20 now. Same score as the hero card, full history.
How much local inventory is already under contract

22% of homes for sale in ZIP 33572 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-01).

If we were buying in WATERSET PH 3A 3 & COVINGTON G 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 WATERSET PH 3A 3 & COVINGTON G.

Best Buy
Buyers who want newer construction and real square footage without paying for location scarcity.
Biggest Risk
A slow market — 89-day median means listings can linger and sellers must price precisely.
Sweet Spot
A move-in-ready home near the median at $491,000 and roughly $199 per square foot.
Avoid If
You need a fast sale or expect competitive-bidding speed.

A newer-build section that rewards patience

The building window here is tight and recent — 2015 to 2024, clustered around 2017 — so you are largely buying homes still in their first decade, with the maintenance profile that implies. Typical living space is generous at about 2,583 square feet, which is a big part of why the median lands at $491,000. If square footage and a modern floorplan are your priorities, the inventory is built for you.

The slower pace is the real story for pricing. With a median 89 days on market and only 11 closings in the measured window, this is a thin, unhurried market. That works in a buyer's favor on negotiation and due diligence. Sellers should read the same numbers as a mandate to price sharply and stage well, because homes that sit tend to sit here.

The location and the amenities are priced into every listing in WATERSET PH 3A 3 & COVINGTON G. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
6.3B- · Buy Score
Recent Direction5.2/10
Owner Commitment7.1/10
Pricing Power6.7/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.3). Basis: Recent Direction -3.3% year-over-year; Owner Commitment 71% owner-occupied; Pricing Power 95.1% sale-to-list. Refreshed with each data update.

Why work with Momentum here

In a section this slow and this driven by floorplan and condition, comp selection is everything — the median tells you the middle, not what your specific home should list at. We work the individual comps street by street, price to the current window rather than last year's, and set a realistic marketing timeline so neither side is surprised by the pace.

WATERSET PH 3A 3 & COVINGTON G in 15 seconds.

Best forBuyers who want newer construction and real square footage without paying for location scarcity.
Biggest advantageA negotiation-friendly market with time to inspect and compare.
Biggest riskA slow market — 89-day median means listings can linger and sellers must price precisely.
Sweet spotA move-in-ready home near the median at $491,000 and roughly $199 per square foot.
Avoid ifYou need a fast sale or expect competitive-bidding speed.

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 WATERSET PH 3A 3 & COVINGTON G sales matched to your home.

What is your WATERSET PH 3A 3 & COVINGTON G home worth?

Get a no-obligation home value based on real comparable sales in WATERSET PH 3A 3 & COVINGTON G, 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.

Recent Developments in Waterset Ph 3a 3 Covington G

Development, infrastructure, retail, and school activity affecting Waterset Ph 3a 3 Covington G, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

  1. July 2026
    Development

    33-story tower planned for Water Street Tampa expansion

    Strategic Property Partners plans a 33-story mixed use tower at Water Street and Cumberland Avenue in downtown Tampa on a 1.9-acre site. The building would hold 452 residential units ranging from studios to three bedrooms plus about 37,000 square feet of retail and 645 parking spaces. Construction is scheduled to begin in spring 2027 with completion targeted for 2029.

    What it may mean for the marketAdds a 33 story tower with 452 residential units and ground floor retail to the downtown Tampa market, continuing the buildout of the Water Street district and expanding high rise housing supply. The project is about 25 miles north of Waterset Ph 3a 3 Covington G, elsewhere in Hillsborough County.

    Source: Florida YIMBY
  2. July 2026
    Infrastructure

    New Interstate 75 interchange planned for Parrish area access

    A new Interstate 75 interchange is being planned to improve access for the Parrish area, primarily located in Hillsborough County and connecting to Manatee County through a possible Fort Hamer Road extension. The project is in the planning phase.

    What it may mean for the marketPlans a new interstate interchange that would expand road capacity and connectivity for a growing area, potentially shaping future development patterns along the corridor. The site is about 2 miles north of Waterset Ph 3a 3 Covington G.

    Source: Tampa Bay Times
  3. July 2026
    Builder Activity

    First 3D-printed affordable home nears completion in East Tampa

    The nonprofit Corporation to Develop Communities of Tampa is completing Tampa's first 3D-printed affordable home on Lurline Circle in East Tampa, using a gantry-style printer that layers concrete for the walls. The house is expected to be finished within weeks and listed for sale in about two months, with down payment assistance and first time homebuyer programs available. The effort is part of a broader CDC initiative that includes more than 90 multifamily units in East Tampa.

    What it may mean for the marketIntroduces 3D concrete printing construction to the local for sale housing market, with a new single family home and additional multifamily units planned. The method signals a new building technique entering the area home supply. The project is about 28 miles north of Waterset Ph 3a 3 Covington G, elsewhere in Hillsborough County.

    Source: Bay News 9

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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.

Frequently Asked Questions

What is the median home price in WATERSET PH 3A 3 & COVINGTON G?
The median sale price in WATERSET PH 3A 3 & COVINGTON G was $486K over the 12 months ending August 2, 2026 (10 closed sales, Stellar MLS).
How long do homes in WATERSET PH 3A 3 & COVINGTON G take to sell?
Homes that closed in the 12 months ending August 2, 2026 took a median 68 days on market (10 sales, Stellar MLS).
How many homes are in WATERSET PH 3A 3 & COVINGTON G?
The Florida DOR 2025 assessment roll shows 510 homes in WATERSET PH 3A 3 & COVINGTON G (public records).
What share of WATERSET PH 3A 3 & COVINGTON G is owner-occupied?
71% of WATERSET PH 3A 3 & COVINGTON G parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in WATERSET PH 3A 3 & COVINGTON G built?
Homes in WATERSET PH 3A 3 & COVINGTON G were built between 2015 and 2024, with a median year built of 2017.0 (FL DOR 2025 roll).
Do cash buyers compete in WATERSET PH 3A 3 & COVINGTON G?
Cash buyers took 9% of WATERSET PH 3A 3 & COVINGTON G sales in the 12 months ending June 2026 (1 of 11 closings, Stellar MLS).
Who is the best real estate agent for WATERSET PH 3A 3 & COVINGTON G?
The best agent for WATERSET PH 3A 3 & COVINGTON G is one who actively works APOLLO BEACH 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 WATERSET PH 3A 3 & COVINGTON G.
How do I find a top APOLLO BEACH real estate agent who knows WATERSET PH 3A 3 & COVINGTON G?
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 WATERSET PH 3A 3 & COVINGTON G and the wider APOLLO BEACH area.
Can Momentum Realty connect me with an agent for WATERSET PH 3A 3 & COVINGTON G?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your WATERSET PH 3A 3 & COVINGTON G purchase or sale - no call center and no pressure.
Buyers prioritizing newer construction and space, comfortable around the $491,000 medianExcellent fit
Patient buyers who want room to negotiate and time for due diligenceExcellent fit
Owner-occupants planning to stay a while in an owner-heavy sectionExcellent fit
Sellers who need to move quickly and cannot absorb a longer marketing windowProbably not
Buyers hunting for a small or older-home footprintProbably not
Investors counting on quick turnover in an owner-occupied, low-volume sectionProbably not

Data sources & freshness

Community market statsStellar MLS closed sales, 12-month windows ending August 2, 2026
Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (13 streets, ZIP 33572))
Under-contract sharesStellar MLS records, as of 2026-08-01
Historical depthClosed-sale records back to 2018 (62 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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More Apollo Beach & Tampa & Hillsborough County guides

Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Tampa & Hillsborough County or the full Neighborhood Finder.

Thinking of selling in WATERSET PH 3A 3 & COVINGTON G? 10 recorded closings; median 67 days on market (window ending 2026-08-02). See the Hillsborough County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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