Waterside at Coquina Key South market snapshot (as of June 25, 2026): the median sale price is about $216K ($343 per sq ft), with homes averaging 122 days on market and 6.5 months of supply, a buyer's market. Based on 39 recent closings in live Stellar MLS data.
Waterside at Coquina Key South sits at the southern tip of Coquina Key in St. Petersburg, in the 33705 ZIP, a gated waterfront community of roughly 88 acres with about three miles of seawall and views toward Tampa Bay on the eastern side of the island (watersidesouth.com and mygulfcoastproperty.com, 2026).
The community was created in 2005 when Prospect-Marathon Coquina, LLC converted a rental apartment complex into a resort-style property of condominiums and townhouses with boat parking, wet slips, garages, carports, and a private club. The St. Petersburg Business Review described it as one of the largest conversions of apartments to condominiums in Florida history (mygulfcoastproperty.com, 2026).
There are about 625 units, most of them two-bedroom, two-bath layouts in a range of sizes, addressed off Cobia Drive SE and managed by Greenacre Properties (mygulfcoastproperty.com and watersidesouth.com, 2026). Amenities include two swimming pools with a spa, two fitness centers with saunas, lighted tennis courts, a 24-hour staffed gatehouse, a fishing pier, kayak storage, and the Waterside Yacht Club with a residents-only restaurant and bar.
Because this is a 2005 apartment-to-condo conversion, the honest read is the association picture: confirm the current condo fee and what it includes, the reserve study and any structural-reserve assessment under Florida's post-Surfside law, the owner-occupancy and rental ratio (which affects financing), and the flood zone and insurance for the specific building and unit.
