New Construction Communities in Pinellas County, FL
Looking for new construction communities in Pinellas County, FL? Momentum Realty tracks 17 Pinellas County communities with evidence of new-build activity, each with MLS-derived pricing and market pace below — plus the local questions worth asking before you buy, and a direct line to an agent who works these communities.
Pinellas County new construction communities at a glance
The communities, by recent sales activity
| Community | City | Median price | 1-yr change | Days on mkt |
|---|---|---|---|---|
| Art House · agent | St. Petersburg | $1.34M | – | 96 d |
| The Nolen · agent | St. Petersburg | $2.39M | – | 348 d |
| Harbor Landing · agent | Palm Harbor | $358,000 | – | 73 d |
| Townhomes of Seminole Isle · agent | Seminole | $642,000 | – | 41 d |
| Azalea Shores · agent | Largo | $400,000 | – | – |
| Towns at Union · agent | St. Petersburg | $632,000 | – | 9 d |
| Innovation Townhomes · agent | St. Petersburg | $655,000 | – | – |
| Oak Ridge · agent | St. Petersburg | $795,000 | – | 95 d |
| Reflection St. Pete · agent | St. Petersburg | $1.20M | – | 178 d |
| Alante · agent | St. Petersburg | $628,000 | – | 84 d |
| Montrose at Innisbrook · agent | Palm Harbor | $649,000 | – | 147 d |
| Castille Urbana · agent | St Petersburg | $819,000 | – | 170 d |
| New England Sub · agent | St. Petersburg | $685,000 | – | 7 d |
| Latitudes in the Park · agent | Pinellas Park | $754,000 | – | 159 d |
| Northeast Park · agent | St. Petersburg | $1.28M | – | 80 d |
| North Lake Estates · agent | Tarpon Springs | $935,000 | – | 154 d |
| Viceroy Residences Clearwater Beach | Clearwater Beach | – | – | 181 d |
Communities are listed by recent closing volume in Momentum’s MLS data. Figures are aggregates, change over time, and are deemed reliable but not guaranteed.
Buying new construction without leaving money on the table
Builders in these communities are competing on incentives — rate buydowns, closing-cost credits, and price adjustments. The right comparison is never sticker price: a $20,000 rate buydown and a $20,000 price cut produce different monthly payments. Run the actual trade with our builder incentive calculator before you sign.
The two costs new-construction buyers miss
First, property taxes: year one is often billed on the unimproved lot, then the assessment resets to your purchase price — model the real year-two bill with the property tax after purchase calculator. Second, CDD bonds: many new communities carry a community development district assessment on the tax bill for decades. Ask for the CDD annual amount and remaining term in writing, and always use your own inspector at the pre-drywall and final stages — builder warranties are not a substitute.
What it costs to own here
At Pinellas County’s typical combined millage of 19.39 mills, a purchase at $719,500 (the median across these new construction communities) generates roughly $13,948 a year in property tax before exemptions — about $1,162 a month. Florida resets the assessed value to roughly your purchase price, so the seller’s current bill is not a preview of yours; a homesteaded owner then gets the $25,000–$50,000 exemption and the 3% Save Our Homes cap going forward. Citizens Property Insurance policies in Pinellas County average about $1,911 a year ($159 a month) — private-market quotes vary with roof age and wind mitigation, so price coverage before your inspection window closes. All-in, our county model puts the typical monthly cost of ownership in Pinellas County near $2,236 (principal and interest on the typical home, tax, and insurance).
Run your exact numbers: the property tax after purchase calculator uses Pinellas County’s verified millage, and the buyer closing costs calculator builds the full cash-to-close.
Demand and supply in Pinellas County right now
In the most recent IRS migration data (2022-2023), Pinellas County lost a net 1,182 people to relocation, with the largest inbound flows from NY, CA, NJ. Households moving IN reported average incomes of $95,596 versus $74,796 for those leaving — the income mix of demand, straight from tax filings. Population is up about 0.3% over the recent multi-year window. On the supply side, builders pulled 4,198 residential permits in Pinellas County in 2025 (1,376 single-family), up 59.8% year over year. Permits are tomorrow’s inventory: a shrinking pipeline supports prices, a swelling one hands buyers leverage. Our valuation model reads the county as overvalued by about 7.5% versus its income-and-rent fundamentals.
The Pinellas County market, in context
Pinellas is the most densely populated county in Florida — a built-out peninsula between the Gulf and Tampa Bay, home to the #1-rated Clearwater Beach, St. Petersburg's vibrant arts scene, and a deep healthcare-and-tech economy. The 2024 storm season (Helene and Milton) reset how buyers weigh its coastline, making flood zones and elevation central.
The economy behind the market: {'drivers': 'healthcare, tourism and the beaches, manufacturing (marine and aerospace), financial services, and technology', 'summary': "Pinellas balances a beach-tourism economy with serious corporate weight. Raymond James Financial and Jabil are headquartered in St. Petersburg, Honeywell Aerospace and TD Synnex anchor Clearwater, and healthcare runs deep with BayCare and Johns Hopkins All Children's Hospital. Tourism along the Gulf beaches is a year-round engine, and St. Petersburg's downtown has become a magnet for tech and creative firms.", 'employers': ['Pinellas County Schools', 'BayCare Health System', 'Raymond James Financial (St. Petersburg HQ)', 'Jabil (St. Petersburg HQ)', 'Honeywell Aerospace (Clearwater)', 'TD Synnex (Clearwater HQ)', "Johns Hopkins All Children's Hospital", 'Pinellas County government'], 'jobNote': 'Raymond James Financial and Jabil are headquartered in St. Petersburg; TD Synnex anchors Clearwater.'}
What could change it: Pinellas is one of the most storm-surge-vulnerable counties in the country, and Hurricanes Helene and Milton in 2024 brought serious flooding to low-lying coastal neighborhoods — a turning point for how buyers weigh elevation and flood zones. Insurance is high and rising, the peninsula is essentially built out (limiting new supply), and AE flood zones are common near the water. Higher-ground north-county areas carry materially less risk.
Near-term outlook: Expect a divided market over the next 12 months: beach and waterfront demand remains strong but is being repriced by 2024 flooding and insurance, while higher-ground inland and north-county areas gain favor. Overall pricing should be flat-to-soft near the coast and steadier inland.
Run the numbers in Pinellas County
- Find the best agent in Pinellas County
- Get a cash offer in Pinellas County
- Pinellas County housing scorecard
- What would selling net you
- Buyer closing costs calculator
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Common questions
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Community classifications are compiled from MLS-reported amenities, verified amenity records and MLS build-year data, as of 2026-06-16; they are informational, change over time, and are deemed reliable but not guaranteed — verify details with each association. Not an offer of housing to any protected class to the exclusion of others. Equal Housing Opportunity.