Owner-Occupied vs Investor Neighborhoods in Pinellas County
Who owns a neighborhood tells you how it will behave: homesteaded blocks turn over slowly and vote for the HOA budget; investor-heavy ones rent, flip and swing with the market. Florida publishes the answer parcel by parcel on the county property appraiser’s roll, and this page rolls it up for every Pinellas County community we track — the homestead share (owner-occupancy), the estimated non-owner-occupied share, out-of-state owners and LLC/trust ownership.
Across 2911 Pinellas County communities and 899,019 residential parcels on the 2025 Florida DOR roll, 67% of homes are homesteaded — the owner-occupancy proxy — and 33% are not; 7% are owned from out of state and 11% are held by an LLC, corporation or trust. Frank Estates is the most owner-occupied community in the county at 100%; Montrose At Innisbrook the most investor-held at 0% homesteaded.
Most owner-occupied communities in Pinellas County
| Community | City | Homesteaded | Non-owner-occupied | Parcels | Built (median) |
|---|---|---|---|---|---|
| Frank Estates | Seminole | 100% | 0% | 39 | 1983 |
| Oakbrook Estates | Clearwater | 100% | 0% | 30 | 1998 |
| tarpon woods | Palm Harbor | 98% | 2% | 79 | 1993 |
| Bayou West | Pinellas Park | 97% | 3% | 35 | 2000 |
| Winslow Park | Tarpon Springs | 97% | 3% | 33 | 2007 |
| Countrypark | Clearwater | 97% | 3% | 166 | 1988 |
| Kensington Isle | Seminole | 97% | 3% | 31 | 2011 |
| Deerpath | Oldsmar | 96% | 4% | 49 | 1988 |
| Scotsdale Bluffs | Dunedin | 95% | 5% | 65 | 1998 |
| Manning Oaks | Palm Harbor | 95% | 5% | 43 | 2004 |
| Renaissance Oaks | Clearwater | 95% | 5% | 42 | 2011 |
| Majestic Oaks | Clearwater | 95% | 5% | 39 | 2016 |
| Wellington Estates | Oldsmar | 95% | 5% | 38 | 2015 |
| Eagle Estates | Clearwater | 94% | 6% | 55 | 1987 |
| Boot Ranch - Eagle Ridge | Palm Harbor | 94% | 6% | 71 | 1990 |
| Boot Ranch - Eagle Ridge | Palm Harbor | 94% | 6% | 71 | 1990 |
| Landmark Woods | Clearwater | 94% | 6% | 70 | 1979 |
| Cypress Lakes Estates | Tarpon Springs | 94% | 6% | 52 | 1996 |
| aylesford | Palm Harbor | 94% | 6% | 136 | 1996 |
| Cypress Cove Estates | Tarpon Springs | 94% | 6% | 51 | 2002 |
| Spanish Manor | Dunedin | 94% | 6% | 50 | 1980 |
| windtree oaks | Seminole | 94% | 6% | 66 | 1987 |
| Woods At Lake Seminole | Seminole | 94% | 6% | 65 | 1997 |
| Glenbrook West | Palm Harbor | 94% | 6% | 48 | 1991 |
| Woods At Lake Seminole | Seminole | 94% | 6% | 48 | 1990 |
Most investor-held communities
Lowest homestead share — rentals, second homes and flips concentrate here.
| Community | City | Homesteaded | Non-owner-occupied | LLC / trust | Parcels |
|---|---|---|---|---|---|
| Montrose At Innisbrook | Palm Harbor | 0% | 100% | 100% | 56 |
| Whitney Townhomes | Clearwater | 0% | 100% | 100% | 61 |
| Summerset Villas | Clearwater | 3% | 97% | 85% | 39 |
| Harbor Landing | Palm Harbor | 4% | 96% | 59% | 83 |
| Pleasant Valley | Palm Harbor | 6% | 94% | 31% | 49 |
| Hallmark | Clearwater | 14% | 86% | 31% | 36 |
| Townhomes Of Seminole Isle | Seminole | 17% | 83% | 39% | 66 |
| Azalea Shores | Largo | 19% | 81% | 24% | 58 |
| Hibiscus Gardens | Clearwater | 21% | 79% | 28% | 89 |
| Hibiscus Gardens | Clearwater | 21% | 79% | 28% | 89 |
| Gulf View Cabin Villa | Indian Shores | 22% | 78% | 38% | 365 |
| indian rocks beach | Indian Rocks Beach | 22% | 78% | 39% | 486 |
| High Point Mundays | Clearwater | 22% | 78% | 35% | 101 |
| Seminole Geneva | Seminole | 22% | 78% | 39% | 59 |
| Williams Bill Madeira Harbor | Madeira Beach | 22% | 78% | 39% | 41 |
| Crystal Bay Travel Park Inc Unrec | Palm Harbor | 23% | 77% | 4% | 73 |
| Elaine Estates | Largo | 25% | 75% | 26% | 65 |
| Crystal Bay M/H Club Inc Unrec | Palm Harbor | 26% | 74% | 3% | 35 |
| Meadows Condo At East Lake Woodlands | Oldsmar | 26% | 74% | 15% | 136 |
| Wrights | Indian Rocks Beach | 27% | 73% | 36% | 59 |
| Canvas Wad | St Petersburg | 27% | 73% | 54% | 48 |
| Prathers Sixth Royal | St Petersburg | 27% | 73% | 30% | 44 |
| Palma Del Mar | St Petersburg | 28% | 72% | 6% | 91 |
| Scott Park | St Petersburg | 28% | 72% | 28% | 32 |
| Villas Of Sunset Grove | Clearwater | 29% | 71% | 24% | 79 |
Most out-of-state owners
| Community | City | Out-of-state | Homesteaded | Parcels |
|---|---|---|---|---|
| Montrose At Innisbrook | Palm Harbor | 86% | 0% | 56 |
| Crystal Bay Travel Park Inc Unrec | Palm Harbor | 51% | 23% | 73 |
| Windrush North Condo | Tarpon Springs | 46% | 47% | 78 |
| Windrush North | Tarpon Springs | 46% | 47% | 78 |
| Windrush North Iii Condo | Tarpon Springs | 46% | 47% | 78 |
| Townhomes Of Seminole Isle | Seminole | 46% | 17% | 66 |
| Sunset Palms | Pinellas Park | 44% | 30% | 146 |
| Meadows Condo At East Lake Woodlands | Oldsmar | 44% | 26% | 136 |
| Crystal Bay M/H Club Inc Unrec | Palm Harbor | 43% | 26% | 35 |
| SAND KEY Condo SOUTH BEACH 1460 | Clearwater | 43% | 32% | 98 |
| Windrush Bay Condominiums | Tarpon Springs | 41% | 41% | 140 |
| Palma Del Mar | St Petersburg | 41% | 28% | 91 |
| Seascape Condo Tarpo | Tarpon Springs | 38% | 46% | 68 |
| Seascape Condo Of Tarpon Springs | Tarpon Springs | 38% | 46% | 68 |
| Highland Lakes Mission Grove Condo | Palm Harbor | 37% | 32% | 59 |
Highest LLC, corporate or trust ownership
| Community | City | LLC / trust | Homesteaded | Parcels |
|---|---|---|---|---|
| Montrose At Innisbrook | Palm Harbor | 100% | 0% | 56 |
| Whitney Townhomes | Clearwater | 100% | 0% | 61 |
| Summerset Villas | Clearwater | 85% | 3% | 39 |
| Harbor Landing | Palm Harbor | 59% | 4% | 83 |
| Canvas Wad | St Petersburg | 54% | 27% | 48 |
| Great Oaks Of Ozona | Palm Harbor | 54% | 32% | 114 |
| Grand Bay Heights | Palm Harbor | 43% | 46% | 151 |
| Burghstreamss | Palm Harbor | 42% | 46% | 191 |
| Milton Park | Clearwater | 42% | 34% | 122 |
| Townhomes Of Seminole Isle | Seminole | 39% | 17% | 66 |
| indian rocks beach | Indian Rocks Beach | 39% | 22% | 486 |
| Seminole Geneva | Seminole | 39% | 22% | 59 |
| Williams Bill Madeira Harbor | Madeira Beach | 39% | 22% | 41 |
| Gulf View Cabin Villa | Indian Shores | 38% | 22% | 365 |
| Innovation Townhomes | St Petersburg | 37% | 35% | 170 |
How to read this
Homestead exemption is claimed by owners who live in the home as their primary residence, so the homestead share is a close proxy for owner-occupancy; the non-owner-occupied estimate is its complement adjusted for parcels that cannot claim it. Out-of-state and LLC/trust shares come from the owner mailing address and owner name on the roll. Communities are matched to parcels by subdivision and street; figures are for the parcels matched (n shown), not necessarily every home. Source: Florida Department of Revenue NAL assessment roll, 2025, compiled by Momentum Research, September 2026. Back to homes for sale in Pinellas County.