Thorntons Add Real Estate

Thorntons Add Real Estate

Welcome to Thorntons Add, a hidden gem nestled in the vibrant city of St. Petersburg, Florida. This charming subdivision is situated in Pinellas County, where the sun shines bright, and the coastal lifestyle beckons. Thorntons Add is characterized by its friendly atmosphere and close-knit community, making it an ideal place for families, retirees, and anyone seeking a peaceful yet engaging environment.

As you stroll through the tree-lined streets of Thorntons Add, you’ll discover a delightful mix of quaint homes, each with its own unique character. The neighborhood boasts a variety of architectural styles, reflecting the rich history and diverse culture of St. Petersburg. Residents here enjoy spacious yards, perfect for family gatherings, gardening, or simply soaking up the Florida sun.

One of the standout features of Thorntons Add is its prime location. Just minutes away, you’ll find beautiful parks, recreational facilities, and the stunning waterfront that St. Petersburg is renowned for. Whether you’re looking to enjoy a leisurely day at the beach, explore local art galleries, or indulge in the vibrant dining scene, everything you need is within easy reach.

The sense of community in Thorntons Add is palpable, with neighbors often coming together for local events and gatherings. The area is also conveniently located near schools, shopping centers, and public transportation, making it a practical choice for both families and professionals.

If you’re searching for a welcoming neighborhood that combines the charm of small-town living with the excitement of city life, look no further than Thorntons Add in St. Petersburg. Discover your new home in this delightful community today!

Newest Listings in Thorntons Add

$1,490,000
9 Beds 7 Baths Thorntons Add SubDv. 33701 Zip Code
The 7-Unit 335 On Fifth Avenue is located three blocks to St Petersburg’s Beach Drive and waterfront parks making it an ideal permanent residence or short-term stay accommodation. Whether a year-round resident or visitor to Tampa / St Pete, tenants and guests are just four blocks to the iconic “Beach Drive Scene”. Situated in the heart of downtown and bordering the leafy redbrick avenues and stately homes of exquisite Historic Old Northeast, Beach Drive is the de facto hub for an expansive variety of popular fine dining and entertainment, sophisticated nightlife, chic galleries, superb people watching, and expansive waterfront parks. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New St. Pete Pier, Watch Discovery Center and Museum of History, to name a few. With typically more than 360 days of sunshine each year, plenty of trails to explore, and a work-life balance that happens to include beach days, it's no wonder the city of St. Petersburg was named the best place to live in Florida according Livability. In addition to its long-standing record for consecutive days of sunshine, among the city’s most prized amenities is its natural beauty with more than 200 miles of shoreline along Tampa Bay to the Gulf, Boca Ciega Bay and intercoastal waterways. Throughout the year there are more than 1,000 special events and festivals ranging from yachting, farmers markets, music festivals, sporting events, concerts and a variety of cultural venues. The 335 On Fifth Avenue is currently operated with four traditional 12-month lease units. Three units are offered on a short-term basis with typical duration of three- to four-night stays. Based on the projected year-one stabilized income and Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase and include normal and customary property management fees, the $1,490,00 Offer Price represents approximately a 12% Cap Rate. Without adjusting for the pro-forma income increase, yet still applying the Buyer’s projected year-one expense increases, the Cap Rate is approximately 7.2%. The 335 On Fifth Avenue is ideally suited for discerning investors seeking to establish a foothold in dynamic downtown St Petersburg. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire 335 On Fifth Avenue. Please contact the Listing Agent for financial details, additional information regarding the Property and Offering, and to schedule a tour of the Property.

335 5th Avenue N, St Petersburg

Start Your Search