Thorntons Add Homes with No Deed Restriction Community Extras

Welcome to Thorntons Add, a hidden gem nestled in the vibrant city of St. Petersburg, Florida. Located in the heart of Pinellas County, this charming subdivision offers a unique blend of comfort, convenience, and a true sense of community. One of the standout features of Thorntons Add is its welcoming atmosphere, characterized by a diverse array of homes and a neighborhood spirit that makes every resident feel at home.

Thorntons Add is particularly appealing for those seeking flexibility in their lifestyle, as it is a homes-with-no-deed-restriction community. This means that homeowners enjoy the freedom to personalize their properties without the constraints typically imposed by homeowners' associations. Whether you dream of cultivating a lush garden, parking your RV, or setting up a workshop, the possibilities are endless in this inviting neighborhood.

The location of Thorntons Add is another highlight, with easy access to St. Petersburg's stunning waterfront, vibrant arts scene, and an array of dining and shopping options. Residents can enjoy leisurely strolls along the beautiful beaches, partake in the local culture, or simply unwind in one of the nearby parks.

With a strong sense of community and the freedom to express your individuality, Thorntons Add is more than just a place to live—it's a place to thrive. Explore the charm and opportunities that await you in this delightful St. Petersburg neighborhood, where your dream home and lifestyle can become a reality!

Newest Thorntons Add Homes with No Deed Restriction Community Extras

$1,320,000

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 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.

335 5th Avenue N, St Petersburg

$3,500,000

4 Beds ⋅ 4 Baths ⋅ Thorntons Add SubDv. ⋅ 33701 Zip Code

Pre-Construction. To be built. PRECONSTRUCTION. TO BE BUILT. Prepare to be stunned by this jaw-dropping designer townhome located directly downtown! You will not find another more well built and unique townhome in all of St Pete. Built with ICF construction poured concrete walls and a poured concrete floor system, this home will be a true fortress. Featuring 20 ft ceilings on the bottom floor, a secondary loft area, and a completely walkable rooftop terrace, this home is here to impress and is made for entertaining! Home will also have an elevator that will take you from the bottom floor to the bedrooms on the third floor. The best part about it being pre-construction, is you, as the owner, have the ability to design the home just the way you want. This is one of two townhomes, so the home only shares one common wall with the neighboring townhome, and the lot is split in half, so you get your own private backyard, complete with a pool and detached garage. The garage is nearly 20 ft high and will feature a car lift so that you can fit two vehicles in each garage. Located just over a block from Beach Dr, you truly are living in the action of downtown!

145 5th Avenue N, St Petersburg

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