Thorntons Add Real Estate

Thorntons Add Real Estate

Welcome to Thorntons Add, a charming subdivision nestled in the heart of St. Petersburg, Florida. Located in Pinellas County, this community offers a perfect blend of suburban tranquility and urban convenience.

Thorntons Add is renowned for its picturesque streets lined with beautiful homes and lush greenery. The neighborhood exudes a sense of community and pride, making it an ideal place to call home. Whether you're a young family, a working professional, or a retiree, Thorntons Add has something to offer for everyone.

One of the major advantages of living in Thorntons Add is its prime location. Situated in St. Petersburg, residents have easy access to a wide range of amenities and attractions. From trendy restaurants and boutique shops to stunning parks and recreational facilities, everything you need is just a stone's throw away. The neighborhood also boasts excellent schools, making it an attractive choice for families with children.

In addition to its convenient location, Thorntons Add offers a variety of housing options to suit different preferences and budgets. From cozy single-family homes to spacious townhouses, there is a property that will meet your needs. The well-maintained streets and manicured lawns add to the overall appeal of the subdivision.

If you're looking for a peaceful and welcoming community in St. Petersburg, Thorntons Add is the perfect place to settle down. With its ideal location, beautiful homes, and strong sense of community, it's no wonder why so many people choose to call Thorntons Add home.

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

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