Thorntons Add Real Estate

Thorntons Add Real Estate

Welcome to Thorntons Add, a charming subdivision nestled in the heart of St. Petersburg, Florida. This delightful community offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

Thorntons Add is characterized by its inviting streets lined with well-maintained homes, where neighbors greet each other with warm smiles. The area boasts a variety of architectural styles, from cozy bungalows to modern single-family homes, providing a diverse selection for prospective buyers. The lush landscaping and mature trees create a picturesque setting, enhancing the overall appeal of this friendly neighborhood.

Residents of Thorntons Add enjoy easy access to the vibrant culture and recreational opportunities that St. Petersburg has to offer. Just a short drive away, you’ll find the stunning waterfront parks, bustling downtown area, and world-class dining and shopping options. The nearby Gulf beaches are perfect for sun-soaked weekends and leisurely strolls along the shore.

Families will appreciate the proximity to top-rated schools, parks, and community centers, fostering an environment that encourages active lifestyles and social engagement. The local community is known for its strong sense of belonging, with various events and activities throughout the year that bring residents together.

Whether you're looking to settle down in a welcoming neighborhood or invest in a property that embodies the Florida lifestyle, Thorntons Add is a fantastic choice. Experience the charm and convenience of this wonderful community, where your dream home awaits!

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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