Thorntons Add Real Estate

Thorntons Add Real Estate

Welcome to Thorntons Add, a charming subdivision located in the beautiful city of St. Petersburg, in Pinellas County, Florida. This well-established community offers a variety of housing options and a prime location that residents love.

Thorntons Add is known for its peaceful atmosphere and friendly neighborhood feel. The homes in this subdivision range from cozy single-family houses to spacious multi-level properties, ensuring there's something to suit every lifestyle and budget. With tree-lined streets and meticulously maintained lawns, Thorntons Add exudes a sense of pride and community spirit.

Living in Thorntons Add means enjoying the best of both worlds. The subdivision offers a tranquil suburban setting, while still being conveniently close to all the amenities that St. Petersburg has to offer. Residents can easily access shopping centers, restaurants, parks, and recreational facilities, ensuring there's always something to do.

Nature enthusiasts will appreciate the abundance of outdoor activities available nearby. From exploring the stunning Gulf Coast beaches to hiking and biking through the scenic trails of nearby parks, there's no shortage of ways to enjoy the great outdoors.

Families with children will also appreciate the excellent school districts serving Thorntons Add, ensuring a quality education for the younger residents.

If you're looking for a peaceful and welcoming community in St. Petersburg, Thorntons Add is the perfect place to call home. With its convenient location, attractive homes, and friendly atmosphere, it's no wonder that residents love living in this charming subdivision.

Newest Listings in Thorntons Add

$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

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