Top Most Expensive Places to Live in Tampa Bay: Cities & Neighborhoods

The livability. The amenities. The exclusivity. The allure. There are a number of reasons why Zillow named the Tampa Bay area one of the country's hottest real estate markets. For starters, Tampa area home values are on pace to grow 24.6% this year—10% higher than any other area.

When it comes to luxury, Tampa continues to place itself in the conversation alongside other statewide spots like Miami and Orlando. And while there was a time when this growth, wealth, and exclusivity may have been a secret, those days are changing. 

Defined by its vaunted restaurant and shopping meccas, nightlife and art scenes, and cultural and sports attractions, the Tampa Bay area is one of Florida's most alluring living destinations. 

Following is a snapshot of some of the Tampa area's most expensive and exclusive cities and neighborhoods to live in (listed in alphabetical order):

Beach Park

Considered among the most affluent neighborhoods in Tampa, the mostly residential Beach Park in South Tampa originally was one of several 1920s Florida Land Boom communities to spring up in and around Tampa. Today, Beach Park is among the most desired addresses in what is known as "Old Tampa." Within five minutes of anywhere in South Tampa, Beach Park is defined by its oak trees and palms, azaleas and dogwood, and Southern pines and philodendrons. The area also offers stunning beach-side views and easy access to the Bay.  

 Culbreath Isles

Culbreath Isles is named after Col. Harry Culbreath, who came to the Tampa area following the Civil War. Fleeing his war-torn home state of South Carolina, Culbreath took up residence cultivating oranges and raising cattle. Today, defined by its dredged canals and filled-in fingers, Culbreath Isles is one of the most coveted neighborhoods in Tampa. Known as one of the area's finest single-family gated communities, the homes in Culbreath Isles over breathtaking panoramic views of Old Tampa Bay, offering a private and secure neighborhood.

Davis Islands

Known for its epic views of Downtown Tampa, the historic Davis Islands feature a spate of lavish, pastel-colored Mediterranean-style buildings harkening back to the 1920s. Residents are drawn to its eclectic mix of downtown cafes and pubs, and a stretch of parks and green spaces, including Marjorie Park Municipal Yacht Basin and Marjorie Park, and the canine-friendly Davis Islands Park. With its close proximity to Downtown Tampa and views of the Port of Tampa, local residents include sports icons Derek Jeter and Tom Brady, among others.

Downtown Tampa

A majestic waterfront. Award-winning parks. Family-friendly entertainment. A vibrant nightlife. A wealth of cultural collections. Downtown Tampa has it all. More than anything else, having direct access to all of these options gives the downtown area its appeal. Add to it the access residents have to Downtown Tampa's waterfront and green spaces and there are things to do year-round. Featured spots include the David A. Straz, Jr. Center for the Performing Arts, the Florida Aquarium, Curtis Hixon Waterfront Park, and much more.

 Harbour Island

Just a bridge ride away from the mainland, Harbour Island offers easy access to the amenities of areas like Davis Island. The Island, with its mix of privately owned apartments condos, row houses, and small and large homes, it is what the locals call an island getaway. One of its more appealing amenities is the TECO Line Streetcar—an "in-town" trolley that connects the island to downtown and Channelside, and Neighborhood Electric Vehicles (NEVs), which also connect the island to other core neighborhoods such as Hyde Park.

 New Suburb Beautiful

Nestled within historic Hyde Park, New Suburb Beautiful is one of South Tampa's most sought-after neighborhoods. Featuring tree-lined streets, and a mix of impeccably maintained historical and modern homes, the area is defined by the South Howard—what the locals call the "SoHo" district—which features a wide variety of cafes, bars, and neighborhood restaurants. Residents also can visit Hyde Park Village—just a short drive away, the outdoor shopping areas offer cafes, boutiques, restaurants, and shops. 

 Palma Ceia

Another of Tampa's most exclusive neighborhoods, the upscale and trendy Palma Ceia—translated: "heavenly palm"—offers scenic views from the western side of Hillsborough Bay. Steeped in history, the street names throughout the neighborhood all have names from the old section of Havana, Cuba. The story is that Angel Cuesta, president of Cuesta-Rey cigars, shared a map of Havana with neighborhood developer Thomas Palmer. Along with its highly-rated schools, Palma Ceia offers a number of shops, bars, restaurants, and parks.

Parkland Estates

The sister neighborhood of Palm Ceia, Parkland Estates is defined by its historic homes. With its close proximity to Downtown Tampa, the area offers community parks, including access to Bayshore Boulevard, one of the world's largest sidewalks. The scenic, curvy greenway offers some of the best views of Tampa Bay and the downtown Tampa skyline. Parkland Estates also is close to the SoHo (South Howard) entertainment district.

Posted by Smith & Associates Real Estate on


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