490 87th Avenue NorthNew Construction Home in St Petersburg, FL
St Petersburg, FL 33702 · Pinellas County
$829,000
$420/sq ft
Photos of 490 87th Avenue North
1 / 30Who is building this home?
This home is listed as built by Peregrine Construction. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Virtually Staged. Incredible 4.99% rates! Unlock luxury living and an unbeatable deal. Terraces at 87th’s preferred lender is offering an unbeatable 4.99% interest rate. Opportunities like this don’t come often! Welcome to the newly completed Terraces at 87th, an exclusive townhome community, where luxury and convenience come together! Designed for modern living, these maintenance-free homes feature resort-style amenities, including a community pool, dog park, fire pits, grilling stations, and a relaxing lounge area—perfect for enjoying the Florida lifestyle. Each home offers spaciousness and premium details, with an expansive 4-car garage that provides unmatched space for all your vehicles, toys, and storage needs. Plus, the garages are pre-wired for electric car charging, making them future-ready. Inside, you'll find a thoughtfully-designed, single-level floor plan with an open-concept living area, abundant natural light, and 9-foot ceilings. The kitchen, perfect for entertaining, features 42-inch cabinetry, a waterfall island, and gas stainless steel appliances. The owner’s suite offers a private retreat with a walk-in closet, morning bar, and a spa-like walk-in shower. Each home also features a private rooftop terrace, perfect for relaxing or entertaining, with options like a jacuzzi tub, summer kitchen, or solar panels. Experience the best in luxury living with this highly amenitized community! Contact us to learn more and schedule your visit.
Home details and costs
- MLS number
- TB8441525
- Property type
- Townhouse
- Build stage
- Move-In Ready
- Builder
- Peregrine Construction
- Heated square feet
- 1,976 sq ft
- Total under roof
- 3,753 sq ft
- Stories
- 2 Story
- Lot size
- 0.06 acres
- Subdivision
- Terraces at 87th Townhomes Phase I Lot 4
- HOA fee
- $391.56/mo
- Annual property tax
- $12,144 (current assessment)
- Days on market
- 358 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$6,854
$82,900 down (10%) on a $746,100 loan
- Principal and interest
- $4,716
- Property tax (estimated)
- $1,169
- Homeowners insurance
- $267
- HOA
- $392
- PMI (under 20% down)
- $311
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
This listing shows real leverage signals. Here is what its own numbers say.
On the market 358 daysStrong signal
Past six months on a finished home means the builder has been carrying taxes, insurance, and interest on it the whole time. That cost is real and it is why concessions get easier the longer a home sits.
Finished and standingWorth knowing
A completed home with a Certificate of Occupancy is inventory, not a future sale. Builders treat standing inventory very differently from a lot they have not broken ground on.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
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Listed by Smith & Associates Real Estate. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 490 87th Avenue North, St Petersburg, FL 33702 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.