Old NE St Petersburg was the first established neighborhood within the City of St. Petersburg. Its amenities, proximity to downtown and parks, and coherent and traditional sense of neighborhood continue to be its strengths nearly a full century after it first became a residential area.
The neighborhood land originally was comprised of pine trees, palmettos, sand flats, salt marshes, and several streams, ponds, and artesian wells. Today’s Sunken Gardens was a lake, fed in part by runoff from Crescent Lake. The land has a natural and gradual downward slope from 4th Street to the waterfront; the highest point is just over 40 feet near 9th Avenue N and 4th Street. The geology was formed by the sea level’s intermittent rise and fall over thousands of years that created shoreline bluffs and marine terraces. Prior to land redevelopment, the shoreline north of 5th Avenue had small white sand bluffs, four to five feet high, and a sandy beach below.
Throughout St. Petersburg residential home building activity declined during the Depression. Over the next couple of decades, new homes slowly occupied vacant lots until the neighborhood was built-out by the 1950s. In the 1960s and 1970s, the appeal of new suburbs prompted homebuyers to look elsewhere and portions of the neighborhood reached a nadir for lack of maintenance and loss of vitality. [The neighborhood association was founded in 1974.]
Prompted by a new desire for urban living and tax laws that favored home rehabilitation, the neighborhood started a rejuvenation in the 1980s. After being threatened with demolition about this time, the Vinoy Hotel underwent a total restoration and re-opened in 1992 thus inspiring a keener interest in the surrounding areas of the neighborhood.
Market Spotlight: Historic St. Petersburg | Premier Sotheby’s International Blog