$814 a Square Foot and a Second Parking Space Nobody Else Has: Inside Art House Residence 2001
Downtown St. Petersburg's most efficiently priced new-construction residence pairs a rare two-space parking configuration with a list price already sitting below its own closed comps.
Executive Summary
Residence 2001 at Art House is a 2,167-square-foot, 3-bedroom / 3.5-bath home on the 20th floor of one of downtown St. Petersburg's newest towers, positioned in the building's premium “01” Artisan stack with partial Tampa Bay views. It is listed at $1,765,000 - $814.49 per square foot and includes two full-size parking spaces, a configuration only one other unit in the building's current comparable set shares.
The most directly comparable transaction, Residence 2501, the identical 2,167 SF Artisan plan with the same two-space parking configuration, closed on 05/07/26 for an adjusted value of $1,800,000. Two additional closed “01”-stack sales corroborate this, producing a three-sale average adjusted value of $1,806,667 and an indicated market range of $1,755,000 to $1,865,000. In plain terms: Residence 2001 is offered roughly $35,000 to $42,000 below what comparable units in its own stack have already sold for, and it is currently the only Artisan floor plan above the 20th floor available under $2 million in the building.
The Number That Gets Attention: $814 a Square Foot
New construction in downtown St. Petersburg rarely prices this efficiently. Among modern towers delivering 2,000+ square foot, three-bedroom residences, Residence 2001's $814.49 per square foot stands out as one of the most competitive entry points to new construction in the city, well below other active “01”-stack listings in the same building, which currently ask as much as $991.69 per square foot on higher floors.
That price point isn't a function of a lesser residence, it's the same 2,167 SF Artisan floor plan, the same three-bedroom, three-and-a-half-bath layout, and the same partial Tampa Bay views found throughout the stack. The difference is timing and positioning, and it currently favors the buyer.
A Parking Configuration the Building Can't Replicate
Residence 2001 comes with two full-size, adjacent parking spaces in a 42-story tower where most “01”-stack residences carry only one. That second space was acquired at the developer's original $65,000 price point and now carries an independently supportable resale value of $75,000, based on a recent transaction in the building. With ~12 developer units remaining in Art House's inventory, secondary-market parking is expected to price above $100,000 once that inventory sells out, making the second space in Residence 2001 an embedded, appreciating asset layered on top of an already below-market list price.
Priced Below Its Own Comps
The three most recent closed sales in the “01” stack - normalized for floor height and parking configuration - all land above the subject's current list price:
Comparable | Status | Parking | Adj. Value | Adj. $/SF |
#2501 | Sold 05/07/26 | 2 Spots | $1,800,000 | $830.64 |
#2401 | Sold 05/07/26 | 1 Spot | $1,755,000 | $809.88 |
#2701* | Sold 02/05/26 (Dev.) | 1 Spot | $1,865,000 | $871.50 |
*Residence 2701 is a developer sale that closed with zero cumulative days on market; included as supporting evidence. Source: Stellar MLS data as of 07/12/2026, Comparative Market Analysis, Art House “01” stack, floor and parking adjustments per developer floor-premium schedule.
Active listings in the same stack and one same-square-footage secondary reference in the building's “06” line, range from $1,645,000 to $2,149,000 in unadjusted asking price, underscoring how much room exists above Residence 2001's current position.
Scarcity and Proof of Demand
Residence 2001 is, at present, the only Artisan floor plan above the 20th floor available under $2 million anywhere in Art House. And the buyer pool for this stack is demonstrably active: the two most recent “01”-stack closings transacted in 62 days and zero days respectively, the latter an off-market resale at full value. That is not a stack waiting for buyers; it's a stack that buyers are already competing for.
The Building: Art House
Art House is a 42-story tower developed by The Kolter Group, completed in 2025–26 in the heart of downtown St. Petersburg. It is positioned among the most amenitized new towers in the city, with modern finishes and building systems throughout, the kind of ground-up construction quality that resale buyers in older Gulf-front towers can't retrofit their way into.
The Bottom Line
Residence 2001 combines three things that rarely show up together in one listing: the most efficient price per square foot available in new-construction St. Petersburg, a two-space parking configuration with its own appreciating value, and a list price that already sits below its own closed comparable sales. For a buyer or investor evaluating new construction in downtown St. Petersburg, that combination is the definition of priced right, positioned better.
Private showings available by appointment.
Kelli Welch 727-642-2199 · [email protected]
Tim Welch 727-239-1837 · [email protected]
Michael Saunders & Company | 449 Central Avenue, Suite 104 | St Petersburg, FL 33701
