What Is My Three Palms Point Home Worth?
Updated October 2026. Three Palms Point homes are valued on the canal lot, the seawall and dock, elevation, and above all on what happened in 2024 and what the city decided about it. A home with a non-substantial damage letter and permitted repairs is a different sale from one still waiting on a determination. Request a free written valuation and we will show you where your home fits.
We are John and Nicole Kavaliauskas, licensed Florida Realtors with LoKation Real Estate. Three Palms Point is a neighborhood of the City of St. Pete Beach, so city flood and permit rules apply. For the neighborhood itself, see our Three Palms Point guide.
What drives home value in Three Palms Point
Canal lot and boat access
Listings describe saltwater canal frontage with concrete seawalls (listing). Buyers compare the route and time to open water, canal depth and any bridge on the way out.
Damage determination and repairs
One recent listing reports that the city estimated its flood damage at 34.8% of the structure value and issued a non-substantial damage letter. That letter, the permits and the final inspections tell a buyer whether the home can be repaired as is or must meet current elevation rules. Have yours ready.
Age and elevation
One recent listing is a 1970 home in flood zone AE. Original ground-level homes and elevated or rebuilt homes appeal to different buyers and insure very differently.
Condo or single-family
County records list 198 units in the Three Palms Pointe condominium on 64th Avenue. For a condo, value also depends on the association’s reserves, milestone inspections, assessments and rental rules; see how to sell a St. Pete Beach condo.
Location near Corey Avenue
The neighborhood sits south of the Corey Avenue shops and restaurants. We compare against nearby canal neighborhoods such as Bahia Shores.
The 50% rule and what it means for a Three Palms Point home
The City of St. Pete Beach administers the FEMA substantial improvement and substantial damage rule. If repairs or improvements cost 50% or more of the structure market value, the building must be brought up to current floodplain rules, which can mean elevating or replacing it. The city explains its process on its substantial improvement and substantial damage page.
The city once counted improvements over a five-year lookback and shortened it to one year after the 2024 storms. In 2025 the Legislature passed SB 180, now section 163.31795, Florida Statutes, which bars local governments in the National Flood Insurance Program from adopting or enforcing any cumulative substantial improvement period. Confirm current practice with the Building Division before you budget a renovation. Our 50% rule guide for sellers covers how this affects a sale.
Storm history and seller disclosure
Buyers will ask what happened to your Three Palms Point home in 2024 and what was done about it. Florida requires residential sellers to complete a flood disclosure at or before contract under section 689.302, Florida Statutes, covering known flood damage during your ownership, flood insurance claims and federal assistance such as FEMA aid. Have permits, invoices and final inspections ready. If the home was damaged, see selling a storm-damaged home in Pinellas.
Value factors at a glance
| Factor | Why buyers care | What to have ready |
|---|---|---|
| Damage determination | Repair as is or rebuild | City letter, permits, final inspections |
| Canal lot | Boat access and route | Notes on depth and bridges |
| Seawall and dock | Repair cost | Permits, inspection reports |
| Elevation and flood zone | Flood premium and rebuild rules | Elevation certificate |
| Insurance | Monthly cost of ownership | Declarations pages, wind mitigation |
How Team Beachside builds a valuation
We prepare each valuation by hand, not with an automated estimate.
- Sold listings in Three Palms Point and nearby canal neighborhoods that match your canal lot, elevation, repair status, size and condition.
- Pending listings that show what buyers are committing to now.
- Active listings your buyers will compare you against.
- Expired and withdrawn listings that show which prices and conditions buyers passed on.
- Adjustments for water frontage, elevation, storm repairs and permits, renovation level, lot size and boat access.
You receive a written price range, the reasoning behind each comparable, and a list price strategy. If your home was listed before and did not sell, read why homes do not sell.
Seller checklist before you ask for a value
- Survey and elevation certificate
- Permits, invoices and final inspections for all work since 2024
- Any substantial damage letter from the city
- Flood and wind insurance declarations pages
- Wind mitigation and four-point inspection reports
- Seawall, dock and lift permits or inspection reports, if any
- For a condo: budget, reserve study, SIRS and milestone inspection reports, and the rental rules
Next step
Request your free Three Palms Point home valuation, read how to sell a storm-damaged home, or call or text (727) 955-1222.
Other St. Pete Beach neighborhood value guides: Belle Vista, Vina del Mar, Don CeSar Place, Boca Ciega Isle, Bahia Shores. For the whole city, see St. Pete Beach home values or browse home values by town.
This page provides general information only and is not an appraisal or legal, tax, or insurance advice. Values depend on the specific property and current market conditions. Flood rules, substantial damage determinations, permitting and rental regulations change; verify with the City of St. Pete Beach, Pinellas County, FEMA, your insurer or a licensed attorney. John and Nicole are licensed Florida Realtors with LoKation Real Estate.
What is my Three Palms Point home worth?
It depends on the canal lot, seawall and dock, elevation and flood zone, storm repairs and the city damage determination, size and condition. We build a written valuation by hand from sold, pending, active and expired listings that match those factors.
Does St. Pete Beach use the FEMA 50 percent rule?
Yes. If repairs or improvements cost 50% or more of the structure market value, the building must meet current floodplain rules. State law now bars cumulative lookback periods. Confirm current practice with the city Building Division.
Do I have to disclose hurricane flooding when I sell?
Yes. Section 689.302, Florida Statutes, requires residential sellers to disclose known flood damage, flood insurance claims and federal flood assistance at or before signing the contract.
