Enclave at Sabal Pointe

Jones Lang LaSalle (“JLL”) is pleased to exclusively present Enclave at Sabal Pointe (the “Property”), a 240-unit value-add opportunity in St. Petersburg, one of Tampa Bay’s most desirable and supply-constrained submarkets. The 1973-vintage, concrete block community sits less than 20 minutes from the Gateway Business District (114,000 employees) and Downtown St. Pete (40,000 employees), with three major hospitals within a 10-minute drive. Additionally, it is just minutes from the Skyway Marina District and a short drive from both downtown St. Petersburg and the Pinellas County beaches. With 201 of its 240 units (84%) still classic or partially renovated, a new owner has the opportunity to unlock significant value through targeted interior upgrades, capturing an estimated $380,280 in additional annual rent while benefiting from recent ownership's investment in the roofs, exteriors, parking lots, pools, and clubhouse. This rare investment opportunity combines durable construction with substantial embedded upside in a submarket projecting 4.3% additional rent growth according to RealPage.