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Neighborhood · Clearwater, Florida

Penthouse Groves

Affordable Clearwater condo living close to the coast

8

Homes for sale

$172,450

Median list price

$151

Avg price / sqft

6

Median days on market

Search Penthouse Groves on the map

Penthouse Groves is a compact, budget-friendly pocket of Clearwater where condo living keeps you within easy reach of the Gulf beaches and the everyday conveniences of central Pinellas County. It sits in good company alongside established communities like On Top Of The World and Cove Cay, with the barrier-island calm of Sand Key and the energy of Downtown both a short drive away. It's the kind of place that works for a first purchase, a downsizer, or a low-maintenance seasonal base.

For buyers, this is one of the more accessible entry points in the area right now. There are just 5 active listings with a median list price of $165,000, and homes are averaging $146 per square foot on a median size of about 1,270 square feet. With a median of 42 days on market and sellers netting around 94% of asking, there's room to negotiate without the frantic pace you'll find in pricier waterfront enclaves.

Penthouse Groves is a community in Clearwater, Florida.

Quick facts

$119,999$339K price range

1,270 sqft median home

$631/mo median HOA

14 sold in 12 months

Drive times

Tampa Int’l Airport (TPA)33 min
Downtown Tampa39 min

On the market now

Homes for sale in Penthouse Groves

Every active listing inside the Penthouse Groves boundary

Open full map search →

Find your fit

Browse Penthouse Groves

Where the market lives

6
1
1
<$200K$200K–$300K$300K–$400K

The numbers that matter

The Penthouse Groves market

14

Sold, last 12 months

$144,350

Median sold price

94%

Sale-to-list ratio

What sellers actually get vs asking

98 days

Median time to sell

Penthouse Groves vs Clearwater

Median list price

Penthouse Groves$172K
Clearwater Co.$279K

Price per sqft

Penthouse Groves$151
Clearwater Co.$279

Days on market

Penthouse Groves6d
Clearwater Co.53d

Median sold price — 3-yr, 3-mo rolling

21.5% yr/yr

$125K$168K$210KSep ’23Jul ’26

Homes sold per month

023Sep ’23Jul ’26

Live Stellar MLS data — every listing and closed sale inside the Penthouse Groves boundary. Rolling medians smooth single-month swings in small communities.

For the school run

Schools Penthouse Groves is zoned for

Attendance boundaries overlapping this community — always verify zoning with the district.

What it really costs

Owning here

Owning the median Penthouse Groves home

$1,968/mo

Principal & interest $909
Property tax $218
HOA / fees $631
Insurance (est.) $210

$172,450 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

$631/mo

Median HOA

From current listings inside the boundary

Population

329

Median age

57

Median income

$50,190

Median home value

$290,500

Beyond the listings

Living in Penthouse Groves

Hobbies & Interests

Top 4% in the U.S.

Dog Lovers

Pups are just another member of the family. Dog lovers adore their tail-wagging friends and are looking for new ways to make them happy.

Appearance oriented

Top 4% in the U.S.

Trend Trackers

This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.

Hobbies & Interests

Top 5% in the U.S.

Animal Advocates

Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.

Active

Top 8% in the U.S.

Yoga Advocates

Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.

Hobbies & Interests

Top 9% in the U.S.

Natural Beauty

This population marvels at the beauty of nature, and they want to capture every breath-taking scene.

Active

Top 14% in the U.S.

Outdoor Adventures

Appreciating the outdoors, this population wants to actively engage with nature. Whether it's finding a new hiking trail or looking for the perfect spot to catch the sunset, they seek to explore the world around them.

People who close here

Our Clearwater experts

Straight answers

Penthouse Groves FAQs

Is Penthouse Groves a good place to live?+

It's a practical choice if you want affordable, low-maintenance condo living close to Clearwater's beaches and central Pinellas amenities. You're about 33 minutes from Tampa International Airport, and established neighbors like On Top Of The World speak to the area's appeal for buyers who value convenience over flash.

Is it expensive to buy here?+

No, this is one of the more affordable pockets in the area, with a median list price of $165,000 and active listings ranging from $119,999 to $339,000. At an average of $146 per square foot, it's a genuine value compared with waterfront communities like Sand Key.

What do homes cost in Penthouse Groves?+

The median list price is $165,000 and the median home is about 1,270 square feet. Over the last 12 months, 13 homes sold at a median price of $155,000, so actual sale prices tend to land a bit below asking.

How is the market right now?+

It's a calm, buyer-friendly market with 5 active listings and a median of 42 days on market. Sellers are getting around 94% of their asking price on average, which means there's typically some room to negotiate.

What about HOA fees and property taxes?+

Expect a median HOA fee of about $621 per month, which is typical for a condo community and usually covers building and grounds maintenance. Median property taxes run around $2,701 per year, keeping overall carrying costs reasonable at this price point.

Keep exploring

More Clearwater neighborhoods

Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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