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Neighborhood · Clearwater, Florida

Penthouse Groves

Affordable Clearwater condos close to the coast

6

Homes for sale

$182,000

Median list price

$156

Avg price / sqft

15

Median days on market

Search Penthouse Groves on the map

Penthouse Groves sits in the heart of Clearwater, a Pinellas County pocket built around low-maintenance condo living rather than sprawling single-family lots. It's the kind of place that appeals to buyers who want the Gulf Coast lifestyle without the Gulf-front price tag, with easy connections to Downtown Clearwater and neighboring communities like Sand Key and Cove Cay. Tampa International Airport is about 33 minutes away, which keeps travel and commuting practical.

For a buyer today, this is one of the more accessible corners of the Clearwater homes for sale market. Active listings are limited — just six on the market — with a median list price of $182,000 and homes moving in about two weeks. The tradeoff is condo economics: expect an HOA around $642 a month, which is worth weighing against the low entry price and property taxes near $2,619 a year.

Penthouse Groves is a community in Clearwater, Florida.

Quick facts

$109,900$339K price range

1,270 sqft median home

$642/mo median HOA

13 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

4
1
1
<$200K$200K–$300K$300K–$400K

The numbers that matter

The Penthouse Groves market

13

Sold, last 12 months

$138,700

Median sold price

95%

Sale-to-list ratio

What sellers actually get vs asking

94 days

Median time to sell

Penthouse Groves vs Clearwater

Median list price

Penthouse Groves$182K
Clearwater Co.$279K

Price per sqft

Penthouse Groves$156
Clearwater Co.$279

Days on market

Penthouse Groves15d
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

$2,029/mo

Principal & interest $959
Property tax $218
HOA / fees $642
Insurance (est.) $210

$182,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

$642/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 suits buyers who want a low-maintenance, well-connected base in Clearwater rather than a big yard. You're close to Downtown and the coast, with assigned schools including Ponce De Leon Elementary, Largo Middle, and Largo High. The condo lifestyle here trades upkeep for convenience and affordability.

Is Penthouse Groves expensive?+

No — it's among the more affordable parts of Clearwater, with a median list price of $182,000 and listings ranging from $119,999 to $339,000. The main ongoing cost to budget for is the condo HOA, which runs a median of $642 a month.

What do homes cost in Penthouse Groves?+

Current active listings carry a median list price of $182,000, while homes sold over the past 12 months closed at a median of $138,700. At about $157 per square foot for a typical 1,270-square-foot unit, it's a value-driven segment of the Clearwater homes for sale market.

How is the market in Penthouse Groves?+

It's a small, fast-moving market — only six active listings and 13 sales in the past year, with homes going under contract in a median of 14.5 days. Sellers are averaging 95% of their asking price, so pricing tends to be grounded and negotiation room is modest.

What about HOA fees and property taxes?+

Because this is condo-oriented, the median HOA fee is $642 a month, which typically covers building and common-area maintenance. Property taxes run around $2,619 a year, so factor both into your monthly budget alongside the purchase price.

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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