Palma Ceia is a relatively affluent neighborhood in Tampa, Florida. Located southwest of downtown Tampa, Palma Ceia is home to Palma Ceia Country Club and is located adjacent to the exclusive Golfview community. Aesthetically, Palma Ceia is known for its bricked streets - akin to those in Ybor City – and the street names throughout the neighborhood are of Cuban origin, coming from streets in the old section of Havana.
What is the community of Palma Ceia like?
Ranked by Niche as the fourth-best neighborhood to raise a family in Tampa, Palma Ceia is a thriving community that enjoys the highest quality of life. Located just 4 miles from Tampa’s downtown, Palma Ceia offers its residents the best of Tampa’s exceptional recreational opportunities, as well as incredible professional and business prospects. Downtown Tampa is filled with a myriad of fantastic things to do and is fronted on two sides by water, the Hillsborough River on the west and Tampa Bay to the south, and even has an island as a sub-district.
The neighborhood is known for being home to the opulent Palma Ceia Country Club, which was founded in 1916 and is Tampa's premier golf and country club, offering the best of what golf has to offer combined with the rich tradition that comes with being the Tampa's oldest private golf club. The club has been graced by the presence of some of golf’s greatest players – among them Arnold Palmer, Jack Nicklaus, Walter Hagen, and Babe Zaharias. , the club’s fitness center, Olympic-sized swimming pool, clay tennis courts, and multiple foods and beverage offerings, combined with a year-round social calendar, make it the ideal private golf and country club.
Thanks to the nearby downtown, residents of Palma Ceia can also enjoy a plethora of other recreational activities including riding classic streetcars, strolling by the picturesque river walks, or taking a dinner cruise under the stary sky. , there are museums and art galleries to explore, fascinating historical landmarks to capture, as well as several great theaters, bars, nightclubs, and restaurants to socialize in.
What is Real Estate like in Palma Ceia?
Real estate in Palma Ceia has shown enormous growth over the recent years. According to movoto.com, the home prices in Palma Ceia have grown by more than 134.5% between March 2017 and March 2021. , according to Buster Levin, local real estate agent, home prices in Palma Ceia have also shown decent growth over the last year. The sale prices of homes in Palma Ceia have experienced a growth of more than 15.3% from May 2020 to May 2021. Also, Redfin categorizes Palma Ceia’s housing market as ‘very competitive’.
The median home price in Palma Ceia is around $875,000. Currently, there are 46 active homes for sale in Palma Ceia, and normally it takes 44 days for a listed home to sell. Moreover, according to Niche, the average cost to rent a house in Palma Ceia is $1,979 per month. At present, of all the homes and apartments in the neighborhood, 77% are owned and the remaining 23% are rented.
How is the economic landscape of Palma Ceia?
Over the last year, Palma Ceia’s job market has grown by 2.3%, while its unemployment rate stands at a decent 5%. The US average is 6%. Also, the city’s job market is expected to grow by 42.7% over the next ten years.
On average, a Palma Ceia resident earns around $59,500 per annum, substantially higher than the US average of $28500. The city’s median household income of almost $98,000 per resident is also much greater than the US average of approximately $53000. Most of the residents of Palma Ceia work in manufacturing, retail, finance, real estate, educational services, art and entertainment, professional and technical services, accommodation, and healthcare.
How are the schools in Palma Ceia?
Palma Ceia is covered by Hillsborough County School District, which plays home to 321 schools and 203,439 enrolled students. , Palma Ceia also lies in proximity to many colleges including, among others, Hillsborough Community College, Remington College, and Florida College.
When it comes to higher education, Palma Ceia, being a suburb of Tampa, lies in proximity to two incredible universities – the University of South Florida (USF) and the University of Tampa (UT). The University of South Florida (USF) is a public research university with campuses in Tampa, St. Petersburg, and Sarasota, Florida; with the main campus located in Tampa. USF is home to 14 colleges, offering more than 180 undergraduate majors as well as graduate, specialist, and doctoral-level degree programs.
, founded in 1956, USF is the fourth-largest university in Florida and seventh-largest public university in the United States, with an enrollment of 50,830 students from over 145 countries, 50 states, and the District of Columbia as of the 2020–2021 academic year.
Palma Ceia in a nutshell
To sum up, Palma Ceia is a thriving community that enjoys the best of Tampa’s living just a skip away from Tampa’s vibrant downtown area. The neighborhood plays home to the pristine Palma Ceia Country Club and offers its residents easy access to Tampa’s top-notch outdoor recreational and professional opportunities. If you are mulling over moving to Tampa, Florida, Palma Ceia would make an excellent place to be your next abode.