St. Petersburg expanded its ADU ordinance in 2023 to broaden where backyard cottages are permitted as-of-right. Combined with strong rental demand and no owner-occupancy requirement, St. Pete is one of the best Florida markets for a Tooly investor.
The City of St. Petersburg permits ADUs in all single-family residential districts under its updated 2023 ordinance. The framework is one of the most investor-friendly in Florida:
| Tooly unit (delivered, furnished, finished) | $85,000 |
| St. Pete building permit + impact fees | $2,500 – $5,200 |
| Foundation + site prep | $9,500 – $17,500 |
| Utility tie-ins | $5,000 – $12,000 |
| Total installed cost | $102,000 – $119,700 |
Furnished 1-bedroom rents in St. Pete's core neighborhoods (Old Northeast, Historic Kenwood, Crescent Heights, Grand Central) sit at $1,450–$1,750/month. Downtown and beach-adjacent areas push past $1,900. Lack of owner-occupancy makes this an ideal pure investor market.
Realistic timeline from contract to move-in: 13–17 weeks.
No owner-occupancy rule, strong rents, fast permits. Tell us your address.
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