New Construction Homes in North Pinellas County: Rarer Than You Think — But They’re Out There

by Rhonda Worley

If you’ve been searching for a brand new home in North Pinellas County and come up empty, you’re not imagining things. New construction here is genuinely rare — and that’s actually one of the most important things to understand about this market.

But here’s what most buyers don’t realize: rare doesn’t mean impossible. Right now, in 2026, there are three legitimate new construction opportunities in North Pinellas that most buyers simply don’t know about — because they’ve already assumed there’s nothing out there and stopped looking.

If that sounds like you, keep reading. Because what’s available right now covers a remarkable range — from resort-style luxury single-family homes to attainable townhomes with builder incentives that are genuinely hard to find in today’s market.

Why Is New Construction So Rare in North Pinellas?

North Pinellas County — the stretch of communities that includes Tarpon Springs, Palm Harbor, Dunedin, Safety Harbor, and Oldsmar — is one of the most established and desirable areas on Florida’s Gulf Coast. And that’s exactly why new construction is so hard to find here.

The land is largely built out. These aren’t sprawling suburbs with open fields waiting to be developed. They’re mature, charming communities with tree-lined streets, established neighborhoods, and very little raw land left. Builders simply don’t have many places to build.

This scarcity is actually good news for buyers who do find new construction here. A brand new home in an in-demand, established community like Palm Harbor or Oldsmar holds its value very differently than a new home surrounded by hundreds of identical houses in a far-flung suburb. You’re getting the best of both worlds: new construction quality in a location that already has decades of proven desirability behind it.

Three New Construction Opportunities Worth Knowing About Right Now

Montrose at Innisbrook — Toll Brothers | Palm Harbor

This is the most prestigious new construction opportunity in North Pinellas right now — and honestly, one of the most exciting new home communities anywhere in all of Tampa Bay. Toll Brothers, America’s luxury home builder, is building a gated master-planned community inside the legendary Innisbrook Resort in Palm Harbor.

Innisbrook needs little introduction to anyone who loves golf. Home to the iconic PGA TOUR’s Valspar Championship, the resort offers world-class golf, a spa, multiple pools, and restaurants — and Montrose residents live right inside it. This is country club living with a brand new home. There is simply nothing else like it in all of Tampa Bay.

Three collections to choose from:

Townes Collection — Luxury townhomes, 2,094–2,278+ sq ft, from $571,995 | 6 Quick Move-In homes available now ($571K–$689K)
Highbridge Collection — Single-family homes, 2,282–3,146+ sq ft, from $903,995
Torrance Collection — Luxury single-family homes, 2,714–3,964+ sq ft, from $1,083,995

Current incentive: Toll Brothers is currently offering 50% off Design Studio options up to $50,000 on select homes — a significant savings on upgrades and finishes that can make a real difference in your final home.

The six quick move-in townhomes are particularly noteworthy — these are completed or nearly completed homes ready for a fast closing, priced from $571,995 to $689,000. In a resort community of this caliber, that’s a genuinely compelling entry point.

Harbor Landing — D.R. Horton | Palm Harbor

D.R. Horton, the largest homebuilder in the United States, is now selling townhomes at Harbor Landing on Pleasant Avenue in Palm Harbor. If you’ve been priced out of the single-family market or are looking for a low-maintenance lifestyle without sacrificing the appeal of a brand new home, this community deserves a serious look.

What’s available:

3 bed / 2.5 bath / 1 garage townhomes, 2 story, 1,463–1,464 sq ft
Two floor plans: Pearson A (from $356s) and Pearson B (from $351s)
11 homes currently for sale, priced from $350,990
All concrete block construction on both floors — a significant advantage for Florida hurricane resilience and insurance costs

Current incentives (through March 31, 2026):

Up to $15,000 in Flex Cash/Closing Costs on select inventory homes (including $10,000 with DHI Mortgage)
$5,000 in upgrades: lanai screen enclosure, cabinet hardware, glass shower enclosures, extended hard surface flooring, epoxy garage floor, appliance package, and blinds
FHA special interest rate of 4.99% (5.843% APR) with just 3.5% down on select inventory homes — must close by May 29, 2026

That 4.99% FHA rate is a headline number when the current market rate for a 30-year mortgage is hovering around 7%. For a first-time buyer or someone downsizing, the monthly payment difference is significant. This is exactly the kind of insider detail that most buyers don’t find out about until they’re already sitting in the sales office.

Odeon Square — DRB Homes | Downtown Oldsmar — Opening April 2026

Oldsmar is one of those North Pinellas communities that locals love but the broader market consistently underestimates. It’s a waterfront town with a tight-knit feel, easy access to Tampa Bay, and a price point that still makes sense compared to its neighbors. And this spring, it’s getting something it has never had before: a brand new, downtown luxury townhome community.

DRB Homes — which acquired premium Florida builder Biscayne Homes in 2024 — is opening Odeon Square at 510 St. Petersburg Drive E in downtown Oldsmar in April 2026. This is a 82-unit, three-story townhome community located right next to the public library, steps from the shops and restaurants along Tampa Road.

Key details:

82 three-story townhomes with two-car garages
4 bed / 3–3.5 bath, 2,259–2,828 sq ft with four floor plans
Every home includes balconies and/or porches
18 units with live/work commercial space — ideal for remote workers or entrepreneurs
Community pool, cabana, bike parking, and a city-commissioned art installation at the entrance
Opening April 2026 — pricing not yet publicly announced

Odeon Square is genuinely one to watch. Downtown Oldsmar is walkable, charming, and growing. A four-bedroom townhome with a two-car garage and a balcony in a walkable downtown setting is a product that doesn’t exist anywhere else in North Pinellas right now. If you want to be among the first to know when pricing and availability are announced, reach out and I’ll put you on my early access list.

Why You Want a Builder-Experienced Agent in Your Corner

Here’s something most buyers don’t know: when you walk into a builder’s sales office without your own agent, the person you’re talking to works for the builder — not for you. Their job is to sell homes at the best possible price for their employer.

Here’s something most buyers don’t know until it’s too late: once you register at a new construction sales office without an agent, I cannot be added to your transaction later. Builders have strict policies about this — and it’s not personal, it’s just how it works.

If you want to explore any of these communities, let’s do this together. Having me by your side from the very first visit costs you nothing extra — the builder pays my commission — but it means you have a teammate whose only job is to protect your interests, ask the right questions, and make sure you feel confident at every step of the process. Not someone whose job is to sell you a home.

Don’t Assume There’s Nothing Out There

The biggest mistake buyers make in North Pinellas is assuming the new construction market doesn’t exist and never asking. These three opportunities are limited and they move — especially when builders are offering incentives like 4.99% interest rates and $50,000 in design credits that make the numbers dramatically better than resale.

Whether you’re looking for resort-style luxury at Innisbrook, an attainable townhome in Palm Harbor, or a downtown Oldsmar lifestyle that doesn’t exist yet but will in a matter of weeks — I can walk you through all of it.

Rhonda Worley | Red Sash Realty

Your North Pinellas New Construction Expert