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It's a pretty good bet that the real estate is about as cheap as it will get around there. It's pretty bad. Mostly second homes or out of control development. Beware of the chinese drywall. I'm not a 'beware of XXX' guy, but this is serious. Most development was cheap, fast, and lazy. Chinese drywall and similarly shitty materials should be expected in general 'development' scenarios.
Tampa itself is a Disney version, imo, of where people go for fun but don't really mean it. YBAR is the downtown hotspot, the "Bourbon Street' of Tampa. Except you can't look sideways, can't play skip, can't do...X. Very highly patrolled, very highly regulated. If you've been to New Orleans, the Keys, Vegas, etc...Simply strolling down the street with a drink in hand in khakis might realistically get you questioned. It's not a police state, but if you're young and vibrant it's a little off-putting to be an urban downtown that resembles a 'family-friendly' entertainment arena (see: Disneyland).
The rest of the place is blue hairs and long, 2-3 lane stretches. The place caters to that. You can find alternatives is you seek it out, but there is a possiblilty you won't have the will after a while.
Beaches, sunshine, fishing is killer. St. Pete is pretty cool, and there is some great architecture around.
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