‘Runnin’ Down a Dream’ to buy a home? Tom Petty’s former oceanside pad lists for eye-catching price

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Sitting on the quaint, historic St. Augustine coastline is an iconic oceanside property that interested owners are “Runnin’ Down a Dream” to buy.

The late and great Tom Petty’s former beach retreat home – 5372 Atlantic View – is now on the market for $3,245,000 in Florida’s Anastasia Island. The 5-bedroom, 4-bathroom house was originally built in 1988 and sold by the singer’s first wife Mary Jane Petty in 2023.

“This area is known for its high elevation, strong dune protection and some of the best beaches in the region,” listing agent and Newcomer Group co-founder Luke Newcomer told Fox News Digital. “The home also offers rare features for oceanfront living: a private pool, direct beach access, and zoning that allows for short-term rentals – making it ideal as either a full-time residence or investment property.”

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Ocean property in Florida varies upon location and property type, ranging anywhere from $300,000 to more than $7 million, according to Realtor.com

Newcomer now works with the current homeowner who bought the property from Petty, which included two additional lots in the sale. They carefully subdivided and sold three separate lots to focus on a full-scale renovation of the Petty home.

Former Tom Petty Florida home

A front view of Tom Petty’s former St. Augustine beachfront home, which is now on the market for more than $3.2 million. (FOXBusiness)

The restoration project preserved much of the home’s original architecture and charm, “staying true to the spirit of the home where Tom Petty found inspiration and retreat,” while upgrading plumbing, electrical systems, roofing, resurfaced pool, a new paved driveway and rebuilt private beach boardwalk.

It spans more than 3,200 square feet and aims to seamlessly connect the different living spaces, according to the listing description. The home also includes sweeping Atlantic Ocean views.