400 Beach
Luxury Condos at 400 Beach Drive NE in downtown St Petersburg Florida
400 Beach luxury condos at 400 Beach Drive NE in downtown St Petersburg has 18 unsold units. Since Wachovia foreclosed on the developer, Opus South, potential buyers have been wanting to know what's happening. Will Wachovia sell them individually, in a package, and how much will they sell for?
Yesterday prospective purchasers who submitted Letters of Intent months ago and their agents were called and notified that the condos were now available, and the buyers were given the price at which "their" unit would be sold. They were invited to submit revised Letters of Intent at the released price. They have a short window of opportunity before Monday, February 22nd, when prices will be released to the public and the properties entered into the Multiple Listing System.
bet there are some excited buyers out there -
Indeed there are. Combining this with the upcoming auction at Signature Place there's a lot of real estate buzz in downtown St Pete.
this is really interesting since I have a buyer looking for somelthing in downtown - I will be watching the MLS to see what gets listed! thanks for the information!!!
Sharon I am glad to see activity in your market and hope you and the family are doing well! BTW are you attending the Luxury Portfolio meeting in Las Vegas next month?
Barbara Jo - there are some good buys there. Are your clients going to the Signature Place auction?
Russell - this week has been filled with buzz about downtown and prospective buyers calling. No, I won't be in Vegas as we're not members of Luxury Portfolio. Hope you learn a lot there!
Sharon, anything I learn I will pass on because I gave quite a lot from you and THANKS!
Any word on prices? Have they been entered into MLS yet? Should be fun.
Russell - thanks. I look forward to hearing from you.
rrsafety - The condos at 400 Beach have not yet been entered into the MLS.
As of 2/22/10 prices for 12 units at 400 Beach (6 sold over the weekend) were from $565,845 to $1,890,000.
As of 2/26/10 with 4 more sold at 400 Beach and 8 available, prices went up 10% and ranged from $622,430 to $1,772,694.
Thanks for posting the prices...interesting.....
rrsafety - you're most welcome. Our clients have already closed on their unit and a couple more have gone under contract.