A new price record for a condo in Pinellas County, Florida, was set this month with a sale on Clearwater Beach in the Residences at Sandpearl Resort. In this photo from JMC, the resort is at the left and the residences are on the right. 50 of the 253 rooms and suite in the hotel are condo/hotel units; there are 117 condominiums in separate buildings, which can share service of the luxury resort such as room service.
One of the condos sold this month for $4,400,000, a record for Pinellas County. To my knowledge there have been five sales in the $3 Millions - interestingly enough, three of the five are in JMC Communities. Two of them sold on Clearwater Beach this year, one other in Sandpearl and one just to the south in Mandalay Beach Club. The third JMC condo in the $3,000,000 to $4,000,000 range was a resale in The Grande on Sand Key, just south of Clearwater Beach. which sold in 2005.
The other two sales were in downtown St Petersburg, one last December in Parkshore Plaza and the other in 2005 zt Vinoy Place. The Grand Bohemian, also downtown St Petersburg, is showing a contract over $5,000,000 on a pre-construction unit - but it's sometimes a long way from contract to closing in today's market.
