Real Estate Views from St Pete

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400 Beach luxury condo St Petersburg Florida Market Update December 2007

400 Beach - downtown St Petersburg400 Beach  -  downtown St Petersburg, Florida

 Market Update - December 2007

 

Though you can't tell from this photo, 400 Beach looks across this park to the Vinoy Basin, the Vinoy Marina, and out into Tampa Bay. Also not in the photo are the spaces for shops and restaurants on the ground floor, which aren't open yet.

 

The first closings started this month, and will probably go on until March. Yes, someone has already moved in!

 

9 sales have appeared in the MLS so far, ranging from $639,000 for a smaller unit not in the tower, to $1,685,000 for a front unit with 3,534 sq ft.

 

The developer, Opus, still have a few units left. There are 6 units in the Multiple Listing Service, including one "resale" that has closed. They range from $1,675,000 to $5,500,000. HOWEVER - there are really more condos for sale. Nearly a dozen more are on local REALTOR® websites, apparently waiting to close before going into the MLS, and I know of at least another 2 whose owners want to sell. So - already there are 19 on the market,  ranging from $900,000 to $5,500,000. If you want a new, LARGE waterview condo, these will probably be the last new ones for a couple of years.

 

There are still some "new", meaning not yet lived in, condos for sale in Parkshore Plaza, another luxury condo project on Beach Drive in downtown St Petersburg, just a block to the south.

 

If view and size aren't as important to you as price, then there are both new and resale units in other buildings downtown. 

Comments

Sharon,

Wow, these must really be luxurious! I had no idea there were condos priced like this in the area. I'd love to see some of the interiors, they must really be something.

Posted by Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA (Preferred Home Brokers) over 4 years ago
Lynda - St Pete has really changed from the time it was regarded as a sleepy retirement city. Several downtown condo buildings have units that have sold over $3,000,000. Some of the larger new ones are over $5,000,000. I posted earlier today about a record condo sale of $4,400,000. Most of the new ones are empty, so you don't get a sense of feel - I encourage any sellers of vacant condos (or houses) to stage them, so that they will have warmth and appeal.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 4 years ago

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