Bayfront Tower Condominium - downtown St Petersburg - Market Update
Bayfront Tower was the first of the downtown St Petersburg water"front" condos, built in 1975. We locals consider this waterfront, since it has a wonderful, open view of the water, but in reality, two streets and two parks separate the building from the water. This is one of the largest downtown condos with 240 units. Most of the recent condo buildings have their common facilities on a lower floor, but this one has the 28th and 29th floors as common areas, so the views are magnificent. Units have just one parking space, but it's currently the only building that has valet parking included in the monthly maintenance fee. Many of the units have been totally renovated and some owners have combined two adjacent units to make one large one. Kitty-corner from the St Petersburg Yacht Club, the club has been known to deliver meals to members who have been unable to walk over to the Club. Some owners are still there from the 70s, including some of the pillars of the St Petersburg community. When not in Tallahassee, Governor Charlie Crist lives here also.
There are commercial spaces on the bottom two floors, then the parking, then the residential units, then on the top, the common areas. In 2007 there were 10 sales, ranging from $260,000 for a 1 bedroom unit on the city side to $480,000 for a 3 bedroom unit(1,925 sq ft) on the city side. Only one unit sold with a full water view, which was a 1 bedroom unit. There hasn't been a larger unit sold since 2005 when one sold for $1,300,000.
Currently there are 16 condominiums units (less than 7% of the units) listed in the MLS, ranging from $282,000 to $1,000,000. There are no age limits for residents, and pets are allowed.
