Sales for individual condo units have reached their highest level in almost ten years.
In October, a couple paid $1.45 million for their 28th-floor apartment in the Towers of Channelside, setting a Tampa record. In December a gulf-front condo at Clearwater Beach sold for $3.13 million, a bay area record and last month a penthouse in Parkshore went for $2.8 million, making it the most expensive condo purchase in downtown St. Petersburg.
The shortage of existing downtown condos for sale is fueling the interest in St. Petersburg condos projects that haven’t even been built. Among others, Bliss is a 30-unit high rise off Beach Drive and The Salvador (near the Dali Museum) has pre-sold many of their units. One St. Petersburg has taken 82 deposits on sales approaching $75 million in just a matter of weeks.