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Downtown St Petersburg Luxury Condos

By
Real Estate Agent with Coastal Properties Group International - Christie's International

Downtown St Pete condosDowntown St Petersburg, Florida

A few years ago I added a new niche to my business - luxury downtown condos in St. Petersburg, Florida. St Pete has transformed from a sleepy town of retired folks to a vibrant lifestyle that's in demand. Within the last decade five luxury condominium projects have been built along* the waterfront and others have been built within a few blocks of there. 

From a location and planning perspective, what makes downtown St Pete unique is that these waterfront* condos aren't lined up along the water, blocking the views from everyone going by - along the waterfront is a sidewalk, then a street, then a series of parks, then another street and THEN the condos! So everyone can enjoy the parks and the many concerts and art shows that take place in the parts, can walk along the waterfront, and all can enjoy. Traffic? not a problem, except for during a big even, such as First Night (New Year's Eve) or the Grand Prix races.

What also makes it nice is that these condo buildings along Beach Dr NE are required to have retail on the street level. That makes for interesting walking. There is a further requirement that the buildings can only go up 2 or 3 stories there along the sidewalk - then the tower has to step back toward the rear of the property. That keeps a comfortable feel for those walking along - you don't sense a wall of high buildings.

Add to this lots of restaurants, sidewalk cafes, museums, shops, a multi-theater movie complex, historic buildings, trees and benches - it's fabulous. Old and young are moving downtown, and many of them are selling their cars, or keeping one just for times they head over to the beach (though you can take the trolley from downtown to the beach).  

These "front line" condos are generally priced from $750,000 to over $5,000,000. Choose one a block or two away, or find a smaller unit without a water view in one of these "front" buildings and you may be able to buy one for $250,000 less. 

What's even nicer is that I can show these condos without a car - we can just walk from my office to the various buildings. I find that walking to a property gives a better sense of what it would be like to live downtown. 

Downtown St Pete

Posted by

Sharon Simms
CIPS CRS CLHMS CRB RSPS
Coastal Properties Group
CHRISTIE'S International Real Estate
238 Beach Drive NE
St Petersburg, FL 33701
www.ssimms.com    www.coastalpgi.com   www.christiesrealestate.com
(727) 898-2582    Sharon@SimmsTeam.com

 

Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation
Those are some pretty pricey condos, Sharon, but I bet it's fun to show them.  Anyone who can afford that price for a condo probably has it pretty nicely decorated.  I'll be they're a joy to show!
Feb 10, 2008 09:23 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Margaret - I do love showing them. The decorating depends on what they brought from their prior home - and how much of it they brought. One building was completed last year, had several speculators who bought, so there are several look-alike vanilla units on the market. Too bad they haven't listened to advice about staging them.
Feb 10, 2008 09:25 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
You did good adding that to your niche Sharon...and BTW....loved this post and the lovely pictures!
Feb 10, 2008 10:37 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Thanks, Sally.  I'm having fun as well as success with the niche - that makes life really good, doesn't it?
Feb 10, 2008 10:52 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
Makes life wonderful! :)
Feb 10, 2008 12:13 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK
Great pictures and write Up. Keep up the good work. I line the retail space on the lower level.
Feb 10, 2008 01:22 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Judi - I do, too. Makes for a much more interesting walk.
Feb 10, 2008 07:53 PM
Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs
You know I believe if I did it all over again when I was in Orlando. I would have bought a condo and not rented the apartment. What I great way to go. You still can do everything and no yard maintenance. Renting is just throwing away money. I wish I understood that back then as I do now. Go sell these places. I would say market the apartments with seminars.
Feb 13, 2008 03:02 AM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate
I think this sounds like a good niche for you....imagine being able to walk from your office for showings!
Feb 13, 2008 07:50 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS

Susan - it's more effective to market them on the internet than with seminars.

Diane - it sure does spoil you! 

Feb 13, 2008 11:03 AM
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ
AzLadyInRed

Sharon, beautiful photos with clear blue skies, white puffy clouds. Similar to our fair state of Arizona.  Amazing prices........wow!!!

Pepper

Feb 14, 2008 08:43 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Teri - I enjoyed Arizona last month when I attended the Luxury Conclave in Scottsdale, and previously at the CyberStar conference in Phoenix. I love the deep blue skies and stars out there, though last month was really chilly for us Florida folks.
Feb 14, 2008 11:26 AM
Gary Bolen
McCall Realty - South Lake Tahoe, CA
CRS - Lake Tahoe Real Estate Information

Nice informative piece Sharon, and the photos are terrific. Read some about your class in Hawaii, and that sounded like it would have been cool to attend. Wish we could have. Also thanks for your input on the featured discussion yesterday. Yep, we do agree with you about how well AR is doing. We also thought it was a very cool move to bring Rich inside.

Trust this year so far is serving you well

cheers

Feb 14, 2008 02:29 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS

Gary - you would have enjoyed the CLHMS class - we're teaching it in Washington DC in May and in Miami in June. Maybe one of those will work for you.

Florida is an interesting market these days. We're turning lemons not only into lemonade but into lemon meringue pies.

Hope your year is great, too. 

Feb 15, 2008 09:00 AM
Anonymous
rrsafety

Visited St. Pete for the first time this week. Wow... I love the set up and the livability.... very nice.  Had an opportunity to see some of the modern condos, but were much more taken by some of the older ones. For insance, there is a set of condos, probably 40 years old or so, at the north corner of 10th Ave NE and N. Shore Drive that are simple, have views, and have an old time laid back feel. More like old St. Pete I imagine than the Miami feel some of the newer condos give off. These older ones aren't "luxury", but it depends on what livestyle you want. Condo fees are much lower too.

I'm not a buyer or seller in the market, just visited for business and an associate was showing me the different aspect of the city and the value/price point/lifestyle of the older condos really caught my eye.

 

 http://maps.google.com/maps?q=1000+North+Shore+Dr+NE,+St+Petersburg,+FL+33701,+USA&sa=X&oi=map&ct=title

Feb 16, 2008 12:48 AM
#15
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
rrsafety - glad you enjoyed your first visit to St Pete. The condo you mentioned is Whispering Waters, and I posted  some additional information on that building and some others. Hope your business will bring you back to our wonderful city.
Feb 16, 2008 06:38 AM