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400 Beach luxury condo in downtown St Petersburg Florida – Market Update 4-20-09

400 Beach, a luxury condo in downtown St Petersburg, Florida, has 93 units on 29 stories. Closings began in December 2007 and the developer still has 18 unsold condo units, just under 20%.

The Multiple Listing Service shows 26 condos currently on the market (28%) which includes only 8 of the developer’s 18 units, so there are potentially 36 condos available, which is 39% of the total. Current prices range from $749,000 to $3,900,000.

So far in 2009 only one condo has closed at 400 Beach, selling for $1,200,000. It had 3,306 sq ft, which is $363/sq ft.

There are currently 5 condos for rent in the MLS, ranging from $3,500/month to $5,000/month.  Two of these units are also offered for sale, probably a “whichever comes first” scenario.  During the last year, the Pinellas Realtor Organization Multiple Listing Service shows 12 condos were leased at 400 Beach, ranging from $3,000/month to $5,000/month. Five of these were rented in 2009 from $3,000/month to $4,000/month.

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  1. Stan Morse

    Thanks

    Stan

    I have forwarded this info to some of my friends

  2. 400 Beach luxury condominiums in downtown St Petersburg - breaking news 4-23-09

    […] based in Atlanta, which has been in business for 56 years. Earlier this week I posted a specific market update for 400 Beach for both sales and rentals. Opus is currently accepting “Nonbinding” offers on their […]

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