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Signature Place – $225,000

Notes from Rob:

Signature Place

Was showing a client some rental condos this week in downtown St Petersburg.  Not many to choose from if you want one of the high rises and you have a limited budget.  Found a very nice one in Bayfront Towers on the 15th floor for $1,500 a month.  Great location, updated appliances, new paint and carpeting…faces west, so no water view.  Is 1-bedroom, but has 1,300 square feet.  Unfortunately, it is right across the street from the newest condo building…Signature Place.  From the balcony you can see the entire building, its beautiful outside recreation area with a pool with cabanas, lounge chairs, and putting green….all say “don’t you want to live here!”  After that, my client gave up on the other buildings.  Believe it or not, they have one 1 bedroom unit for only $225,000.  What a price to get into the building and all the amenities.  With a monthly maintenance fee of only $380 (that includes building insurance, cable, telephone, internet, water…everything but electricity) it was one heck of a deal.  You can get the same 1 bedroom with a water view for only $338,000.  If you want the real view, a 2-bedroom unit on the 15-th floor can be had for only $375,000.  The developer will start closing on the first units in June and then potential clients can get into the tower and see the units themselves.  For now, you can see what it looks like on the outside and know that Signaure Place will be a welcome addition to downtown St Petersburg. 

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