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Bayfront Tower Condominium – downtown St Petersburg, Florida

Bayfront Tower - downtown St Petersburg

Bayfront Tower was the first “waterfront” condo in downtown St Petersburg, Florida. Built in 1975, it has nearly 250 residential units and 11 commercial units. The units on the east side of the building have magnificent views of Tampa Bay. Units range from 1,146 sq ft for a 1 bedroom unit up to 3,673 sq ft for a double unit. Bayfront Tower is unique in having its common areas on top of the building, on the 28th and 29th floors, so every resident can enjoy 360 degree views, from Tampa Bay to the Gulf of Mexico, sunrises and sunsets. Also unique to the building is the valet parking, which is included in the maintenance fee.

24 condominiums at Bayfront Tower sold in 2012, ranging in price from $220,000 to $750,000, with an average price of $448,104.  Price per square foot ranged from $114 to $319. Some units are in original condition and others have been renovated to compare with the newest buildings. Nearly all of the interior walls are non-load bearing, giving great flexibility in reconfiguring floor plans.

        Check BAYFRONT TOWER CONDOS FOR SALE here.

Call or email The Simms Team at ALVA International, Inc. for additional information or to see any of these condos.

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Bayfront Tower Market Update 2013 1st Quarter

Bayfront Tower Condominiums

Bayfront Tower condominiums

 

Sales at Bayfront Tower have been brisker in the first quarter of 2013 than in the last several years (the last year with the current rate of sales was 2004). There have been 7 sales in 2013, ranging from $320,000 to $721,000. Price per square foot ranged from $261 to $328, with an average of $282/sq ft, an increase of 42% over last year. Size of units that sold this year ranged from 1,146 sq ft for a 1 bedroom unit to 2,200 sq ft for a 3 bedroom unit.

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2012 Market Update: Bayfront Tower condo in downtown St Petersburg, Florida

Bayfront Tower

Bayfront Tower condominiums

 

In 2012 there were 24 condominiums in Bayfront Tower condfo that sold, ranging from $220,000 to $750,000. The average price was $448,104. Prices per square foot ranged from $114 to $319, with an average of 198.  In 2011 there were 17 sales, ranging from $165,000 to $750,000 with an average price of $356,182.  Prices per square foot ranged from $123 to $243. So the average price increased by 26% from 2011 to 2012.  Of the 22 sales, there was one short sale and one foreclosure sale. for just over 8% of total sales. A variety of floor plans sold during the year, ranging from 1,146 sq ft to 3,336 sq ft. Of 13 basic floor plans, 12 of them sold last year. Two double units sold as well. The most popular units were the 02 on the water side and the 11 on the city side, each with 4 sales during 2012.

Check BAYFRONT TOWER CONDOS FOR SALE here.

Call or email The Simms Team at ALVA International, Inc. for additional information or to see any of these condos.

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Statistical Update: Bayfront Tower condo in downtown St Petersburg, Florida

Bayfront Tower Condo in downtown St Petersburg, Florida

Bayfront Tower Condo

Statistical update for Bayfront Tower condominium in downtown St Petersburg as of 8-19-12:

Each year in August the Pinellas County Property Appraiser’s Office sends out TRIM notices of the value of properties as of January 1, 2012, which is the basis for 2012 property taxes. It’s interesting to analyze the changes in “just market value” for the various condos.  The average “just market value” at Bayfront Tower Condo decreased 4.4%.  That average doesn’t mean a lot, though, since different floor plans ranged from +0.4% to -14.4%. Here’s the average change in Just Market Value by plan:

  • 01    -1.2%
  • 02    -7.4%
  • 03     -1.9%
  • 04    -5.7%
  • 05    -6.4%
  • 06   -5.7%
  • 07    -0.9%
  • 08    -3.5%
  • 09    +0.4%
  • 10    -4.6%
  • 11    -4.4%
  • 12    -2.9%
  • 14    -4.2%
  • double units    -14.4%

Keep in mind that these values are now “old” since they don’t reflect any sales in 2012. Contact The Simms Team to learn more about how values have changed this year.

Nationally the trend is toward smaller homes. Builders are responding to this and building smaller homes than a few years ago. The changes at Bayfront Tower reflect that as well. The smaller units did not decrease in value as much as the larger units. The just market value of the double units had twice the decline of any of the other units.

TRIM notices have been mailed out and owners have 25 days from the mailing to file a petition with the Value Adjustment Board. The exact deadline is printed on the bottom right of the TRIM notice.  Only the value is at issue now as the tax/millage rates have not been finalized.

If you’d like more details on these statistics, contact Sharon Simms of The Simms Team at ALVA International, Inc real estate or contact the Pinellas County Property Appraiser. The Simms Team is nearby at 238 Beach Drive NE, across from the Museum of Fine Arts.

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Downtown St Pete Condos – Market Activity week ending 5-25-12

The downtown St Pete condo supply is holding steady at 33 downtown condos listed in the MLS, ranging from $56,000 – $3 Million. Though the stats are the same as last week, the supply has changed a bit.  Five condos went to contract this week, ranging from $270,000 to $1,150,000. Four condos sold this week, ranging from $320,000 to $1,500,000. Four condos came on the market this week for sale, ranging from $360,00000 to $1,150,000.

Here are the new listings in the MLS:

$360,000  Bayfront Tower       1,279 sq ft   1 bedroom   1½ bath
1 parking space     2011 est property taxes: $5,296     Condo fee: $674/mo
13th floor    view: east (Tampa Bay)   Search Bayfront Tower  listings

$485,000  475 Condo     2,090 sq ft  3 bedrooms 2½ baths
1 parking space    2011 est property taxes: $6,676    Condo fee: $597/mo
2nd floor     view: east

  $875,000    400 Beach    2,395 sq ft     2 bedrooms 2 baths
2 parking spaces   2011 est property taxes: $11,429   Condo fee: $990/mo
23rd floor    view:  northwest corner     Search condos for sale at 400 Beach

 $1,150,000   Parkshore Plaza    3,081 sq ft   3 bedrooms 3½ baths
2 parking spaces    2011 est property taxes: $16,189   Condo fee: $1,259/mo
15th floor     view: northeast corner (Tampa Bay)    Search condos for sale at Parkshore Plaza

Search condos for sale in downtown St Petersburg

Search MLS Here

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Hotel lobby on the top floor – condo amenities on the top floor

Bayfront Tower common area view

View from Bayfront Tower

Times and trends change, including the best use for the top floor of a building. Remember when hotel restaurants used to be on the top floor, and perhaps even rotating? Then they moved them down to the lobby floor, losing the panoramic view. USA Today wrote this morning about a new hotel where the LOBBY will be on the top floor (70th story, in Los Angeles).

Let’s look at the top floor in downtown St Pete condos. The newest buildings all use the top floor prime space for penthouses. Bayfront Tower was the first highrise condo in downtown St Pete, built in 1975. The entire top floor, the 28th, is common area, all 31,000 sq ft of it. The rooftop, the 29th floor, is also common area with a swimming pool, jogging track, barbecue area, etc. So, all the residents can enjoy the 360° view, inside and out. So those whose condos have a city view or distant Gulf view can enjoy morning coffee watching the sunrise or afternoon cocktails watching the sunset. Bayfront Tower is the only downtown St Pete condo whose top floor can be enjoyed by all the residents.

SEARCH  BAYFRONT TOWER CONDOS FOR SALE

SEARCH DOWNTOWN ST PETE CONDOS FOR SALE

and contact The Simms Team at ALVA International, Inc. for all your real estate need.

 

 

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Bayfront Tower Valet Parking

 Valet parking at Bayfront Tower is one of its unique amenities. In fact, Bayfront Tower is the only downtown St Petersburg condo that offers valet parking. It’s included in the maintenance fee, not an extra. If you want to park your own car, that’s ok, too.

It’s nice to come back from grocery shopping and have someone to help get the groceries out of your car and put them in a shopping cart to take up to your condominium home. It’s nice to drive home and have a familiar, welcoming face greet you at your car, open your door and see that you get safely inside.

It’s nice to call downstairs and have your car waiting for you when you get out of the elevator. On a very hot day, it’s nice to have the air conditioning already on in your car. 

For more information on Bayfront Tower amenities an Bayfront Tower condos for sale, contact The Simms Team at ALVA International, Inc.

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Walkability and Walk Score

Bayfront Tower Walk Score

Many buyers today want to be able to walk to restaurants, shopping, museums, entertainment. They want to be able to go out in the evening and not have to drive home.

Are you aware of the iPhone app WALK SCORE? Bayfront Tower, for example, scores an 82.  Parkshore Plaza scores an 83. Both are “very walkable”. A house on 16th Ave NE may have a score of 34 and one on Venetian Isles a score of 12. 

You can also sort for specifics for an address (or have the app use your location) and the app will show you grocery stores, restaurants, coffee shops, schools, hardware stores, etc. So  - it’s useful for when you’re traveling as well as when you’re shopping for a home or condo. 

 

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New Year’s Day in downtown St Petersburg

Sunrise over the Vinoy Basin in downtown St Petersburg Florida

Sunrise over the Vinoy Basin in downtown St Petersburg Florida

 

New Year’s Day in downtown St Petersburg was a wonderful start to 2012.  Sunrise over Vinoy Basin is ever changing, ever delightful. By late morning outside tables were filling along Beach Drive as brunch was offered at 400 Beach, Parkshore Grill, Tryst and others. People were strolling, dogs were walked, benches were occupied as people gazed out at Tampa Bay, watching the boats leave their docks and moorings for a day on the water. Temperatures were pleasant in the mid 70s.

We joined friends at Bayfront Tower condo for a lucky New Year’s meal that included collard greens, black eyed peas and rice, cheese grits with sausage, and so much more. Good weather, good friends, good food, good conversation – that’s a wonderful way to start a New Year.

Downtown St Pete is a wonderful place to live or to visit.

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Bayfront Tower Market Update 12-1-11

Here’s the Bayfront Tower Market Update for 12-1-11:

As of December 1st, 2 units were listed for sale, from $439,900 to $669,500.

Check BAYFRONT TOWER CONDOS FOR SALE here.

So far in 2011  there have been 15 sales, ranging from $165,000 to $550,700. During 2010 there were 10 sales, from $200,000 to $735,000.

As of December 1st, there were no units available for rent at Bayfront Tower. Two condos rented during November, ranging from $2,000 to $3,000 per month. So far this year there have been 8 condos rented at Bayfront, ranging from $1,000 to $3,000/month.

Call or email The Simms Team at ALVA International, Inc. for additional information or to see any of these condos.

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Bayfront Tower is ready for Christmas

The Street murals in the lobby of Bayfront Tower are a unique backdrop for this Christmas display.

                    See all Bayfront Tower active condo listings here

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