In the last year, there have been three luxury home sales over $5 Million in St Petersburg, Tierra Verde and Belleair, all in Pinellas County, Florida. This is just 3/100 of 1% of all single family home sales in Pinellas County. No condos sold over $5 Million in the last twelve months in Pinellas County.
The most recent sale is a waterfront home in Belleaire that sold this week for $6.2 Million. This is Hulk Hogan’s home with 17,145 sq ft. It was listed in 2006 for $25 million.
In December 2011 a waterfront home in Tierra Verde sold for $5.5 Million. It had 8,105 sq ft.
The highest sale in the last year was on Snell Isle. With 12,411 sq ft, it sold for $9 Million.
Looking at all residential sales in Pinellas County over the last year:
15,294 properties sold
2/100 of 1% (3) sold for over $5 Million
9/10 of 1% (142) sold for over $1 Million
5% (759) sold for over $500,000.
All of these statistics are from the My Florida Regional MLS and therefore do not include any sales that did not use the MLS.
All 3 of these luxury home sales were waterfront properties. Two of them, the ones on Snell Isle and Tierra Verde, were built by Windstar Homes. All of them were on lots of 1 acre to 1.5 acres. All were purchased for cash.
If you’d like help buying or selling a luxury home or condo, please contact The Simms Team at ALVA International, Inc. We’re a small boutique real estate company on Beach Drive in downtown St Petersburg.
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