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Statistical Update Florencia luxury condo in downtown St Petersburg Florida

Florencia condo in downtown St Petersburg

Florencia condo

Statistical Update for Florencia luxury condominium in downtown St Petersburg, Florida, as of 8-19-12.  Each year in August the Pinellas County Appraiser’s Office updates property records, reflecting changes in the just market value of a property and reflecting homestead exemptions for the current year. It’s interesting to analyze those statistics.

There are 47 residential property owners in the Florencia – four of them have combined units and one is a penthouse.  Changes in Just Market Value range from an increase of 5.8% to a decrease of 8.6%. The average change for the building is -0.7%.  According to the property appraiser, the reason for the difference within a condo is based on different sizes, views, and locations.  For the Florencia, the changes are based on sales in other downtown condos, as there have been no sales in 2011 or 2012 at Florencia.

83% of the Florencia units have homestead exemption. This doesn’t mean that the remaining 17% are rentals because some owners have multiple residences and have their Read the rest of this entry »

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Luxury Condos in downtown St Petersburg Market Update

Downtown St Petersburg condos

There are currently 17 downtown St Pete condos being marketed at over $1,000,000 that are resales, plus the last few new condos at Ovation. 14 of these luxury condos are priced between $1 million and $2 million: 400 Beach has 2; Ovation has 3; Parkshore Plaza has 3; Signature Place has 1; Vinoy Place has 3 and Florencia has 2. Most of these range from 2,750 sq ft to 3,675 sq ft with one exception at each end.

One resale luxury condo at Ovation is priced at $2,000,000; one double unit at Florencia is priced at $2,900,000 and one penthouse unit at Vinoy Place is priced at $3,200.000.

In the last year 9 downtown St Pete luxury resale condos sold at over $1,000,000, according to the My Florida Regional MLS. All but one of these sold between 1 and 2 Million dollars: 3 at Parkshore Plaza, 4 at 400 Beach, 1 at Vinoy Place, and 1 at Ovation.  Please note that these figures do not include the new condos sold at Ovation, including a double unit that sold at $4,150,000.

For more information on any of these downtown luxury condos please contact The Simms Team at ALVA International, Inc. at 238 Beach Drive NE.


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Florencia overview

The Florencia, a luxury condominium on Beach Drive in downtown St Petersburg was developed by JMC Communities, a high quality local builder. Built in 2000 it is 21 stories high and has 49 residential condominiums and there are two retail stores on the ground level. Each unit has two spaces in the gated, covered garage. The primary common areas are on the third floor and include gathering rooms, a catering kitchen, a billiard room, a fitness center and 1 condo unit. Floors 4-19 have three units per floor (except for two double units) and each of the top two floors is a penthouse. The pool and spa are on the west side of the tower, with gardens on the south side. The adjacent Hampton Inn provides spillover space for your guests. There is a 24 hour concierge on duty. Condos are in the $1-2 Million range.


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Florencia tour

The Florencia, a luxury condominium in downtown St Petersburg on Beach Drive, was built by JMC Communities, a well respected local developer, who builds a quality product and stands behind it. The decor of the common areas is traditional and inviting. The majority of the amenities are on the third floor and the pool/spa area is on the western side of the building. The main gathering room and outdoor gardens overlook South Straub Park, the Municipal Marina and St Petersburg Yacht Club Marina, and out into Tampa Bay.

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Florencia location in downtown St Petersburg

Florencia, a luxury condominium at 100 Beach Drive NE in downtown St Petersburg, FL, across from South Straub Park and overlooking the St Petersburg Municipal Marina and the St Petersburg Yacht Club marina, then out into Tampa Bay.

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Downtown St Pete says Welcome, RattleFish and Goodbye, Julians

Julian’s Restaurant at 234 Third Ave N. in downtown St Petersburg closed its doors in April. It had a nice lounge – quiet, where you could carry on a conversation and hear each other – but despite being just a few steps from our office, on the same block, we didn’t like going there for dinner. Neither the food nor the service lived up to the prices – in our opinion, and obviously many others felt as we did.

Coming soon is RattleFish Raw Bar & Grill, a Bayside Marina waterfront restaurant at 5210 W Tyson Avenue in Tampa. We’ve enjoyed eating there, occasionally stopping for lunch since it’s between WCI’s Westshore Yacht Club and New Port, both communities just south of Gandy on Tampa Bay.

RattleFish features lots of seafood in a casual atmosphere. Supposedly7, the upstairs will be made into a VIP lounge.

Like so many other restaurants in downtown St Pete, this is within walking distance of Parkshore Plaza, The Florencia, 400 Beach, Bayfront Towers and Vinoy Place, as well as Fareham Square, Huntington Townhomes, The Palms and Town View.

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