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Beachfront Condos

Beach condos in Pinellas County Florida

Beach condos in Pinellas County Florida

Notes from Rob:

It has been interesting to watch the prices of beachfront condos rise and fall over the past few years.  Back in 2005 and 2006, if you were wanted a condo on the beach, where you could listen to the waves on your balcony, you would be paying a minimum of $500,000 for a very small unit, in need of major updating.  I remember negotiating a deal for a 3-bedroom condo at the Reef Club in January 2008.  We were thrilled to get our offer accepted at $487,500.  The only two sales in the building in the last two years sold for $340,000 and $335,000.  When we sold our listing in Angler’s Cove for $580,000 in 2007, we had highly recommend our seller take the offer and be done with it.  The last sale in the building for a similar unit was for less than $370,000.  In the Bella Grande on St Pete Beach units that sold for over $600,000 are now selling for $400,000 and less.  If you are a seller, you are not happy with these numbers.  However, if you are a buyer, it is a great time to finally own your piece of the ocean (yes, I know it is the Gulf of Mexico).  I was showing beachfront condos all weekend and here are the prices your are looking at today.  For $350,000 I can get you a small, 2-bedroom unit in need of some work in a 30-year old building.  For $450,000 you can upgrade nicely to a 2-bedroom unit in move-in condition.  For the bells and whistles, in a newer building, you are going to spend at least $600,000, but that is so much better than the $800,000 plus you were spending in 2006.  In my building, one of the units sold for $1,200,000.  Today it is a short-sale and is listed at $650,000.  So yes, if you have been dreaming of your condo on the beach.  It is time to start living your dream.

Spoken by Rob Johnson | Discussion: No Comments »

Seacrest condos – Indian Shores

Notes from Rob:

Seacrest condo Indian Shores

I have finally moved to the beach and am loving the view every time I look out my balcony.  I hear the waves hit the beach and watch fabulous sunsets every night.  To say we are happy would be an understatement.  With all of that in mind, I am going to start writing about the different beach condo’s to let everyone know something about the different complexes.  I will start with Seacrest.

Seacrest is on Indian Shores.  The complex is nice and small.  Only eight units.  Each unit is just under 2,200 square feet.  They all have three bedrooms and three bathrooms.  The master bedroom and living room look directly at the Gulf of Mexico.  The kitchens are large, upgraded and open to the living room and gulf.  It is a joy to do the dishes as you look out at the beach.  Each unit has two parking spaces (one under cover), private storage room, and its own laundry unit (you would be surprised how many of the beach complexes still have community laundry rooms for all of the residents to use).  The complex has a swimming pool, spa, and BBQ grill for all the residents.  The pool area has a private gate to the beach, and has an outside shower to so you can wash off the sand before heading back into your unit.  You are a short walk to Smuggler’s Cove Adventure Golf and the Salt Rock Grill restaurant.  The building has a 30-day rental minimum, so you can rent out your unit if you are not a full time resident, but it does not allow the very short term rentals that make you feel you live in a hotel.

The building was built in 2003.   Originally the units sold for between $639,000 and $860,000.   Generally, the higher the floor (and upgrades) the higher the price.  In the six years since the building was open, 4 of the units have resold.  Prices went up, to a high in 2006, when one of the 4th floor unts sold for $1,200,000.  Currently, there is only one unit for sale in the building, and it is listed for $879,000.

I give the building a top rating and would recommend it to anyone looking for an updated, beachfront condo.

Spoken by Rob Johnson | Discussion: No Comments »

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