Ovation Penthouse Sale
January 4th, 2010 categories: Downtown St Petersburg, Ovation
Ovation luxury condos in downtown St Petersburg Florida
To cap off 2009, buyers closed on a penthouse at Ovation for $4,200,000. This was the highest sale price for a condo in 2009, according to the Pinellas Realtor Organization. Kudos to JMC and to the buyers of the Ovation penthouse. It’s interesting that the next two highest condo sales in 2009, between $3 Million and $4 Million, were also JMC construction, at the Sandpearl on Clearwater Beach.
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O Wave sculpture by Ovation condos St Petersburg
September 24th, 2009 categories: Downtown St Petersburg, Lifestyle, Ovation
O Wave sculpture by Ovation luxury condos in downtown St Pete
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400 Beach
May 24th, 2009 categories: 400 Beach
Notes from Rob:
Had a familiar call today. Someone called and wanted to talk about downtown condos. We started by talking about Vinoy Place, which are very nice condos sitting right on Tampa Bay. Unfortunately, the units were too large for this invididual, so the subject went on to 400 Beach. As with most buyers who have been watching our market, he knew that the developer was having financial difficulties. He wanted to know if 400 Beach was a safe investment. As a Realtor, I cannot give investment advice, so I just spoke about my thoughts on the project.
Right now a buyer can put in an unsecured offer to the developer. Then it is submitted to the bank for approval. It is possible that some buyers will get some very good deals out of it. What about the condo association, is it strong? The developer still owns less than 25% of the units. That means over 75% are owned by other homeowners who are just as concerned about keeping the condo association solvent and financially healthy. If you are trying to buy low and flip quickly, I wouldn’t recommend this building (or any other in today’s market). But if you plan to live in it for a few years and enjoy the great downtown St Petersburg, this could be a golden opportunity for you.
If 400 Beach is not your cup of tea, Signature Place opens next month, and Ovation follows soon after. Lots to see and plenty to choose from.
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