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Luxury Home Sales in St Petersburg, Tierra Verde and Belleair

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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Luxury sales doing well in Tampa Bay

Sales at the upper end of the Tampa Bay residential market are doing well. In the last 5 months there have been three sales in the $5 – 6 Million range and four sales in the $4 – 5 Million range:

$5,600,000     Tierra Verde (St Petersburg) waterfront home 9,404 sq ft

$5,600,000     Harbour Island (Tampa) waterfront home  8,601 sq ft

$5,000,000     Belleair Beach gulf front home  6,664 sq ft

$4,825,000     Palma Ceia golf course home  15,743 sq ft

$4,600,000     Sandpearl condominium (Clearwater  Beach)  5,283 sq ft

$4,400,000    Sandpearl condominium (Clearwater Beach)

$4,300,000     Bayway Isles waterfront home (St Petersburg)  7,028 sq ft

There are approximately 70 properties currently listed over $4,000,000 in the Tampa Bay area. The highest price is $19,900,000.


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