400 Beach in St Petersburg releases last 18 luxury condos

By
Real Estate Agent with Coastal Properties Group International

400 Beach luxury condos in downtown St Petersburg

400 Beach

Luxury Condos at 400 Beach Drive NE in downtown St Petersburg Florida

 

400 Beach luxury condos at 400 Beach Drive NE in downtown St Petersburg has 18 unsold units. Since Wachovia foreclosed on the developer, Opus South, potential buyers have been wanting to know what's happening. Will Wachovia sell them individually, in a package, and how much will they sell for?

Yesterday prospective purchasers who submitted Letters of Intent months ago and their agents were called and notified that the condos were now available, and the buyers were given the price at which "their" unit would be sold. They were invited to submit revised Letters of Intent at the released price. They have a short window of opportunity before Monday, February 22nd, when prices will be released to the public and the properties entered into the Multiple Listing System.

Posted by

Sharon Simms
CIPS CRS CLHMS CRB RSPS
Coastal Properties Group
CHRISTIE'S International Real Estate
238 Beach Drive NE
St Petersburg, FL 33701
www.ssimms.com    www.coastalpgi.com   www.christiesrealestate.com
(727) 898-2582    Sharon@SimmsTeam.com

 

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400 beach drive market update
400 beach luxury condo downtown st petersburg florida

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Rainmaker
333,920
Thesa Chambers
Alpine Real Estate - Bend, OR
Principal Broker - Licensed in Oregon

bet there are some excited buyers out there -

Feb 19, 2010 12:09 PM #1
Rainmaker
605,919
Sharon Simms
Coastal Properties Group International - Saint Petersburg, FL
St. Pete FL - CRS CIPS CLHMS RSPS

Indeed there are. Combining this with the upcoming auction at Signature Place there's a lot of real estate buzz in downtown St Pete.

Feb 19, 2010 01:34 PM #2
Ambassador
1,804,191
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

this is really interesting since I have a buyer looking for somelthing in downtown - I will be watching the MLS to see what gets listed! thanks for the information!!!

Feb 20, 2010 07:19 PM #3
Rainmaker
514,825
Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

Sharon I am glad to see activity in your market and hope you and the family are doing well! BTW are you attending the Luxury Portfolio meeting in Las Vegas next month?

Feb 20, 2010 08:30 PM #4
Rainmaker
605,919
Sharon Simms
Coastal Properties Group International - Saint Petersburg, FL
St. Pete FL - CRS CIPS CLHMS RSPS

Barbara Jo - there are some good buys there. Are your clients going to the Signature Place auction?

Russell - this week has been filled with buzz about downtown and prospective buyers calling. No, I won't be in Vegas as we're not members of Luxury Portfolio. Hope you learn a lot there!

Feb 21, 2010 01:27 PM #5
Rainmaker
514,825
Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

Sharon, anything I learn I will pass on because I gave quite a lot from you and THANKS!

Feb 22, 2010 09:48 PM #6
Anonymous
rrsafety

Any word on prices? Have they been entered into MLS yet? Should be fun.

Feb 28, 2010 07:12 AM #7
Rainmaker
605,919
Sharon Simms
Coastal Properties Group International - Saint Petersburg, FL
St. Pete FL - CRS CIPS CLHMS RSPS

Russell - thanks. I look forward to hearing from you.

rrsafety - The condos at 400 Beach have not yet been entered into the MLS.

As of 2/22/10 prices for 12 units at 400 Beach (6 sold over the weekend) were from $565,845 to $1,890,000.

As of 2/26/10 with 4 more sold at 400 Beach and 8 available, prices went up 10% and ranged from $622,430 to $1,772,694.

Feb 28, 2010 09:20 AM #8
Anonymous
rrsafety

Thanks for posting the prices...interesting.....

Mar 24, 2010 05:51 AM #9
Rainmaker
605,919
Sharon Simms
Coastal Properties Group International - Saint Petersburg, FL
St. Pete FL - CRS CIPS CLHMS RSPS

rrsafety - you're most welcome. Our clients have already closed on their unit and a couple more have gone under contract.

Mar 28, 2010 11:16 AM #10
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Rainmaker
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Sharon Simms

St. Pete FL - CRS CIPS CLHMS RSPS
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