In the world of real estate, there are always exciting developments happening, and this week is no exception. Let’s take a look at some of the notable local real estate news that has been making waves in the industry.
First up, we have the record-breaking sale of a stunning 5,542 square-foot home located at 2709 Sunset Way in St. Pete Beach. This magnificent estate sold for an impressive $11.4 million, setting a new record for the highest-priced sale of a single-family home in the city. The property, built in 2015, boasts 5 bedrooms, 7 bathrooms, and 170 feet of waterfrontage, offering breathtaking views of the Gulf of Mexico. With luxurious features such as a fully-equipped catering kitchen, a library-style office, and a private trail leading to the beach, this home truly epitomizes waterfront living at its finest.
Moving on to the Old Northeast neighborhood of St. Petersburg, designer Kim Levell is selling her beautifully renovated 3-bedroom, 2-bath home at 155 5th Avenue N for $1.825 million. This charming property, built in 1925, comes fully furnished with original art and photographs by renowned artists. The recent renovations include new exterior siding, upgraded hurricane windows, and a new lifetime metal roof, making this home a perfect blend of historic charm and modern amenities.
In Largo, the former Golden Corral property at 10050 Ulmerton Rd has finally sold after two years on the market. The 9,952 square-foot structure, situated on a 3.23-acre parcel of land, was purchased for $5.45 million and offers ample space for redevelopment. Located next to the Largo Mall, this property presents a prime leasing opportunity in a bustling commercial area.
Meanwhile, in St. Petersburg, a newly constructed Scooter’s Coffee franchise property at 9299 4th Street N is now available for sale at $2.175 million. This 664 square-foot drive-thru coffee shop comes with a 25-year NNN lease and promises high visibility in a thriving retail area. With major retailers like Wal-Mart and McDonald’s nearby, this property offers a lucrative investment opportunity in a popular location.
Lastly, a charming quadruplex in St. Petersburg’s Old Southeast neighborhood is up for sale at 240 20th Avenue S. This multi-family property, consisting of four units spread across two buildings, is a great investment opportunity with well-maintained units and a convenient location near downtown St. Petersburg.
From record-breaking sales to exciting investment opportunities, the local real estate market is buzzing with activity. Whether you’re in the market for a luxury waterfront home or a profitable commercial property, there’s something for everyone in this week’s roundup of notable real estate news.
