Unique St Pete Penthouse Is For Sale. Snell Arcade.

Beautiful molding, balcony of Snell Arcade penthouse

Beautiful molding, balcony of Snell Arcade penthouse

I’ve heard them say some views and locations are simply priceless.  I can nod in agreement standing at the edge of Grand Canyon, but not on the balcony of a luxury condo with water views.  It may be a million dollar view but it’s not priceless.  Fortunately, there are many breathtaking views and locations in St Persburg, FL and you can find a perfect one in the range between $350,000 and $4 million.

View over the patio at Snell Arcade, former Spanish Bob's

View over the patio at Snell Arcade, former Spanish Bob’s

I love unique properties and recently was able to visit and show to a client the penthouse of a historical building in St Petersburg.  It is an original St Pete skyline icon, Snell Arcade.  For year it was an office building but not long ago it was converted into a few luxury condominiums.  While the amenities at this location are few you cannot hide excitement about the opportunity to actually live here.

Downtown View from the balcony

Downtown View from the balcony

The penthouse is not on the highest floor in Snell Arcade. There’s what used to be Mr. Snell’s office above it, two small rooms, about 200 sq.ft each, that an out of state couple owns as a vacation home.  Penthouse, on the other hand, is spacious, a little over 1,000 sq.ft, completely updated and(!!!)…. is listed for sale!

Yes, the new condominium towers along Beach Drive block some of the Tampa Bay view, but you have the rest of the city to look at with amazing 360 degree views - you own the whole floor!  It is a historical building and I’ve already written about it before here: The Snell Arcade Building: A Historic St Petersburg Gem.

One downside is there’s no parking.  There were talks about converting part of the storage space into a garage, but I believe that is going to be additional commercial space offered for lease to help offset the cost of the building upkeep.  The good news is you can park across the street.  You also get some storage space in the basement of the building.

It may not be an ideal place for a family but for a couple or a singly professional looking to be in the heart of St Pete it’s a great option.  Price was reduced yesterday from $369,000 to $324,900 (listed by Re/Max Realtech) and it’s worth every penny of it.  If you are interested, I’ll be glad to show it to you and you’ll know why.  See the listing info below.

Written by Ilya Zobanov, real estate professional at The Home Team of Re/Max Metro. Reach him at (727) 418-9016.

405 Central Ave # 700, St Petersburg, FL 33701 (MLS # U7578004)

(all data current as of 5/18/2013)
Price $324,900
Beds 1
Baths 1 full
Home size 1,093 sq ft
Lot Size n/a
Days on Market 44;
Active With Contract - NEW CONSTRUCTION!!

Property Type(s): Residential / All, Residential / Condo

Last Updated 5/7/2013 Tract Snell Arcade Condo
Year Built 1928 Community Snell Arcade
Garage Spaces 1.0 County Pinellas
Total Parking 1 Walk Score ® 97

Additional Details

Taxes 3008 Kitchen (Approx.) 08x21
Master Bedroom (Approx.) 13x21 Mo.Maint.$(addition to HOA) 0

Features

Additional Parcel Y/N No
Air Conditioning Central
Appliances Included Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Wine/Bar Refrigerator
Architectural Style Historical, Spanish/Mediterranean
Area (Range) St Pete
CDD Y/N No
Community Features Elevators, Security
Condo Maint. Fee Schedule Monthly
Construction Status Completed
Disaster Mitigation Fire Resistant Exterior, Fire/Smoke Detection Integration
DPR Y/N Yes
Exterior Construction On Piling, Stone
Exterior Features Gutters / Downspouts, Outdoor Lights, Storage
Financing Available Cash, Conventional, Va
Fireplace Y/N No
Floor Covering Wood
Foundation Basement
Garage Features None
Garage/Carport 1 Car Garage
Green Energy Features Programmable Thermostat
Heating & Fuel Other
HOA/Comm Assn None
Homestead Y/N No
Housing for Older Persons N/A
Indoor Air Quality Bath Fans Vented to Outside, HVAC Filter MERV 8+, No/Low VOC Flooring, No/Low VOC Paint/Finish
Interior Features Blinds/Shades, BuiltinFeatures, Ceiling Fan(s), Corridor Access, Dry Bar, Fire Sprinkler, Smoke Alarm(s), Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Storage Room
Interior Layout Great Room, Open Plan, Volume Ceilings
Kitchen Features Desk Built In
Location Close to Bus Line, Corner Lot, End Unit, Historic District, In City Limits, Park View, Sidewalk, Street Paved
Maintenance Includes Building Exterior, Escrow Reserves Fund, Fidelity Bond, Gas, Ground Maintenance, Insurance Building, Manager, Other, Roof, Security, Trash Removal, Water/Sewer
Master Bath Features Tub With Shower
Minimum Lease 1 Week
New Construction Yes
Pet Restrictions Y/N No
Pets Y/N Yes
Planned Unit Development No
Pool None
Property Description Penthouse
Property Style Condo
Property Type Residential
Roof Membrane
Special Sale Provision None of the Above
Special Tax Dist.Y/N (Tampa No
Square Foot Source Public Records
Status Active with Contract
Utilities Data BB/HS Internet Avail, Cable Available, City Water, Fire Hydrant, Gas, Public Sewer, Street Lights, Underground
Water Access Y/N No
Water Extras Y/N No
Water Frontage Y/N No
Water View Y/N No

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #U7578004)


Curious about the Kardashians’ house?

A Boost for LA’s Real Estate Market!

By our guest writer, Katy Pilato

The front of the house

Even though you may be living n St Peterburg or some other place in Tampa Bay, I know, you still like to know what’s going on with celebs in CaliforniaKeeping Up With the Kardashians beauty queen TV star, 30 year old is currently enaged and lives in a $4.8 million dollar mansion in Los Angeles!  Crazy what money can buy!  This Hollywood star lives in Mediterranean style house consisting of 5 bedrooms, 4.5 bathrooms, and lots of fireplaces!   What more could a girl want, right?

Beautiful kitchen with a fireplace

Many dinner parties go on at this residence!  Friends and family only I assume.  This white paneled kitchen with the abundance of windows has a good contrast with the dark walnut floors.   Check out the one of many fireplaces!

For more insight on her awesome house watch her TV show… or just look online, too much drama filled for me too.   Searching the celeb cribs with Katy…

Check out more celebrity cribs on out blog: http://www.hometeamtampabay.com/blog/celebrity-homes/

And even our local celebs: http://www.hometeamtampabay.com/celebrities-and-famous-who-call-tampa-bay-home/

Tampa Bay Real Estate Blog. The HOME Team.

The Real Estate King For President!?

Will Donald Trump Run For President?

Donald Trump - The King Of Real Estate

He is certainly giving many interviews and many talk show hosts like to keep Trump as a center of attention.  You never know what the master of real estate has on his mind.  Except one thing – money, lots of money.  And he’s been good at making large sums of it over the years.  In 2008, Donald Trump sold his huge Palm Beach manor to a Russian fertilizer businessman for nearly $100 million.  He paid a little over $41 million for it just 4 years earlier.  It’s amazing the fertilizer business brings so much money in Russia considering that a huge part of its land is permafrost. 

Donald owns real estate everywhere.   He owns Mar-A-Lago Club in Palm Beach, a 200+ acre farm in NY, called Seven Springs, and he invested in several golf course properties, including  Rancho Palos Verdes in California.  In his hometown, New York City, Trump has bought and sold multiple properties.  His personal residence is an astonishing 30,000 sq.ft at the top of the Trump Tower

Trump's manor in Palm Beach, FL

Success in business is definitely a huge plus for a presidential candidate but what about other important qualifications (e.g. foreign policy experience, dictating the legislative agenda, ability to command the military, etc).   So how does Trump plan to convince the nation to give him their vote?  We hope to find out soon.

Tampa Bay Real Estate. St Pete Blog. The HOME Team.

1920’s: The Florida Land Boom

1920’s: The Florida Land Boom

 

Florida 20's vacation ad

Easy credit.  Sky-high real estate prices.  Speculation.

Sounds like the housing situation of recent years but these trends were the norm in early 1920’s Florida.   The Victorian Era was long gone and the new middle class had leisure time and money to travel.   Florida was readily accessible through railways and cars.  The media took advantage of these factors and portrayed Florida as a tropical paradise where property investments could become a fast ticket to wealth.

St Petersburg FL Old Flyer

People sure believed in the dream.  According to the Florida History Internet Center, two-thirds of Florida real estate was sold by mail to people who had never seen what they were buying!   The state relaxed it’s real estate regulations to spur growth and eventually the binder boy system was born.  Binders, or down payments on real estate, were taken from eager investors/tourists on the streets.  Real estate agents preferred this system so they could avoid waiting around in the heat for buyers.  There were plenty of binder women, too.  Generally, they were young and willing to play a round of tennis or golf with potential investors.

Those who could not afford to invest but wanted in on the tropical scene were known as “tin-canners”.  Unable to afford hotel fees, these tourists set up camp in their cars and brought cans of gasoline and food supplies along with them, hence the nickname.  Eventually, someone built recreational facilities and cabins for these folks.

Old Miami vacation ad

The big investors created towns and communities out of nothing – literally dredging islands into existence.  For example, Tampa’s Davis Islands and St.  Petersburg’s Snell Isle did not exist until an investor decided to create them.  In other parts of Florida, investors were busy creating Temple Terrice, Coral Gables, and Hollywood.

By 1925, prices had peaked and people began to sell off their investments.  New buyers no longer appeared.  The Florida History Internet Center recounts an interesting St. Petersburg story:

St. Petersburg was the most indebted per citizen town in the United States.  Key West ranked second.  Caught without customers, many realtors folded up  business, sending their binder boys home. One clever Pinellas realtor found a  way to send his binders back up North without personal cost.  He contracted with a funeral company that by law had to escort the bodies of deceased retirees to Northern cemeteries.  Instead of funeral employees, the realtor and funeral director cashed in the two-way tickets for one-way tickets and placed binder boys on the trains as escorts.

Hollywood old 20's ad

There were several more boom years to go before the Great Depression hit the country but the Florida Land Boom was over.  A deadly hurricane with 125 mph winds in 1926 did much to seal it’s doom.  Florida would not see enormous growth again until the post-War era.

Source:  The Florida History Internet Center can be found at floridahistory.org

Tampa Bay Real Estate Blog by The HOME Team 

Is Justin Bieber Ready To Buy His Own Home?

What Will Justin Bieber’s Home Look Like?

Will Justin Bieber Move To LA?

There are rumors that Justin Bieber is looking for a place of his own.  Is he looking for a house or condo?  You may know that he lived in Canada with his Mom and grandparents and recently moved to Atlanta, GA.  However his rep confirmed that Justin is looking to buy a house in LA.  He is only 16 and yes, the Internet has been buzzing with news and pictures of him and Selena Gomez describing supposedly their romantic relationship.  So, if he were to buy a house what would it look like?

From what we heard on the net, a condo at the Wilshire Corridor in Westwood has really caught his eye.  The Wilshire Corridor is the premier condos high rise area in Los Angeles, displaying some of the best California real estate.  Practically from every condominium building you can enjoy great views of the ocean on the west side and the mountains on the east side .

Wilshire Corridor In Los Angeles, CA

How old does he have to be before he can move out on his own?  Is his relationship with Selena Gomez truly serious? Is Justin just a one-hit wonder?  Time will tell.  We wish him luck and success in the show business, where so far he’s proven to have a firm reputation.

Did You Know Al Capone Lived In St Petersburg?

Did You Know Al Capone Lived In St Petersburg?

Al Capone's House in Shore Acres St Petersburg

In 1926 St Petersburg, FL became a regular get away for Al Capone.  While being an occasional guest at the Don Cesar Beach Resort and Spa, it is also rumored that he owned a home in Shore Acres.  Supposedly he used a house for his elderly mother (even gangsters love their mamas!) or possibly as a brothel (hopefully not at the same time!).  Some say he was involved in the road construction project that connected Shore Acres and Derby Lanes (known at that time as the St Petersburg Kennel Club).  It was even said that Al Capone himself may have built the house.  In 2006, at the peak of the hot real estate market in Tampa Bay a flipper sold it for $740k.  The buyer later defaulted on a Countrywide loan.

This photo was found in a chimney of the house a few years back.  So far there are no clues of who these people are and if they are related to Al Capone.

There are also many references of Capone to the Jungle Prada area.  It’s said that he was a part owner of the “Gangplank” night club in that area and it was a haven for bootleggers.  Bootleggers used the place heavily as there was even an underground tunnel dug out leading from Jungle Prada to the bay.  Saffron’s Restaurant was on this location and now Max and Sam’s steak house occupies the place.  As a bonus you can check out old Indian mounds next to that site. Capone owned tons of real estate all around the U.S. but we think the legacy he left here in St Pete is among the most interesting. Stay tuned for more articles about this infamous bad boy!

Tampa Bay Real Estate Blog by The HOME Team of Charles Rutenberg Realty, Inc.

Did Britney Just Spend $18.9 Million On A New House?

Did Britney Just Spend $18.9 Million On A New House?

This Tudor style mansion in Hidden Hills, California is a Britney Spears’ new home.  After living for a few years in an $8 million Mediterranean style home in a gated community in Beverly Hills, she is moving into this 20,000 sq.ft house in Los Angeles. This property was recently listed for sale as high as $18.9 million.  It is definitely a step up from her previous 7,500 sq.ft home.  There’s lots of space to accommodate a whole “Circus” show!   The home features 10 bedrooms, 13 baths, pool, tennis courts and much more to enjoy a lavish lifestyle.
Britney recently released her “Hold It Against Me” video, which boosted her popularity and she will now be enjoying her life in Hidden Hills where among her neighbors will be the Kardashians, Jennifer Lopez and Ozzy .  According to realestalker.blogspot.com (picture is from the same blog) Spears actually leased this property.

We have plenty of celebs in Tampa Bay and next week perhaps we can give you an update on Derek Jeter’s house on Davis Island in Tampa.  Stay tuned to the Real Estate Blog by The HOME Team of Charles Rutenberg Realty, Inc.

Mid Century Modern Homes In Tampa Bay

Do You Own A Mid Century Modern Home In Tampa Bay?

Mid Century Modern Home on Snell Isle

What style home is your home?  If it is a 50-60’s era home, it might very well be a mid century modern home.  From 1955 through the first half of the 1960’s, a huge change in home design took place creating mid-century modern homes.  The style of these homes marked an atomic design period of the post WWII era

One of the architects who helped fashion these style homes was Paul Rudolph, who moved to Sarasota in 1950.  He designed many homes and landmarks worldwide.  Other noted modernists that made huge footprints were Charles Eames, Joseph Eichler and Ira Rakatansky.

A lot of homes in the St. Petersburg / Tampa Bay area are Mid Century Modern Homes.  Many of the owners do not even know this.  Is your home a mid century modern home?  If it has any similarities to the homes below, you have a designer home! 

  • 411 Cordova Blvd. NE, St Petersburg, FL Currently listed at $3,9 million
  • 835 Snell Isle Blvd. NE, St Petersburg, FL   Currently listed at $229,900
  • 6445 4th Ave N, St Petersburg, FL  Currently listed at $440,000
  • 421 55th Ave, St Pete Beach, FL  Currently listed at $549,000
  • 5409 Pali Way, St Pete Beach, FL    Currently listed at $665,000

(listed in order)

 

If you are looking for a Mid Century Home In St Petersburg / Tampa Bay area, please contact The HOME Team and connect with Ilya Zobanov.  He is the local Mid Century Modern Home expert!

Tampa Bay Real Estate Blog by The HOME Team of Re/Max Metro.

Celebrity Cribs

Celebrity Cribs

Celebrities are not necessarily the richest people in the world.  But they are well-known, loved and admired by many.  They are talanted people who in combination with good looks and “luck” have become the world idols.  Yes, many celebrities are wealthy and for the status sake and desire to live a peaceful, private and comfortable life, they buy (and then often sell) beautiful big homes. 

Jay-Z and Beyonce's House

This Mediterranean-style home was once a residence of Jay-Z and Beyonce.  At almost 8,000 sq.ft, 7 bedrooms and 8 baths the sales price was $9.3 million.  It is located in Indian Creek Village, Florida near Miami Beach.  It is popular with celebrities and is one of the wealthiest communities in USA.

Home of Heidi Klum and Seal

This 9 bedroom, 7 bath house is located in California.  Heidi Klum and Seal bought this foreclosure home and selling price was $14,2 million.  There’s plenty of room for their kids and guests.  This home features several antiques, including a Scottish fireplace mantle from 1600s’ and reportedly a fireplace said to be taken from Napolean’s farmhouse.  Of course, the views of the valley and mountains are stunning.  Among their neighbors are stars like Arnold Schwarzenegger and Tom Brady.

Harrison Ford and Calista Flockhard's Penthouse in NY

Listing price: $16 million.  That’s what Harrison Ford and Calista Flockhart are selling their penthouse apartment in New York for.  With 5,500 sq. ft 4 bedrooms and 4.5 bath this place in Chelsea’s City Prairie building is a great deal. Private terrace offers views of Manhattan and the Hudson.

We already shared with you which celebrities live in Tampa Bay.  Next week I’ll show you some fascinating multi-million dollar homes that are currently for sale in our area.  Sign up for our email new updates and stay tuned to our blog.

Tampa Bay Real Estate Blog by The HOME Team of Charles Rutenberg Realty, Inc.

Quick Facts About Florida. How Will They Affect You?

Quick Facts About Florida.  How Will They Affect You?

Florida Realtor Magazine

Just read some interesting facts about Florida in Florida Realtor® magazine.  As Realtors® we are continually studying local and state real estate market and statistics.  So, we thought you may be interested to know that in Florida there are:

-          1,000 people move to Florida each day

-          19 major commercials airports

-          1,800 miles of coastline

-          14 deepwater ports

-          12 international airports

-          More than 1,250 golf courses.  Florida has more golf courses than any other state.  Palm Beach County has more golf courses than any other county in the USA.

-          1,200 miles of sand beaches

-          More than 370,000 hotel rooms in Florida

SALES NUMBERS

Assessed Value Map

Florida is just a great place all around.  Many of these facts influence our Real Estate market one way or another.  These very positive facts will also help our market get back out of recession.  While we don’t expect miracles this year, 2011 is still expected to be a growth year for Florida’s economy.  Unemployment is predicted to stay in double digits, yet Moody’s Economy.com, a national consulting firm, projects that Florida will achieve 3% job growth in 2011 – more than any other state.  Tampa and Orlando are expected to grow the most at 3.4%.

If you saw our Clearwater and Pinellas County sales statistics post not long ago, you already know that numbers of sales are growing are already higher than 2009 and 2008. Of course, a good portion of sales was boosted by the first-time home buyer program that spurred buyers into action by offering tax credits.  Yet, I believe our slowly recovery economy is the main reason of the rise in the number of sales.  But sales prices most likely will not go up for a while.  The reason behind it is the amount of short sales and foreclosures pending for this year.  Buyer’s demand has to equal and then surpass the supply for prices to start going back up.  And when they do, we really want just a steady 3-4%/year growth in prices to avoid another bubble.

LUXURY REAL ESTATE GOING UP

Florida luxury home sales are on the rise

Luxury home sales are on the rise.  In Palm Beach wealthy buyers are snapping up mansions at prices $10 million and up.  There could be several reasons for this.  First, sellers are realizing what the true market value of their home is and settle for 50 cents on a dollar.  While savvy investors see an opportunity and starting to feel secure owning Florida real estate at a hedge against future inflation.  For example, in Jacksonville sales of homes priced over $2 million were up 78% compared with 2009.  This is good news for everyone, as it creates a positive climate for homes listed at more modest prices.

Florida Realtor® magazine, Jan/Feb 2011 stats used.

Tampa Bay Real Estate Blog by The HOME Team of Charles Rutenberg Realty, Inc. Downtown St Petersburg, FL

Information on this website is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Pinellas Suncoast Association of Realtors (PSAR). All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal.

Last updated 5/18/13 9:30 AM PDT.

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