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Places This Week: A vintage ’48 Crescent Lake home sells

Bill DeYoung

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830 20th Avenue N., St. Petersburg. Photo: Homes.com.

A weekly roundup of notable local real estate news.

Located within walking distance to Crescent Lake, a 7-bedroom, 6-bath property, at 830 20th Avenue N., St. Petersburg, sold May 30 for $1.485 million, $265,000 below the original asking price.

The property, built in 1948, offers a two-story, 2,308 square-foot Colonial Revival-style home as well as a detached, 600 square-foot apartment over the garage. The main residence has five bedrooms, three full baths and one half-bath. Red oak herringbone flooring can be found throughout with coved ceiling accents in the family and dining rooms. The kitchen offers marble countertops and backsplash and paneled appliances, including a Fisher & Paykel refrigerator and a Hallman Italian range.

The master suite, also on the first floor, has custom built-in cabinetry, a large walk-in closet and an ensuite bath with marble tile, brass fixtures and a soaking tub. Upstairs are four guest bedrooms and two renovated full baths. The furnished apartment above the garage is outfitted with a living room, kitchen, two bedrooms and one bath. Outside is a heated, in-ground saltwater pool, marble pavers and an herb garden off the master suite.

Recent upgrades include plantation shutters throughout the main home, fully enclosed vinyl fencing, a whole house and apartment water filtration system, new HVAC and a tankless water heater.

The home was last purchased in 2021 for $710,000. The listing agent was Andrew TenEyck with Charles Rutenberg Realty Inc. The buyer was represented by Shari Stone with Future Home Realty Inc.

 

1365 Forestedge Blvd., Oldsmar. Photo: Homes.com.

Oldsmar golf-course home lists

Situated in Oldsmar’s East Lake Woodlands gated golf course community, a 5-bedroom, 5-bath home has listed for $1.25 million. The 5,130 square feet of living space is located at 1365 Forestedge Blvd., adjacent to Hole No. 3 of the north course.

The one-story residence was built in 1992. It features a multi-dimensional open floorplan allowing multiple gathering spaces, including a brand-new, updated kitchen with a center island, appliance garage, custom 42-inch cabinets and stainless-steel appliances. Off the kitchen is the great room with a wet bar and pool table area, and a family room with a wood-burning fireplace.

The primary suite features tray ceilings, an elevated seating area and sliders leading out to the pool. Additional quarters include a guest suite with a private full bath and walk-in closet, and three large bedrooms with two additional baths.

Outdoors is a caged salt-water pool, spa, outdoor kitchen and built-in barbecue. The 0.69-acre lot provides views of a pond adjacent to the property.

Recent updates include a new roof; new tile, carpet and flooring inside; travertine tile on the outdoor pool deck and front entryway; and a new pool saltwater system and variable speed heat pump.

The property was last purchased in 2017 for $682,500. The listing agent is Stacie McCullers with Premier Sotheby’s International Realty.

 

2020-2060 66th Street N., St. Petersburg. Photo: Crexi.com.

Crosswinds Shopping Center hits the market

The 145,249 square-foot Crosswinds Shopping Center located at 2020-2060 66th Street N., St. Petersburg has entered the market for an unpriced sum. The five-building property, situated on 11.07 acres of land, is comprised of approximately 88% national anchor credit tenants, including Michaels, Marshalls, Bealls and Havertys Furniture (expected to open in June).

Building 1 is a one-story, 57,984 heated square-foot structure built in 1971. Building 2 is a 37,500 heated square-foot structure, also built in 1971. Building 3 has 13,325 heated square feet and was built in 1984. Building 4 was built in 1971 and has 34,052 square feet. Building 5 is a 2,388 heated square-foot fast-food structure.

The property is situated between shadow anchor Best Buy and Orlando Health’s new state-of-the-art 24-hour emergency medical facility. Nearby retailers also include Publix, Macy’s, The Home Depot, Burlington and Barnes & Noble. Investment highlights include proven anchor stability with three of four retailers averaging over 24 years of tenure at the property and limited costly capital expenditures.  new

Crosswinds St. Pete LLC acquired the property in 2005 for $19,550,000. Improvements valued at over $3.2 million, including new roofs, the addition of new parking spaces and newly painted building facades, have been made since.

The listing agents are Kyle Stonis, Pierce Mayson and Boris Shilkrot with Matthews Real Estate Investment Services.

 

17722 US Highway 19 North, Clearwater. Photo: Loopnet.com.

Jersey Jim Towers property sells for $2.8 million

A combined 28,009 square-foot property owned and occupied by Jersey Jim Towers TV & Appliances for over 30 years sold May 23 for $2.8 million. Located at 17722 US Highway 19 N., Clearwater, the 10.44-acre parcel of land, originally with two structures built in 1969 and 1977, was purchased by Angel Properties of Pinellas, LLC in 1992 for $750,000. A third building was added in 2005.

James Towers, Jr., manager of Angel Properties, is the son of the original owner.

Building 1 is a two-story, 8,709 heated square-foot structure with retail downstairs and apartments on the upper level. Also included is a 600 square-foot open porch. Building 2 is one story with 10,600 square feet of warehouse space, 2,750 of office space and a 150 square-foot open porch. Building 3 is a one-story, pre-engineered metal 5,200 square-foot structure.

The purchaser, Walker Ford Co. Inc., owns the adjacent parcel and plans to expand its dealership. Jersey Jim Towers will continue to occupy the property until a new location is finalized.

The seller was represented by Patrick & Chris Calhoon of the Calhoon Commercial Group of Smith & Associates Real Estate. The buyer was represented by Bill Eshenbaugh of Eshenbaugh Land Company.

 

335 47th Avenue N., St. Petersburg. Photo: Loopnet.com.

Parklane Condominium 10-unit package sells

A package of 10 condominiums in the 96-unit Parklane Condominiums complex, located at 335 47th Avenue N., St. Petersburg, closed May 23 for a combined price of $1.12 million. The bundle consists of eight 555 square-foot one-bedroom, one-bath units; and two 765 square-foot two-bedroom, one-bath units.

The condominium complex was built in 1973. The ten properties included in this sale, all of which are currently rented, were renovated within the last two years. All expenses for lawn care, pool maintenance, exterior paint, roofs and water/sewer/trash are covered through the condominium association. Tenants pay for electricity and their monthly fee includes basic cable.

Situated off 47th Avenue N and 4th Street, the complex is close to two Publix supermarkets, CVS, Walgreens and multiple banks and restaurants.

The seller, FLO1 LLC, a limited liability company formerly known as Amelia Aparts LLC and based in Miami, purchased the properties in three separate transactions in 2019 for $800,000.

The listing agent was Dominique Delcourt with Lafayette Realty Group, based in Orlando.

 

4526 4th Avenue N. St. Petersburg. Photo: Crexi.com.

4th Street PDQ restaurant property lists

A 5,100 gross square-foot PDQ restaurant property located at 4526 4th Street N., St. Petersburg, has listed with an asking price of $4.295 million. PDQ 4th Street LLC purchased the property in 2012 for $1.4 million and demolished the prior structure to make way for the new restaurant. Founded in 2011 with headquarters in Tampa, FL, PDQ currently has 59 locations throughout Florida, New Jersey, New York, North Carolina and South Carolina.

The current owner of the property, KFI LLC, a limited liability company with offices in Franklin, North Carolina, acquired the 1.15-acre parcel and restaurant in 2015 for $3.1 million. Since then, over $30,000 worth of HVAC improvements have been made.

PDQ has 11 years remaining on its 20-year NNN lease which offers four options to renew every five years with a 10% rent increase. The owner has zero landlord responsibilities. The property has prime visibility with frontage and signage along 4th Street N. with a dedicated turn lane and considerable parking.

The seller is represented by Deno Bistolarides and Derek Kello with Encore Real Estate Investment Services.

 

Real estate agents: Please forward all news for Places This Week to Amy Kagan at amy@stpetecatalyst.com. Thanks!

 

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