Places This Week: Gulfport home fetches $3.615M
A weekly roundup of notable local real estate news.
Originally listed in February for $4.75 million, a three story, 5-bedroom, 5.5-bath home located at 6206 Pasadena Point Blvd., Gulfport sold Aug. 19 for $3.615 million. The 5,545 heated square-foot property was built by Windstar Custom Homes in 2004 and is situated on a 0.37-acre plot of land with 107 feet of waterfrontage on Boca Ciega Bay.
Double mahogany front doors, steps up from the brick-paved driveway, lead to the 3,212 square-foot, second-story main level. The formal living room features cathedral ceilings, a cast stone gas fireplace, cherry hardwood floors and floor-to-ceiling windows. An office/study provides mahogany cabinets, a gas fireplace and coffered ceilings. The kitchen is equipped with custom cabinetry and a walk-in pantry. The primary suite on the 2,333 square-foot upper level offers a cherry-wood vestibule area, a morning kitchen and a dedicated workout area. The primary ensuite bath includes a double-sided shower and a Jacuzzi tub.
On the lower level is a 3,190 square-foot garage, large enough for five vehicles and storage, and an elevator that connects all three stories. Outdoors is a pool and spa and multiple spaces and covered areas for entertaining.
The property was last purchased in 2002 for $350,000. The seller and buyer were represented by Tammy Campbell McNelis with Compass Florida LLC.
1100 Beach Drive NE, St. Petersburg. Photo: Homes.com.
Old Northeast single turned multifamily lists
A 3,336 heated square-foot home, located at 1100 Beach Drive NE in the Old Northeast neighborhood of St. Petersburg, has listed for sale with an asking price of $1.5 million.
Built in 1925, the property was once a single-family residence. Now called the WM Gordon House Apts., it is a four-unit multifamily property, each with one bedroom and one full bath.
The structure is situated on a 7,209 square-foot lot. The first and second stories are both 1,428 heated square feet. There is an additional 480 heated square-foot semi-finished area, a 360 square-foot detached two-car garage and 687 square feet of porch and utility space.
Highlights include wood and ceramic tile floors, high ceilings, a tankless water heater and mature landscaping. Sitting on a street paved with bricks, it is within walking distance to downtown St. Petersburg, Vinoy Park and the North Shore Beach and Aquatics Complex.
The home was last purchased in 1999 for $272,000. The listing is provided by Leisa Erickson and Terry Costello with Engel & Volkers St. Pete.
9505 49th Street N., Pinellas Park. Photo: Gateway at Pinellas.
Gateway at Pinellas Apartments sell
The sale of a 288-unit apartment complex located at 9505 49th Street N., Pinellas Park closed Aug. 13 for $61.26 million. Gateway at Pinellas features studio, one-, two- and three-bedroom apartments ranging from 637 to 1,394 square feet. The three-building property totals a combined 328,265 heated square feet and is situated on a 10.1-acre parcel of land.
Building 1 is a four-story, 194,245 square foot structure built in 2020 with 174 living units. Building 2 is a four-story, 132,465 square-foot structure built in 2021 with 114 living units. It also includes a 6,916 gross square-foot garage space. Building 3 is a one-story structure completed in 2021 with 1,555 gross square feet.
Amenities include a resort-style swimming pool with poolside cabanas, a 24/7 fitness center, a resident clubhouse and an off-leash dog park and pet spa.
The seller, Cortland, an Atlanta-based multifamily investment, development and management firm, had acquired the property under the name Forty Ninth FL Partners, LLC in 2021 for $78 million. The buyer is Independent Realty Trust, a real estate investment firm based in Philadelphia, Pennsylvania that owns and operates multifamily apartment properties across the country.
2018 Gulf Blvd., Indian Rocks Beach. Photos: Compass.com.
2008 Beach Trail, Indian Rocks Beach.
Two parcels reunite for one buyer
Two properties at 2018 Gulf Blvd. and 2008 Beach Trail, Indian Rocks Beach, sold Aug. 9 to one buyer for $2.5 million and $875,000, respectively, for a combined price of $3.375 million. The two adjacent parcels were split in the mid-1970s and will now serve as a single-family property. Both were built by O.G. Creel, a local craftsman and stonemason who had rocks quarried near Crystal River and trucked to various job sites. Indian Rocks Beach has the largest surviving collection of his stone houses.
2018 Gulf Blvd. is a one-story, 2-bedroom, 2-bath home with 1,012 heated square feet. Built in 1940, it is situated on a 0.11-acre waterfront parcel with 50 feet of frontage on the Gulf of Mexico. 2008 Beach Trail is a one-story, 707 heated square-foot home with one bedroom and one bath. It was built in 1950 and is situated on 0.05-acres of land.
The Gulf Blvd. home was last purchased in 1992 for $120,000. The Beach Trail property sold in 2017 for $325,000. The listings for both were provided by Adrienne Dauses with Compass Real Estate.
3393 Tampa Road, Oldsmar. Photo: Crexi.com.
The Learning Experience in Oldsmar property for sale
Property occupied by The Learning Experience (TLE), located at 3933 Tampa Road, Oldsmar, has listed for sale with an asking price of $4.468 million.
TLE, an early childhood education provider, was founded in 1980. Its headquarters are in Boca Raton, and it has 600 locations nationwide. TLE at Oldsmar, LLC has leased the property since 2010. The initial double net 15-year lease expires in August 2025. A five-year option to renew until 2031 has been confirmed. The lease then allows for two five-year options to renew with a 10% rent increase every five years.
The one-story, 11,586 gross square-foot structure was completed in 2011 and is situated on a 1.43-acre of land. It was last purchased by Ranoneh LLC in 2015 for $3.3 million.
The listing is provided by Reid Thedford and Evan Cannan with Marcus & Millichap.
11880 34th Street N., Clearwater. Photo: LoopNet.com.
Clearwater industrial land sells
Two parcels of land, totaling 11.83 acres, closed Aug. 19 with a sales price of $12.075 million. The site, at 11880 34th Street N., Clearwater, along with an adjacent vacant lot, consists entirely of crushed asphalt. It allows for multiple uses, has utilities already in place and offers options for outdoor storage or industrial development.
Located at the corner of 118th Avenue and 34th Street N., the properties are zoned for a maximum building size of 335,082 square feet. Currently there are three structures – 1,972, 722, and 370 square feet – standing on the property.
The seller, AAA Service Company, a demolition contractor based in Clearwater, purchased 11880 34th Street N. in 2016 for $615,000 and the adjacent lot in 2020 for $583,400. The buyer is Waste Pro, which was founded in 1973 and has over 90 locations throughout the southeast. The seller was represented by Cherie Tedesco-Gamble with Keller Williams Real Estate. Jeff Clapacs, with Commercial Partners Realty, Inc. represented the buyer.
Real estate agents: Please forward all news for Places This Week to Amy Kagan at amy@stpetecatalyst.com. Thanks!
