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Places This Week: Indian Rocks Beach apartment building
A weekly roundup of notable local real estate news.
A bright, multi-colored building with five rental units, located at 2108 1st St. in Indian Rocks Beach, has listed for $5.25 million. The 0.33-acre lot is across the street from the beach and close to restaurants, bars and tourist attractions.
Newly constructed in 2021, the five three-story units together comprise 8,357 heated square feet. Each apartment is fully furnished and features three bedrooms and 2.5 baths, with the master bedroom having its own private bath and balcony on the upper level. On the main level is the living and dining area with access to the second balcony. Each apartment includes a 55-inch smart television and fully-stocked kitchens. Other essentials such as toiletries, hair dryers, linens and bath and beach towels are also included.
The lower level provides private two-car garages and an outdoor common area. The backyard is spacious enough to build a pool.
The property was last purchased in 2016 for $399,600. The listing agent is Daniel Echevarria with First Housing Realty Group.
5968 Bayview Circle S., Gulfport. Photo: Realtor.com.
Five-bedroom Gulfport pool home lists
A 5-bedroom, 4.5 bath home at 5968 Bayview Circle S. in Gulfport has listed for $1.39 million. Built in 1993 and redesigned in 2021, the residence is located within the Pasadena Yacht and Golf Club gated community.
The 4,457 gross square feet includes 1,876 square feet of living space along with the primary bedroom on the second level, a 1,552 square-foot garage on the lower level and a 723-square-foot third-level loft. The kitchen features leathered granite countertops and state-of-the-art cabinetry and vinyl flooring. An in-law suite off the garage offers its own private entrance, a living area and kitchenette.
Outdoors is a private pool, covered patios and a large side yard. The 8,664 square-foot corner lot is a 10-minute drive to St. Pete Beach and 15 minutes from downtown St. Petersburg.
The property was last purchased in 2021 for $690,000. The listing is provided by Aaron Chand with EXP Realty LLC.
12925 49th Street N., Clearwater. Photo: Crexi.com.
Clearwater warehouse sells
A three-building industrial warehouse located at 12925 49th Street N., Clearwater sold June 14 for $2.3 million – almost $2 million lower than the original asking price. The property, with a combined 50,150 gross square feet, is suitable for a variety of warehouse, distribution or manufacturing uses. It sits on 2.23 acres of land with 220 feet of frontage on 49th Street, just off Ulmerton Road.
Building 1 is a concrete block one-story structure built in 1959 with 24,500 heated square feet and a 1,900 square-foot loading platform. It has a corrugated metal roof, 26-foot ceilings and five bay doors. Building 2 combines concrete block and metal construction. Built in 1972, it offers 12,500 heated square feet, 17-foot ceilings and one bay door. Building 3 is a pre-engineered metal structure built in 1990 with 11,156 heated square feet, 27-foot-high ceilings, a loading dock and one bay door.
The seller, Fat Lion Real Estate LLC, was represented by Tim Shea with Coldwell Banker Realty. The buyer is Central Properties, Inc., as Trustee of the 49th St. Trust, a Florida land trust with offices in Tampa.
1 ASI Way, St. Petersburg. Photo: Crexi.com.
Progressive office space hits the market
A 123,752 heated square-foot office space located at 1 ASI Way N., St. Petersburg has entered the market for an unpriced amount. The property has served as the headquarters for the owner and seller, American Strategic Insurance (ASI), since 2013. In 2015, Progressive Corporation purchased a controlling interest in ASI to enter the homeowner’s insurance market in St. Petersburg. They completed the acquisition in 2020, rebranding the business as Progressive Home.
The three-story property was built in 2013 following the demolition of a prior structure. It is conveniently located one mile east of the Gandy Blvd/I-275 interchange.
Highlights include modern architecture and design specifications, plug-and-play spaces, a fitness center and best-of-class onsite amenities. Progressive will vacate the building upon closing and consolidate its operations to another structure on the 13-acre property.
ASI purchased the property in 2012 for $4.15 million. The listing agents are Joe Chick, Dale Peterson and Courtney Snell with CBRE Capital Markets.
3110 1st Street W., St. Pete Beach. Photo Homes.com.
Waterfront St. Pete Beach condominium sells for over $3 million
Located 200 yards south of the Don CeSar Hotel, a 3-bedroom, 2-bath waterfront condominium at 3110 1st Street W., St Pete Beach sold June 17 for $3.21 million.
Unit 201, with 2,250 square feet of space, features an open living and dining area with a wood-burning shell and marine life fossil fireplace; a chef’s kitchen with a butler’s pantry; Miele, Wolf and Sub-Zero appliances and custom cabinetry; and a master suite bath with a steamer, massage and rain shower, and a cast iron deep soaker tub. A private outdoor balcony with marble fossil limestone provides direct Gulf of Mexico views.
Built in 1995, the residence underwent renovations valued at $65,000 in 2006 and $10,029 in 2013. The seller purchased the unit in 2022 for $2.99 million. The listing was provided by Tim Shields with Florida Realty Investments. The buyer was represented by Julie Everett with The Toni Everett Company.
505 11th Avenue NE, St. Petersburg. Photo Loopnet.com.
St. Petersburg apartment complex sells
Cherry Hill Apartments, a six-unit complex at 505 11th Avenue NE in the Old Northeast neighborhood of St. Petersburg, sold June 13 for $1.25 million, $75,000 below the asking price. The property’s two buildings, encompassing a total of 3,939 gross square feet, were both built in 1925.
Building 1 is a one-story structure with four living units, 1,730 heated square feet and a 354 square-foot screen porch. Building 2 is a two-story structure with two living units, 1,045 heated square feet and 810 square feet of garage, porch and utility spaces.
All units have been renovated, included updated kitchens, bathrooms and showers. A new roof was installed in April of this year. The 0.18-acre property sits on a corner lot with Beach Drive, the St. Pete Pier and North Shore Park a short walk away.
The seller, VK Investment Group LLC, purchased the property in 2016 for $675,000. The buyer, Cherry Hill LLC, is based in Chicago and filed as a limited liability company with the State of Florida in May 2024. The listing was provided by Kyle Keelan and Phil Ginexi with The MultiFamily Firm.
Real estate agents: Please forward all news for Places This Week to Amy Kagan at amy@stpetecatalyst.com. Thanks!
