PENTHOUSE IN TOWERS OF CHANNELSIDE SELLS FOR $1.68 MILLION

Written by Posted On Tuesday, 26 November 2019 05:50

The significant sale highlights a record-breaking year for Premier Sotheby’s International Realty in the downtown Tampa condominium market.

 

TAMPA, FLA. (November 20, 2019) — A luxurious penthouse in the Towers of Channelside has sold for $1.68 million, the fourth highest priced sale in the history of the Towers. The residence at 449 South 12th Street #2703 had an offer in just 34 days; at a price of $484.56 per square foot, it is the second-highest priced sale per square foot since the building’s inception. Paul DeSantis, of Premier Sotheby’s International Realty’s Tampa office, marketed and sold the penthouse.

With 12-foot ceilings and expansive windows, the custom residence boasts spectacular skyline and water views. An array of outstanding appointments includes a chef’s kitchen with a granite slab atop a stainless steel island, as well as a side-by-side Sub-Zero refrigerator and wine locker. An executive room and theater room offer spaces for work and entertaining, while a spa-like master bath is an exquisite retreat featuring a jetted tub and separate shower with multiple body sprays and shower heads. Custom milled trim and oversized Brazilian walnut doors frame the interior, and two travertine balconies — totaling 802 square feet — provide an outdoor oasis.

In May 2019, DeSantis listed and sold another Towers penthouse: Unit 2702 closed for $1.45 million; at $484.14 per square foot, it was previously the second highest price-per-square-foot sale in the Towers. The residence had an offer in just nine days.

One month later, DeSantis set the record for the highest-priced sale per square foot of any condo sold in the history of downtown Tampa: The residence at 275 Bayshore #1808, situated in the Parkside of One Bayshore, closed for $999,000, at $655.94 per square foot, on June 21.

DeSantis has represented four of the six highest price-per-square-foot sales in the Towers at Channelside, and has listed and sold 10 high-rise condos over the $400 per-square-foot price point in downtown Tampa.

Quote:

“This market is particularly appealing to people who live downtown and are looking to upsize and stay here. We are seeing that larger units, such as penthouses, are in high demand right now. The resale pricing is starting to head in the direction of what the new construction is going to be. Demand for a luxury product is increasing, while strong interest in the area’s renowned cultural and recreational offerings is adding to the momentum.”

Paul DeSantis, Premier Sotheby’s International Realty

About Premier Sotheby’s International Realty

Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,100 associates and employees in 40 locations throughout Florida and North Carolina. Premier Sotheby's International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. For more information, visit premiersothebysrealty.com.

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