Construction, continued
Liv233 still has the center
commenced on the new
unit left, listed for sale at
St Petersburg pier. So far
$1,200,000. Towns on
you can just see the pilings
Fifth now has three units
being driven into the wa-
for sale, two from the de-
ter, though they expect to
veloper at $999,999 and
start the actual construc-
one resale for $985,000.
tion on the pier any day.
Liv233
Regent Lane is mov-
They have also started
ing along on Fourth Ave
construction on the Muse-
N. with one listed for
um of the American Arts
$898,500.
of Crafts Movement,
which is attached to the
The Vela project on
parking garage on Fourth
8th Street South is still
Ave North, between Third
pre-selling, with a starting
and Fourth streets, which
Regent
Lane
price of $347,000, but no
was completed earlier this
construction has begun on
year. The museum is expected to
the site.
open in May 2019.
As you can see if you look out over
For more information, call Rob!
the water, the construction has finally
THE
SIMMS
TEAM
SHARON SIMMS
727-403-5107
[email protected]
TAMI SIMMS
The Salvador - Building east exterior (above left) and third floor amenity level (above right)
727-743-6262
[email protected]
Continued from page one . . .
VALUE CHANGES
The “Just Market Value” (JMV)
is the value the property appraiser’s
office uses to determine property tax-
es. It’s always interesting to analyze
this every year. The change in down-
town condos’ JMV from 2016 to 2017
ranged from +62% to -15%. In some
buildings, all the units had the same
rate of change; in others it varied up to
13%. Keep in mind that these values
are as of January 1st, so it’s actually
comparing 2015 values to 2016.
The highest rate of change was
in two properties, Waterfront Park and
Bay Villas, which are indicative of the
big change in downtown. Nothing has
sold under $100,000 this year, and
less than a dozen sold each of the two
years before that.
- Sharon Shares The Stats
Curious about how a particular building performed?
Email [email protected] for the individual statistics.
See past issues and/or subscribe for monthly e-mail updates at
www.DowntownStPeteCondos.com. Prefer to save a tree?
Email us at [email protected] with your name and/or
address and we’ll remove you from the printed mailing list.
rob johnson
727-599-7980
[email protected]
Sharon, Tami and Rob all hold
the highly regarded Certified
Luxury Home Marketing
Specialist and Certifed
Residential Specialist
professional designations.