Kevin Maloney And Ryan Shear Of PMG And Larry Feldman Of Feldman Equities Sell Condo In St. Petersburg For $27M

A duplex penthouse at 150 2nd Avenue South in St. Petersburg was sold for $27,000,000. The total square footage of the condo is 11,000, leading to a price per square foot of $2,455. This transaction marks a new record for condo prices in the Tampa Bay area. The property is a part of the future Waldorf Astoria Residences, which is slated for completion in 2030 and will be the tallest building along the Gulf Coast, featuring storm-resilient characteristics.

Summary of transation details:

• Property Type: Condo
• Transaction Amount: $27,000,000
• Address: 150 2nd Avenue South
• Market: St. Petersburg
• Square Footage: 11,000
• Price per Square Foot: $2,455
• Seller: Kevin Maloney & Ryan Shear - PMG; Larry Feldman - Feldman Equities

The sale involved Kevin Maloney and Ryan Shear representing Property Markets Group, and Larry Feldman representing Feldman Equities. The sale was made to a local business leader, demonstrating the strong demand for high-end coastal living in Florida.