What is the Most Expensive Condo in St. Petersburg, FL?

What is the Most Expensive Condo in St. Petersburg, FL?

St. Petersburg, Florida, known for its beautiful waterfront views, cultural diversity, and luxurious living options, has reached new heights in the real estate market with a record-breaking condo sale. The recent transaction of a penthouse at the Saltaire building in downtown St. Petersburg sold for a staggering $8,250,000, setting a new high for luxury real estate in the Tampa Bay area. As a realtor with Avalon Group Realty, I’ve seen the city’s real estate landscape evolve over the years, but this sale undoubtedly elevates the appeal of high-end condos in St. Pete.

The Most Expensive Condo in St. Petersburg, FL

When people ask, “What is the most expensive condo in St. Petersburg, FL?” they’re talking about the penthouse at the Saltaire building on 301 1st Street South. This remarkable residence offers over 6,100 square feet of customizable interior space on the 35th floor, paired with panoramic 280-degree views from Tampa Bay to the Gulf of Mexico. It’s an open canvas of luxury with four bedrooms, 5.5 bathrooms, and three private balconies, creating a blend of indoor-outdoor living that truly embodies the high-end Florida lifestyle.

Aaron Hunt, Broker at Avalon Group Realty, remarks, “The Saltaire penthouse sale marks a new era for St. Petersburg condo living. It’s a fusion of luxury, personalization, and prime location that’s hard to match.” Indeed, St. Petersburg FL real estate has never seen such a high-value, unfinished property reach the market, providing its new owner the rare opportunity to tailor every detail to personal taste.

Saltaire’s Amenities: Luxury and Exclusivity

For any luxury condo in St. Petersburg, the surrounding amenities are a huge draw, and the Saltaire offers some of the best. Residents enjoy an expansive pool deck with private cabanas, a well-equipped fitness center, a 7th-floor dog park, and an exclusive club room with breathtaking waterfront views. Saltaire also pampers with concierge and valet services, bringing a new level of convenience and luxury to St. Pete’s downtown lifestyle.

Pam Amante, a realtor at Avalon Group, notes, “The amenities at Saltaire elevate the living experience. It’s about more than just the condo itself; it’s the lifestyle. Saltaire brings together the best of St. Petersburg’s luxury real estate.”

Why St. Petersburg’s Condo Market is Hotter Than Ever

The appeal of living in St. Petersburg is clear, as this waterfront city offers warm weather, beautiful beaches, and a rich cultural scene. “Many people are discovering the unique blend of luxury and lifestyle in St. Pete,” says Nora Sturgill, realtor with Avalon Group. “They want an upscale, yet vibrant urban environment, and St. Petersburg delivers on that.”

The penthouse’s prime location in downtown St. Petersburg allows residents to easily access popular destinations like the St. Pete Pier, the Dali Museum, and local restaurants, all just steps away. This blend of high-rise condo living and close-knit community vibes continues to push the St. Petersburg condo market into uncharted territory.

What Sets This Penthouse Apart from Other Luxury Condos

When comparing St. Pete luxury real estate, the Saltaire penthouse clearly stands out. Its record-breaking price is backed by features that combine exclusive design potential with unmatched views. Josh Zanow, another Avalon Group realtor, adds, “The uniqueness of the Saltaire penthouse lies in its customizability. Most luxury condos are already finished, but this space is a blank slate. It’s perfect for someone who wants a home that truly reflects their vision.”

The 6,100 square feet of indoor space and 1,700 square feet of balcony area provide abundant room for an expansive layout, making it the perfect residence for those who desire both privacy and breathtaking scenery. St. Petersburg waterfront views are a premium feature for condos in the area, and this penthouse’s 280-degree vantage point is virtually unparalleled.

How Does This Condo Compare to Other Top-Priced Condos?

The St. Petersburg FL real estate market has its share of premium condos, but few match the Saltaire’s scale, location, and price. Aaron Hunt explains, “The Saltaire penthouse is the highest-priced condo in Tampa Bay for 2024 and the third highest all-time. This sale reflects a continued demand for luxury condos that combine high-rise living with premium amenities.” Such a high value places it firmly as one of the best condos in St. Petersburg and beyond.

Beyond the price tag, however, the Saltaire penthouse offers customization and exclusivity that high-end Florida living connoisseurs often seek. While other expensive condos in Florida deliver waterfront views or spacious layouts, the Saltaire penthouse offers both, alongside a prime downtown location and one-of-a-kind design flexibility.

Living the High-End Florida Life

This sale represents more than a luxurious condo; it represents a way of life. With Florida condo prices on the rise, especially in premium coastal markets, high-end living in Florida is an investment in both lifestyle and asset growth. Yvette Kim from Avalon Group says, “It’s not just about owning a high-rise condo; it’s about owning a piece of St. Pete’s vibrant community. The city’s culture, amenities, and waterfront views make it a highly sought-after location.”

St. Petersburg’s real estate market continues to thrive, with luxury condos in St. Petersburg capturing attention from buyers worldwide. The high demand for upscale condos like Saltaire reinforces the city’s standing as a premier destination for luxury real estate FL. Those interested in the exclusive condos St. Pete offers will find that living in St. Petersburg provides a unique and unmatched experience.

The Impact of Condo Market Trends on Future Sales

The recent $8,250,000 sale speaks to the upward trends within St. Petersburg condo prices and the broader Tampa Bay luxury market. High-rise condos in St. Pete are not only selling but are achieving unprecedented price points. With strong demand and rising prices, St. Petersburg remains a prominent player in luxury real estate, and the downtown St. Pete condos continue to attract high-net-worth individuals.

The trend toward premium condos Florida offers in cities like St. Petersburg could mean future sales will only continue to rise. With inflation impacting the market and new development in the area, properties that offer exclusivity and quality will continue to command top dollar.

Unmatched Luxury and Endless Potential at the Saltaire Penthouse

While we’ve highlighted the remarkable features and amenities of the Saltaire penthouse, let’s delve deeper into what sets this unit apart from other high-end condos in St. Pete. For luxury buyers in St. Petersburg, this penthouse doesn’t just represent a home; it offers an opportunity to create an exclusive living experience in a city that exudes culture, nature, and history.

According to Aaron Hunt, Broker at Avalon Group Realty, “Luxury buyers in St. Petersburg are looking for homes that offer more than just square footage. They want premium views, unique amenities, and the ability to customize.” And customization is the hallmark of the Saltaire penthouse. As an unfinished unit, it invites its owner to reimagine its expansive space entirely according to their vision.

With 6,100 square feet of interior space, the penthouse boasts four bedrooms and five and a half baths, including private en suites. There’s a rare and elegant touch in the design with separate his and hers bathrooms—a feature that emphasizes personal comfort and privacy. “This space offers the ultimate luxury: choice,” says Yvette Kim, Realtor at Avalon Group Realty. “Being able to start from a blank slate means the owner can incorporate their own aesthetic, lifestyle needs, and even integrate unique, high-end materials that you just don’t find in a move-in-ready unit.”

An Unrivaled Outdoor Experience

The three expansive private balconies total over 1,700 square feet, providing an unrivaled opportunity to experience waterfront views of St. Petersburg. These outdoor spaces invite residents to immerse themselves in 280-degree viewsthat sweep across Tampa Bay to the west and capture breathtaking sunsets over the Gulf of Mexico. “Each balcony can serve a unique purpose,” notes Josh Zanow, another Realtor with Avalon Group. “Imagine one balcony as an alfresco dining area, another as a lush garden retreat, and yet another as a quiet morning coffee space. This outdoor space, perched so high, becomes an extension of your personal haven in the sky.”

For those who cherish bayfront condos in St. Petersburg with a connection to the city’s vibrant life, the penthouse’s positioning within Saltaire is ideal. Steps away from popular destinations like the Dali Museum, St. Pete Pier, and the bustling nightlife of Central Avenue, this condo allows residents to enjoy the energy of downtown St. Pete condoswithout sacrificing peace or privacy.

The Evolution of the St. Petersburg Condo Market

This penthouse sale signifies a new era for the St. Petersburg FL real estate market, illustrating how buyers are increasingly attracted to top-of-the-line amenities, proximity to the waterfront, and the potential to create a one-of-a-kind home. According to Nora Sturgill, Realtor at Avalon Group Realty, “We’ve observed a surge in demand for luxury real estate in FL that provides both style and substance. Buyers now prioritize condos that offer private spaces for relaxation and entertaining, with the freedom to personalize every detail.”

In recent years, the St. Petersburg market has transformed from a relatively affordable locale to a thriving hub of high-end Florida living. The average sale prices for waterfront condos in St. Petersburg have risen dramatically, reflecting both the area’s popularity and its appeal to out-of-state buyers seeking warmer climates and tax benefits. “St. Pete is on the radar for buyers who once focused only on Miami or Palm Beach,” explains Pam Amante, Realtor at Avalon Group. “But what makes St. Pete unique is its combination of world-class arts, dining, and natural beauty, plus a more relaxed lifestyle. This has driven demand for premium condos in Florida, leading to impressive property value increases.”

The Luxury Amenities Defining High-End Condos in St. Pete

What distinguishes a luxury condo from other options on the market? Amenities play a significant role. In the Saltaire building, owners experience a range of top-tier features that define upscale condos in St. Pete. The building provides 24-hour concierge services, valet parking, and on-site management, ensuring every resident’s needs are met with precision and care. A resort-style pool deck, lined with cabanas and loungers, creates a mini-vacation spot right at home, while a state-of-the-art fitness center and private fitness studio make staying active convenient and enjoyable.

“The level of care and luxury here is astounding,” says Aaron Hunt. “This building and others like it represent the very best in high-rise condos in St. Pete. They offer a lock-and-leave lifestyle, perfect for busy professionals or those who travel frequently, but without sacrificing comfort or quality.” For pet lovers, Saltaire even boasts a seventh-floor dog park, acknowledging the importance of furry family members.

The Allure of Downtown St. Petersburg Condos

It’s no surprise that downtown St. Pete condos like Saltaire have gained incredible traction. The location offers an unbeatable combination of natural beauty and urban charm. From here, residents are steps away from gourmet dining, local markets, live performances, and countless festivals throughout the year. The city’s unique mix of coastal charm and metropolitan sophistication is evident around every corner. “St. Pete offers something rare: a waterfront lifestyle with a cosmopolitan twist,” remarks Josh Zanow. “It’s why people are willing to pay top dollar for the best condos in St. Petersburg.”

When you consider all that downtown St. Pete has to offer, it’s clear why this penthouse, even at a record-breaking $8.25 million, is such a coveted property. “To live here is to be at the heart of a community that’s as culturally vibrant as it is breathtakingly beautiful,” says Yvette Kim. This unmatched combination of location, luxury, and customization makes the Saltaire penthouse an excellent investment and a true standout in the St. Petersburg condo market.

Market Insights: Florida Condo Prices on the Rise

As Florida condo prices continue to climb, buyers seeking million-dollar condos in FL will find St. Petersburg an attractive option. With the city’s growing demand and limited inventory, the market has shifted to favor sellers, especially in the luxury sector. But beyond investment potential, buying a luxury condo in St. Petersburg means acquiring a lifestyle filled with sun-soaked days, waterfront activities, and vibrant city life.

“The luxury condo market here isn’t just about real estate—it’s about embracing the Florida lifestyle to its fullest,” says Aaron Hunt. And with more developers eyeing St. Pete for future high-end projects, exclusive condos in St. Pete like Saltaire are poised to maintain and even increase their allure and value in the coming years.

For those who value high-end Florida living, the Saltaire penthouse offers an irreplaceable opportunity to not only enjoy all that St. Petersburg has to offer but to do so in a residence entirely crafted to their desires. “Imagine creating a space that is not just a home but a true sanctuary, customized from floor to ceiling,” notes Nora Sturgill. “It’s rare to find an opportunity like this, in a location as rich and lively as St. Pete.”

Who is the Ideal Buyer for the Saltaire Penthouse?

The Saltaire penthouse isn’t just a residence; it’s a rare lifestyle choice that calls out to discerning buyers who value exclusivity, personalized design, and the ability to live at the height of luxury. This penthouse speaks to those who are not only looking for an opulent home but also desire a sanctuary that reflects their unique tastes and aspirations. But who is the buyer that truly appreciates all that this property has to offer?

1. The Visionary Homeowner
With its open, unfinished floor plan, the Saltaire penthouse is a canvas waiting to be shaped into a one-of-a-kind home. It appeals to visionary buyers—those with a clear idea of their ideal home or a dream to create something distinct from the ground up. For individuals who’ve always wanted to integrate their personal style into their living space, this penthouse allows complete freedom to design, select materials, and layout each room exactly as they imagine. The buyer who values customization can hand-pick everything from high-end fixtures and finishes to tailored millwork and built-in features that express their personality.

Aaron Hunt, Broker at Avalon Group Realty, notes, “This is for a buyer who appreciates the ability to shape their environment. They’re likely someone who has seen other luxury properties and knows exactly what they want but may not have found it ready-made.” The Saltaire penthouse, with its unconstructed spaces, gives them that freedom to make it truly their own.

2. The Entertainer and Host
For those who thrive on hosting friends, family, or even business associates, the Saltaire penthouse offers the ideal layout to entertain. Its 6,100 square feet of interior space can be designed to flow from grand living and dining areas to comfortable lounges and media rooms, with seamless access to outdoor terraces. The three private balconies are perfect for sunset cocktail gatherings, intimate dinners, or morning coffee with spectacular waterfront views.

This penthouse appeals to buyers who are accustomed to hosting in style. They may be industry leaders, entrepreneurs, or prominent members of the community who enjoy offering their guests an extraordinary experience. The option to customize spaces with built-in bars, wine cellars, or even a private screening room makes this residence ideal for hosting, whether it’s a formal dinner or a laid-back movie night.

3. The Art Collector and Connoisseur of Design
With its expansive, open floor plan and walls of glass, the Saltaire penthouse appeals to art collectors and design connoisseurs who appreciate a space that highlights their collections. St. Petersburg is home to an impressive arts scene, including the world-renowned Dalí Museum, so it’s not uncommon for buyers in the area to have a profound appreciation for art.

The penthouse’s high ceilings and wall space offer ample room for displaying large pieces or curated collections, while natural light from the panoramic windows highlights artwork beautifully. This is an ideal home for someone who views their residence as a gallery and values spaces that bring out the best in their collections. “For someone with a passion for fine art, sculpture, or even avant-garde furniture, this space is a dream,” says Pam Amante, Realtor at Avalon Group. “It’s a modern gallery space in the sky.”

4. The Privacy-Seeker Who Still Wants Access
Privacy and exclusivity are paramount for many luxury buyers, and this penthouse’s position atop the Saltaire tower offers just that. With private access elevators and limited neighboring units, the Saltaire penthouse provides a secluded environment with peace and quiet. Yet it’s in the heart of downtown St. Pete—a quick elevator ride brings residents to fine dining, cultural events, and the vibrant waterfront.

This is the ideal residence for someone who wants the best of both worlds: a retreat from the hustle and bustle, but with immediate access to everything downtown St. Petersburg has to offer. For high-profile individuals who may wish to avoid too much attention, the Saltaire penthouse offers a secure and private sanctuary, while the building’s discreet services cater to their every need without intrusion.

5. The Waterfront Lifestyle Enthusiast
Florida is a prime location for those who cherish a waterfront lifestyle, and waterfront condos in St. Petersburg are particularly sought-after due to their close proximity to both the Gulf of Mexico and Tampa Bay. For buyers who love boating, fishing, or simply relaxing by the water, the Saltaire penthouse provides an unbeatable vantage point. The panoramic views, coupled with nearby marinas, offer easy access to nautical pursuits.

“Buyers drawn to this property may well be passionate about the water,” says Josh Zanow, Realtor at Avalon Group Realty. “From their home, they can see Tampa Bay, and they’re just steps from St. Pete Pier and waterfront parks.” This is more than a view; it’s an invitation to an active, sun-filled lifestyle, where kayaking, sailing, or watching dolphins from the balcony becomes part of daily life.

6. The Family Seeking a Multi-Generational Space
The large layout of the Saltaire penthouse, with its multiple bedrooms and baths, makes it ideal for multi-generational living. Buyers who envision this space as a family retreat will find that the unit’s design can accommodate both communal and private areas, allowing families to live comfortably under one roof while preserving personal space.

It’s perfect for a buyer who wants to create lasting family memories. For those with adult children or aging parents, the penthouse offers the perfect setup: everyone has privacy within their suite while enjoying shared spaces that bring the family together. Nora Sturgill, Realtor at Avalon Group, explains, “It’s a haven for families who want to be together without sacrificing anyone’s comfort or independence. A space like this is rare, especially with the option to customize.”

A Visionary Buyer: Trevor Burgess

Trevor Burgess, the proud new owner of the iconic Saltaire penthouse, is far from an ordinary buyer. Burgess is a name well-recognized in financial circles as a visionary entrepreneur and innovator, with an impressive career that spans investment banking, real estate, and insurance. As the founder of TRB Development and CEO of Neptune Flood Insurance, Burgess’s impact reaches far beyond St. Petersburg, but it is here in St. Pete that he’s chosen to craft his personal piece of paradise.

With his unique blend of professional expertise and commitment to community, Burgess brings more to the Saltaire than just a record-setting sale. As Aaron Hunt, Broker at Avalon Group Realty, notes, “Trevor Burgess isn’t just a buyer; he’s a visionary shaping the landscape of St. Petersburg, both in business and in community impact.”

A Pioneer in Business and Social Impact

Burgess’s journey to becoming a high-profile figure in St. Petersburg started with a successful decade at Morgan Stanley, where he led major investment transactions and played a pivotal role in bringing companies like Chipotle to the public market. But his achievements did not end there; Burgess went on to found C1 Bank and, by becoming its CEO, made history as the first openly gay CEO of a bank traded on the New York Stock Exchange. His leadership transformed C1 Bank into one of the fastest-growing financial institutions in Florida before it was acquired in 2016.

Today, his work as CEO of Neptune Flood Insurance has positioned him as a forward-thinker in the insurtech world, where his company leverages AI to offer more accessible flood insurance solutions nationwide. Neptune has grown exponentially under his leadership, and the company’s presence on the Inc. 5000 list is a testament to his business acumen and commitment to innovation. “Trevor Burgess is the type of leader who doesn’t just follow trends; he creates them,” says Yvette Kim, Realtor with Avalon Group Realty. “It’s no surprise he’s chosen a residence that reflects that same standard of excellence.”

Community Philanthropist and Advocate

Beyond his professional success, Burgess is a dedicated philanthropist who consistently reinvests in his community. He and his husband, Gary Hess, recently made a landmark $1 million donation to the St. Petersburg Free Clinic, inspiring a community-wide challenge to match their contribution. This gift supports a food pantry that serves thousands of residents in need, and the clinic’s volunteer program was renamed the Gary Hess Volunteer Services Program in recognition of their generosity.

Burgess’s influence is personal as well as financial. Hess has volunteered at the clinic’s drive-thru pantry, where he plays a hands-on role in supporting food distribution to underserved families. “It’s leaders like Trevor and Gary who make St. Petersburg such a special place,” notes Pam Amante of Avalon Group Realty. “Their philanthropic work adds heart to a thriving, high-end real estate market and sets an example for others in the community.”

The Perfect Home for a Pioneering Spirit

For someone as accomplished and community-focused as Burgess, the Saltaire penthouse offers more than just luxurious living space. It’s a canvas for creativity and a prime location at the heart of St. Petersburg, connecting him directly with the community he actively supports. This penthouse’s panoramic views, spacious interiors, and customization options perfectly complement Burgess’s love for St. Pete’s cultural vibrancy. Josh Zanow of Avalon Group Realty shares, “The Saltaire residence embodies everything Trevor Burgess represents — a blend of ambition, vision, and a deep-rooted commitment to this community.”

With his expertise and influence, Trevor Burgess’s ownership of this premier property extends well beyond private living. His choice in purchasing the most expensive condo in St. Petersburg is a statement that elevates the city’s profile on the national real estate stage.

Conclusion: Redefining St. Petersburg Luxury with the Saltaire Penthouse

What is the most expensive condo in St. Petersburg, FL? Today, it’s the Saltaire penthouse, standing as a testament to the city’s booming luxury market. With its blend of exclusivity, customization options, and unparalleled location, this condo represents the pinnacle of luxury living in St. Petersburg.

The sale of this record-breaking property showcases the allure of St. Petersburg, a city where high-end Florida living meets an urban oasis. The Saltaire penthouse combines an upscale design potential with the city’s best amenities, providing a lifestyle that is both prestigious and in tune with the surrounding community.

To learn more about luxury condos in St. Petersburg or the St. Pete condo market, contact Aaron Hunt, Broker at Avalon Group Realty. Aaron and our team of realtors, including myself, Rob Johnson, are here to guide you through the world of high-end real estate in St. Petersburg. Whether you’re buying, selling, or simply exploring, we’re here to help you find your ideal piece of St. Petersburg real estate.

Contact Information

For all your luxury real estate needs, reach out to Aaron Hunt, Broker of Avalon Group Realty. Experience the professionalism and expertise that have made Avalon Group Realty a trusted name in St. Petersburg and Tampa Bay real estate. Aaron and his team are dedicated to guiding you through every step of buying, selling, or exploring the local market.

Aaron Hunt, Broker
Avalon Group Realty
Phone: 727-262-7920
Website: www.AvalonGroupTampaBay.com

Connect with Us on Social Media

Stay ahead in the Tampa Bay real estate market and join our growing online community! Follow Avalon Group Realty for the latest tips, market insights, and exclusive property showcases across these social platforms:

• Facebook: AvalonGroupTampaBay – Listings, neighborhood highlights, and local events
• Instagram: @avalongrouprealtors – Stunning visuals and behind-the-scenes property tours
• Twitter: @AVALONGROUPRE – Quick real estate updates, trends, and insights
• LinkedIn: Avalon Group Realty – Professional insights, market analyses, and industry news
• TikTok: @avalongrouprealty – Creative property showcases, lifestyle tips, and real estate advice