Penthouse Sells For $27M, Sets St. Pete Sales Record: Reports

ST. PETERSBURG, FL — The penthouse of a condo building being built along the St. Petersburg waterfront has been sold for a record $27 million, according to multiple reports.

The most expensive condo previously sold at Saltaire for $8.25 million last year.

The penthouse at the Waldorf Astoria Residences, which is being built near Al Lang Stadium and will be the city’s tallest building once completed, was sold to a “local business leader and longtime supporter of St. Pete,” developers told WTSP.

The 50-story building, a $500 million project, will have 163 units.

The developers, PMG and Feldman Equities — launched sales for the building in April, the Tampa Bay Times said.

The 10,684-square-foot, two-story penthouse will also feature a 50-foot private pool, a private foyer entrance, custom closets and smart home technology, reports said.

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A managing partner for PMG told the St. Pete Catalyst that he was “not really surprised” by the penthouse’s price tag.

“It’s been a pleasant surprise, but not a complete shock,” Dan Kaplan said. “When we go into upscale areas like St. Pete — with a brand that’s recognizable, that sort of commands the expectation of super high-end luxury — we find that we’re generally very successful with sales.”

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