Tampa Bay Business Journal, 11-22-19

Real Estate Baron Buys ONE St. Pete Penthouse for Second Highest Price Ever Paid for a St. Pete Condo

By Ashley Gurbal Kritzer | Tampa Bay Business Journal

A penthouse on the 41st floor of ONE St. Petersburg has sold for $4.15 million — the second highest price ever paid for a condo in the city’s history.

M. Patrick Carroll, founder and CEO of the Carroll Organization, closed on the condo in late October, according to Pinellas County property records. The Carroll Organization is an Atlanta-based real estate firm, though Carroll also owns a home in Tampa.

The sellers, Amy and Jeffrey Towers, paid $3.1 million for the penthouse in March, according to property records. The Towers bought the condo from the developer, West Palm Beach-based Kolter Group.

The 3,338-square-foot condo has three bedrooms, three and a half bathrooms and floor-to-ceiling sliding glass windows that open to an expansive private terrace.

Luna Brown of Premier Sotheby’s International Realty’s South Tampa office represented Carroll in the transaction.

“This record-breaking sale is proof that there is an increasing demand for luxury real estate in downtown St. Petersburg,” Brown said in a statement. “Our discerning buyer saw the value in the architecture, water views and amenities, all of which complement the highly desirable location.”

SOURCE: bizjournals.com


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