The Towers of Channelside and the Channelside District
Yesterday the St. Pete Times reported that now, only 29 of 257 units remain for sale by the developer in The Towers of Channelside. The Towers boasts two 28-story buildings, which includes eight grand penthouses. Only five of the eight grand penthouses are still available.
Pricing is down almost 50% from the peak of the real estate market just a few years ago. Attractive financing options with as little as 5% down, outstanding water views and a prime location close to downtown Tampa is the draw for many who desire urban living and luxury. I’ve always loved the water views and expansive balconies, which are a rarity to find in the Downtown area. There just isn’t any other hi-rise that compares in price or square footage.
Here’s a sample of pricing:
A large 1 bedroom condo now starts at 170,00.00
The grand penthouse went from 1.6 m to 899K.
A smaller Jr. Penthouse is now listed for $539K, you can see the You can see the floor plan here.
One of the most popular 3 bedroom/3 bath units, St. Croix model has a 662 sf wrap-around balcony, and is currently listed for $334,000. Here’s the Towers of Channelside St. Croix floor plan.
Short sales and foreclosures are also rare; the people who purchased planned on living there or making this their second home. Many buyers and investors are paying cash as well.
A 3 bedroom unit would rent between 2,000-3,000 per month, if you can find one.
If you’ve been on the fence and haven’t seen what this luxury waterfront condo building has to offer, now may be your last chance to get the deal of a lifetime.
For more information on any units for sale, or short sale and foreclosures please contact us.