Excerpt from: News and Views from St. Petersburg, Florida
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| December 22, 2007 | | JMC Communities on Clearwater Beach closed record high condo sale in Residences at Sandpearl Resort | Pinellas County had its first closed condo sale over $4 Million. JMC Communities sold one of its Residences at Sandpearl Resort on Clearwater Beach earlier this month for $4,400,000. To my knowledge this is the most expensive condo sale in Pinellas County. I know of 5 condo sales in the $3 Millions. It's interesting to note that 3 of the 5 most expensive condo sales were in JMC Community Developments. Two sold this year on Clearwater Beach, another in the Residences at Sandpearl Resort and one just to the south in Mandalay Beach Club. The third sold in 2005 in the Grande on Sand Key, just south of Clearwater Beach.
The two other condo sales over $3,000,000 were in downtown St. Petersburg - one last December in Parkshore Plaza for $3,750,000 and one in 2005 in Vinoy Place for $3,400,000. I'm aware of at least one pre-construction condo contract over $5 Million, also in downtown St. Petersburg in the Grand Bohemian - but it's closings that are proof of the pudding.
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