Downtown St. Petersburg condo tower penthouse sells for a record $6.9 million cash

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The top-floor penthouse of Ovation, a luxury condo tower on Beach Drive in downtown St. Petersburg, has sold for a record $6.9 million.

The all-cash transaction, which closed Friday, was the highest-priced condo sale in Tampa Bay history and the highest-priced bay area residential sale so far this year.

Lloyd J. Thornburg, founder of an internationally known yacht racing team who is also a director of a New Mexico-based foundation, was the buyer.

“I made some friends here and basically the lure was the same lure as for everybody; I loved St. Pete.”

Thornburg, who is in his mid 30s, visited the area several times, looking at single-family homes as well as condos in other downtown towers including Parkshore Plaza, 400 Beach Drive and the Vinoy. He also looked at another penthouse in Ovation — there are four — but settled on the top-floor unit.

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John William is a cum laude graduate of the University of Miami, and has spent his lifetime in sales and marketing. The fourth generation to join his family business, John William manages all luxury residential sales and transactions within the Tampa Bay and South Florida markets. A keen industry insider with a finger on the pulse of the area, He is an expert identifying high-return acquisition and development opportunities for hungry investors both large and small while simultaneously working with homeowners and homebuyers to buy and sell the home of their dreams… often times without the need of the MLS or a For Sale sign. He also oversees all digital and print marketing for the company, and handles all sales training for new and established agents alike. He is a member of the Board of Directors of Brookwood Florida, the oldest charity in Florida, and works to raise millions of dollars annually for local charities and museums.