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