New Condos in Downtown St. Petersburg: Modern Luxury Meets Vibrant Living

Downtown St. Petersburg is booming with new condominium developments that combine modern luxury with urban convenience, making it one of Florida’s most sought-after locations. Leading the way is the Residences at 400 Central, the tallest residential tower on Florida’s Gulf Coast at 46 stories. Offering 301 luxury condos starting at $1 million, this iconic tower features breathtaking views of Tampa Bay and the Gulf, along with unparalleled amenities such as a Sky Lounge, resort-style pool, dog park, fitness center, and over 60,000 square feet of retail and dining space. Other notable projects include Saltaire, a 35-story tower with spacious residences starting at $1.2 million and a rooftop pool; Art House, a sleek 42-story tower featuring co-working spaces and contemporary finishes; and Reflection, an 18-story boutique development with a private rooftop oasis.

Living in downtown St. Pete means embracing a vibrant, walkable lifestyle. Residents enjoy proximity to award-winning restaurants, boutique shops, local markets, and cultural gems like the Dali Museum and the St. Pete Pier. Outdoor enthusiasts will love the scenic waterfront parks, biking trails, and easy access to Gulf Coast beaches. The neighborhood condos also represent a smart investment opportunity, with the city’s real estate market thriving and luxury units in high demand. Whether you're seeking a new home or an investment property, acting early during pre-construction phases can secure you better prices and customization options.

Navigating the competitive market in St. Pete can be overwhelming, but The Kohan Group is here to help. With expertise in downtown St. Petersburg, their team can guide you in finding the perfect condo that matches your needs and lifestyle. Don’t miss your chance to be part of this exciting urban transformation. With move-ins beginning as early as 2025 and limited inventory remaining, now is the time to act. Contact The Kohan Group at 727-204-5001 or visit www.SunCoastHome.com to learn more and schedule a tour.

 What’s Happening in the Florida Housing Market?

If you’ve been wondering about the Florida housing market lately, let’s look into the details! The market has shifted significantly, and it’s creating a lot of buzz for buyers and sellers alike.

Recently, I’ve been getting calls from home sellers who are frustrated with their condos or homes not selling fast enough. They’re worried about the lack of showings, extended time on the market, and more. While it’s tempting to point fingers at their current Realtor, the reality is often not the Realtor's fault at all.

The Florida housing market has transitioned into a balanced market. This means neither buyers nor sellers have an extreme advantage, although I’d argue it’s leaning slightly in favor of buyers right now. With post-hurricane uneasiness, rising interest rates the dynamics have shifted—but this also presents opportunities.

For buyers, this is a golden opportunity to break into the market! More sellers are now willing to offer repairs, rate buydowns, and even help with closing costs—something that was nearly unheard of just a couple of years ago. Additionally, with more price reductions happening than new inventory hitting the market, buyers have more room to negotiate and find a deal that works for them.

Sellers, this isn’t the market of a few years ago. Gone are the days when buyers lined up down the block to view your home. However, this doesn’t mean you can’t sell successfully. It’s important to set proper expectations, as slower foot traffic and price reductions are the new normal. The good news is that buyers in today’s market are more serious, as they now have the time to make more thoughtful decisions. 

While it’s true the market has slowed, it’s still a fantastic time to act—whether you’re buying or selling. Buyers have negotiating power and more options, while sellers can capitalize on the lack of inventory if they approach the process strategically.

If you’re wondering what’s next, let’s talk about predictions! While I don’t have a crystal ball, I’m optimistic about the opportunities that lie ahead. Whether you’re considering buying or selling, let’s make a plan that fits your goals.

Ready to talk more about the Florida housing market or my predictions for 2025? Reach out anytime!

📲 Phone: 727-204-5001
🌐 Website: www.suncoasthome.com

This could be your moment to make a move! Let’s connect today.

Keyvan Kohan

Broker/Associate

Why Selling Your Home Over the Holidays is a Perfect Idea

Some people believe the myth that the real estate market grinds to a halt at the end of the year. However, the holiday season makes an excellent time to buy or sell your home.

Those who are taking time away from photographing Susie dance with sugarplums or whipping up grandma's famous mint cookie recipe are serious about locating a new residence. They are generally laser-focused, ready and willing to buy. There can also be less competition if there are fewer homes for buyers to choose from in December. 

During the holidays we tend to decorate, bringing out the best in a home. Ideally, listings will show beautifully decked out in wreaths, bows, lights and smelling of a winter scent of pine. Holiday time may provide an emotional connection when buyers feel attached and might be willing to pay the full asking price.

Initially, you might think people have less time at the holidays to look at homes because they are too busy. Actually though many have less demanding schedules due to time off between Christmas and New Year's. Some people need to buy and only have this short period to find a new home before the new year.  This would be an opportune time to capture employees who will begin a new job at the beginning of the year.

Kohan and Associates would love to list your home for the holidays.  Give us a call to discuss today!
727-565-1658

It's Time to Leave the Basement

Still living in the room downstairs at Mom's house?  Say goodbye and run to your nearest real estate agent's office. Join the rising number of Americans who became homeowners in January, February and March this year. The rate of homeownership according to the Census Department was higher than a year ago, 64.2%. The number of renters has fallen for the past year or so. It appears to be a trend according to chief economist for Veritas Urbis Economics, Ralph McLaughlin. Evidence from real estate agents prove that as buyers are turning out in force, homes are "flying off the market". Pick up that rotary phone on the wall and dial us up (727) 565-1658.  We will help you get out of the basement! 

Kohan & Associates www.Suncoasthome.com

Tampa Bay Real Estate Blog- Kohan & Associates Real Estate: The Tides Roll in and out

Tampa Bay Real Estate Blog- Kohan & Associates Real Estate: The Tides Roll in and out: On new Year's Eve 1936 The Tides Hotel and Bath Club officially opened. It was a group of buildings including the main hotel, patio apa...

The Tides Roll in and out

On new Year's Eve 1936 The Tides Hotel and Bath Club officially opened. It was a group of buildings including the main hotel, patio apartments, a motor inn and cottages.  The Bath Club was in the center and had two dining rooms, a ballroom, dinner theater and two swimming pools. With its creaky wood floors, posh oriental rugs and eloquent ambiance, it was the place to see and be seen.  Pinellas County's high society made it their chosen recreation area  for weddings, art exhibits, fashion shows and special events. Time could be spent swimming, honeymooning, playing cards, eating lunch or cutting a rug on the parquet floors of the Four Seasons Room.

The impeccable service drew famous visitors like Alfred Hitchcock, Marilyn Monroe and Joe DiMaggio.  Thousands of members through the years spent time at The Tides. Although popular, the hotel became old and rundown. The 14 acres of beachfront land were soon worth more than the aged bath house and hotel so were sold to make way for a new development. In 1996 the old Tides was demolished with the new Tides completed in 2000. 

Today, the Tides Beach Club consists of 6 condo buildings, 214 units, 3 swimming pools and sprawling sand beach along North Redington. The Tides roll out and the tides roll in.

For information on the beautiful complex or any other properties, feel free to contact Kohan & Associates at www.Suncoasthome.com.

Deciding Between Renting and Owning?

Compare the cost of Renting vs. Owning a Home in Every State in 2017 to determine the most affordable option. According to GO Banking Rates, it has traditionally been financially wiser to own a home rather than renting one.  But as the demand increases and the supply decreases, the price of homes has been rising across the country, per real estate marketplace Zillow. So is it better to rent or own?

In a survey comparing costs of renting versus owning, a number of places were found where it is more expensive to own than rent.  This was the case in 11 of the 50 states, including a few states where the price difference is nominal.

The study looked at the estimated rent prices for all homes listed on Zillow.  Additionally the estimated monthly mortgage to own a home in each state was calculated, based on the median list price of homes listed on Zillow, a 20% down payment and a 30 year fixed rate loan.

The monthly rent in Florida was determined to be $1,543 on average with a monthly mortgage average of $1376.  One could argue based on these numbers that it is better to buy than rent in the Sunshine State.  Home prices have been rising in Florida so if you are considering making your move, there is no better time than the present.  Let Kohan & Associates help with the process.  Visit our website at www.Suncoasthome.com.

To read more about other states from this article, click here.