$27 million penthouse sale at Waldorf Astoria Residences in downtown St. Pete shatters Tampa Bay condo record
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A local business leader has purchased a two-story penthouse atop the planned 50-story Waldorf Astoria Residences tower in downtown St. Petersburg for $27 million.
Planned for 150 2nd Avenue South, the Waldorf Astoria Residences will be the city’s tallest building and the first five-star branded condo tower in St. Petersburg. The project will include 163 condominiums, 73,000 square feet of Class A office space, 10,000 square feet of ground-floor retail, and a wide range of luxury amenities.
The sale of the 11,000-square-foot rooftop unit has shattered the record for the most expensive condominium ever sold in the Tampa Bay area.
The previous high in St. Pete was an $8.25 million penthouse at Saltaire, located next to the proposed Waldorf Astoria tower in downtown St. Pete, which sold in 2024. In Tampa, the record was an $11.6 million penthouse at the Ritz-Carlton Residences, sold in 2021.
Conceptual rendering of the penthouse | ARX Creative
The identity of the buyer was not disclosed; however, the homeowner is described as a “local business leader and longtime supporter of St. Petersburg.”
The record-breaking unit will occupy the 49th and 50th floors and feature a 50-foot rooftop pool with views of Tampa Bay, along with a private movie theater.
The $500 million tower, slated for completion in 2030, will be managed by Hilton.
The project is being co-developed by Miami-based Property Markets Group and St. Petersburg-based Feldman Equities, who own the adjacent City Center office building. Vancouver-based City Office REIT and Orlando-based Tower Realty Partners are also involved. Smith & Associates Real Estate is overseeing the sales.
Conceptual rendering of the movie theater in the penthouse | ARX Creative
Sales for the Waldorf Astoria Residences launched in late April, and 10% of the condos have already sold.
Pricing for the luxury condos starts at $2.5 million.
“This record-breaking sale of the penthouse at Waldorf Astoria Residences St. Petersburg speaks to the extraordinary flight to quality we’re seeing in the area as it evolves into a world-class waterfront destination,” Kevin Maloney, founder and CEO of PMG, said in a statement.
“There’s a real energy in St. Petersburg right now, with a growing demand for elevated, design-driven living in energetic urban settings, and this project reflects that momentum. We’re proud to be a part of shaping the next chapter of the city and its skyline.”
Designed by CUBE 3, with interiors curated by design firm BAMO, the tower will be cantilevered over a 17-story podium, creating the illusion that it’s floating.
Conceptual rendering of the kitchen in the penthouse | ARX Creative
The building will feature a double-height ground floor, 11 levels of parking with 754 parking spaces, and facilities for both long-term and short-term bicycle storage.
Each fully finished two- and three-bedroom residence, ranging from 2,031 to 3,408 square feet, will include a private entry foyer and balconies offering views of the bay.
Residences will also feature custom-built closets, Italian bathroom vanities with stone countertops, and bespoke gourmet kitchens outfitted with integrated Sub-Zero and Wolf appliances, Waterworks fixtures, and advanced smart home technology.
A 20,000-square-foot resort-style amenity deck on the 18th floor will include a 160-foot east-facing pool with bay views, a sunset pool with dual spas, elegant lounge areas, and a bar. The 18th floor will also offer private massage rooms, his and her saunas, steam rooms, a state-of-the-art fitness and movement studio, and a dedicated kids and teen entertainment club.
Conceptual rendering of the closet and dressing room in the penthouse | ARX Creative
Another resident-exclusive amenity deck, the Peacock Alley-inspired Sky Lounge, will be located on the 46th floor and will feature a sunset bar, expansive pool deck, elegant lounge areas, and an amenity terrace.
Additional residential amenities include 24-hour access to a personal concierge, valet parking, doorman and bellman services, and a selection of a la carte services.
"Waldorf Astoria Residences St. Petersburg is redefining luxury living by creating bespoke offerings that truly resonate within the local market, elevated by the Waldorf Astoria’s legacy of exceptional service. This landmark sale is a testament to the value a Waldorf Astoria Residences brings to its residents and the destination,” added Jonathan Wingo, Global Head of Residential Programs at Hilton.
For more information on the Waldorf Astoria Residences St. Petersburg, visit their website.
