Local and out-of-town buyers are choosing range of luxury residences – some combining several condominiums into one home
Developers of Altura Bayshore are seeing a rush of buyers reserving luxury high-rise residences as quarantine rules are lifted and the sales gallery in South Tampa formally reopened for appointments. In the last week alone, Altura took four reservations, and a dozen more interested buyers scheduled appointments to preview homes priced $1 million to nearly $3 million.
“People were always interested in the size, amenities and value of Altura, and now after living through weeks of quarantine and limitations on what they could do, buyers are much more actively seeking a new home,” said Anthony Solomon, owner of The Ronto Group that is building Altura. “More than ever, buyers want a home with easy access to what they enjoy, fantastic views and all the benefits of Bayshore right out their front door.”
Solomon said a powerful combination of trends came together in the last few weeks, resulting in the dash for units. Some buyers had always planned to move at some point from a single-family home into a condominium, and now they are asking “Why are we waiting? We need to do this now.” Some buyers in northern states want to move to Florida from congested environments. “And some,” Solomon said, “have spent two months at home looking at the same old kitchen and bedrooms and decided they want something new – maintenance free – that has all the amenities of a resort-style community.” Couple this with low mortgage rates, and buyers have energy and interest, he said.
Altura Bayshore will be a dramatic new 22-story tower overlooking Tampa’s Bayshore Boulevard, with residences ranging from approximately $1 million to $2.9 million for a variety of homes spanning 2,176 to 3,575 square feet — each one reached via a private elevator foyer.
This rush of interest in Tampa parallels Ronto’s experience in other projects near its home base of Naples, FL. Buyers in the last several weeks signed scores of multi-million-dollar contracts in Omega Bonita Bay, Seaglass at Bonita Bay, and others.
The trend at Altura matches national dynamics. Pending home sales are up almost 14 percent above this time last year, and up 44.3 percent in May over April, according to the National Association of Realtors, thanks in part to low interest rates. However, inventory remains relatively low, with the number of homes available for sale down 17 percent.
Perhaps most encouragingly, Solomon said Altura buyers are doing extensive research to make the best choice for their new home. Several buyers of Altura residences in Tampa have traveled to Naples to tour Seaglass, Quattro at Naples Square, Eleven Eleven Central and to preview Omega to see Ronto’s quality of work and sense of style.
Altura is the sole tower along Bayshore with a rooftop fully devoted to an expansive pool, bar and resort lounge. An amenity deck for residents features dog runs, putting green, bocce and pickle ball courts. All Altura floorplans are “through units” that stretch to both sides of the tower, creating homes where residents can see the sunrise and watch the sunsets, each with a private elevator foyer.
A sales gallery with building model, example kitchen and virtual reality tours is open at 2910 W. Barcelona St., Tampa, FL, 33629. Smith & Associates Real Estate is the exclusive broker.
Fast Facts
- 22 stories
- 2910 W. Barcelona St.
- Developer: The Ronto Group
- 73 residences, including six penthouses
- Priced at $1 million to $2.9 million
- Residences at 2,176 to 3,575 square feet
About The Ronto Group
Based in Naples, The Ronto Group has more than 40 years of experience developing award-winning communities in Florida, including numerous luxury condominium towers, master-planned single-family home developments and townhouse projects. Current Ronto projects include Omega Bonita Bay, Seaglass at Bonita Bay, Eleven Eleven Central, Naples Square, Lindsford Ft. Myers, and Orange Blossom Naples. Recent projects include 624 Palm in Sarasota, Paramount at Gulf Harbour, the Shores of Gulf Harbour, TwinEagles, Forest Glen Naples, Key Marco and Hideaway Beach on Marco Island. For more information, see www.ronto.com, www.AlturaBayshore.com.
All artist’s renderings are proposed concepts shown only for marketing purposes and are based upon current development plans, which are subject to change by the developer, MAR Bayshore, LLC, which reserves the right to make changes at its sole discretion, without prior notice or approval of the purchaser. These renderings do not constitute an offer where prior registration or other qualification is required. Prices, availability, plans, features, dimensions, specifications, and amenities are subject to change at any time without notice. All Rights Reserved. Equal Housing Opportunity.