Real Estate Blog

Thanks to the St. Petersburg Times for the link. You’ve got to see this:

ST. PETE BEACH - Pasa Tiempo, a bed and breakfast facing Boca Ciega Bay, will close May 8, and the owner will sell the eight units as condominiums.

Ivone Meltzer said it was time to move away from a business that required tending 24 hours a day, seven days a week. The inn at 7141 Bay St. was turned from an apartment building into a bed and breakfast by the previous owner in the late 1990s.

“We thought about selling the whole thing,” Meltzer said. “It’s more difficult selling as a bed and breakfast.”

Six of the units are one-bedroom, one-bath and face the courtyard. Those will sell for $299,000, fully furnished.

The two units that face the bay will sell for $499,000, Meltzer said. Those also have one bedroom and one bathroom. Kitchens are being installed in all of the units.

Those are some tiny rooms, but they’ll still sell fast for asking price, and they’re not even luxury condos! This market’s hot. Investors and developers should contact me now to find out how they can profit from this hot condo-converting trend. Find out all about my services that are specially tailored to assist builders’ and developers’ needs.

-John Mudd
“Mr. Real Estate”