19 Acre Island Bringing New Condos To Tierra Verde

Sunset Pointe at Collany Key, a new condo community planned for Tierra Verde that was put on hold a few years ago, is back on track. 120 condos will be priced between $900,000 and $1.3 million. Collany Key is a 19-acre island next to Shell Key Preserve that is connected to Tierra Verde by a bridge. The units will feature 3 bedrooms, 3.5 baths, all with water views and garage. Click here for details on units available for sale: Collany Key Listings

Tierra Verde Beach In TripAdvisor Top Ten

usa today beachTripAdvisor’s 2013 Travelers’ Choice Beaches Awards, announced on February 20th included Fort De Soto Park in Tierra Verde, which ranked at number 4 in the entire US.  Ft De Soto is popular not only for beautiful beaches and crystal clear turquoise water, but also for its dog beach and campground. Pass a Grille and Clearwater Beach also made the top 25. In January, Clearwater Beach was named number 1 Florida beach town by readers, receiving more than 25% of the votes. White sugar sand beaches, tropical breezes, and entertainment… what’s not to love? Pinellas County had a strong tourism year in 2012 and things are looking good for 2013 as well.

Tierra Verde Resort & Marina Purchased By Investors

Tierra Verde Resort and MarinaAn investment group has purchased the Tierra Verde Resort. The 50-year-old property features boat slips, a restaurant, and the former Tierra Verde Yacht & Tennis Resort timeshare and hotel buildings. The marina portion features 114 wet slips and 151 high-and-dry slips. The new marina business model will focus exclusively on rentals. The group rebranded the facility as the Tierra Verde Marina Resort. The investors plan to demolish the existing structures, except for the high-and-dry building. It then plans to develop a second 151-slip high-and-dry building and a 10,000-square-foot restaurant building. The investor group already owns four marinas on the Gulf Coast and hopes to acquire several more in the region in the near future.

See All Tierra Verde Properties For Sale

Tierra Verde Annexation Approved

St. Petersburg City Council voted Friday to annex 18 acres in Tierra Verde, allowing a former resort and marina to be torn down and replaced by a high-rise condo complex.

Many residents from Tierra Verde showed up to protest, saying the high-rises would ruin the gateway to their community, blocking views and causing traffic problems.

Owners of the former Tierra Verde Resort Marina want to redevelop the property, although no plans have been submitted. Under agreements with the city, nothing taller than 8 stories would be built as long as the annexation isn’t challenged in court. If challenged, the height could increase to 15 stories because St. Petersburg ordinances could be applied. The legal limit under St. Pete law is about 15 stories, which is triple the height of Tierra Verde’s 50-foot limit.

Critics have said St. Petersburg’s Mayor and other city leaders want the tax revenue the development of the annexed land would generate – up to $1 million annually. Baker on Friday defended the annexation, saying the increased revenue would help spread the tax burden among the residents of St. Pete.Baker also said he thinks the annexation is legally sound and will withstand any challenge in court.

An attorney for one of the potential developers, said property owners such as his client have the right by law to ask to be annexed.

Tierra Verde is an unincorporated area of Pinellas County and home to about 4,500 people and several businesses. The annexed land is on the north tip of the island, just south of a bridge to the Pinellas Bayway, and it includes, in addition to the now-vacant resort, a strip shopping center of small businesses and two boat-storage facilities.