Record-Breaking $11.6 Million Condo Sale Elevates Prestige of Ritz-Carlton Residences in Tampa

Record-Breaking $11.6 Million Condo Sale Elevates Prestige of Ritz-Carlton Residences in Tampa

A notable transaction has recently taken place at the Ritz-Carlton Residences in Tampa, marking a significant milestone in the local real estate market. According to official records filed with the Hillsborough County Clerk of Court, a condominium within the prestigious complex was sold for a staggering $11.6 million on Monday.

This sale stands out as the highest recorded condo transaction in the Tampa Bay area, surpassing the previous record set by Jeff Vinik, owner of the Tampa Bay Lightning. Vinik acquired a unit at the Tampa edition of the Ritz-Carlton for $8.34 million in February.

The penthouse, subject to much anticipation, had been announced as under contract for $11.6 million by the developer, Related Group, prior to the sale’s confirmation.

The buyer of this remarkable property is listed as Oinkerton Investments LLC, a company based in Kentucky. Interestingly, Oinkerton Investments LLC also holds ownership of a condominium in the Aquatica on Bayshore, as indicated by Hillsborough County property records.

Situated within the sold-out Ritz-Carlton Residences Tower I, the property boasts 28 stories and comprises 89 condos along with 12 townhomes. Residents benefit from an array of amenities including a swimming pool, spa facilities, a well-equipped gym with a pilates studio, tennis courts, a media room equipped with a golf simulator, a wine room, a children’s playroom, an onsite café, and round-the-clock valet and concierge services.

While Tower I stands as a testament to luxury living, construction continues on Tower II, which commenced in November. With such remarkable transactions and ongoing development, the Ritz-Carlton Residences in Tampa remains a focal point of interest in the local real estate landscape.