Freedom Boat Club; Dupont Belair Estate • St Pete Catalyst

Weekly roundup of local real estate deals.

Acquisition of the Freedom Boat Club

The Venice-based Freedom Boat Club announced earlier this week that it had acquired the Freedom Boat concession operation in Tampa Bay, the largest area of ​​the Freedom Network, according to a press release.

This acquisition includes all 30 existing sites located in Tampa Bay and the rights to expand and build new club sites throughout the territory. The acquisition will also establish two contiguous corporate-owned properties with more than 50 locations stretching from Crystal River to Marco Island, according to the statement.

This week, several Pinellas County properties were acquired through the acquisition.

Under the entity Freedom Marine Sales LLC, the LLC purchased several properties in Tarpon Springs that were previously owned by Glenn Bergoffen, the former owner of the Freedom Boat Club in Tampa Bay.

Real estate includes vacant land on Island Avenue, an open storage facility at 1444 Rainville Road, and the Freedom Boat Club Tarpon Springs site at 1844 N. Pinellas Ave. The combined transactions bring the total purchase to $6.1 million.

Publisher of St. Pete Real Estate Belleair

The co-founder of a publishing company in St Pete sold his house to a famous race car driver.

Tom duPont of duPont Publishing, which operates as a duPont registry servicing the luxury car market, and his wife, Ruth, sold the Belleair estate in a $5.3 million deal.

The 5,296-square-foot home at 430 St. Andrews Dr. was sold to Nigel Mansell and his wife, Roseanne. Mansell is a famous racing driver who won the Formula 1 World Championship and the CART Indy Car World Series Championship, according to his biography.

The property is at 430 Saint Andrews Dr. Google Earth.

The five-bedroom, four-and-a-half-bathroom home was built in 1989.

The listing doesn’t include many details, but states that the waterfront property has a pool and pier with two lifts located in a sheltered cove off the Intracoastal Waterway.

The property was last sold in 1987 for $379,900. It was listed in February with an asking price of $5.4 million.

Martha Thorne of Coldwell Banker Realty represented sellers and buyers in the estate transaction.

Thorn has not made any comments regarding the sale and the sellers’ reason for listing the home. However, the DuPont publishing company I co-founded was acquired last year by Motorsport Network.

Company dredging local nursing facilities for $60 million

Propco LLC, an entity associated with the New Jersey-based Portopiccolo Group, has purchased several large nursing home facilities in the county.

The properties purchased are owned by Scheiner Holdings LLC and are located in Pinellas Park, The Gateway, Harborwood and Laurellwood.

Propco LLC purchased the Pinellas Park, The Gateway, and Harborwood properties for $18 million, respectively, for a total of $54 million. Laurellwood was purchased for $9 million.

Exact property information was not available, except for the LaurellWood Care Center property at 3127 57th Ave. N. in St. Petersburg.

The center provides 24-hour sub-acute medical care, rehabilitation services and skilled nursing care.

Representatives for The Portopiccolo Group were not available for comment. The company is a family owned investment management company that typically purchases real estate belonging to Propco LLC.

Under this entity, the group had previously acquired Jacaranda Manor nursing home at 4250 66th St.N. in Saint Petersburg.

Buy Hotel Magnuson

Pennsylvania-based Willner Realty and Development, under the entity WRD LLC, has purchased the 18-acre waterfront resort at 6800 Sunshine Skyway Lane S.

Magnuson Marina Cove Hotel. Photo: Facebook

St. Pete properties purchased include the actual resort, a private 32-boat slide mooring behind the property, tennis/shuffleboard courts, and the vacant triangular property on the corner of Sunshine Skyway Lane S. and Pinellas Point Drive S.

The 144-room Magnuson closed in 2020 after mass layoffs of 55 employees; However, a May 6 post on his Facebook account indicates that the hotel is open, but the Nepa Hut bar remains closed.

The hotel offers a small private beach, two swimming pools, and two on-site restaurants: Periscopes and Banyan Tree Deli.

Selling real estate for $10.7 million

An under-construction Redington Beach property sold for $10.7 million in an all-cash deal.

Thomas K. Brown has sold the 8,500-square-foot property that is being built at 5802 Gulf Blvd. To the Lisa Ann Gomes Trustee and the Entities Wood Family Property Trust.

The property is under construction at 5802 Gulf Blvd. Redington Beach. Courtesy of Jennifer Zales/Coldwell Banker Realty.

Jennifer Zales, a residential real estate agent for Coldwell Banker, represented the buyer in the transaction. The seller was represented by Michelle Fitz Randolph, who is also with Coldwell Banker.

Brown paid $1.75 million for the waterfront property in 2016.

Fechtel in Tampa is building the two-story home that will have six bedrooms and seven and a half bathrooms.

Although it is still under construction, the listing states that the home will have an elevator, wood closets, stone counters, a wet bar, and an outdoor pool.

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