The Cloisters of Beach Drive · Penthouse 2A · St. Petersburg, Florida
A Full-Floor Penthouse
on Beach Drive
5,100 sq ft · Four parking spaces · $882/SF
First Year HOA Paid in Full at Closing — $82,697 seller credit. Move in. Year one is covered.
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There are no meaningful comparables — not because the market lacks luxury, but because a property like this almost never becomes available. Occupying the entire 14th floor of The Cloisters, it commands 5,100 square feet of sunrise-to-sunset views. The elevator opens into a private foyer — key fob access, your floor, no shared hallway, no neighboring unit. Seven private balconies: Tampa Bay and the Vinoy Basin to the east, the city skyline and sunset to the west. Designed by Randy Wedding, the architect behind the Vinoy Renaissance restoration. This unit has changed hands once in twenty-five years.
Pull off Beach Drive, through the gate, no levels to climb, no structure to navigate — parked in seconds. Four assigned covered ground-level spaces, all yours. In downtown St. Petersburg, that alone is worth remarking on.
From your car to the penthouse in about a minute. The elevator opens directly into your private foyer — your floor, accessible only by key fob, to no one but you.
Two assigned storage cages on the same garage level. EV charging infrastructure approved and in process.
Thirty-two residences. A staffed building where the staff knows your name and the hallways are genuinely quiet. This is what boutique actually means — not a marketing word, but a building small enough that privacy is structural.
A small, consistent community of owners. You recognize your neighbors. No anonymous tower feeling, no crowded common areas.
Concierge on-site Monday through Friday. Camera monitoring provides security outside staffed hours. The staff knows owners by name — true lock-and-leave living.
Twenty-five years of stable ownership. The kind of building where people arrive and stay — which tells you everything you need to know.
The Cloisters has a dedicated backup generator — keeping the elevator operational and refrigerators powered during outages. Most downtown towers, including the newest luxury buildings in St. Pete, do not have this. When a storm is offshore, the building is ready.
Includes water, sewer, natural gas, trash, recycling, cable, 100 Mbps internet, building master insurance, exterior maintenance, and all amenities.
Current Pinellas County gross assessment — approximately $2,251/month. Florida levies zero state income tax. Note: Florida's homestead exemption and Save Our Homes cap do not transfer to a new owner. The assessed value will reset to market value upon sale, which will likely result in a higher annual tax bill for the buyer. Buyers should consult a tax advisor for an estimate.
At current assessment: $109,699/year combined before mortgage. Note: property tax will reset to market value at sale — the buyer's actual annual cost will be higher. Consult a tax advisor for a post-sale estimate.
Outside the FEMA Special Flood Hazard Area. No lender-required flood insurance on this unit. The building master policy covers the structure. This is a meaningful distinction in coastal Florida — verify the flood zone designation of any property you are comparing.
Florida levies no state income tax. For a high earner paying 5–13% elsewhere, relocating here can represent $100,000+ in annual savings — often offsetting the HOA entirely.
The seller is offering a full first-year HOA credit of $82,697 at closing. Twelve months of association fees, covered in full. Move in, settle in — the first year is on us. This is a seller concession, paid as a credit at closing, and should be confirmed with your agent and attorney prior to contract.
Every document is available below — no request form, no sign-in required.
View All Association DocumentsPending Special Assessment: An updated reserve study (Karins Engineering) is expected late June 2026. A special assessment may be required — amount TBD. Documented in the February 2026 board minutes, included in the document folder.
Phase 1 Structural Inspection completed June 2024 (Karins Engineering). Foundation fair to good, overall structure good, bearing walls good. No significant structural concerns identified.
Structural Integrity Reserve Study (Oct 2024) concluded: "the structural integrity of the building, in general, is in good condition." Continuation of existing maintenance program recommended.
$30.77M insured property value, $15M umbrella, zero prior NFIP flood claims. $823,420 in reserves as of April 2026, operating within 1% of budget. 2024 audit accepted with no qualifications.
Tower roof replaced 2024. Plumbing stack cleaned 2026. New fire panel installation in progress. Heat exchanger replacement underway — all reserve-funded.
No pending litigation exceeding $100,000. No association approval required to purchase. Professionally managed by KB Management Services Group, LCAM.
There is one Beach Drive in St. Petersburg. It runs along the waterfront, through Straub Park, past the Museum of Fine Arts, and ends at the Pier. This building is on it. The Publix is a 10-minute walk. Birch & Vine is a 1-minute walk. Tampa International Airport is 25 minutes by car. The Gulf beaches are 20 minutes.
288 Beach Dr NE sits directly on the waterfront promenade of Beach Drive — the most prestigious address in downtown St. Petersburg, at the intersection of Beach Drive and 2nd Ave NE.
If you are working with a broker, have them reach out directly. If you are not, call or write now.
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