A downtown St. Pete apartment complex has traded hands in a nine-figure deal.
Beacon 430, a four-story, 327-unit luxury apartment community at 430 3rd Avenue South, sold for $131 million, or just over $400,000 per unit, according to a deed recorded Wednesday with the Pinellas County Clerk’s office.
The buyer, Ram Realty Advisors, also secured an $88 million mortgage through Wells Fargo.
The sale places Beacon 430 among the priciest multifamily trades in downtown St. Pete on a per-unit basis. Only Camden Central, formerly Icon Central, has sold for more per unit, trading for $406,667 per unit in 2021.
More recently, Windsor Central Arts, formerly The Hermitage, sold for $104.46 million, or $300,172 per unit, in 2025, while 930 Central Flats sold for $81 million, or $371,560 per unit, in 2024.
According to CoStar data, Beacon 430’s average unit spans 883 square feet, with average rents of $2,237 per month and current occupancy at 93.6%.
Constructed in 2014, Beacon 430 offers studio apartments as well as one, two and three-bedroom apartments with amenities like a heated saltwater swimming pool with private cabanas, yoga studio, fitness center, a dog park, two courtyards, a library, and a conference room.