A downtown St. Pete apartment complex has traded hands in a nine-figure deal.<\/p>\n
Beacon 430<\/a>, 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\u2019s office. <\/p>\n The buyer, Ram Realty Advisors<\/a>, also secured an $88 million mortgage through Wells Fargo.<\/p>\n 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<\/a>.<\/p>\n More recently, Windsor Central Arts, formerly The Hermitage, sold for $104.46 million<\/a>, or $300,172 per unit, in 2025, while 930 Central Flats sold for $81 million<\/a>, or $371,560 per unit, in 2024.<\/p>\n According to CoStar data, Beacon 430\u2019s average unit spans 883 square feet, with average rents of $2,237 per month and current occupancy at 93.6%.<\/p>\n 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. <\/p>\n","protected":false},"excerpt":{"rendered":"A downtown St. Pete apartment complex has traded hands in a nine-figure deal. Beacon 430, a four-story, 327-unit…\n","protected":false},"author":2,"featured_media":197873,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-197872","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/197872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=197872"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/197872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/197873"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=197872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=197872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=197872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}