Element Highrise Condos Tampa Offering Buyer Incentives

July 27th, 2007 categories: New Projects (Condos), Tampa Condos, Tampa MLS

Downtown Tampa’s next highrise condominium project, Element is offering some nice incentives for buyers this summer. Element is currently under construction and is being built just north and east of Skypoint, Tampa’s first high rise condo project from the same developers, Novare and intowngroup.

Element, which will look very similar to the just completed Skypoint, will be 34 stories up, with 395 residences and over 15,000 sqft of retail space. Features of the building will be similar to Skypoint with the “resort-style” pool, outdoor bar and cabanas, clubhouse, fitness center and 24/7 concierge. It will also be high tech with wi-fi throughout and telephone and video over internet.

Pricing starts at about $220k currently for a 1 bedroom unit of about 630sqft (interior) with a 60sqft balcony. The 2 bed units begin at about $450k for 1140sqft interior.

Want the top floor penthouse? The penthouse on the front (west) side of the building, is a 2/2.5 of about 2400sqft and is listed at just over $1.1m dollars, while the larger east side penthouse is listed at $30k less.

Incentives for buyers right now include some nice upgrades such as a stainless steel refrigerator, added hardwood flooring, washer/dryer, paid condo fees, storage space, 42” plasma TV, etc. Buyers can get $5k worth of upgrades on a 1 bed unit and $10k on the 2 bed units.

Next door at Skypoint, buyers have begun closing on the lower floors and the first high rise residents of downtown Tampa are beginning to move in. There are a few resales popping up but not many as of yet. There are 13 of them on the market currently, with a 12th floor, 1 bed listed at $234k and change at the bottom of the price spectrum. The 2 bed resales begin at $370k for a 10th floor unit. The upper floor buyers have not yet closed on their units, and many would-be buyers are most likely waiting to see what will be available once these closings begin.

Browse Condos For Sale at Skypoint

Browse Condos For Sale at Element (pre-construction sales)

Data used is from the Mid-Florida Regional MLS

Element is marketed by Smith & Associates with cooperation from other brokers/agents.

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This entry was posted on Friday, July 27th, 2007 at 7:13 am and is filed under New Projects (Condos), Tampa Condos, Tampa MLS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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