Snell Isle apartment sells for $32 million

ST. PETERSBURG — Cleveland-based property management firm Burton Carol Management purchased the 272-unit Snell Isle Luxury Waterfront Apartment Homes for $32 million.

The price equals $117,647 per unit. That figure is more than the current average price per unit ($70,803) in the Tampa Bay area, according to the CoStar Group.

The 236,316-square-foot property features nine buildings spread across 9.3 acres. Amenities include a health and fitness center, a business center, two swimming pools, a putting green, a sand volleyball court, walking paths and three fishing docks. It is located at 1515 Eden Isle Blvd. N.E., in St. Petersburg.