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$10 million St. Pete penthouse for sale

The Saltaire penthouse design was inspired by views from a Dubai tower.

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  • | 3:00 p.m. February 20, 2024
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The penthouse view from atop the Saltaire of St. Pete, a penthouse whose owner is asking $10 million.
The penthouse view from atop the Saltaire of St. Pete, a penthouse whose owner is asking $10 million.
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In Dubai, standing atop the tallest tower in the world, owner Paul Pagnato had a vision for a Florida home with such a view and feeling.

He found that vibe in a St. Petersburg penthouse atop the Saltaire, a 35-story condo tower at 300 S. First Ave. Pagnato, a Texas resident, bought the unit for $7.7 million. He is now asking $10 million, according to Premier Sotheby's International Realty.

The condominium tower was recently completed in the downtown area. The Saltaire is otherwise sold out.

Pagnato, a Florida Atlantic University graduate and co-founder and executive chairman of Humanaut Health of Texas, was inspired by the Burj Khalifa's views in Dubai. Pagnato wanted to own "the most spectacular views in South Florida," says a news release from Premier Sotheby's.

Pagnato searched for a year and concluded that St. Pete would be the destination due to its "astonishing health, community and abundance of technology and innovation," the realty company says.

The space was designed by Oliver Shaw, a St. Pete interior architecture firm. A sum of $180,000 was spent on the furnishings, the firm says.

"Given the natural beauty surrounding the area, our approach needed to be subtle yet impactful," Oliver Shaw says in the release. "Our firm prides itself on luxurious materiality and meticulous craftsmanship. Each element, from hand-cut shells to hand-twisted ropes and hand-loomed wool, is crafted to complement the breathtaking views and emanate understated elegance."

The penthouse has a panoramic view of both the water and the city through floor-to-ceiling walls of glass. The residence includes four bedrooms, 5.5 bathrooms, a family room and a game room and office, for a total of 5,985 square feet of interior living space.

The kitchen is equipped with Sub-Zero and Wolf appliances and has Nolte premium European cabinetry and a Calacatta Gold Macchiato Vecchia marble island countertop, the realty firm says. The primary suite, with waterfront views, offers two large walk-in closets and a designed bathroom.

Residents will have Saltaire's amenities, including 24-hour concierge, resort-style pool and spa, a fitness center and a club room.

"You're not just acquiring property," says Robyn Gunn, exclusive agent for the property, of Premier Sotheby's St. Pete office. "You're securing a vantage point that offers an unparalleled perspective on the city."

Correction: This story was updated to reflect the correct financial identification of the seller and the correct spelling of the broker's name.


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