A father-daughter development team just raked in eight figures with the sale of their second speculative mansion on Indian Rocks Beach.
Developers Peter Donnantuoni and Danielle Donnantuoni got $10.5 million for their five-bedroom, 5,800-square-foot estate at 34 Gulf Boulevard, the Tampa Bay Business Journal reported. That’s about $1,800 per square foot.
Coldwell Banker Realty’s Jennifer Zales and her daughter Lexie Zales represented the Donnantuonis. Richard Grant and Greg Schreiber of the Grant Homes Group of Keller Williams Clearwater represented the buyers, whose identities have not been publicly revealed.
The Donnantuonis sold their similarly sized spec mansion on the adjacent lot, at 32 Gulf Boulevard, for $10 million in June. It hit the market just one month prior.
Both sales stand among the priciest single-family home transactions on record in Pinellas County.
The beachfront homes are in an area known as The Narrows, which spans from the Intracoastal Waterway to the Gulf of Mexico. Indian Rocks Beach is roughly a 35 minutes drive west of Tampa Bay.
“The Intracoastal Waterway is on the right-hand side of Gulf Boulevard, and a handful of homes sit on the left side on the beach,” Peter Donnantuoni previously told the outlet. “This doesn’t exist anywhere in Pinellas other than The Narrows area.”
The residence at 34 Gulf Boulevard features a gated, private dock with a 20,000-pound boat lift, a garage with space for six cars, a three-stop elevator and six bathrooms.
Buyers with deep pockets “continue to seek new construction homes built to the newest codes with elevated living,” Jennifer Zales told the outlet.
Peter Donnantuoni previously served as COO of Kolter Communities until his retirement in 2008 and began developing custom homes with his daughter shortly after. As of last summer, the father-daughter duo had built 16 homes.
—Quinn Donoghue
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