Pink and green: A record condo sale at the St. George

April 30, 2010
By

A down real estate market didn’t stop a record sale at the St. George’s Condominium building recently, and one Beach realtor said the market on Revere Beach is holding its own.

Century 21 Revere realtor Michael Benevento reported that he recently sold a condo in the St. George for a record $500,000 – the highest anyone has ever paid in the building for a unit. The buyer is a man from Boston and he chose a seventh-floor unit with an ocean view.

“The units in this building are holding value very well in this tight market,” he said. “Others might be down 20 percent, but not here. What makes this so unique is that in this down market we’re able to attract buyers that are willing to come in here and spend money to be on the Beach…There is still a lot of interest in Revere Beach and we get a lot of calls and they are wanting to buy here despite the down economy.”

Interestingly enough, Benevento said right now he has more demand than he has inventory. In other words, lots of people want to buy, but not many people are selling.

“There’s no inventory,” he said. “I’ve got two buyers looking to purchase one bedroom dens on the Beach and I just don’t have the inventory. Sellers are of the opinion that they want the price they want and if they don’t get it, they won’t sell.”

Benevento said that – despite popular belief about the effectiveness of the Internet – his most recent record sale came through an advertisement in the Revere Journal.

The Boston man who purchased the unit had come to Revere to scout properties for sale on the Beach and decided to pick up the local paper.

“He picked up the Revere Journal and there was an ad in there for this unit and he called me,” said Benevento. “People say Internet ads are the way to go now, but I’m a firm believer in print advertising. People are a little older and not on the Internet as much, but these are the people with the disposable income nowadays. Those are the people more likely to pick up a newspaper.”

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I’ve lived here, I’ve watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don’t be mislead into believing that this is the general trend.

  • Dave

    Is this supposed to be an informative article, or just an advertisement for the Revere Journal? Or maybe just an attempt at justifying the high property taxes levied on beachfront condo owners? Contrary to what this says, prices are _not_ going up. In the two years I've lived here, I've watched prices in the St. George and the neighboring Atlantica building continually plummet. I bought a unit at an auction in 2008 for $110k less than what the developer originally wanted, and it was recently assessed for $55k below that! There may be an occasional high-priced like the one cited in this article, but please don't be mislead into believing that this is the general trend.

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • KKLEINE1

    THE ST GEORGE IS ONE OF THE OLDEST BUILDINGS ON THE BEACH I THINK ITS OVER RATED LOTS OF PROBLEMS IN THE BUILDING LOTS OF LEAKS.. AND OTHER PROBLEMS HIGH CONDO FEES EVERY MONTH…NOT A PLACE FOR ANY CHILDREN A LOT OF SENIORS..NOYHING GOOD ABOUT REVERE BUT THE BEACH EVERY THING ELSE IN REVERE SUCKS… TELL ME WHATS GOOD THERE BUT THE BEACH … REALASTATE PEOPLE WILL LIE FOR A SALE…… SO TRUE…. GOOD LUCK TO WHO SPENT ALL THAT MONEY….. SHOULD OF WENT TO BOSTON NORTH END…..

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    You’d pay about 3 times as much for the same size place in North End and there’s no beach… For a person who’s just looking for a beachside place that’s relatively close to Boston, places like the St. George are a fairly nice bargain (although I’m not sure $500k was a bargain).

    BTW, maybe you “should of went” to English class a little bit more frequently back in the day.

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