Thursday, January 18, 2018
Business

Frank Sinatra's former Tierra Verde getaway sold for $22.5 million

A Charleston, S.C.-based company has bought the Tierra Verde Marina Resort in south Pinellas County for $22.5 million.

The resort, once a '60s-era getaway for Frank Sinatra, Liberace and other celebrities, fell into disrepair and sat vacant for years but has been redeveloped with a new pool, tiki bar, restaurant and marina with 400 dry slips and 115 wet slips. More boat slips and a boutique hotel are planned.

The buyer, Atlantic Marina Holdings, also owns marinas in Fort Lauderdale and Palm Beach Gardens.

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