St. Pete's Glass House condo sells for $2.55 million

The penthouse spans the 34th through 36 floors of Signature Place.
Published April 9

ST. PETERSBURG — The founder of a cosmetics line sold on HSN is the new owner of the Glass House, arguably Tampa Bay's most striking condo.

Dimitri Bakakos, also known as Dimitri James, paid $2.55 million this month for the fully furnished, tri-level penthouse at Signature Place in downtown St. Petersburg, listing agent Becky McConnell said Tuesday. That is a record price for a condo in the building, which was completed during the housing crash and subsequently plagued with costly design and construction defects.

"Everything has been fixed now, and it's a popular building,'' McConnell said.

The Glass House, spanning the 34th through 36th floors of Signature Place, got its name after a massive renovation several years ago that eliminated all but one wall on the unit's first floor to maximize the space and the floor-to-ceiling views of the city and the bay. The current owner paid $1.835 million for it four years ago and originally listed it for $3.5 million.

Bakakos founded Skinn Cosmetics, a line of makeup and skincare products featured on St. Petersburg-based HSN, now a subsidiary of QVC. "Genuine beauty begins with skin,'' Bakakos says in a snappy video touting his products.

Bakakos is no stranger to eye-catching home design. According to a 2016 article in Palm Springs Style, a magazine focused on that California desert town, he and interior designer Pjetur Sigurdson shared a midcentury house with a yellow and blue color palette throughout. Unusual touches included hand carved teak chairs in the shape of hands; a garage papered in the same Martinique Wallpaper as in the fabled Beverly Hills Hotel; and vintage finds collected from all over the world. The ceiling of one room was covered in paper blooms used in the couple's wedding.

With the sale of the Glass House, only two condos priced at more than $2 million are currently on the market in downtown St. Petersburg. Mindy Grossman, the former HSN chief who now heads WW International, listed her Beach Drive condo last fall for $3.95 million but withdrew it in January after it failed to sell for the reduced price of $3.65 million.

Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Follow @susanskate.