In the past three years, more than 170 communities in Pinellas and Hillsborough counties have changed hands as investors seek to capitalize on the growing demand for rentals. Here are the 10 most expensive transactions since summer 2017. Pinellas had the most expensive transaction and the two highest sale prices per square foot.
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1. CAMDEN PIER DISTRICT
Where: downtown St. Petersburg
Units: 358
Price: $126.3 million
Price per unit: $352,793
Year built: 2016
Sold: January 2018
![Reserve at Brandon apartments.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 2016 1512"/%3E "Reserve at Brandon apartments.")
2. RESERVE AT BRANDON
Where: Brandon
Units: 982
Price: $123 million
Price per unit: $125,254
Year built: 1991
Sold: January 2019
3. THE ELEMENT
Where: downtown Tampa
Units: 395
Price: $112.4 million
Price per unit: $284,556
Year built: 2009
Sold: October 2017
![The 348 unit Hermitage apartment building in downtown St. Petersburg.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 5760 3840"/%3E "The 348 unit Hermitage apartment building in downtown St. Petersburg.")
4. HERMITAGE
Where: downtown St. Petersburg
Units: 348
Price: $107.6 million
Price per unit: $309,267
Year built: 2017
Sold: January 2019
5. PERIDOT PALMS
Where: St. Petersburg Gandy Bridge area
Units: 381
Price: $98.25 million
Price per unit: $257,874
Year built: 2016
Sold: February 2019
![The Cove on S. Westshore Boulevard in Tampa.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 974 595"/%3E "The Cove on S. Westshore Boulevard in Tampa.")
6. THE COVE
Where: Tampa
Units: 689
Price: $96.5 million
Price per unit: $140,058
Year built: 1979
Sold: May 2018
7. LANTOWER BRANDON CROSSROADS
Where: Brandon
Units: 450
Price: $94 million
Price per unit: $208,888
Year built: 2015
Sold: December 2017
![The 320- unit Skyhouse Channelside apartment tower near downtown Tampa.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 4000 2670"/%3E "The 320- unit Skyhouse Channelside apartment tower near downtown Tampa.")
8. SKYHOUSE CHANNELSIDE
Where: Tampa
Units: 320
Price: $90 million
Price per unit: $281,250
Year built: 2015
Sold: November 2018
![Avana Westchase apartments in Tampa.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 977 581"/%3E "Avana Westchase apartments in Tampa.")
9. AVANA WESTCHASE
Where: Tampa
Units: 400
Price: $82 million
Price per unit: $205,000
Year built: 2001
Sold: June 2018
![Fusion 1560, a 325-unit apartment community in St. Petersburg's Edge District. [SUSAN TAYLOR MARTIN | Times]](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 640 480"/%3E "Fusion 1560, a 325-unit apartment community in St. Petersburg's Edge District. [SUSAN TAYLOR MARTIN | Times]")
10. FUSION 1560
Where: St. Petersburg
Units: 325
Price: $81.1 million
Price per unit: $249,538
Year built: 2011
Sold: July 2018
Source: Franklin Street
![Susan Taylor Martin - Tampa Bay Times Correspondent](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50 50"/%3E "Susan Taylor Martin - Tampa Bay Times Correspondent")