St. Pete’s first ‘car condo’ development nearly sold out

The Motocave development, St. Petersburg’s inaugural "car condo community," is nearly sold out, with only seven of the 43 units still available. Set on 3. 75 acres at the northeast corner of I-275 and Gandy Boulevard, this unique residential project is attracting significant attention from car enthusiasts. Each unit provides secure storage for vehicles while promoting a sense of community among owners.

The rapid sales activity indicates a strong demand for such specialized living arrangements, particularly in the context of luxury vehicle ownership. This innovative concept not only meets the practical needs of car collectors but also enhances the local real estate market. The development is expected to create a vibrant atmosphere for sharing car-related experiences. As the trend of car condominiums expands, it could pave the way for similar projects in other regions. The success of Motocave is a testament to the evolving nature of residential living spaces in urban areas.