The wave condo complex 3315 58th Aven...
1 year plus

Saint Petersburg, FL

#130 May 24, 2011
I've been at The Wave for over a year and have been pretty happy compared to all the other places where I have rented. Yes most of the hallways are disgustingly dirty and almost always smell like marijuana, but compared to other places I have rented The Wave is great. Yes it is common to be able to hear neighbors conversations from the hallways, but it seems like there aren't many people around or living there so it's never been a problem. The HOA won't allow satellite dishes unless it is on your own balcony... but since the satellite has to be facing the southern sky you can't have one unless you live on the south side of the building (even though the balconies aren't supposed to be used anyway.) So if you are locked into a satellite contract don't move in here!! Even the shady apartments next door allow satellites on the roof and ground.
Comments of a Wave victum

Palm Harbor, FL

#131 Jul 28, 2011
The place is so filty as to be an embarrasment.
The management association (PBM) only milks this
place dry at 19 dollars/unit/month while other companyies charge 16 in Florida.
The manager of PBM (Wnewton@pbm.com) just shouts and hangs up if you're not kicking him back or say
something he doesn't like.
It's like living with Hitler.
Speaking of which, the board president is responsible for signing off with the tow company if someone occupies your space.
He's too fat to get out of his door!
Thanks, Col. Sanders.
The carpets are filty as the "cleaning" company uses a dry powder mixed with a little water and does not extract the filth, therefore the dirt reappears as soon as he leaves.
STAY AWAY!!!
Comments of a Wave victum

Palm Harbor, FL

#132 Jul 28, 2011
Matthew is so right on.
The board needs fresh blood not the embalming fluids of an undertaker, Happy with your head up your bxtt!
Comments of a Wave victim

Palm Harbor, FL

#133 Jul 29, 2011
It just grows and grows.
The crap around this building grows so tight
as to squeeze the life out of everyone.
One fart and the news gets down the hall
that you've had a colonoscopy.
Anyone trying to improve something is blocked
as being a know it all newcomer.
The board is full of obstructionists
New owner

Saint Albans, WV

#134 Jul 29, 2011
7 months and counting. I'm still happy withy decision to buy. I'm also glad visited and asked around instead of gettingy info from Topix.
Joe H

Waterford, MI

#135 Aug 25, 2011
Hope this doesn't double post.
Am very interested in "The Wave" and am currently trying to gather 'current' information regarding existing units for sale at "The Wave" along with any other material information that should be considered if one were interested in buying, including (but not limited to) the following:

Desirability of 1st floor versus 6th floor units and in between.

End units versus non-end units.

Pending or planned legal issues, whether it be initiated by owners, renters, visitors, management, contractors, etc.?

Contact information for Board Members and Management?

Percentage of owners who live there full time versus renters?

Is there any bylaws or restrictions in place that would prevent an owner from improving his/her own unit ( i.e. fixing ones own balcony, soundproof the walls. etc.)?

Current HOA fees for 1 bedroom and 2 bedroom units? Are they the same for all 1 bedroom owners and the same for all 2 bedroom owners? If not, please explain.

Is there an active owners group formed which is trying to turn things around and contact information available for them?

Thanks for your consideration and any help you can provide.

I can be emailed at: support @ angelgeeks.com (please remove spaces in above email address which were deliberately inserted in order to avoid spambots which search websites and harvest email addresses for use in sending unsolicited email (e.g. spam)).

If I were to become an owner, I know I'd want to be an active one and do what I could to improve things even if there are those who would like to keep the status quo. Like the saying goes..."you have to break a few eggs to make an omelette".

I might even be willing to put up a website link with pictures should people be willing to send them to me.

BTW - I found a website which lists the crimes in the area. It is: http://gis.pinellascounty.org/crimeviewer/

While perusing the 'crimeviewer' at the link above, I noticed that their is nothing listed in the immediate vicinity of "The Wave" from 7/25/11 thru 08/25/11 although there appears to be a high incidence of GTA or Grand Theft Auto in the GENERAL Area.
Julia Paulsen

Tampa, FL

#136 Aug 25, 2011
Joe H wrote:
Hope this doesn't double post.
Am very interested in "The Wave" and am currently trying to gather 'current' information regarding existing units for sale at "The Wave" along with any other material information that should be considered if one were interested in buying, including (but not limited to) the following:
Desirability of 1st floor versus 6th floor units and in between.
End units versus non-end units.
Pending or planned legal issues, whether it be initiated by owners, renters, visitors, management, contractors, etc.?
Contact information for Board Members and Management?
Percentage of owners who live there full time versus renters?
Is there any bylaws or restrictions in place that would prevent an owner from improving his/her own unit ( i.e. fixing ones own balcony, soundproof the walls. etc.)?
Current HOA fees for 1 bedroom and 2 bedroom units? Are they the same for all 1 bedroom owners and the same for all 2 bedroom owners? If not, please explain.
Is there an active owners group formed which is trying to turn things around and contact information available for them?
Thanks for your consideration and any help you can provide.
I can be emailed at: support @ angelgeeks.com (please remove spaces in above email address which were deliberately inserted in order to avoid spambots which search websites and harvest email addresses for use in sending unsolicited email (e.g. spam)).
If I were to become an owner, I know I'd want to be an active one and do what I could to improve things even if there are those who would like to keep the status quo. Like the saying goes..."you have to break a few eggs to make an omelette".
I might even be willing to put up a website link with pictures should people be willing to send them to me.
BTW - I found a website which lists the crimes in the area. It is: http://gis.pinellascounty.org/crimeviewer/
While perusing the 'crimeviewer' at the link above, I noticed that their is nothing listed in the immediate vicinity of "The Wave" from 7/25/11 thru 08/25/11 although there appears to be a high incidence of GTA or Grand Theft Auto in the GENERAL Area.
Great questions and I don't have all the answers but I will do some research and try to get them for you.
Joe H

Waterford, MI

#137 Aug 27, 2011
Julia Paulsen wrote:
<quoted text>Great questions and I don't have all the answers but I will do some research and try to get them for you.
Thanks! Hope it won't put you out too much!
Tom

Tampa, FL

#138 Nov 6, 2011
Jim wrote:
I am considering buying a condo in the wave. Can anyone tell me what the HOA fees are? Do I need a car when living there, or is there public transportation? It looks like it is close to Eckhard College and a nearby park on the bay. Are they nice/walkable?
One bus route goes down 31st Street South which is the main street near this complex. It's the route 11, but it doesn't run very late. The route 19,(going up and down U.S. Hwy 19 runs really late) see < PSTA.net > for more info. on the public transportation.
Happpy at the Wave

Saint Petersburg, FL

#139 Nov 6, 2011
I hope you like dogs because they bark 24 hrs. a day here, nonstop, early in the morning, late at night, pretty much 24 hrs. a day, yap, yap, yap.
It's like Chinese water torture. I don't know if their owners are all deaf, but they sure are inconsiderate.

Not so happy today
Joe H

Waterford, MI

#140 Nov 22, 2011
Julia Paulsen....are you still out there? I'm still hoping to learn more about "The Wave". Also wondering why those residents/owners who are dissatisfied with the conditions and management practices haven't put up any http://www.youtube.com videos with audio descriptions to substantiate their positions of the conditions at The Wave. I would also think it might be an effective way to motivate people to make necessary changes. Nothing like a little embarrassing media attention to get people motivated to change things. Sure it might cause some people who are trying to sell to cringe but may wind up helping them sell faster or for more money if changes are made. What do you think?
Ben Hadd

Penn Laird, VA

#142 Nov 22, 2011
Joe H wrote:
Julia Paulsen....are you still out there? I'm still hoping to learn more about "The Wave". Also wondering why those residents/owners who are dissatisfied with the conditions and management practices haven't put up any http://www.youtube.com videos with audio descriptions to substantiate their positions of the conditions at The Wave. I would also think it might be an effective way to motivate people to make necessary changes. Nothing like a little embarrassing media attention to get people motivated to change things. Sure it might cause some people who are trying to sell to cringe but may wind up helping them sell faster or for more money if changes are made. What do you think?

11 months and I still think I made a good decision. But, I did NOT get my information from Topix. An investment of this size is far too important for that. Even a video of the worst possible things would not give a fair or balanced opinion. Things are not perfect, but they seem to improve a little every month. Still happy, with my decision.
Joe H

Waterford, MI

#143 Dec 1, 2011
Ben Hadd wrote:
<quoted text>
11 months and I still think I made a good decision. But, I did NOT get my information from Topix. An investment of this size is far too important for that. Even a video of the worst possible things would not give a fair or balanced opinion. Things are not perfect, but they seem to improve a little every month. Still happy, with my decision.
Thanks Ben, Happy to hear that you are still happy with your decision. I agree that more due diligence is needed in the more traditional ways. I'd still like see if I can glean information from non-traditional sources. Information that may never be disclosed during a routine or scheduled visit or from talking to realtors who may not be familiar (or may not feel the need or desire to disclose) with all the nuances that only residents may be keenly aware of.
I actually don't mind the idea of buying a distressed property/investment so long as I can foresee a fair amount of upside potential and can rule out a medium to high risk as far as the downside potential goes.
Joe H

Waterford, MI

#144 Dec 29, 2011
Well I managed to visit the grounds of "The Wave" while down there for a little cruise vacation. I managed to meet someone outside who was leaving and decided to get some feedback from her. Was informed they are trying to sell a 1 BR, 1BA with a $437/mo HOA fee and not doing too well. Said she was afraid to walk to her car and that people have either died or been killed there (a toddler) in the not too distant past and three local police have been killed around there. One resident or owner is purported to be spilling acid on the carpet in an attempt to get management to put new carpet in on the 6th floor. While the outside grounds didn't look bad and the peeling paint on the building looks easy enough to fix, the $437/mo HOA for 1BR/1Bath with a good chance of going up is a little scary. Would like to find out if others are experiencing similar costs for theirs and what it would be for a 2BR/2Bath. I'm afraid the management company may be milking the owners and doing very little to fix things up or maybe their just building up a nestegg for some major renovations. I was also a little intimidated about the community you have to go by in order to get to the Wave building. It reminds me of a low income 'housing project' area which oftentimes are notorious for rampant crime. I hope those of you who are trying to get out can do so with as little pain as possible and that those who are brave enough to try and make a go of it are successful. Good Luck!
Happy at the Wave

Plymouth, MA

#145 Dec 29, 2011
I think the condo fee for a 2 bedroom is $600 plus. I don't believe it will go up. I think it will go down eventually but not soon. This is the first year that the BOD put money in the reserve fund in several years.

Please don't make assumptions about the management co. The fees are high because the paying owners had to make up for those in foreclosure and those that walked away when their investment crashed. At least a third of the people weren't paying.

As far as deaths, someone did die in one of the apts. but I thought it was from natural causes. The 3 policemen were killed nowhere near the Wave.

The laws have now changed and the association can now take a condo for nonpayment of fees. Last month, they put one on the market for $20,000 and it was gone in one day for $18,000. Foreign investors are buying some of these. There are several on the market now.

The association/management co. is in the middle of a lawsuit against the engineers and other entities because of the balconies.

The biggest issue for a buyer is the HOA fee. No bank is going to lend money for one of these so you would have to pay cash. It doesn't really make sense as an investment unless you want to sit on it for a while because you probably can't rent it and make a profit because of the HOA fee. The guy that bought recently said it's still cheaper than renting.

I have had no safety issues whatsoever. There are occasional domestic disputes at the community you go by to get to the Wave but there is rarely more than one item in the weekly police blotter for that block.
Ben Hadd

Penn Laird, VA

#146 Dec 29, 2011
I'm paying $427 for a 2/2. I don't know where these other figures are coming from.
Joe H

Waterford, MI

#147 Jan 2, 2012
Thanks for the response.

I don't think I was making assumptions about management although I did raise some concerns which also addressed the possibility of something more positive that might be occurring with the HOA fees when I wrote:

"I'm afraid the management company may be milking the owners and doing very little to fix things up or maybe their just building up a nestegg for some major renovations."

and now noticing that I used the wrong word for 'they're' when I wrote "their".

As for the history of the death(s) and crime, I suppose the person was mistaken or I misunderstood.

She was very adamant that I not even consider buying there, despite her desperately wanting to sell.

Again thanks for responding. If it were just going to be me living there...I might be more willing to take a chance. In my case, I have to take into consideration my fiancee and my daughter who is 14
who I was enrolling at St. Petersburg Collegiate High School where they also have a program that allows top students dual enrollment in St. Petersburg College for 2 years and for free. Beginning in the students Junior year. I know it's a bit of a drive from the Wave yet I thought it would be manageable.
Regards!

Joe H

Waterford, MI

#148 Jan 2, 2012
Thanks Ben...I had hoped to see if their was any uniformity in addition to the costs.$600 is a bit high especially if it might go up. Maybe "Happy at the Wave" can write some more about he came to think it was $600.
A monthly report put out by those in charge might help as well.
Mismanagement Foe

Palm Harbor, FL

#149 Jan 8, 2012
Happpy at the Wave wrote:
I hope you like dogs because they bark 24 hrs. a day here, nonstop, early in the morning, late at night, pretty much 24 hrs. a day, yap, yap, yap.
It's like Chinese water torture. I don't know if their owners are all deaf, but they sure are inconsiderate.
Not so happy today
Bylaws state that dogs must be either carried or transported outside in a carrier.
The HOA "President" can't even see his feet much less lift his
two greyhounds, Ron.
Mismanagement Foe

Palm Harbor, FL

#150 Jan 8, 2012
Happy at the Wave wrote:
I think the condo fee for a 2 bedroom is $600 plus. I don't believe it will go up. I think it will go down eventually but not soon. This is the first year that the BOD put money in the reserve fund in several years.
Please don't make assumptions about the management co. The fees are high because the paying owners had to make up for those in foreclosure and those that walked away when their investment crashed. At least a third of the people weren't paying.
As far as deaths, someone did die in one of the apts. but I thought it was from natural causes. The 3 policemen were killed nowhere near the Wave.
The laws have now changed and the association can now take a condo for nonpayment of fees. Last month, they put one on the market for $20,000 and it was gone in one day for $18,000. Foreign investors are buying some of these. There are several on the market now.
The association/management co. is in the middle of a lawsuit against the engineers and other entities because of the balconies.
The biggest issue for a buyer is the HOA fee. No bank is going to lend money for one of these so you would have to pay cash. It doesn't really make sense as an investment unless you want to sit on it for a while because you probably can't rent it and make a profit because of the HOA fee. The guy that bought recently said it's still cheaper than renting.
I have had no safety issues whatsoever. There are occasional domestic disputes at the community you go by to get to the Wave but there is rarely more than one item in the weekly police blotter for that block.
Yeah, right. The poor guy that was taken for a ride in 615 was
"Sold" a unit that had liens for past HOA fees.
PBM took his $1800 and when he went to closing found out.
That's the way PBM works.
If they don't like someone they threaten foreclosure when an owner
is back one month only!

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