Redington Beach, Florida has long been dominated by the residential properties and mom-and-pop timeshare condominiums that line the coast. Unlike its neighbor, Madeira Beach or high-ranking travel hotspots, St. Pete and Clearwater Beaches, Redington has remained relatively untouched by investors – until now.
Jeffery Beggins, a Century 21 broker, and Bill Karns, a local real estate developer, as well as their company Nored Beach Development have purchased the Sandalwood Beach Resort, a hotel-condominium, for $6 million according to Pinellas County records.
17100 Gulf Blvd. is set to be demolished in favor of an undisclosed rebuild development.
Prior to the Sandalwood project
The Sandalwood project is not Beggins and Karns’ first redevelopment in the area. In 2022, they purchased the now Beachmaker Madeira Beach, a condo hotel a part of the Marriott Autograph Collection for $13.5 million. The 8-story property is slated to open in 2027, with 171 rooms, 30,000 square feet of retail space, an onsite pool-bar, coffee shop and Cozina, a Mediterranean restaurant.
Beggins closed on over an acre of gulf front land for $7.95 million back in April of this year, with plans of redeveloping the Schooner Hotel and Beachside Suites Motel, as well as building a 56-room luxury boutique resort.
Bill Karns’ experience in Madeira Beach
In June 2022, William Karns Enterprises secured a $19.05 million loan through Trez Capital for the construction of The Residences at Town Center Madeira Beach which was completed last year.
Prior to that, Trez Capital closed a $15.61 million construction loan for The Harbor at Town Center–the first phase of Karns’s plan for Madeira Way.
Sandalwood before acquisition
The Sandalwood Beach Resort is one of Redington’s many decades old condo-hotels, with 47 gulf front units that come with private pool and beach access. Built in 1959, the property was permanently damaged by Hurricane Helene in September 2024 and has since closed.
“There’s no building that one back,” Beggins said in a July 17 statement to the Tampa Bay Business Journal.
Redington post hurricane
In the 10 months following Hurricanes Helene and Milton, Redington, along with its neighboring gulf beaches, has been a part of an ongoing revitalization effort.
However, attempts to bring Redington back to its former glory hasn’t been without its setbacks. In April 2025, New Channel 8 reported that a wave of investors backed out of purchasing the storm-damaged properties of Redington homeowners who couldn’t afford repairs. Nonetheless, the damage and subsequent aftermath wasn’t limited to just homeowners. Redington’s family-owned Sails Resort Motel and famed Don Cesar in St. Pete Beach, were also among those subjected to months of rebuilding.
In October, less than a month after Hurricane Milton, Sails Resort Motel owner Zaneta Cieslak told Bay News 9, “We’ll start again on the bottom floor. Do as many updates as possible. Get the pool fixed up, the sunning deck, the landscaping, the rooms of course and then start renting early next year. If not sooner.”
Sandalwood project moving forward
According to the Tampa Business Journal, Beggins has yet to disclose how he plans to redevelop the property.
No official timeline has been set for when the redevelopment will begin.
