The Hermitage apartments in downtown St. Petersburg have sold for $107.6 million, a near record price per unit for a rental project in the Tampa Bay area. The eight-story, two-year-old building at +just east of the city’s thriving Edge District was purchased by Dedicated Hermitage LP, which has a Toronto, Canada, address. The Hermitage’s new owners paid $309,267 per unit,…
Bucking a national trend, sales of single-family homes soared by double digits in Hillsborough, Pinellas and Hernando counties in September. That dramatic increase, coupled with minor price increases, suggests that a real estate market that has favored sellers for several years is finally starting to swing a bit in favor of buyers. Another positive sign for those looking to purchase:…
Tampa Bay dodged a bullet. As late as 11am on Sunday morning, the National Hurricane Center projected a monster Category 4 hurricane, the largest in modern history, passing directly over the shallow estuary of Tampa Bay, and bringing with it up to 12 feet of storm surge. With 700 miles of shoreline and an average depth of only 12 feet,…
Tampa Bay home prices rose again in June, although the once-torrid pace of increases shows signs of slowing. For the first time in several months, year-over-year price gains were in the single digits in two of the bay’s area’s four counties. The change was particularly striking in Pasco, where the median price for a house in June — $202,995 —…
With the peak selling season in full swing, Tampa home sales didn’t disappoint in March — prices in all four bay area counties jumped again by double digits compared to the same time a year earlier. And once again, Tampa Bay outpaced every other major metro area in Florida and most of the smaller ones as well. “We certainly have…
Century Oaks, a landmark estate overlooking Clearwater Harbor, has sold for $11.18 million, the most ever paid for a home in the Tampa Bay area. No other residential property has been even close to that price except for a Belleair estate that sold for $10.25 million in 2008. The top price paid for any bay area home last year was…
With the opening of the Opal Sands and Wyndham resorts on Clearwater Beach in the last 14 months, the Tampa Bay area gained 678 new hotel rooms. Sound impressive? Wait until you see what’s coming. Over the next few years, at least 27 new hotels with a total of 4,000 rooms are expected to start welcoming guests in what has…
Tampa Bay home prices continue to soar, but the meager supply of available properties that continues to frustrate buyers may finally be starting to ease. In February, the median price of a house jumped by double digits in all four bay area counties compared to the same month a year ago. Hernando led with an astounding 24.4 percent gain. “I…
Daniel Paloscio has an enviable record flipping homes. Last April, he and a partner paid $275,000 for a house in a coveted South Tampa neighborhood. After renovations, they sold it in November for $515,000 — a gross profit of $240,000. That wasn’t their only impressive flip. A Tarpon Springs house Paloscio snagged for $170,000 last year sold six months later…
Most Tampa Bay residents have never heard of Westminster Heights. But the St. Petersburg neighborhood could give a lot of bang for the buck when it comes to investing in real estate this year. Lying south of Central Avenue between 49th and 58th Streets S, Westminster Heights tops Zillow’s list of the five bay area neighborhoods expected to show the…
