Entries by DomresRealEstate

South Tampa real estate agent sells $9.5 million teardown in Boca Grande

A South Tampa real estate agent has closed the third highest sale on the Gulf of Mexico this year — a $9.5 million home in Boca Grande that will be torn down. Stephen Gay of Smith & Associates Real Estate represented the buyer of 4561 Shore Lane, which is 2 acres with 205 feet of beach frontage. The home on the site, built in 1981, is 9,580 square feet. “This may be the third highest sale on the Gulf this year, but it’s the only one that was sold for lot value,” Bob Glaser, president…

Median home values in the wealthiest Zip Codes

Over the past six years, the median home value remained relatively steady or even increased in the five wealthiest ZIP codes in the Tampa Bay area (see the List on Page 6). This is in contrast to the region as a whole, which saw home values decrease by an amount ranging from around 10 percent in Manatee and Pinellas counties to just under 30 percent in Hernando. However, this is still reflective of the home value lost during the housing collapse that accompanied the recession. Home values increased…

This is where Tom Cruise is likely moving in Clearwater

Tom Cruise is officially moving to a Clearwater condominium, nearly a year after public records linked him to the property. People magazine reports that Cruise is leaving Los Angeles for Clearwater, moving to a “penthouse apartment in Clearwater, Florida, just a block from the Church of Scientology’s international headquarters.” Cruise is a prominent member of the church and a close friend of leader David Miscavige, according to People. His move to Clearwater has been rumored for years. Multiple…

Tampa ranks as top Florida city and among top 10 in the U.S. for flipping houses

The popularity of flipping houses has grown, thanks in part to TV shows like “Flip or Flop” and “Flip this House,” and it turns out Tampa is one of the top cities for house-flippers, according to a recent report from WalletHub. Compared to 169 other cities across the country, Tampa came in as the No. 10 best city to flip a house, largely due to relatively low remodeling and renovation costs. The Big Guava also beat other Florida cities that were ranked, such as Orlando, Cape Coral and Jacksonville.…

Overstock returns to the real estate game

Online discounter Overstock.com still wants to sell you home furnishings, but is adding another layer to its services — helping you find a new home to put those furnishings in. Overstock (NASDAQ:OSTK) announced plans to launch O Real Estate in September, an initiative that will use the company’s search technology to help customers buy, sell and manage real estate. “For nearly 20 years, Overstock has connected customers with premium home goods, helping them build their dream homes; now,…

Quality of life, safety put Tampa among the top 20 best large cities to live

As some families spend their summer planning to relocate, many will look to Tampa as one of the best large cities to live in, according to a new ranking from WalletHub. The study evaluated factors that would make a metropolitan hub a good place to live. By comparing the 62 largest U.S. cities based on 56 indicators of livability, WalletHub ranked the top major cities in the U.S. Tampa came in at No. 16 overall and No. 4 out of 62 in the category of job opportunity. Data collected also included…

How homeowners are using equity loans

Home equity lines of credit have hit a nine-year high. Real estate analytics firm Attom Data Solutions found that 347,875 new home equity lines of credit were taken out in the first quarter of 2018. That's an 18 percent increase from the final quarter of 2017, and 14 percent increase from the same time last year, The Chicago Tribune reports. Since the recession, home equity loans have taken on a new purpose. “Putting home equity to work is the name of the game in the 2018 housing market –…