Entries by DomresRealEstate

Penthouse in downtown St. Pete’s Vinoy sells for record-breaking price (Photos)

A penthouse unit in the Vinoy Place in downtown St. Petersburg has sold for $4 million, the highest price ever paid for a condominium within that property. Unit 1304 in Tower 4 sold for more than $750 per square foot in a deal that closed last week, the Gunn-Swainston Group of Premier Sotheby's International Realty St. Petersburg office said Wednesday. The list price was $4.5 million, or $840 per square foot. Vinoy Place was built in 2002. Within the penthouse's 5,300 square feet, there are…

See where home values are growing rapidly, and where Tampa lands among the top 60 markets

Home values are appreciating more rapidly in the Buffalo area than in a majority of the nation’s markets, according to a new breakdown of statistics from Zillow, the real-estate website and data-collection firm. Business First analyzed Zillow’s estimated home values for America’s 60 largest metropolitan areas between August 2010 and the same month this year. Buffalo ranks 27th with a seven-year gain of 29.1 percent in the value of the typical home. Click on the View Slideshow button for a…

Rent or own? Best metros to buy a home

Deciding whether to rent or buy a home is typically based on the cost of rent versus a mortgage payment. Financial technology company SmartAsset has identified the top 10 metro areas where buying is a better option than renting. Little Rock, Ark., came in first place on SmartAsset's list. The area’s average home price is $196,120 and average monthly mortgage payment is $496, while the average monthly rent is $1,146. Here are the cities behind Little Rock: 2. Louisville, Ky., $575 average…

See where LendingTree ranks Florida among destinations for homebuyers

Homebuyers moving out of state are heading south, with Florida the No. 2 most-popular destination, a new study from LendingTree shows. LendingTree says it reviewed purchase mortgage loan requests for primary residences in all 50 states in the last year — from October 2016 through October 2017 — to find the percentage of all requests from residents looking to move outside of their current state. The results reveal the most popular new destination for each state along with the percentage of…

$7 million home on Sarasota’s waterfront up for auction (Photos)

Sarasota’s largest bay front property is up for auction with no minimum bid. It was previously listed for just under $7 million. The 8,500-square-foot home located at 7922 South Holiday Drive on Little Sarasota Bay sits on a 3.5-acre lot with 260 feet of waterfront. Built in 2001, the five-bedroom, five-and-a-half-bath home features a 125-foot boat dock where the water sports enthusiast can access several boat lifts. The Schemmel Property Group, an affiliate of Premier Sotheby’s International…