Ohio investor acquires Pinellas apartments for $64 million
The apartments opened in 2022.Original Article
$10M Sarasota beach home set for auction in December
A private residence overlooking the beaches of Lido Key in Sarasota is being auctioned by DeCaro Auctions International. Better known as the "The Pirate House,” the home at 15 N. Polk Drive is designed by DSDG Architects and influences the modern Miami Beach art deco movement. The home includes five bedrooms, five and a half baths, porcelain tile flooring, custom electronic touch and close cabinetry, Wolf appliances, and a quartzite statement island with a waterfall edge. It also includes a…Original Article
40 Under 40 honorees build Habitat for Humanity homes in Clearwater (Video)
The 2022 class of Tampa Bay Business Journal 40 Under 40 honorees recently participated in a Build Day with Habitat for Humanity of Pinellas and West Pasco Counties. The majority of the class worked on two homes next door to each other in Clearwater. “When we got together with Habitat, this was a brainchild like why don’t we do a build, why don’t we do something where we can come together, spend time together, give back to the community and tackle affordable housing? That is one of the…Original Article
Report: Housing market set to rebalance, Zillow reports
As the housing market starts to rebalance, a report from real estate website Zillow shows that first-time homebuyers and sellers are unsure what the market will look like in the future. Nearly half of agents (46%) surveyed by the site say the biggest misconception among aspiring homebuyers is that home prices will significantly fall, while more than a third of agents (35%) say prospective buyers mistakenly think they should wait for high mortgage rates to come down. Zillow’s research predicts…Original Article
Housing markets with highest share of equity-rich households undergo biggest corrections
Even with a rapidly cooling housing market, homeowners across the U.S. are sitting on near-record levels of equity.Original Article
Largo apartments sell for $58.55 million
The Waterchase Apartments are located near Largo High School and the Teakwood Village mobile home park.Original Article
Miami developer plans $200 million mixed-use project in downtown Tampa’s Encore
A Miami developer plans to build a $200 million mixed-use project in downtown Tampa’s Encore, adding apartments, hotel rooms and retail space to the urban district. LD&D said it will acquire the 2-acre parcel at 1101 E. Harrison St. from the Tampa Housing Authority, though a deed for the transaction has not yet been filed in Hillsborough County. On Oct. 18, city staff notified representatives for the developer that the proposal was approved to move forward. The project will include a 28-story,…Original Article
St. Pete developer ‘bullish’ on luxury spec homes
St. Petersburg developer Will Conroy sees plenty of demand for luxury single-family homes in the Sunshine City — even as a national recession looms. Conroy, founder of Backstreets Capital, owns 42 lots across the city in partnership with St. Pete-based Canopy Builders. By the end of 2023, nearly half of those will be built out: He plans to build 19 speculative homes ranging from $800,000 to $1.4 million in the neighborhoods of Canopy Oaks and Woodlawn. Speculative home building, when a house breaks…Original Article
Pinellas County Schools’ potential housing project could help retain teachers amid inflation
Pinellas County Schools plans to build housing in an effort to help retain and recruit faculty and staff, and there’s already interest from teachers. The district filed a request for proposals for the development and management of a residential or mixed-use community at the school-owned site of the historic Tomlinson building, which is in the Mirror Lake District of downtown St. Petersburg. It is next to Mirror Lake Condominiums, which was previously St. Petersburg High School. “We looked…Original Article
Million-dollar markets: The ZIP codes where you need to make $1M to get in the door
You need to earn at least $100,000 per year to afford a home in 27% of U.S. ZIP codes, but there are plenty of areas where $100,000 won't even scratch the surface. In these 18 metros, you need to earn at least $1 million to afford a median-priced home.Original Article