Fractured condo in Carrollwood sells for $99 million

The seller was able to acquire more units in the fractured condo after buying the bulk rental units in 2019.Original Article

Tierra Verde estate sells for $5.64 million

The waterfront home sits on 0.28 acres and has views of the Gulf of Mexico and Shell Key.Original Article

Clearwater City Council ready to send $400M development proposal to voters

City council unanimously approved agreements for two waterfront properties downtown, and voters will get their chance to weigh in come November.Original Article

Report: Tampa Bay susceptible to a housing downturn amid recession

The Tampa Bay housing market has reaped the benefits of people migrating to the area during the Covid-19 pandemic, but a Redfin report finds that may be coming to an end soon. Areas where home prices soared during the pandemic, such as Tampa Bay, are most likely to amplify the effects of a housing downturn and declining home prices if the economy goes into recession. Redfin analyzed housing markets in the 98 U.S. metros where sufficient data was available using several housing-related indicators…Original Article

St. Pete expands regulations for accessory dwelling units

The decision to allow more neighborhoods to qualify for ADUs comes as the city is in the midst of a housing crisis.Original Article

The Deuces in St. Petersburg is finally on the cusp of evolution

While downtown St. Petersburg and surrounding neighborhoods have seen an influx of development, new residents and storefronts in recent years, The Deuces has largely been left out of the boom — until now.Original Article

Tampa City Council votes against declaring a housing state of emergency

Tampa City Council voted Thursday against moving forward with declaring a housing state of emergency. Joseph Citro, Guido Maniscalco, Charlie Miranda and Luis Viera voted against directing the city's legal staff to draft an ordinance declaring the emergency. Orlando Gudes and Lynn Hurtak voted for it; Bill Carlson was absent. Without a housing state of emergency, a referendum on rent control can't proceed to the ballot in November. Florida Statute 166.043 prohibits rent control unless an emergency…Original Article

AutoTrader founder’s Tierra Verde property has sold for $10.45 million

A Tierra Verde estate with the largest waterfront footage of land available in the Tampa Bay area has sold to six buyers for a combined $10.45 million. The six lots, which total 2 acres and 680 feet of waterfront, span from 490 Laguna Drive to 501 Barcelona Drive. The property went to market in early 2021, listed for sale by Fallon Arnold and Jennifer Zales, both of Coldwell Banker Residential Real Estate. Arnold is the granddaughter of late AutoTrader founder Stuart Arnold, who started assembling…Original Article

New-home market ‘at a crossroads’ amid uptick in canceled contracts, incentives

Homebuilders across the U.S. are shifting their strategies and financial outlooks amid changing consumer demand for housing.Original Article

Report: Tampa offers less space than most major cities for $1,500

A new report from Rent Cafe, a nationwide internet listing service, found that Tampa is the nation’s third best mid-city for apartment dwellers (and 15th among cities of all sizes) for its local economy and quality of life. Still, it isn’t the best for those on a budget. However, the report also looks at how much space a renter could get for a budget of $1,500 a month, around the national average. Tampa ranks as one of the country’s worst for renters, according to the amount of square footage…Original Article