Formula One racing legend buys Belleair waterfront home for $5.3M

A Belleair home on Belleview Island has sold for $5.3 million to Nigel Mansell, who won 31 Formula One races. The 5,296 square foot home, located at 430 St. Andrews Drive, was built in 1989 and has five bedrooms and four and a half baths. Sitting on a 0.9-acre lot, the home has a three-car garage and lies in a gated waterfront community on a private island. The island has 31 homes total, and this estate comes with a boat dock with two lifts. The home also has views of the Belleair Country Club.…Original Article

More renters are renewing leases as US apartment market continues to tighten

More renters are opting to stay put in their current units as rental rates continue to soar and inventory remains constrained.Original Article

When is the best time to sell a home? It’s coming up fast.

A new study shows the best days to sell a home for more than 10% above market value. The best day of the year is coming up soon.Original Article

Tampa Bay’s multifamily market ‘still has room for rent growth’

Investors are interested in apartment properties in the Tampa area because rents are at all-time highs, driven by a post-Covid influx of new residents.Original Article

Inside Asher, the Water Street tower with the smallest residences and biggest amenities

When plans for the tower that would become Asher in Water Street Tampa went public in 2019, developer Strategic Property Partners billed it as the district's option for "price-conscious renters" — one that would have the smallest units but with a big amenity package that more than made up for it. Three years and one global pandemic later, Asher opened in one of the hottest real estate markets in history, with 386-square-foot studio apartments starting at more than $2,000 per month. Asher is home…Original Article

Tampa Bay housing market shows no signs of slowing down, latest study finds

The U.S. housing market is slowly rebounding, according to the latest data from Realtor.com, but the story is different in Tampa Bay. An increase in the number of midsized homes could mean more listings are available for families wanting to upgrade from starter homes, which could turn into an uptrend for first-time buying options, according to the report. Active listings overall posted the smallest year-over-year decline (-12.2%) since December 2019, according to the Monthly Housing Trends Report. In…Original Article

US housing market starts to shift from pandemic frenzy but not evenly across markets

With mortgage rates rising and home-price appreciation continuing, there may finally be enough forces to slow the pandemic-fueled booming housing market.Original Article

Exclusive: Gulf front home under construction in Redington Beach sells for $10.7 million

A home on the Gulf of Mexico in Redington Beach has sold for $10.7 million in an all-cash, off-market deal — making it the third most expensive beachfront sale ever recorded in Pinellas County. The home at 15802 Gulf Blvd. sold Tuesday, according to the Multiple Listing Service. It is still under construction; The Fechtel Co. of Tampa is the builder. A deed for the transaction has not yet been filed in Pinellas County. Jennifer Zales, an agent with Coldwell Banker Residential Real Estate, represented…Original Article

Report: Home prices drop, but Tampa Bay homebuyers see little relief

The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the market…Original Article

Goldman Sachs pays $184 million for apartment tower in downtown Tampa

The sales price is a 53% increase over what the tower sold for in early 2020.Original Article