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
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…
The sales price is a 53% increase over what the tower sold for in early 2020.
It's the highest-priced home sold so far in 2022 in either Hillsborough or Pinellas counties.
The Sunshine State is at the forefront of skyrocketing rent prices, according to a new study by Florida Atlantic University. Through a partnership with researchers at Florida Gulf Coast University and the University of Alabama, FAU analyzed U.S. rental markets using past leasing data from Zillow to model historical trends from 2014 to determine where rents should be and compare those to current rates. The report found that Florida dominates the list of the 25 most overvalued rental markets in the…
The buyer is the CEO of a NYSE-listed company.
A Clearwater Beach estate is listed for sale at $18 million. The 0.78-acre property at 1170 Mandalay Point Road could become the highest-priced single-family home sold in Pinellas County if the asking price is met. Heidi Odio and Kerry Lather of Compass Real Estate are listing the property for sale. Mandalay Point is among Tampa Bay's most exclusive addresses. Tech magnate Arnie Bellini and his wife, Lauren, own property there, as does Spanx founder and Clearwater native Sara Blakely. The Bahia-Mar…
A vacant lot on the Davis Islands waterfront has sold for $5.85 million. The lot at 110 Martinique Ave. is .34 acres and is 75 feet wide by 200 feet deep. The seller, a corporate entity linked to Modesta Homes, paid $3.66 million for the property in 2021. The buyer, Sreeram K. Reddy, also owns a property on Harbour Island, records show. The sale closed April 29, according to Hillsborough County property records. Jennifer Zales of Coldwell Banker Residential Real Estate represented the seller.…