Entries by DomresRealEstate

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

May 12, 2022 in /by

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…

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

May 11, 2022 in /by

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…

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

May 11, 2022 in /by

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…

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

May 10, 2022 in /by

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…

Report: Tampa has the third most ‘overvalued’ rent in the nation

May 6, 2022 in /by

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…

Clearwater estate listed for sale at $18 million

May 3, 2022 in /by

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…