Entries by DomresRealEstate

Tampa Bay’s mortgage delinquency rate has dropped

July 15, 2019 in /by

More Tampa Bay homeowners are keeping up with their mortgages. According to a loan performance insights report from CoreLogic, this past April, the mortgage delinquency rate in the Tampa-St. Petersburg-Clearwater metropolitan area, 3.9 percent, was 2.4 percentage points lower than it was in April 2018, when it was 6.3 percent. The serious delinquency rate decreased, too. This rate — which measures payments that are 90 days or more past due, including loans in foreclosure — also decreased by…

Outback Steakhouse founder swaps mansions with hedge fund boss

July 11, 2019 in /by

J. Timothy Gannon, the co-founder of Outback Steakhouse and Tampa-based Bloomin’ Brands, has exchanged Palm Beach mansions and millions of dollars with hedge fund executive Laurence M. Austin and wife Molly M. Austin. Gannon sold his 7,005-square-foot beachfront mansion at 1300 N. Ocean Blvd. for $12.23 million to the Austins. On the same day, the Austins sold their 5,802-square-foot home at 235 Nightingale Trail to Gannon for $5.76 million. The listing agent for the home at 1300 N. Ocean Blvd.…

Developers of 53-story mixed-use Riverwalk Place to begin external demolition of CapTrust building in downtown Tampa

July 2, 2019 in /by

The developers of the 53-story Riverwalk Place will begin external demolition of the CapTrust building, a process expected to take more than a month and affect traffic patterns in downtown Tampa. The developers — a partnership of Tampa's Feldman Equities and West Palm Beach-based Two Roads Development — said on July 2 that they will begin external demolition on July 8. Internal demolition of the building has been under way since at least early May. On July 5, the developers said via a spokesman…

Don CeSar developer’s historic home on St. Pete Beach hits the market (Photos)

July 1, 2019 in /by

The historic home where the developer of the Don CeSar lived while building the Pink Palace is up for sale. Thomas Rowe, who opened the iconic hotel in St. Pete Beach in 1928, lived in the home at 3215 West Maritana Drive before and during the construction of the Don CeSar. It is listed for sale at $1.25 million. Tia Hockensmith and Anna Womack of Smith & Associates Real Estate are the listing agents. “The buyer of this home will not only have the pleasure of living in a gorgeous home with stunning…

Tampa Bay home shoppers seek affordability, do not find it

June 28, 2019 in /by

Tampa Bay home shoppers are coming up short. According to home search data from realtor.com, the average median listing price for houses in the Tampa-St. Petersburg-Clearwater metropolitan area is $274,950. That is 5.5 percent (or $15,050) higher than the average median search price of $259,900. The gap in Tampa Bay is not as bad as the nationwide gap of 9.1 percent ($27,000) between the median search price of $288,000 and median listing price of $315,000. The greater the gap, the higher the frustration. “Entry-level…