Affordable housing project in Seminole breaks ground
The project will favor veteran applicants.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Charlotte developer breaks ground on garden-style apartments in Ruskin
The developer has secured a construction loan and says work is underway.
Feds expand 40-year mortgage eligibility. Experts say it could lead to more.
Federal officials are expanding access to 40-year mortgages to cope with affordability challenges, but experts say the change could have drawbacks.
Belleair Bluffs apartments near the intracoastal sell for $9 million
The apartment complex was built in 1972 and is minutes away from Belleair Shore.
Condo in downtown St. Pete sells for $4 million
A condominium in downtown St. Petersburg has sold for $4 million in an all-cash transaction, according to the Multiple Listing Service. The condo is on the 23rd floor of the Ovation tower at 180 Beach Drive NE and is approximately 3,660 square feet, according to the MLS. The sale price breaks down to $1,092 per square foot. The sellers are Tara and David Ruberg, according to Pinellas property records. Of the nine downtown St. Petersburg condos that sold for $3 million or more in the last year,…
Built-to-rent townhouse site in Wesley Chapel purchased by Atlanta builder
The future site of a built-to-rent townhouse community in Pasco County is in the hands of Atlanta builder.
Venetian Isles waterfront home sells for $5.3 million
A waterfront home in Venetian Isles in St. Petersburg has sold for $5.3 million. The just over 5,000-square-foot home sits on a 0.25-acre lot on a cul-de-sac located at 1915 Carolina Ave. NE. The home was built in 2021. The sale closed on April 4, according to a deed filed in Pinellas County. The sale price breaks down to approximately $1,054 a square foot. St. Petersburg-based broker associate Carol Fasick-Joyce and real estate consultant Alexis Logan of The Dynasty Group at Coldwell Banker Realty…
Pasco entrepreneur lists 200-acre estate for sale for $19 million
A Pasco County entrepreneur and his wife have listed a sprawling Dade City estate for sale for $19 million. Tom Johnson, who sold Tampa-based Global Imaging Systems to Xerox Corp. for $1.8 billion in 2007, and his wife, Jane, have put their 200-acre property at 33642 Blanton Road on the market. Kathryn Scheller and Nicole Colon with Coldwell Banker Realty are marketing the property for sale. The home was built in 2006, and the property also includes a two-story barn, two hay storage barns and…
Clearwater waterfront estate sold
The estate sits on a deepwater wide channel and has direct access to the Gulf of Mexico.
Report: Home prices have exceeded inflation by over 200% since 2020
Nationwide, home prices have risen significantly faster (42%) than inflation (14%), a new report by real estate company Clever found. Inflation has made it difficult for potential buyers to afford homeownership as lenders have increased mortgage rates and tightened lending standards. To-date, the average national mortgage rate is 6.97% — compared to 3.58% in March 2021. The report used data from the St. Louis Federal Reserve, Zillow, the Board of Governors of the Federal Reserve System and the…