Author Archive for: DomresRealEstate

St. Petersburg has approved a zoning change that will allow for more residential units to be added to nearly 3,000 parcels in the city. City council on Thursday voted 7 to 1 to allow some owners of single-family homes to add more units to their property. The change allows for what supporters call “missing middle housing,” such as duplexes, triplexes and quadplexes. Councilman Ed Montanari cast the sole dissenting vote. The vote is a small step toward combating the city’s ongoing housing…

“Home sellers seem to be sitting out the early spring selling season in surprising numbers.”

In the immediate aftermath of Silicon Valley Bank's failure on March 10, mortgage rates dropped a half percent as concerns over the banking sector and broader U.S. economy took hold.

A penthouse in the 42-story condo tower Art House St. Petersburg is under contract for $6.1 million. Kolter Urban is the developer of the tower, which is under construction in the 200 block of Central Avenue in downtown St. Petersburg. It was designed by SB Architects, with interiors by ID & Design International. The 4,847-square-foot penthouse has views of downtown St. Petersburg and Tampa Bay and includes a deep wraparound terrace, according to a representative for the developer. The top-level…

A luxury property on Bayshore Boulevard has changed hands between two of the biggest names in Tampa Bay business. Chris Sullivan, co-founder of Outback Steakhouse, paid $3.3 million for a townhouse that's part of condominium tower Alagon on Bayshore, according to Hillsborough County property records. The sellers were Les and Pam Muma, some of the Tampa Bay region's most prolific philanthropists. Les Muma is a co-founder of Fiserv Inc., a Fortune 500 technology company. Teale Taggart Smith of Keller…