Exclusive: Developer buys long-watched estate on South Tampa waterfront to build nine new homes
A developer has purchased the long-watched Cone estate on the South Tampa waterfront and plans to build nine single-family homes on the property. Steven Anthony Luxury Homes paid $12.75 million for the 4.32-acre property at 5108 W. Leona St. in Belmar Shores on Sept. 16, according to Hillsborough County property records. The site will be redeveloped to accommodate nine lots; while the builder initially planned 10 homes on the property, one buyer has reserved two of the lots, said Jeff Shelton, a…
Home flippers see lowest profit margins in a decade
Flippers are still making tens of thousands of dollars selling houses, but the evolving housing market is eating away at their profit margins. Here's what's driving the trend.
The 25 hottest housing markets: How the Covid-19 pandemic has shaped where people buy homes
The housing market has been on absolute fire, especially since the Covid-19 pandemic. When the pandemic first hit home in the United States in March 2020, there was an immediate slump in homebuying activity as shelter-in-place orders and other government mandates were issued. Schools, offices and other public spaces closed, and everyone hunkered down for a wildly uncertain future. Predictions that the U.S. housing market would come back in the summer and continue into the fall of last year came…
Will seasonal cooldown take place in 2021’s blistering housing market?
Cooling temperatures usually signal a cooling housing market. Does that hold up in the wild housing market of the pandemic?
Despite pandemic push for more space, micro units still hot with some developers. Zoning laws remain a hurdle.
Small is still big for some real estate developers, despite macro changes from the Covid-19 pandemic where “more space” has widely been viewed as a bigger priority in housing decisions.
Tampa Bay and Jacksonville top state for fastest-growing neighborhoods
As Florida leads the nation in rising residential real estate prices, Jacksonville and Tampa Bay are leading the state.