07/21/17 Real Estate
On a scale of desirability, the house for sale on Whittner Drive in Land O' Lakes would rank fairly low. It's a short sale; it sits on an unstabilized sinkhole and it's within a few miles of two houses that collapsed into a gargantuan hole July 14.
07/20/17 Real Estate
Once in the top five nationally for foreclosure filings, the Tampa Bay area no longer makes even the top 25.
As bay area home prices and values continue to rise, the number of homes in foreclosure plunged 42 percent in the first six months of this year compared to the same period in 2016, ATTOM Data Solutions reported today.
As of June 30, Pinellas had the fewest percentage of homes in some stage of foreclosure — one in every 276. That was followed by Hernando (one in 203), Hillsborough (one in 179) and Pasco (one in 178)....
07/19/17 Real Estate
ST. PETERSBURG — The owner of the Cordova Inn and The Station, a popular coworking spot, has bought another vintage downtown building for $5.975 million.
Steven "Flip" Gianfilippo's 300 Central LLC closed this month on the 10-story, 40-unit Coronet Apartments at the corner of Central Avenue and Third Street S. Though the 82-year-old building is nondescript, it sits in a prime downtown location between a planned mixed-used tower to the west and the ONE St. Petersburg condo tower and Hyatt hotel under construction to its east. ...
07/17/17 Real Estate
ST. PETERSBURG — In September, developer James Landers said almost two dozen buyers had contracted for townhomes in the planned 801 Conway project in St. Petersburg's trendy Edge District.
But now the project is dead, a victim of permitting delays and rising prices sparked by the city's frenetic building boom.
"No doubt it's a hyperactive market, and the further we go in the cycle, the higher prices get," Landers, head of Aspen Venture Group, said Monday. "So certainly the core issue was delays in permitting but that leads to higher prices and makes the project more difficult from a financial standpoint."...
07/07/17 Real Estate
When people decide to sell their homes, the first place many of them look for an estimate of value is Zillow. That drives real estate agents batty.
"I fight these on a daily basis,'' Dunedin agent Joe Demo says of what the popular online database calls Zestimates. "When people bring it up, I tell them, 'In my opinion you've got a room full of drunk monkeys throwing darts to come up with these.'"...
07/06/17 Real Estate
The $458,100 foreclosure sale of a gulf-front condo in North Redington Beach should be set aside and the money returned to the bidders because of "unauthorized conduct, misconduct and fraudulent acts" leading up to the auction, a new court filing says.
In an emergency motion filed this week in Pinellas County Circuit Court, an attorney for John and Christine Houdes' Orlando Realty Group LLC asks a judge to vacate the June 8 sale because of a "well-executed and sophisticated scheme" to deceive bidders in order to obtain a "windfall" profit....
07/03/17 Real Estate
On June 8, a condo overlooking the Gulf of Mexico in North Redington Beach sold at a Pinellas County foreclosure auction for $458,100.
The winning bidders, an Orlando couple, thought they had gotten a good deal on the 1,500-square unit in the Ram-Sea Condominiums with heated pool and Jacuzzi. Owners can use their condos as permanent homes or lucrative vacation rentals....
06/30/17 Real Estate
A few months ago, the newsletter of Tampa's Westchase Community Association ran a story about plans for 38 new townhomes. The project described was a modest one, nothing like the headline-making deals that once characterized its developer.
During the boom years of the early 2000s, no Tampa Bay developer had a higher profile than Pridgen. Every day, thousands of motorists on I-275 in Pinellas County sped by his Gateway Business Centre and a billboard featuring his Crest-perfect smile next to the slogan: "Not Just Another Pretty Place."...
06/29/17 Real Estate
Finally, some good news for Tampa Bay home buyers. Despite rising prices, the bay area remains relatively affordable compared to many other parts of the country.
In the second quarter of this year, Tampa Bay's "affordability index" stood at 99 percent, meaning the median home price of $191,000 was almost exactly at its historic norm, according to ATTOM Data Solutions, parent of RealtyTrac. (The further below 100, the less affordable; the further above, the more affordable.)...
ST. PETERSBURG — The founder of St. Petersburg's Universal Health Care alleges that Florida regulators conspired with the company's chief financial officer to drive the once high-flying Medicare insurer out of business.
In a response this month to a lawsuit against him, Dr. Akshay Desai says regulators pressured CFO Alec Mahmood into cooperating with them or face being blackballed from the insurance industry. The response says Mahmood "secretly and criminally" recorded at least 11 conversations with Desai and other Universal executives as regulators moved to put the company into receivership. ...
06/27/17 Real Estate
ST. PETERSBURG — U.S. Rep. Charlie Crist and his estranged wife, Carole, have put their Beach Drive condo on the market for $1.5 million.
The couple, who are divorcing, bought the three-bedroom, three bath unit in Parkshore Plaza in July 2015 for $1.036 million while Crist was considering what would be his successful run for the U.S. House. At a time when new congressional district boundaries were still uncertain, the couple also bought at house on St. Pete Beach that they sold in January for $1.030 million....
U.S. Rep. Charlie Crist and his estranged wife, Carole, have put their Beach Drive condo on the market for $1.5 million.
The couple, who are divorcing, bought the three-bedroom, three bath unit in Parkshore Plaza in July 2015 for $1.036 million while Crist was considering what would be his successful run for the U.S. House. At a time when congressional district boundaries were still uncertain, the couple also bought at house on St. Pete Beach that they sold in January for $1.030 million....
06/23/17 Real Estate
TAMPA — The Davis Islands home of Tampa Bay Lightning General Manager Steve Yzerman is back on the market for $3.45 million after a brief hiatus.
The Mediterranean-style home built on a canal in 2007 and purchased by Yzerman and wife Lisa in 2010 for $2.43 million cash has four bedrooms, five bathrooms and two half-baths in 6,265 square feet. Amenities include covered terraces with cypress ceilings, an outdoor kitchen with sink, grill and gas firepit and a heated pool with spa....
06/23/17 Real Estate
Danny Di Nicolantonio has lived in St. Petersburg's Calais Village Condominums for 33 years. Annoyed at times by the actions, or inaction, of the condo board and property managers, he has complained to the state agency that is supposed to investigate.
That has left him even more annoyed.
The Department of Business and Professional Regulation "is about as useless as a snowball in Florida," Di Nicolantonio says. "I'm sick and tired of filing complaints with them only to continuously be told it is out of their jurisdiction, my file has been closed or to go hire an attorney."...
06/22/17 Real Estate
For the second month in a row, Tampa Bay had one of the highest year -over-year increases in home values in May, Zillow reported today.
The median value of a bay area home jumped to $184,900 for an 11 percent gain, tying with Dallas for the second biggest increase among the nation's 35 largest metro areas. Seattle was No. 1 as home values there shot up 13 percent to a median of $440,100....