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Welcome and thank you for visiting My Gulf Beaches for information on Real Estate in Florida. As your one-stop source for real estate services covering the St. Petersburg, Gulfport, PasadenaTreasure Island, Tierra Verde, Pass A Grille, Indian Rocks Beach, Madeira Beach, Redington Shores, Seminole, St. Pete Beach and the surrounding Bay area , here you can search for properties FREE OF CHARGE and without hastle as well as get up to date information on our ever evolving Real Estate market!  Real estate is one of the most exciting investments one can make, and it should be a fun and rewarding experience. Many customers ask me today if this is a good time to buy and my answer is an emphatic YES! I say this not simply because I sell real estate but because of the facts.

With inventory at a six year low, a favorable absorption rate and interest rates remaining reasonable, now is the perfect time to take part in our exciting market!

Pinellas County property values on rise

For the first time since 2007, Pinellas County property values are climbing this year, led by beach towns that took a beating during the recession.

In havens of wealth that line the county's barrier islands, estimated home and property values are predicted to rise between 5 and nearly 8 percent in 2013. And countywide, real estate values are expected to increase in every city, including towns that are currently experiencing little growth.

In a report released last week, Pinellas County Property Appraiser Pam Dubov estimated that overall, the county's taxable value would increase by about 3 percent this year.                                         

For Pinellas officials, rising property values could provide a boost to the county's budget, but a 3 percent increase would likely not be enough to close current and future gaps.

"It's better news than if we were still in a decline, but we still have some big challenges ahead," said County Commissioner Ken Welch.

He said he it won't solve the $30 million deficit the county is facing over the next two years, and it doesn't pay for the $5 million the state is requiring the county to pay into the retirement system.

For the last five years, the county's overall taxable value has been falling, plummeting by almost 12 percent in 2009, 10 percent in 2010, and 5 percent in 2011. Last year, values dropped by about 2 percent, a figure many interpreted as a harbinger of stability and perhaps even rising property values.

This year, Dubov's estimate shows that small beach towns where real estate values are often volatile will see the highest property value jumps. In tiny Belleair Shore, she expects a 7.43 percent increase, in North Redington Beach, a 6.61 percent increase, and in Redington Beach, 5.71 percent.

At the other end of the spectrum, values in Gulfport are expected to increase by less than 1 percent.

In St. Petersburg, an estimated 3.74 percent increase in property values would translate into an additional $1.7 million in revenue, according to City Administrator Tish Elston.

"This growth accompanied by the current construction cranes and development proposals which have come before council create a sense of optimism … a welcome contrast with the past five years which reduced the city's property tax revenues by over $30 million," she wrote in an email.

Clearwater, with an estimated increase of 3.24 percent, is not far behind.

"In some cases, taxable values are going up more than we might expect in a normal year because of properties that are going through the foreclosure process," said Amanda Coffey, the deputy for government affairs for the property appraiser.

As people move out of these houses, they lose their homestead exemptions, she said, and the properties are taxed on their full value.

"We're still getting some of that extra value from that," she said.

Dubov has put property value growth in Tarpon Springs at just over 1 percent, less than City Manager Mark LeCouris was hoping for.

"It's on the low end, but it's a positive number and after these past years a positive number is a reason to rejoice," he said.

LeCouris said the city had expected growth between 1.5 and 2 percent, but the lower figure would not affect services or lead to major budget cuts.

"We might have to tighten up the belt in a few more places but I don't think it will cause a major effect," he said.

Staff writers Brittany Alana Davis, Mark Puente, and Keyonna Summers contributed to this story. Contact Anna M. Phillips at aphillips@tampabay.com (727) 893-8779.

Beach Towns Lead Wave of Rising Property Values!

The tale of 24 cities

Estimated percent change in taxable values from 2012-2013

Belleair Shore 7.43%

North Redington Beach 6.61%

Redington Beach 5.71%

Belleair Beach 5.22%

Indian Rocks Beach 4.99%

Redington Shores 4.69%

Madeira Beach 4.64%

Treasure Island 4.51%

Kenneth City 4.24%

St. Pete Beach 3.98%

St. Petersburg 3.74%

Indian Shores 3.73%

Pinellas Park 3.67%

South Pasadena 3.66%

Oldsmar 3.57%

Clearwater 3.24%

Belleair Bluffs 2.90%

Seminole 2.53%

Dunedin 2.11%

Safety Harbor 1.74%

Largo 1.29%

Tarpon Springs 1.16%

Belleair 1.05%

Gulfport 0.77%

Pinellas County property values on rise 06/04/13 [Last modified: Tuesday, June 4, 2013 11:45pm]

 

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Tampa Bay's 10 most expensive homes sold in 2012

By Drew Harwell, Times Staff Writer
Drew HarwellTampa Bay Times In Print: Sunday, January 6, 2013

Deep-pocketed executives, a semiretired wrestler and professional athletes past and present plunked down millions for the Tampa Bay area's 10 most expensive homes sold in 2012.

In a year of good news for the average homeowner, with mid-level local home sales prices rising to $133,000, these mansions and manors embodied Tampa Bay's top 1 percent.

Selling for $3 million or more, these estates on Tampa's Davis Islands, the Belleair coast and other luxury locales sold for a combined $38.5 million. That's enough to buy the average local home 289 times over.

But why settle for the ordinary when you can live in a home with its own tanning salon or private gym? Or when you can buy a $3.4 million mansion, just to tear it down?

Here are the 10 priciest homes sold last year, based on property records and sales data from the My Florida Regional Multiple Listing Service.

$6.2 million

Sold April 13 to Michael Galinski

17,145 sq. ft.; 5 bedrooms, 8 bathrooms, 3 half bathrooms

Belleair, Willadel Drive: Topping the list is wrestler-turned-restaurateur Hulk Hogan's former mansion on the Intracoastal Waterway, famous in its own right as the backdrop for reality show Hogan Knows Best. If you think a $6.2 million price tag is stunning, consider that Hogan, whose real name is Terry Bollea, had this manse on the market for five years, starting at $25 million. Galinski, CEO of America II Electronics, a St. Petersburg global distributor of semiconductor components, paid cash for the gated mansion, crafted after a European country manor and built on a sweeping waterfront bluff. Hogan downgraded a week later into a mansion a third the size. (More on that later.)

Amenities: Tanning salon, four-room guest house, two-room "play house," swimming pool with waterfalls, two docks

$5.2 million

Sold Oct. 22 to Richard and Anna Steeves

8,595 sq. ft.; 6 bedrooms, 5 bathrooms, 2 half bathrooms

Davis Islands, Tampa, Baltic Circle: In 2010, Joel Cantor, the developer of St. Petersburg's Signature Place condo tower, built this Key West-style mansion on a ritzy Davis Islands coastline, opening it to a fundraiser for first lady Michelle Obama and renting it to New York Yankees player Alex Rodriguez and visitors to the Republican National Convention. Then, in October, he sold it to the chief executive of a medical giant based in Britain. Was Cantor already bored with its custom-made outdoor kitchen, power window treatments or Honduran-wood entry doors? No, he said. He just wanted to spend more time at his Colorado mountain hideaway.

Amenities: "Infinity-edge" pool, full office wing, entry chandelier on a $55,000 power lift

$3.8 million

Sold Sept. 28 to Michael and Lori Kosloske

9,786 sq. ft.; 5 bedrooms, 6 bathrooms, 1 half bathroom

Tampa, Villarreal De Avila: This Mediterranean-style mansion was built in 1999 on nearly 3 acres of lakefront at Avila, one of Tampa's poshest country clubs. Its ornate three-floor foyer opens into nearly 10,000 square feet of palatial living, with upstairs lofts, oversized closets and a lanai summer kitchen. The buyers are the founder and a chief officer of Health Insurance Innovations, a Tampa provider of Web-based individual health insurance plans that went public in December with plans to raise up to $86 million.

Amenities: Multitiered luxury home theater, wood-paneled library with fireplace, guest cabana

$3.5 million

Sold June 11 to Yosef Rotman

7,501 sq. ft.; 4 bedrooms, 5 bathrooms, 1 half bathroom

Belleair Bluffs, Harbor View Lane: This English country-style manse, with an eye toward the Belleair Causeway, sold for $1 million less than it was listed for in 2010. But don't doubt its extravagance. About 3,500 square feet of marble buffers the vanishing-edge pool, spa and fountains. The two-floor open living room is lined with granite and hardwood. And a gourmet kitchen boasts three pantries, a refreshment bar and a kitchen office. For those who opt for function over form, there are special filtration systems for the water and air, a lightning-protection system and a 100-kilowatt generator keeping the lights on in case the power goes out.

Amenities: Lightning-protection system, rose garden, backup generator

$3.4 million

Sold June 28 to Vincent Jackson

9,533 sq. ft.; 7 bedrooms, 7 bathrooms, 2 half bathrooms

Tampa, Exmoor Street, Palma Ceia Golf and Country Club: Tampa Bay Buccaneers receiver Vincent Jackson bought this 1924 estate off the greens of the Palma Ceia golf course a few months after the 29-year-old signed a five-year, $55 million deal. With it, he got a spacious playroom with multiple closets, custom stonework and woodwork, and a four-car garage.

Amenities: Caterer's kitchen, housewide intercom system, four-car garage

$3.4 million

Sold May 10 to Hillswater Holdings LLC

Basics: 6,763 sq. ft.; 6 bedrooms, 6 bathrooms, 2 half bathrooms

Tampa, The Riviera Street, Beach Park: Named Villa Terracina after an Italian resort, this 1925 home fronts an inlet of Old Tampa Bay just south of WestShore Plaza. But it's hard to know who is enjoying its stone fountains and towered master suite: The company that bought it was incorporated by registering agents in Miami, and its only officer is a management firm in the capital of the British Virgin Islands.

Amenities: Restaurant-style kitchen, boathouse, great room with century-old ceiling beams

$3.4 million

Sold Dec. 13 to James and Teresa Gail Norman

5,676 sq. ft.; 4 bedrooms, 3 bathrooms, 1 half bathroom

Davis Islands, Tampa, Ladoga Avenue: This 1954 home sits on 27,000 square feet in Davis Islands, with a back yard, gazebo and pool on the Currituck Channel. But the couple who bought it, a Tampa General Hospital senior surgeon and his wife, plan to rip the home down and build anew. The home was last sold in 1974 to Tampa eye surgeon Dr. Raymond Agia and his wife, Susan, for only $93,500. For those keeping track at home, that's 36 times smaller than the latest sale.

Amenities: Guest house with rec room, 9- to 16-foot ceilings, half a football field of open bayfront

$3.3 million

Sold Oct. 26 to Brad and Monica Culpepper

6,109 sq. ft.; 6 bedrooms, 7 bathrooms, 1 half bathroom

Davis Islands, Tampa, Bahama Circle: The last of three Davis Islands digs to pad out our list, this 2004 home was bought by Buccaneer-turned-personal injury attorney Brad Culpepper and his wife, Monica, who competed last year on Survivor: One World. Out front, a remote-controlled gate opens into a porte cochere and grand marble foyer. Out back, a pool deck and balconies overlook Hillsborough Bay.

Amenities: Master's retreat with waterfront balcony, private boat lift, full gym

$3.3 million

Sold April 20 to Terry and Jennifer Bollea

5,400 sq. ft.; 5 bedrooms, 5 bathrooms, 2 half bathrooms

Clearwater Beach, Eldorado Avenue: Remember the Hulk, from home No. 1? This estate just south of Clearwater Beach's millionaire enclave of Mandalay Point is where he landed. Terry Bollea and his wife, Jennifer, may have moved from the largest home on this list to the smallest, but the place is still massive. The 1,000-square-foot "master retreat" boasts a gulffront terrace, luxury bathroom and morning bar, and the home is awash in granite, marble, cherry wood and Brazilian teak. Not bad for a downsize.

Amenities: 900-bottle wine cellar, elevator, 1,500 square feet of gulffront balconies and lanai

$3 million

Sold Aug. 30 to James and Johari Rollins

6,500 sq. ft.; 4 bedrooms, 4 bathrooms, 1 half bathroom

Culbreath Isles, Tampa, Saint Croix Drive: This South Tampa mansion was bought by James "Jimmy" Rollins, shortstop for the Philadelphia Phillies, which plays spring training games across the bay in Clearwater. Built in 2008, with 22-foot ceilings downstairs and 11-foot ceilings upstairs, it also features a library, a bayfront pool and, as a sales listing said, "all the over 3 million dollar bells and whistles."

Amenities: Butler's pantry with wet bar, two-floor formal living room, 22-foot ceilings

Drew Harwell can be reached at (727) 893-8252 or dharwell@tampabay.com.

 

[Last modified: Jan 05, 2013 03:31 AM]

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Copyright 2013 Tampa Bay Times

Too Few Homes

By Drew Harwell, Times Staff Writer
Drew HarwellTampa Bay Times In Print: Friday, August 17, 2012

…”In a housing market notorious for foreclosures and walk-aways, a surprising new truth has emerged: Too few desirable homes are for sale.

In June, Tampa Bay had a five month's supply of houses, townhouses and condos for sale, meaning it would take about five months to sell it all if nothing else came on the market.

In Hillsborough County, where supply topped two years in 2008, the number of for-sale homes has plunged to about three months, half the size of a healthy market.

Inventories across the country, steadily sliding since 2007, are now at a six-year low, National Association of Realtors data shows.

Supplies are particularly tight for low-cost homes and in high-demand neighborhoods.

Low inventory can lead to a seller's market, including higher prices. After years of sinking values, that's good news for sellers, some of whom have seen bidding wars…”

To read the article in its entirety, please visit http://www.tampabay.com/news/business/realestate/tampa-bay-housing-inventory-hitting-new-lows/1246229

 

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