You are currently browsing the monthly archive for August 2008.

TAMPA – Two housing reports Tuesday offered more hope that a turnaround in the real estate market may be slowly emerging.

The Standard & Poor’s/ Case-Shiller home price index released Tuesday shows the rate at which Tampa-area prices are falling has leveled off. Prices fell 20.1 percent in June from a year ago, almost identical to the 20.2 percent decline in May and 20.4 percent drop in April. read more

TIERRA VERDE, FL – Jack Parker concedes he and his island neighbors would rather not be in this fight.

But as St. Petersburg moves to annex a piece of their island community, opening the door to plans for a high-rise resort, Parker and the Tierra Verde Community Association are gathering forces.

Their strategy: incorporate Tierra Verde as an independent town, the 25th municipality in Pinellas. Only three other counties among Florida’s 67 counties have more – Palm Beach, Miami-Dade and Broward. Hillsborough, four times the area of Pinellas, has just three.  read more

The market for the average priced U.S. residence may be soft, but the über rich (especially the Russians) continue to drive prices up at the very top of the world’s luxury market.  Case in point — Villa Léopolda, one of the most historic estates on the French Côte d’Azur, is now under contract by an anonymous Russian billionaire for $750 million (€500m).  This three-quarters-of-a-billion dollar sales price sets a new record for the most expensive home sale in the world. The previous record was set earlier this year by Indian billionaire Lakshmi Mittal, with the reported purchase of a London home for his son for an estimated $236 million. 

“While the French Villa is a fabulous property, this sale does put into perspective the value U.S. properties represent,” said Michael Valdes, a luxury home expert with Keller Williams Realty in Tampa, FL. “The most expensive residence on the market locally is listed for just $25,000,000. A masterpiece of architectural design and timeless elegance, this magnificent gated estate is situated on over five acres overlooking golf course, pond and conservation within Avila, Tampa Bay’s premier private gated country club community. Encompassing over 28,000 square feet of beautifully designed air conditioned space, this compound with attached guest quarters features 10 bedrooms, 10 full and 3 half baths, ballroom, richly paneled library, 14 fireplaces, elevator, wine room, pool and spa with cabana, basketball court, terraces and balconies.”

Villa Léopolda, a cream-colored, turreted mansion with two guest houses, is midway between Monaco and Nice overlooking Cap Ferrat, near Villefranche-sur-Mer.  The villa was originally built about 1902 by King Leopold II of Belgium. The grounds are regarded as among the most spectacular on the Côte d’Azur.  Fifty full-time gardeners look after 20 acres of gardens and terraces, planted with 1,200 olive, orange, lemon and cypress trees.

The property’s new owner is said to be a Russian oil oligarch but not – despite initial rumors – Roman Abramovich, the highly visible owner of Chelsea Football Club, who already owns a €100m mansion near Antibes.

According to the Nice-Matin newspaper, a contract was signed last week to transfer ownership of the villa from Lily Safra, the widow of Edmond Safra, a murdered banking billionaire.  Rumor has it that Mrs. Safra held out for months as the persistent mystery buyer kept raising his offering price.  The paper also reported that 60 villas or mansions on Cap Ferrat are now owned by wealthy Russians.  

The property has a unique history.  In 1916, King Leopold’s nephew and heir, King Albert I, turned the villa into a hospital for officers wounded during the First World War. It later passed into the hands of the Agnelli family – Fiat automotive tycoons — and became the scene in the 1960s for legendary jet-set parties attended by Frank Sinatra, Ronald Reagan (in his acting days) and other celebrities.

“This sale raises the bar and makes the half dozen or so $100 million U.S. properties on the market seem like bargains,” said Laurie Moore-Moore, Founder of The Institute for Luxury Home Marketing, a US-based organization which trains real estate agents who work in the luxury market and awards the international Certified Luxury Home Marketing Specialist designation.  “Today’s affluent are citizens of the world and the successful luxury agent must know how to reach them and what lifestyles they are seeking. It’s an exciting and active market for agents at the top.”

TAMPA – As Florida’s coffers shrink in the face of a dour economy, confusion over a tax statute threatens to choke the flow of home sales at a time when the state is struggling under the burden of millions of unsold properties. The problematic statute mandates how much tax people pay when they sell a house.

In typical transactions, the law is clear about paying taxes on the price of the property, but as lenders agree to more short sales – allowing troubled owners to sell homes for less than the mortgage and writing off the rest – there’s disagreement over how much tax to charge.  read more

The popular notion is that Florida’s insurance market is dominated by the likes of State Farm, Allstate and Nationwide as well as Citizens Property Insurance, the state-run insurer.

But in reality, these big companies don’t have the lion’s share any more. More than half of the homeowners policies in this market are written by smaller Florida-based or regional insurers.   read more

WASHINGTON – Aug. 1, 2008 – Tell first-time homebuyers it’s time to commit: A provision of the recently-passed federal housing recovery bill gives first-time buyers an interest-free loan of up to $7,500 in the form of an income tax credit.

The credit equals 10 percent of a home’s cost up to $7,500, and applies to any single-family residence (including condos and co-ops) to be used as a buyer’s principal residence. read more

RSS Tampa FL Homes for Sale

  • Place At Channelside - MLS# T2894083 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:35 pmProvided courtesy of Marvin Meeks of Keller Williams Tampa CentralThe Place @ Channelside junior 2 bedroom/2 bath on 7th floor facing west over 12th St. This unit features wood floors throughout entry,dining,kitchen and living areas, modern cabinetry with 2 pantries, granite counter tops, and stainless appliances. The […]
  • Stonelake Ranch Ph 02 - MLS# T2894378 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:34 pmProvided courtesy of Virginia Arnold of Keller Williams Tampa CentralDEVELOPER LOT 39. Build the home of your dreams in Stonelake Ranch. Featuring an expansive vista toward Lake Thonotosassa that overlooks wetlands and cypress trees. The upland buffers and conservation areas make for nature’s most impressive views. S […]
  • Harbour House Condo - MLS# T2894544 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of Angela Guagliardo of Keller Williams Tampa CentralEnjoy the Beautiful Bayshore life style from the top floor of the elegant Harbour House Condominium located at Bayshore Blvd and Howard Ave. Walking distance to SOHO dining and entertainment or a stroll along the waterfront. The contemporary floor p […]
  • Brandon Hills Sub - MLS# T2894552 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of William Lolly of Keller Williams Tampa CentralThis beautifully updated tri-level home is nestled in the highly sought after neighborhood of Brandon Hills. The home features 4 bedrooms, 3 bathrooms, 2,062 SqFt, tile floors throughout the main floor and bathrooms, carpet in all the bedrooms, and a la […]
  • Seven Oaks Prcl S-4A S-4B S-5B - MLS# T2894502 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of John Barbato of Keller Williams Tampa CentralNestled behind the gates within the beautiful Seven Oaks community awaits your stunning new home! The home boasts an abundance of space, including 5 bedrooms, 3 full bathrooms, and a 3 car garage. Walk in and be awed by the beautiful entry way with its t […]
  • Belvedere Place - MLS# T2894305 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of Linda Leban of Keller Williams Tampa CentralBeautifully renovated 3 bedroom 2.5 bath bungalow with an office! Brand new features include kitchen, stainless appliances, bathrooms, flooring, electrical, plumbing, lighting, fans, blinds, paint exterior and interior, roof, ac, landscaping, doors, fixtu […]
  • Sterling Ranch - MLS# T2894035 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of Steven Blinder of Keller Williams Tampa CentralThis beautiful, split-bedroom plan, freshly painted 3/2 is located on a cul-de-sac in Sterling Ranch. Your new home features a very comfortable great room that opens to a screened lanai which is perfect for entertaining or just a great place to enjoy a […]
  • Port Tampa City Map - MLS# T2894098 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of William Murray of Keller Williams Tampa CentralUNDER CONSTRUCTION - AVAILABLE NOVEMBER 2017 - Fabulous open floor plan that includes Luxury vinyl plank flooring, Moen plumbing fixtures, Kwikset brushed nickel hardware, brushed nickel vanity, dining room and pendant lights, 42" upper cabinets, […]
  • Cypress Creek Ph 03 - MLS# T2894042 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of Joseph Kozlar of Keller Williams Tampa CentralCUSTOM BUILT EXECUTIVE HOME IN COVETED CYPRESS CREEK!! This amazing 4 bed/2.1 Bath/2 car Executive home boasts INCREDIBLE UPDATES throughout! You are welcomed into a majestic living room/dining room open floor plan with HIGH VOLUME CEILINGS. Chef inspir […]
  • North Street Condo - MLS# T2888236 July 25, 2017
    Last Update: Tue, Jul 25th 2017 12:31 pmProvided courtesy of Matthew Cooper LLC of Keller Williams Tampa CentralMove in Ready! This three bedroom, two and a half bath Mediterranean townhome is all ready for it's new owners. Featuring double crown molding wrapped around the high ceilings and natural light bouncing through out the two upper floors. The fi […]
  • Center Hill - MLS# T2886176 July 24, 2017
    Last Update: Mon, Jul 24th 2017 12:31 pmProvided courtesy of Carey Lewis of Keller Williams Tampa CentralMature trees and brick paved streets lead you to this SUPREME 1926 Bungalow perched on a stately corner lot in the highly sought after HISTORIC DISTRICT of Old Seminole Heights. Freshly restored, this beauty has the history and charm everyone loves about […]
  • West Park Estates - MLS# T2886154 July 24, 2017
    Last Update: Mon, Jul 24th 2017 12:31 pmProvided courtesy of Linda Leban of Keller Williams Tampa CentralMove In Ready 3 bedroom 2 bath home. Features include brand new AC just installed, an updated kitchen with granite, 42" cabinets, and a huge island. Enormous master shower with two shower heads. Mast bathroom includes a large updated vanity with gran […]
  • Covington Park Ph 5B - MLS# T2890914 July 24, 2017
    Last Update: Mon, Jul 24th 2017 2:17 amProvided courtesy of Heather Valentino of Keller Williams Tampa CentralThis beautiful 3 bedroom, 2 bathroom, 3 car garage is located on a nice quiet cul de sac in Covington Park. The wide open floor plan includes a gourmet kitchen with a center island, breakfast bar, and solid surface counter tops, a formal dining room, […]
  • Edison Park - MLS# T2878928 July 24, 2017
    Last Update: Mon, Jul 24th 2017 2:17 amProvided courtesy of Thomas May of Keller Williams Tampa CentralBEAUTIFUL HYDE PARK 3 BEDROOM, 2 1/2 BATH TOWNHOME IN GATED COMMUNITY. PRIVATE END UNIT WITH SIDE AND BACK YARD, GOURMET KITCHEN, GRANITE COUNTER TOPS, MABLE CABINETS, TOP OF THE LINE APPLIANCES, LARGE MASTER SUITE, 2CAR GARAGE. OVER 1500SF, WALK TO BAYSHOR […]
  • Oakellar - MLS# T2893572 July 24, 2017
    Last Update: Mon, Jul 24th 2017 2:10 amProvided courtesy of Randy PA of Keller Williams Tampa Central***Location, Location, Location*** South Tampa is one of the most sought-after areas in all of Tampa Bay. This 2002 custom built home is ideal for entertaining from the open kitchen, 10 ft. ceilings, and covered in-ground heated pool. The property features tw […]
  • Nebraska Ave Heights - MLS# T2879061 July 24, 2017
    Last Update: Mon, Jul 24th 2017 2:09 amProvided courtesy of William Lolly of Keller Williams Tampa CentralYou would not believe that this beautifully updated move in ready 3 bedroom pool home could cost under $150,000 until now! Don’t miss out on this rare find! The home features an open floor plan between the kitchen and living areas with vaulted ceilings […]
  • Fishhawk Ranch Ph 02 - MLS# T2879579 July 24, 2017
    Last Update: Mon, Jul 24th 2017 2:09 amProvided courtesy of Michael Valdes of Keller Williams Tampa CentralFantastic opportunity to live in FishHawk Ranch! This 3 bed 2 bath home with 2 car garage is nestled in one of the best places for an active lifestyle. The front entry opens into the bright and airy living spaces that are accented by vaulted ceilings. T […]
  • Lakewood Gardens - MLS# T2893417 July 23, 2017
    Last Update: Sun, Jul 23rd 2017 6:27 amProvided courtesy of Michael Notbohm of Keller Williams Tampa CentralRecently updated two story townhouse located in a well established neighborhood in the heart of Carrollwood. A large open living room featuring a wood burning fireplace downstairs along with a large dining room, kitchen, laundry room, half bath, and a […]
  • Monte Carlo Towers - MLS# T2891079 July 23, 2017
    Last Update: Sun, Jul 23rd 2017 2:06 amProvided courtesy of Angela Guagliardo of Keller Williams Tampa CentralWonderful Bayshore condo with direct view of the Bay toward Davis Islands. Offers spacious living plus 2 separate storage areas. (one on 6th floor, one on lobby level) Amenities include 24 hr security, guest suites, tennis courts, pool, fitness, libr […]
  • Belvedere Park - MLS# T2854479 July 23, 2017
    Last Update: Sun, Jul 23rd 2017 2:04 amProvided courtesy of Kella McCaskill of Keller Williams Tampa CentralThis is likely a tear down! The seller is motivated! Ideal location for a town-home project.Are you an investor looking to purchase and or Develop near International Plaza? You have found the best location for a new beginning! Property Features: Immedi […]