Team Celli Real Estate invites you to stay on top of the latest real estate and lifestyle news in the Tampa Bay area with this compilation of stories about new construction, major projects and eye-popping home sales. Let’s dig in!
This month’s top story:
If you’re considering moving and buying a home, you should know that Tampa Bay is still one of the least expensive places to buy a home. According to the online mortgage resource firm HSH.com, you need a salary of at least $55,104 to afford a median-priced home here costing $235,000.
For comparison, in one of the most expensive markets, San Diego, you’d need a salary of $254,835 to afford a median-priced home at $1.25 million.
Other highlights from this month:
- Of course, there are exceptions to that — including this $22 million listing being offered by the founder of Lazydays RV sales.
- The area is attracting a lot of attention from New York firms. Real estate behemoth Douglas Elliman recently purchased Bonnie Strickland Property Group. We’ve already seen the new signs popping up on their listings.
- St. Pete has approved a somewhat controversial 21-story apartment building near Mirror Lake. Critics worry it will replace the affordable housing that’s there now.
- Former WWE star Chris Jericho is the new owner of a $3.255 million lakefront home in Odessa.
- Downtowns aren’t the only ones experiencing a building boom. Here are four big projects going on in mid-Pinellas County that you might not know about.
- Over in Tampa, a massive project that includes housing, retail and office space is getting under way at Dale Mabry and I-275.
- A few years ago, Team Celli helped facilitate a big land sale in the EDGE district. Now, the apartments that were built there are ready to start leasing.
- Here’s a project to watch: An entire village of solar-powered homes is being built near Bradenton.
- Remember the guy who bought his wife a new $16.5 million beachfront home? He’s put his other two houses on the market for millions.
- A new 17-story hotel is being built in downtown Tampa.
- A surface parking lot at Fifth Street and First Avenue N in St. Pete could soon become the site of a tower that would house public parking, a boutique hotel, apartments, retail and office space.
- This is a must-read story about the battle in St. Pete over historic status for homes. It’s a conflict that’s only going to get more contentious.
- A small downtown St. Pete boutique condo project has been scrapped. BUT NOTE: We’re still selling Vela units, one of the most affordable projects in downtown right now.
- Entrepreneur Bill Edwards has sued a former employee and friend over his ties to the the Big Apple Investment Group, which has proposed a 50-story tower at Central and Fourth Street.
- A St. Pete native has bought the old Masonic Temple building near Park and Rec with an eye toward keeping the ‘burg’s funky vibe alive inside.
- Could the golf course at Bardmoor fall prey to redevelopment? Sure looks that way.
Check out other great insight on Tampa Bay, click here.