Friday, March 18, 2016

From Beach Shacks to High End Mansions

The norm on our local beaches has become small family cottages giving way to high-end homes. Real estate sellers and developers see this trend continuing with quaint homes along the beach coming to an end as more and more multi-million dollar homes are replacing them.

According to Developer Peter Donnantuoni, new construction was dormant for about 10 years following the market crash of 2006. However, coming out of the recession, expensive homes are going up all over.

Many of the existing homes in this area are showing signs of age with older designs and finishes. Baby boomers who have worked hard are now comfortable spending big bucks on modern new homes. They want to enjoy what they have earned.  While the cost of high end Gulf beach homes can range from $3-$5M, they are still a bargain compared to those south of the area. Pinellas County is going through a renaissance of sorts where everybody wants to move here.  Investments in beachfront property are trending since the value of the land is what's driving the price of expensive homes.

Vacant lots are harder and harder to come by.  A 60 foot lot in Redington Beach recently sold for $1.7 million dollars.  Modest homes are getting sold and knocked down as they become obsolete.  The house ages but the lots are appreciating assests. Builders and realtors believe that more and more high end homes will be built along the beach with smaller ones being cleared away to make room.

In the words of a local agent, "Even though it is cheaper to buy on the Pinellas beaches than it is to buy south of here, it won't last forever.  We were the best kept secret but that is over.  Values will increase and so will the demand."

If you are ready to own your piece of sand, call Stephanie and Keyvan today at Kohan & Associates.  We can be reached 7 days a week at 727-565-1658.

Tuesday, March 15, 2016

Feeling lucky?

St.Patrick's Day is only days away and it's time to celebrate!  Tampa Bay has a multitude of options to choose from.  Give me a call (727-565-1658) and let me know if you will be at any of the following events:

Mayor's River O'Green Fest
Saturday, March 19, 2016
11:00 AM to 4:00 PM
Curtis Hixon Waterfront Park
600 N Ashley Drive Tampa

Tampa's official Saint Patrick's Day party is centered around the Hillsborough River which will be tinted bright green for the occasion.  Celebrants can also expect live entertainment, games, kids activities, local restaurants and beer.  Free for the entire family including Fido!

MacDinton's Soho St. Patrick's Day
Thursday, March 17, 2016
11:00 AM to 10:00 PM
"The place to be seen in ur green"
St.Patrick's Day Party at MacDinton's Irish Pub to include a full Irish menu all day.  Irish dancers and bag pipers will entertain all day and night.  Live music inside and outside. No cover before 5 PM.

Paddyfest at Ferg's Live
Thursday, March 17, 2016
5:00 PM to 11:00 PM
Touted as the biggest and best party in the Bay, Paddyfest features three inside bars, two outside bars, five beer tents, and two stages.  Live entertainment, Giant Flip Cup Tournament, choreographed Irish Dancing and give aways!

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