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Showing posts from 2007

Tampa Developers Build On Optimism

Dear Readers, As anyone will tell you, the past year or two has not been the best for real estate, to say the least. However, it is not all doom and gloom here in the current real estate market. As this article explains, many of Tampa’s most respected developers remain so confident the market will rebound that they are continuing to invest their money in the construction of new homes. It is encouraging to see such seasoned and knowledgeable entities continue to put their faith in our market. It is important to remember that there is still opportunity in a down market. These developers are a perfect example of that. By taking advantage of the characteristics of our current market, they plan on turning a negative market into a positive pay-off. They understand that the Tampa Bay area has always been a dynamic market with a history of resiliency and continuity, and that despite the overall pessimism, there is still plenty of room for success. Best Regards, The SI Team

Tampa Real Estate Market Resistant To Undervaluation

Hello Readers, With so many price changes in so many different markets across the country, it can be difficult to know if today's real estate is accurately priced. As this article states, the Tampa Bay area is one of the few regions in the US that has not fallen victim to price drops that result in undervalued properties. This is great news for those who have been concerned about continued volatility in pricing. This is an indicator that the Tampa Bay real estate market is finally achieving stability, which is more than most markets can say. Tampa's stability (in an unstable market as a whole) translates to desirability for buyers and sellers alike. Transactions can be undertaken without the fear of unpredictable price fluctuations, making investors jittery. This environment facilitates the flow of commerce by removing second guessing and speculation from the equation. Tampa Bay real estate participants can be thankful for this silver lining on what has proven to be a rather la...

Encouraging Outlook For Bay Area Real Estate

Dear Readers, While the market seems to be ranging anywhere from challenging to depressed in many regions nationally, the Tampa Bay Real Estate market continues to get positive outlook about its future. With all of the negativity that has swirled around the real estate market, it is important to remember that unlike the old adage “what goes up must come down”, is the flip side: What goes down must go up. Just like every other business cycle, as time goes by, the real estate market appears as a series of peaks and valleys. It is no secret that we have been experiencing one of these valleys. But as time has taught us, the market will rebound, and it is important for us not to forget that fact, or it will be easy to miss out on wonderful opportunities. The buyer’s market that we are presently experiencing will soon be realized by many investors, making it an absolute necessity for savvy individuals to get in on the ground floor while the getting is good. The Tampa market is a great place ...

Tampa's Westshore to Gain Sought-After Residential Component

TAMPA, Fla., Aug. 23 /PRNewswire/ -- Representatives from Phillips Development & Realty, LLC (PDR) announced today the closing of construction financing of Le Jardin, a 401-unit, Class A apartment community in Tampa's desirable Westshore business district. The $69 million financing deal is the second largest in PDR's history. Le Jardin is the company's most fiscally significant project in the Tampa market to date and is proving to be PDR's largest development ever based on number of units per single phase. The community will bring upscale, conveniently located dwellings to a prestigious area which previously lacked a residential component. "Every project site we choose is carefully considered to achieve the best possible outcome for residents and investors," said Donald Phillips, Managing Director for PDR. "We are especially proud to begin Le Jardin since it's an opportunity to invest in our own community." Senior contributing lende...

Tampa Real Estate Market Noted in Forbes to Bounce Back Fastest

Where will real estate bounce back fastest? Prices have hit bottom in some cities and are heading back up, but recovery rates vary. Here are the places with the best prospects. By Matt Woolsey, Forbes.com When it comes to real estate, the questions on everyone's lips are: How low is low, and when's the perfect time to buy back in? That moment has passed in Seattle and in Charlotte, N.C. Both metro areas hit bottom in the first quarter of 2006 and have since posted price gains of 12.3% and 6.3%, respectively, according to National Association of Realtors (NAR) data. Ripe for investment? Philadelphia and New Orleans. Based on housing inventory and local economic conditions, both should hit price troughs by year's end and bounce back with moderate gains of around 4% in 2008. In markets expected to recover more slowly, such as Boston and Denver, low buyer confidence coupled with a surplus of housing stock has lengthened the slump. NAR chief economist Lawrence Yun points out tha...

High Rise, High Life - Tampa's Rising Skyline

  We are going up!  Up into high rise condos!  If you drive into down town Tampa these days things are looking a little different. South Tampa’s real estate is creating a classic and chic architectural skyline due to the prominently designed buildings that are developing in South Tampa, specifically downtown Tampa and Channelside. Many are ready to be occupied and many are still to come. When all is said and done, Tampa is going to be one chic, contemporary city.  It is the desired Urban Experience that is bringing in folks from the suburbs to live, work and play in the same district.  There is no doubt that South Tampa real estate is moving on up. The Place at Channelside, Grand Central at Kennedy, The Ventana, Residences at Franklin, The Slade, SkyPoint, and ParkCrest at Harbour Island are only a small handful of the buzz worthy condominiums ready to make a name for themselves in this high end Tampa neighborhood. There is no doubt that down t...

News regarding property taxes in Florida!

I have some great news regarding property taxes in Florida! Apparently there have been some verbal negotiations between house and senate leaders that gives them an outline for a more comprehensive plan to be completed at the special session this month. Mark Rubio the House Speaker and Ken Pruitt the Senate President agreed to a basic outline that would address long term and short term needs. This topic is in flux and it is a complicated one - I'm trying to make sense of it. Short Term Solution From what I understand the short term solution will cut taxes county by county (and municipality by municipality) commensurate with how much they increased over the last several years. Counties that had gigantic increases will have larger cuts, and counties that didn't increase taxes as much will have smaller cuts. Long Term Solution This piece really excites me. It will be a tiered super exemption. The first $100,000 will be 70% exempt, the next $100,000 will be 50% exempt ...

REALTOR® Magazine-Daily News-Tax Savings Helps Condos Sell In Slow Markets

Some cities, mostly in places where the market has slowed significantly in the last year, are offering incentives in the form of tax abatements to help developers unload slow-selling condominiums. Read more by clicking the link below... REALTOR® Magazine-Daily News-Tax Savings Helps Condos Sell In Slow Markets

Stunning South Tampa Dream Home for Sale!

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Walk in and feel at home in this Stunning South Tampa Dream Home! Mediterranean style architecture, details & upgrades throughout. Cherry hardwood floors, granite counter tops, open kitchen design and extremely large living room ~ great for entertaining! Large master suite features walk in closet, bonus room / den, huge patio overlooking pool. Spacious master bath with lovely his and hers sinks, garden tub and water closet. This home will leave you in awe, a must see! For additional details click here .

Channelside - Luxury Urban Real Estate

The up and coming Channelside district is The Prime South Tampa real estate location, offering exciting urban condo style living. Channelside in South Tampa is located with in blocks of lively entertainment, Tampa ’s beautiful Bay, and the ever growing downtown. This is the spot for contemporary urban South Tampa condo’s, sales and rentals. Far from the ordinary . Channelside is the place to be for real estate in Tampa , FL. Along with new fresh and exciting South Tampa condos this area exudes trendy restaurants, happening hot spots, and an extensive growing business district. Channelside in Tampa , FL is becoming the new way to live, work, and play in the Tampa Bay area. Channelside is minutes from the Westshore business district, a small walk to downtown Tampa , and a quaint trolley ride to Historic Ybor City . Channelside in Tampa , FL is the leading location for desirable South Tampa condos designed for families, individuals, and today’s modern business professionals.

Channelside / Downtown District / South Tampa Florida

Downtown Tampa consists of 220 blocks with $813,000,000 of development currently under construction and $2,200,000,000 proposed development. ( Tampa Downtown Partnership) Average residential unit sale price: $405.00 per square foot. ( Tampa Downtown Partnership) The St. Pete Times Forum in Downtown Tampa is the number one venue in North America for ticket sales, hosting an array of concerts, events, and family shows. (Pollstar Magazine) The Center for Performing Arts is the fifth in the world for ticket sales and second in the world for ticket revenue. ( Center for Performing Arts) More about ChannelSide

Grand Central Channelside is NOT the suburbs!

It is, however, Downtown residences with unexpected amenities. Homes within a few blocks of Downtown Tampa that you own, not rent. It is an urban neighborhood concept contained in one city block with incredible views of Downtown and the emerging Channel District. It is exciting! It is different! It is nowhere near the suburbs... Grand Central at Kennedy is a new place for you to live offering you a new way to live.

Tampa Bay, Florida Facts

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Ninth in the nation as one of “ America ’s Hottest Cities” ( Expansion Management Magazine,) Physical environment that cannot be topped: miles of blue water ways and sugar white shorelines, brilliant sunlit skies and a perfect average annual temperature of 72 degrees Ranked # 12 of the 20 Best Places to Live and Work in America , based on lifestyle, cost of living, industries, unemployment rate, health care system, education, recreation and the arts.( Employment Review and BestJobsUSA.com) Tampa is located on Florida ’s West Coast. Tampa/Hillsborough County is one of the fastest growing areas of the US .

Cordoba Beach Park Westshore

Premium Real Estate in South Tampa. European elegance ! Live at Cordoba in the heart of Tampa. Airport is only 5 minutes, International Mall - 5 minutes. Downtown 5 minutes. St. Pete Beach - 13 miles. Hyde Park and SOHO - Less than 5 minutes. Westshore mall is walking, jogging or biking distance. Prime South Tampa Real Estate for rent.... A posh condo community. Cordoba Beach Park Condos Rentals available ! Live in South Tampa..

Luxury Condominiums for the Business Professional in South Tampa, Florida

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Spoil Yourself. Amid the whimsical arbors, landscaped courtyards, and trickling water fountains, you’ll find that living at Cordoba is unlike anything you’ve ever experienced. Inspired from the pristine coastal cities of southern Spain , comes south Tampa ’s most coveted luxury condominium community. Escape to Cordoba and cross over into a world that yields to no one but you. Cordoba Beach Park • 1, 2, & 3-bedroom Town home Condominiums • Private Attached Garages • Beautiful Wood & Tile Flooring • Large Garden Tubs • Spacious Walk-in Closets • Cherry Cabinets • Voluminous 9-1/2 foot Ceilings • Resort-style Pool • Enchanting Courtyards with Fountains • Elegant Brick Pavers throughout community • Resident Clubhouse Contact us for Showings & Info about this property. Call us at 813-631-5144 to speak to one of our professionals, or email us at Rentals@Saadi-Investments.com about this property.