My Gulf Coast Property Real Estate Blog

Tampa Bay Area Market Update June 2020

The Market is Hot!

For the Second Quarter of 2020, the average Continuous Days on Market (CDOM) for the greater Tampa Bay area was a very short 30 days. What that means is from the time the property was first listed to when it went under contract, was only 30 days.

For the Second Quarter, the Sale Price was a record high 99% of the current Listing Price in the Multiple Listing Service (MLS). This is a 10-year record high.

Area

CDOM

SP/LP Ratio

 Tampa Bay

30

99%

 Pinellas

21

98%

 Hillsborough

23

100%

 Pasco

25

99%

 Hernando

20

99%

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Work from Home Tips

Dedicated Office SpaceDedicated Office Space

Create a bright and welcoming work area to help stay focused. Having a designated space for your office will help jumpstart you into a work mentality and separate your business life from your personal life. Make sure to keep comfortable with a proper chair or standing desk to avoid back pain and ample light to prevent eye strain.

ScheduleSchedule

Take time to plan and schedule your day with designated work hours to stay on track. Making lists and time blocking can help focus your workday and get tasks done efficiently. It is easy to get side-tracked by household chores and personal to-do's while at home - but keeping to a routine or schedule can help create a productive workflow. Make sure to schedule dedicated breaks too!

Get DressedGet Dressed

Wearing pajamas to work can be nice - but taking the time to get dressed and ready before work can help motivate you and trigger you into a work mindset. Healthy routines and self-care can add that positive push you need to start your day and conquer work tasks. So wash...

Pre-Approved vs Pre-Qualified

Pre-Approved vs Pre-Qualitied - what the difference and why does it matter? In this short video, we will address this and other related issues that are important to home or condo buyers.

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Is Florida On Sale? (April 2020)

Want to know what is happening in the Pinellas beach area condo market in early 2020? What are the price trends? What is the market saying/

Watch this to find out.

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Saltaire Construction Underway April 2020

Saltaire Construction UpdateSome exciting news amidst these challenging times ... Saltaire has officially started construction! The wonderful developers at Kotler have announced breaking ground and reassured all employees are working in a safe environment.

This contemporary modern 35 story building is sure to turn heads as the second tallest building in Downtown St.Pete. Being beat only by the stunning ONE building - which was also developed by Kotler.

Like the ONE, the Saltaire tower plans to be an architectural beauty with modern clean lines and glass accents. There will be 35 floors of luxurious living with 192 private residences, impressive amenities deck, ground floor retail space and lavish common areas. This majestic tower will provide breathtaking views of the bustling city and the sparkling blue waters of the bay.

Saltaire's prime downtown waterfront location and unparalleled amenities make it a perfect home for those wanting to experience downtown living at its best. The project plans to be finished in 2022 but sales already have started.

Call one of our agents at 727-619-2799 about how you can get first access to a piece of downtown luxury. 

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Clearwater Beach Marina Area Things To Do

Clearwater Beach Marina AreaThe Clearwater Marina offers access to a variety of boating activities and is home to the finest fishing and charters, sightseeing boats, dinner cruises, dolphin tours, parasailing, and personal watercraft rentals.

It has a pizza shop and a couple of casual dining seafood places with outdoor seating, Crabby's Dockside and the Salt Cracker Fish Camp, which are both pet-friendly.

Yacht Starship is America's first three-diamond rated dining yacht. Currently, Star Ship IV sails out of the Clearwater Beach Marina. Their staff is super friendly, the food is great. They cap off their five-star service by giving a freshly baked cookie as people depart the ship. the Star Lite Majesty is also the other major dinner ship that sails out of the Clearwater Beach Marina.

Captain Memo is the iconic pirate ship you see sailing around Clearwater Beach. Enjoy pirate antics during a two-hour odyssey, including a treasure hunt, face painting, water gun games, stories, and dancing for all ages. The ship is staffed with a spirited crew of pirates. The cruise is about 30 to 40 dollars, and well worth it.

The Little Toot dolphin adventure cruises range from 60 to 90 minutes. You'll get up close and personal with Florida's most playful dolphins because of the way the boat is designed. Sea Screamer is a one-hour narrated speedboat adventure, touring celebrity mansions and historic landmarks on Clearwater's waterfront. They guarantee you'll see dolphins. There's one right there!

Now, if you'd like to see a celebrity dolphin, check out Winter, who starred...

A Birds Eye View of Clearwater Beach Pier 60

Aerial View of Pier 60 On Clearwater BeachPier 60 is the center of Clearwater Beach. Fishing is just part of the fun at Clearwater Beach's iconic pier and park.

There are water slides and trampolines, operated by Big Event Slides. It is about $30 for unlimited water slides per day.

Every evening, Sunsets at Pier 60 is a family-friendly street fair, with magicians, stilt walkers, break-dancers, and other street performers. It begins two hours before sunset. There are also crafters, potters, candle makers, jewelers, selling unique items. On some nights, bands perform, as well as an outdoor movie theater, all completely free.

Beach Walk is a $30 million dollar wide promenade, winding from the Opal Sands to Pier 60. It's great for walkers, bicyclists and rollerbladers.

Enjoy the sun and the surf and sand volleyball courts, where tournaments are regularly held.

Check Out The Video Below For A Guided Tour

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The Hidden Dangers of Florida's Ponds

Yes, the Florida ponds are beautiful, and it's tempting to want to take a stroll around the shoreline. But think twice before you do! Watch this video to discover the danger.

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Belle Harbor 521 Mandalay Ave Unit #508 MLS

Enjoy stunning views from this beautiful true 3 bed 2 bath condo. It sits on the 5th floor of Belle Harbor Condos - offering amazing water views of the Gulf & Intracoastal.

Enjoy boat & dolphin sightings by day & the gorgeous city lights at night. Walk into this open split floorplan, Delray model, to an elegant entry with crown molding & crystal chandelier. This 1,742 sqft condo offers upgraded appliances, countertops, cabinetry, flooring, & lighting.

Contact Cindy at 727-466-7344 For More Information or a Showing
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Belleview Biltmore Villas Oaks 150 Belleview Blvd #103

This newly remodeled condo is nestled in the Belleview Biltmore Country Club Community. Once you enter the guarded entrance, you are greeted with beautiful oak-lined roads. This active community is where everyone wants to live.

From the moment you enter this well-maintained building, it will feel like home. Gorgeous double door entrance to a completely renovated 3 bedroom 2 bath condo. The layout provides a lot of versatility. The third bedroom can be a den with a private office or can be a large bedroom with a separate sitting area.

Open gourmet kitchen with large prep island and breakfast bar. Cozy breakfast nook. Laundry room off the kitchen as well as a big walk-in pantry. Expansive windows throughout and an extremely large patio great for entertaining under the oaks.

Oversized master and 2nd bedroom have access to the amazing patio space as well. Just a short walk to the gorgeous water view that the Biltmore is known for. NEW: A/C, top of the line appliances, updated bathrooms and LED lighting. You should come to see this truly move-in ready condo in this amazing executive community.

Call Cindy at 727-466-7344 for questions or showings.

See the video tour below and current Listing Status below the video.

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Buyer's vs Seller's Title Insurance

In this video, Cindy Kisida with Coastal Properties Group International interviews Leah Negri of Platinum National Title. They discuss the difference in the policies and share what a real estate buyer really needs.

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Title Insurance - Why You Need To Keep Your Policy

Cindy Kisida from Coastal Properties Group interviews Leah Negri from Platinum National Title to help buyers understand why it is so important to keep your Title Insurance Policy in a safe place. Watch the video below, or read the transcript below.

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Who Are You Dealing With?

"Are you for real???"

Shady CharacterI get calls from worried family members about their relatives getting involved with scams in real estate. Please make sure you are dealing with licensed agents that have a license number that can be verified. You can use the Department of Business and Professional Regulation (DBPR) website to verify a Florida Real Estate License.

The call I got today was from a family member. Their father was looking at a very expensive condo in Downtown St. Petersburg Florida. The price of the condo was over $1 million. The selling “agent” told the buyer that if he would bring physical cash to the closings, he would get a discount on the price.

In closings, the title company or lawyer would not accept physical cash as a form of payment. You can wire the deposited funds for a closing. But you would never be asked to bring the actual cash to the closing and certainly not to the building to close.

Make sure you know who you are dealing with and the agent is looking after you and your money to get the transaction closed.

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Do condo minimum rental periods apply to family, friends, and guests?

Minimum Rental Period QuestionsBackground: I was talking to a customer this week and she said she wanted a condo with a 7-day minimum rental period. In talking to her about some of the specifics about what she wanted I discovered she wanted a condo that she could use herself, but also make available to family and friends. They couldn't stay for a full month so she didn't want a condo with a three-month or even a one-month minimum. The downside is a condo with a 7-day minimum rental is harder to find than one with a one-month or three-month minimum rental period. There are just less of them to choose from.

Answer: In most condos, the Minimum Rental Period applies to lease terms for paid renters. It does not apply to family and unpaid guests. (Check Condo Rules and Regulations before signing a contract). So we were able to find her a beautiful condo with a one-month minimum where she could still have family and friends visiting.

What questions do you have? Use the form below and we'll try to answer your question.

Call me at 727-466-7344 or use the contact form below if you have questions or if I can help in any way!

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I Think I Want An Investment Condo

If you are thinking about buying an investment condo, minimum rental period restrictions are definitely something to consider. Below are some guidelines to help you balance your interest in personal use of the condo vs. optimizing the investment potential.

Short Term Leases

Buying A Short Term vs. Longer Term CondoThere are different styles of rental condos out there. If you want a cash cow investment, you might want to consider purchasing a short-term rental condo with no minimum days required to stay. These types of condos will often stay full 80% of the time. But, this style of condo might not be the type of condo you would want to spend a lot of time in. There is usually a lot of activity around and a lot of in and out of the guests. Hard to get to know people consistently. 

I saw a condo this week that is at a condo-hotel. The room is a hotel room with approximately 300 sq. feet. There is no view but this condo stays rented 85% of the time and is in a hotel that is busy with conventions etc. Would you want to stay in a room with no view for a long period of time? Probably not. But this is a cash cow. These styles of condos are standard look in decor and no personalization of the decor.

One Month+

If you want a nice condo that you can enjoy during the year, maybe a condo that you rent seasonally, January-March and enjoy it yourself the rest of the time. This kind of condo you can decorate any way you like and get some great short term renters.These are usually more expensive condos but the steady...

Shower Heads - How Hard Are They To Replace?

We actually get asked this a lot by condo and home buyers. So we made a real-time video with the help of Slaughter Plumbing to show you exactly what is involved.

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Harbour The Condo 1581 Gulf Boulevard #502N

Harbour The CondoThis condo is located in a gorgeous waterfront building in the heart of Sand Key. Clearwater Harbour is your back door neighbor, and Sand Key Beach just steps away!

This large spacious condo has an open kitchen to the Living Room with new laminate flooring. The kitchen is updated, light and bright. Lots of extra counter space and even room for a kitchen table. The Living Room and Master Bedroom both open out to a large balcony with views of the Gulf.

There are large closets in the bedrooms and extra cage storage just steps down the walkway. Enjoy the convenience of a washer and dryer right in the condo.

Enjoy wonderful Gulf breezes as you sit on the balcony There is beach access right across the street just steps away. Enjoy a cup of hot steaming coffee as you watch the sunrise or a cocktail as you gaze at the sunset from your private balcony.

Harbour The Condo is pet-friendly and close to the beach and Sand Key Park. The Shoppes on Sand Key is close by with several great local restaurants and boutique shops.

Check out the video tour and the current listing status below.

Video Tour of 1581 Gulf Boulevard #502N

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