My Gulf Coast Property Real Estate Blog

Just wanted to share a quick update on the Pendry Residences pre-construction condos in downtown Tampa. Below is the latest update I received from the developer.

"We anticipate completion 4thQ of 2025, deposit structure is as follows:

10% down at time of contract (15-day rescission period)

Developer requires an additional 20% by end of year and the balance will be due at closing."
Starting Price sheet attached.

HOA $1.12 per sq ft., fees cover:

 Management: Property Manager, Concierge (Beyond a front desk /
reception), Janitorial, Security, Bellman
 Valet
 Insurance
 Reserves
 General Maintenance / Grounds / Exterior
 Amenities, both hotel and residential
 Trash
 Pest Control
 Individual residence water, sewer, and gas

Morgan Preston
727-477-8739
Realtor
Brokered By eXP Realty
The My Florida Coastal Team

Just Listed!

You must see this gorgeous 3 bed (+office) 3 bath pool home in Mill Creek, Bradenton! Just built in 2005 and with only one owner - this home has been meticulously maintained. The 2,660+ sqft house sits on a fantastic oversized lot - just over 1/2 acre.  You'll find a wonderful solar heated pool enclosed in a screened lanai and still plenty of lush green space to enjoy in the backyard. 

Watch the video below, or read more below for a full description of this beautiful property. Or contact Morgan at 727-477-8739 for more details or to see another Bradenton home.

Pros Of Living In St Petersburg, Florida

Beautiful Beaches

St. Pete Beach was voted the #1 Beach in the US by TripAdvisor in 2021. It truly is a beautiful spot to soak up some fun in the sun. There are miles of soft white sand, surf shops, restaurants, watersports, and lodging along the beachfront. The historic pink Don Cesar Hotel is a great stop for a spa day or find Jimmy B’s Beach Bar for delicious drinks and live music. If St. Pete Beach is not for you - you can try one of our other wonderful beaches like Madeira, Clearwater, or Treasure Island which are just a short drive away.

Diversity

You can find all walks of life in St. Pete coming together to enjoy the gorgeous city. There are activities for all age groups and wonderful cultural events throughout the year. St. Pete’s Super Greek Festival, Latin Dance Classes on the Pier, and Reggae Rise Up Music Festival are just to name a few.

Convenient Central Location

St. Pete is a prime location with close access to some of Florida’s best attractions. Residents are just a quick drive to over 35miles of pristine beaches, and only about 1 ½ hour drive to Disney World and Universal Studios. Depending on the traffic of course. Tampa and Sarasota are only a 30-45 minute drive away as well. St. Pete is well connected with interstates and bridges making travel easier than imagined considering it is on a peninsula mostly surrounded by water.

No State Income Tax

Florida does not have pesky state income taxes to pay each year like most of the 50...

Just Listed!

Come visit this great 2 bed 2 bath first-floor condo in the fantastic community of Timberwoods in Seminole! This large 1250 sq. ft. corner unit has a spacious open floor plan, split bedrooms, in-unit laundry, and a wonderful sunroom overlooking mature trees and green space. The condo has been upgraded with a new hot water tank (2021) and a newer A/C (2018). There is wood-look laminate flooring throughout the main living space and bedrooms - and tile in the kitchen and bathrooms. This condo comes with an assigned covered carport directly next to the unit - but there are plenty of guest parking spaces available too. Easy access from the patio area also with no steps. There is a convenient storage closet by the carport and another in the sunroom. Perfect for beach chairs or holiday decor.

The monthly Condo fee of $669 includes water, sewer, trash, cable, internet, community reserves, exterior building insurance, and amenities maintenance. All ages and pets are welcome! Timberwoods is a Pet-friendly community allowing large dogs and has no age restrictions. It's located just a few blocks away from Seminole Lake Park and about a 15min drive to Madeira and Redington Beach. There are also great shopping centers,...

Everyone is wondering where the real estate market is heading! So we researched for you what some of the top economists we follow are saying.

Below are excerpts of their key predictions and thoughts.

You must see this great 2 bed 2 bath condo in the fantastic community of Timberwoods. Located in Seminole, FL - this 1250 sq. ft. condo has a spacious open floor plan, split bedrooms, in-unit laundry, and a Florida room overlooking lush green space. The property has been upgraded with impact-resistant windows, a UV disinfecting HVAC system, and a newer hot water tank. The carpet, laminate flooring, and kitchen appliances have all been updated since 2013 as well. A convenient electric lift chair has been installed to help residents reach the unit and bring up heavy groceries. This condo comes with an assigned covered carport but there are plenty of guest parking spaces available too.

Timberwoods is a Pet-friendly community allowing large dogs and has no age restrictions. It's located just a few blocks away from Seminole Lake Park and about a 15min drive to Madeira and Redington Beach. There are also great shopping centers, medical facilities, schools, and churches nearby too. The grounds are maintained beautifully and the condo buildings sit next to Lake Seminole Bypass Canal. Residents can enjoy fishing, kayaking, or a nice walk along the waterfront. Timberwoods also has a wonderful solar heated pool, tennis court, and a clubhouse with a pool table, library, and full kitchen for hosting parties.

You must see this gem of a condo before...

Our St Pete Beach real estate expert, Jami McAfee shares about her recent visit to the Grand Hacienda Restaurant St Pete Beach.

Jami McAfee shares her lunch experience at Buya Ramen Restaurant Downtown St Pete.

We've seen Mario's many times on our way to and from Madeira Beach. It had pretty good reviews, so we stopped in for dinner one night on our way to the beach.

We don’t really like being food critics but want to be candid about our experience, so here goes …

Is it a cozy little place with limited seating, warm and inviting. But, unfortunately, our meals were disappointing. The soup was pretty good, but the salad was nothing special. To us, the salad dressing was too strong with too much vinegar. The bread was okay but seemed more like a mass-produced bakery good than something made in-house. 

The main entrees were the biggest disappointment. I had spaghetti with marinara sauce and Italian sausage. Cindy had spaghetti carbonara. The Italian sausage was very bland and had almost no flavor. Cindy's carbonara was very runny and did not have a traditional rich cream and cheese sauce.

It may be too far to go if you're in Madeira, but we must prefer Caesars in Clearwater Beach or Forlini's in the heart of Clearwater Beach. 

I guess we'll have to try out some other talion places closer to Madeira Beach :-) 

Below are some images from our visit.

Looking to buy a condo or home in the beach area? Give us a call at 727-619-2799 or use the form below.

This alligator was spotted sunning on one of the ponds of Terrace Park At Five Towns.

We took this with a telephoto lens so the gator looks a bit scarier than he really was. The Florida Fish And Game commission is great about coming and getting any big alligators that would pose a significant threat.

See all the 55+ condos for sale at Five Towns in our 55+ section.

Need help? Contact a local expert at 727-619-2799 or use the form below :-)

We went to Rick's Reef Restaurant here in St Pete Beach Florida the other evening and I just wanted to share with you some scenes from the restaurant and why you might want to try this wonderful St Pete Beach restaurant!

Please give me a call at 727-291-4164 if I can answer any questions or help you with any of your real estate needs :-)

Jami

We caught this little guy via a long telephoto lens getting some sun at Terrace Park at Five Towns Condos in St Petersburg, FL. It is always amazing to see one of these out in nature.

We don't see many of these, and if they are large, the Fish & Game commission re-locates them to an environment that is safer for all of us :-)

Umami is one of our favorite restaurants in St Petersburg. You have your choice of wonderful fresh Sushi or Hibachi! As you'll see in the video, it is also an attractive and fun place to dine.

People often ask us to compare the markets compare for beachfront condos for sale in Florida.

So we pulled market numbers for beachfront condo sales for Florida Gulf Coast condos sold in 2021 for three popular markets: Clearwater Beach, St Pete Beach, Longboat Key, and Siesta Key. All of these areas have beautiful oceanfront condos for sale in Florida.

Below are the unit sales for beachfront condos in each market. As you can see on the top line of the graph, Longboat Key consistently has the most sales of beachfront condos for any beach in the nearby area.

Based on ten-year data, Longboat Key consistently had the highest number of beachfront condo sales followed by Siesta Key. Clearwater Beach and St Pete Beach were...

Harbour Island Penthouse condo overlooking the beautiful Downtown Tampa Channelside District.

Contact our Downtown Specialist if you are interested in living an active coastal lifestyle in one of our gorgeous cities!

Now Taking Contracts!

Downtown St. Pete is growing again! The Kotler group is building another beautiful highrise in downtown St. Pete. After their successful condo projects at ONE St.Petersburg and Saltaire - the dynamo development group is wasting no time adding to the downtown skyline. Art House is coming to 200 Central Avenue and is expected to be complete at the end of 2024.

The building will be 42-stories tall and have 244 luxurious residential condo units, along with ground-floor retail space. There will be two and three-bedroom condos ranging from 1,380 and 2,637 square feet and amazing amenities for its residents.

Art House is offering eight different floor plans with modern and open design concepts. All are complete with top-of-the-line appliances and floor-to-ceiling windows. The 9th floor “Cloud 9” amenities deck will help residents live the life of luxury with its resort-style pool and spa, state-of-the-art fitness center, yoga studio, gaming lounge, catering kitchen, and even a massage/spa room.

Condos in this highly anticipated building are now starting at $800K’s and are sure to get reserved up quickly. Art House is now accepting contracts and there is no time to waste if you want to get in this beautiful building at pre-construction pricing.

Reach out if you’d like more...

Overview

As was the case in a lot of our Gulf Coast markets, 2021 was a record-breaking year for St Pete Beach condo sales. There were 321 condo sales for St Pete beach in 2021 at an average price of over $470,000. This was the most active year in the last 10 years. Below is an overview of what we think are the important aspects of what happened in the St Pete Beach market. In our summary at the end, we also attempt to give you an idea of what this might mean to you as a condo buyer.

Number of Sales

There were a record-breaking 321 condo sales in St Pete Beach in 2021. This is 40% higher than the prior 9-year average of 228 condos sold per year. This is 15% higher than 2020 when 280 condos were so sold. There has been much discussion about the extremely low inventory of condos in our area which is absolutely true. But as you can see from the graph the low inventory is a function of extremely high buyer demand not lack of sellers.

Average Sale Price By Year

The average sale price for a condo on St Pete Beach has risen dramatically from about $266,000 in 2012 to over $470,000 in 2021. This represents over a 6% annual compounded increase in condo prices over the past 10 years. As you can see on the graph, recent increases in price are more dramatic than ever.
...

Overview

2021 was a record-breaking year for Clearwater beach condo sales. With 246 sales for an average price of over $800,000, this was the most active year in recent history. Below we go over some of the most important details of what happened in the Clearwater Beach market and attempt to give you an idea of what this might mean to you as a condo buyer. 

Number of Sales

There were an amazing 246 condo sales in Clearwater Beach in 2021. This is 50% higher than the 10-year average of 160 condos sold per year. The next highest sales year in recent history is back in 2017 when 188 condos were so sold. There has been much discussion about the extremely low inventory of condos in our area which is absolutely true. but as you can see from the graph the low inventory is a function of extremely high buyer demand not lack of sellers.

Average Sale Price By Year

The average sale price for a condo on Clearwater Beach has risen dramatically from about $400,000 in 2012 to over $800,000 in 2021. This represents over a 7% annual compounded increase in condo prices over the past 10 years. As you can see on the graph, recent increases in price are more dramatic than ever.

One of the implications of this dramatic rise in prices is that Competitive Market Assessments that base offers only on “comparable” sales are not really really good tools to make offers in this market. This kind of analysis points...