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Banyan Bay – St Petersburg

Banyan Bay St Petersburg

Banyan Bay St Petersburg

Notes from Rob

I remember when the real estate market was red hot in 2004 and D.R. Horton bought the land that had once been part of the Rutland Estate and set out to build a small community of 54 townhouses. With prices ranging from $400,000 to $800,000, the entire community sold out before the first unit was completed. That was back in the day of 100% financing and buyers/investors Read the rest of this entry »

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Banyan Bay in St Petersburg is on the upswing.

Banyan Bay

Notes from Rob:

Rob’s Sale #14 – Banyan Bay in St Petersburg.

For the second time in the past year I sold a home to the parents of someone I recently sold a home to. It is always nice when a clients refers you to a friend, and an even better compliment when they recommend you to their family.  Banyan Bay has been an interesting story.  I remember visiting the development when they were building it and was amazed at the prices they were asking ($500,000 to $900,000).  They were all sold (many to investors) and the developer did well.  Then of course the market changed and the next thing you know we have a bunch of short sales and bank-owned properties.  When I showed some units last year, there were 13 on the market.  Luckily, the banks lowered the prices to today’s market reality and there are only two left on the market today.  Our clients have bought three units in Banyan Bay this year and all are very happy and love the community.

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