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Home Tours in St Petersburg

We’re starting to get phone calls asking about the holiday homes tours here in St Petersburg, so here’s the information for your calendar.

OLD NORTHEAST Candlelight Tour of Homes

Sunday, December 8 from 3 pm to 8 pm.  Tickets are $20 when purchased in advance and the proceeds are donated to charity. This will include a self-guided tour of 8 homes. A tour brochure will have a map and a detailed description of each home. There will be free shuttles throughout the tour time. Hospitality houses offer complimentary refreshments and the use of their restroom facilities. Watch a video of the Candlelight Tour of Homes and get more information on the Historic Old Northeast Neighborhood Association (HONNA) website.

SNELL ISLE Holiday Homes Tour

Saturday, December 7 from 10 am to 4 pm.  Advance tickets are $20 and will benefit The Florida Orchestra.    The tour will include 5 homes on Snell Isle, along Brightwaters Boulevard, Coffee Pot Riviera and Monterey Boulevard. A limited number of reservations are available for a wine tasting reception with hors d’oeuvres on December 6th. Get more information on the Snell Isle Holiday Homes Tour on the Florida Orchestra website.

If you like what you see and want to buy a home in the Old Northeast or Snell Isle, please contact Sharon, Tami or Rob with The Simms Team at ALVA International, Inc.  We’re at 238 Beach Drive NE, next to Tryst and across from the Museum of Fine Arts in downtown St Petersburg.

 

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Luxury Home Sales in St Petersburg, Tierra Verde and Belleair

In the last year, there have been three luxury home sales over $5 Million in St Petersburg, Tierra Verde and Belleair, all in Pinellas County, Florida.  This is just 3/100 of  1% of  all single family home sales in Pinellas County. No condos sold over $5 Million in the last twelve months in Pinellas County.

The most recent sale is a waterfront home in Belleaire that sold this week for $6.2 Million. This is Hulk Hogan’s home with 17,145 sq ft. It was listed in 2006 for $25 million.

In December 2011 a waterfront home in Tierra Verde sold for $5.5 Million. It had 8,105 sq ft.

The highest sale in the last year was on Snell Isle. With 12,411 sq ft, it sold for $9 Million.

Looking at all residential sales in Pinellas County over the last year:
15,294 properties sold
2/100 of 1% (3) sold for over $5 Million
9/10 of 1% (142) sold for over $1 Million
5% (759) sold for over $500,000.

All of these statistics are from the My Florida Regional MLS and therefore do not include any sales that did not use the MLS.

All 3 of these luxury home sales were waterfront properties. Two of them, the ones on Snell Isle and Tierra Verde, were built by Windstar Homes. All of them were on lots of 1 acre to 1.5 acres. All were purchased for cash.

If you’d like help buying or selling a luxury home or condo, please contact The Simms Team at ALVA International, Inc.  We’re a small boutique real estate company on Beach Drive in downtown St Petersburg.

 

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Consider downsizing now before you retire

Are you cliff living? Jeffrey Christakos uses this term when you stay in your big house waiting for retirement, then to change work, finances and home all at the same time.

Should you wait to downsize? Too many people compare today’s prices to those at the market high and hope that by waiting a few more years prices will return to that level. Not so fast. If the value has dropped 50%, it now has to increase 100% to get back to that level. There’s no guarantee how soon the economy will recover nor how long low interest rates will continue.

New homes being built are smaller than a few years ago. There’s been some cutback in the extent of luxury options.

Would you buy your current home today? That’s the magic question. If, due to family size, location, finances, changing interests, you wouldn’t – then consider right sizing now. It may also reduce your expenses, helping you transition to lower income when you retire or semi-retire. There are many options from a downtown St Petersburg condo to a waterfront home, from Snell Isle to Costa Rica.

If you aren’t ready to move, you may want to consider buying your retirement home today while prices are low and renting it out in the meantime.

Want to talk abut these options? Call the Simms Team at 727-898-2582 or email us.

 

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Recent $5,600,000 Tampa sale still doesn’t match Pinellas County

A near-record sale just closed in Tampa when Joel Glazer, Executive Vice President of the Tampa Bay Buccaneers football team, purchased his waterfront home on Harbour Island in March for $5,600,000. The only residential sale that has topped that in Tampa was a home built by Alvarez Homes in Avila, which sold in 2001 for $5,800,000.

Interestingly, the record residential sale Read the rest of this entry »

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