Entries by DomresRealEstate

Tampa Bay rent prices are rising faster than household income, new study finds

A new study finds that rent prices in the Tampa Bay area have been outgrowing household income since 2000. Data research firm Real Estate Witch analyzed publicly available data from the U.S. Department of Housing and Urban Development, the Federal Reserve Bank of St. Louis and the U.S. Census Bureau to determine the difference between income versus rent growth. Across the nation, rent prices from 1985 to 2020 have increased by 135%, while income increased by 35%. In Tampa Bay, rent rose by 113%…

Grand Prix winner lists Bayshore Boulevard home for $6M (Photos)

A home on Bayshore Boulevard in Tampa owned by Grand Prix winner Jason Bell is listed for sale at $6 million. The 8,525-square-foot home features five bedrooms, nine bathrooms, two garages equipped with electric vehicle charging stations, and a kitchen including imported Paraguay cabinets and European appliances. Located at 2902 West Fair Oaks Ave., the home also includes several custom features throughout, including three fireplaces, electric blinds, a smart home system, an outside Zen water feature…

National rollout of HUD funds includes millions for Tampa Bay

The U.S. Department of Housing and Urban Development's fiscal 2022 formula grant programs will dole out billions across the country — and millions into the Tampa Bay region. The Community Development Block Grant, HOME Investment Partnerships and the Housing Trust Fund represent the largest formula grants. Recipients here include: Hillsborough County: $10.98 million (total across all formula grants) City of Tampa: $10.09 million Polk County: $5.86 million Pasco County: $4.54 million Pinellas…

Formula One racing legend buys Belleair waterfront home for $5.3M

A Belleair home on Belleview Island has sold for $5.3 million to Nigel Mansell, who won 31 Formula One races. The 5,296 square foot home, located at 430 St. Andrews Drive, was built in 1989 and has five bedrooms and four and a half baths. Sitting on a 0.9-acre lot, the home has a three-car garage and lies in a gated waterfront community on a private island. The island has 31 homes total, and this estate comes with a boat dock with two lifts. The home also has views of the Belleair Country Club.…