PropCo Real Estate Sales and Rentals
Homes and Condos in Clearwater Beach, Sand Key, & all of the Gulf Beaches
There have been rampant rumours circulating online that the health care reform law includes a 3.8% transfer tax on all real estate transactions starting in 2013. It’s just not true. While a new 3.8 percent tax will take effect in 2013, it affects only a very narrow band of investment income for those who earn $250k in a… Read More
Beginning December 6th, design competition finalists will display their much anticipated designs for The Pier at the St Petersburg Museum of History. The free exhibit will offer the public the opportunity to comment on the designs. Finalists include Bjarke Ingels Group of New York, Michael Maltzan Architecture Inc. of Los Angeles, and West 8 with… Read More
The Baywalk entertainment complex in downtown St. Pete has been purchased by music producer Bill Edwards. Baywalk opened in 2000 and was once a popular downtown destination, with several restaurants, stores, and a movie theater in the heart of downtown. It is now nearly vacant, and the city is very optimistic that Edwards will bring it back to life. Edwards recently… Read More
While Tampa metropolitan area home values fell 9 percent in 2010, some local markets saw an increase in home values. According to Zillow Home Value Indexes, home values in Belleair Beach, North Redington Beach, and Redington Shores increased from December 2009 to December 2010.
Sabal Palms at Boot Ranch has been purchased by ARA Property Partners for $44.2 million in an all cash transaction. The 432-unit community located in Palm Harbor. was built in 1996. The property was 94 percent occupied at the time of the sale.
Say goodbye to another 50′s era beach side landmark. The owner of the Sea Captain motel on Devon Drive is tearing down the outdated hotel to replace it with a bigger modern one. The site is next door to the former Port Vue hotel, which is being replaced with a Holiday Inn. The new hotel… Read More
After months of rumors, it’s official- the Belleview Biltmore is now owned by KAWA Development. The investment group consists of brothers Raphael and Daniel Ades, and another partner. The group purchased the mortgage on the property for $8 million, and now control the hotel, as well as the Belleview Biltmore golf course and the Cabana Club… Read More
In 2010, cash buyers accounted for 52 percent of all residential sales in Pinellas County – the national average is just 28%. The high rate of cash sales is a result of tighter lending, cash discounts, and a sense that the market may have hit bottom. Pinellas County also has a large percentage of second… Read More
An investment group has purchased the Tierra Verde Resort. The 50-year-old property features boat slips, a restaurant, and the former Tierra Verde Yacht & Tennis Resort timeshare and hotel buildings. The marina portion features 114 wet slips and 151 high-and-dry slips. The new marina business model will focus exclusively on rentals. The group rebranded the… Read More
The city of Indian Rocks Beach will raze the abandoned Ocean Glen at Waterside condo project located at 601 Gulf Blvd. Removal of the partially completed construction will begin this month, and the lot will be reseeded in the spring. The city reached an agreement with the owner for the demolition. The city holds $24k… Read More
