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St. Petersburg FL Real Estate News and Blog

Note from DWELL Real Estate about Real Estate and COVID-19

To Our Friends, Clients and Colleagues,

First and foremost, we want to send our love and support during this difficult time. The global COVID-19 pandemic is one of the most challenging things we have had to face as an industry, community and country. While we tread through these unchartered waters it is important not to panic and that we tackle this challenge together as a community.

DWELL Real Estate is proud to have been part of the Sarasota and Tampa Bay communities for many years. Our seasoned and expert agents have seen many different types of real estate markets. From boom to bust and everything in between. We will continue to provide you with useful real estate market statistics and updates.

Fortunately, the real estate market is less vulnerable to irrational, panic selling than the financial markets. In a world of uncertainty one thing hasn’t changed and that is everyone needs a place to live and Florida is still an attractive place to live, work and...

Top 25 Beaches in the United States and World

Trip Advisor came out with their list of the top 25 beaches in the United States. Florida is fortunate to take 8 of the 25 spots. Our very own Siesta Key Beach was ranked #1 and St. Pete Beach came in at #2 and Clearwater Beach ranked #5. Here are the original Trip Advisor articles:

Tampa, St. Pete Among Most Affordable Big Cities in Florida

A recent report by SmartAsset ranked Tampa and St. Petersburg among the six most affordable big cities in Florida.

To compile the rankings, SmartAsset looked at the closing costs, real estate taxes, homeowners insurance and mortgage rates for every city with a population over 200,000. Those data points were used to create an affordability index. The full methodology can be found here.

Tampa ranked as the third most affordable big city in the state with an affordability index of 39.14. The city ranked in the middle of the pack for all data points, helping it place at No. 3.

St. Pete...

Neighborhood Choices: To Go Deed-Restricted or Not?

How do you feel about matching mailboxes? How about cars parked in lawns?

Questions like this may seem silly but are very important as choosing a neighborhood you feel comfortable with is one of the first steps of the home-buying process. Your Realtor will help you narrow down areas that may be a fit for you, and one of the main criteria we use is whether you prefer to be in a neighborhood with deed restrictions or not. For the purposes of this discussion we will focus on only single-family homes. It is a safe assumption that 99% of condos in our area rank HIGH on the Restrict-o-Meter.

Other areas of the country do not necessarily have this differentiation, and if they do it is often not as pronounced as it is here in ...

What Does Flood Insurance Cost in St. Petersburg?

Flood insurance cost in St. Pete, FLWe Realtors are often asked by prospective home buyers about flood insurance rates in St. Petersburg, Florida.  I am sure we will get asked even more now that hurricane Irma hit the state of Florida. There is no easy answer to this question. 

There are many horror stories when it comes to the cost of flood insurance in Florida. We are just talking about flood insurance here and not general homeowners insurance. They are seperate policies.

All of Florida is a Flood Zone

People frequently get confused about this. The entire state of Florida is in a flood zone. Yes you read that correctly. Even the highest point in the state, Britton Hill at 345 feet above sea level is in a flood...

Kiplinger: 7 Great Places to Retire in Florida

Kiplinger's Original Article

Every day Florida's population swells by more than 1,000 people, many of them retirees relocating for the second halves of their lives. There's little mystery why: Even in the coldest months of the year, the average daily high is at least 70 degrees, and the temperature rarely dips below 50 in the Sunshine State.

Florida is also one the most tax-friendly states in the country for retirees. There's no state income tax, and permanent residents are eligible for a homestead exemption of up to $50,000, which lowers their real estate taxes. Seniors may qualify for an additional exemption.

But Florida is a big, diverse state, too, with plenty of pleasant cities and towns on both the Atlantic and Gulf coasts, or inland (central Florida...

Check Out These 11 Contemporary/Modern Homes For Sale

Are you a fan of mid century modern, modern or contemporary style homes? The builders in Sarasota, Florida are very busy filling the demand for home buyers of this style. St. Petersburg builders/home buyers seem to also love the mid century modern, modern or contemporary style as well. Take a drive by the condos and single family homes under construction and you will see this style throughout. Many people appreciate the simplicity, clean lines and minimalistic feel of this style. I also believe that so much of our new construction comprised of Spanish-Mediterranean style for 15+ years that people were welcoming a change from that style. 

Below are 11 contemporary/modern homes for sale. They are in no particular order. Click on the address to view more photos. 

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Website ranks St. Petersburg, Tampa as top 'pet friendly' cities in the U.S.

A new ranking by the real estate site Zumper calls St. Petersburg the most pet friendly city in the country, with Tampa following closely behind.

The ranking calculated scores for 95 American cities in three categories: ease of owning a pet, places to play and the number of home rental listings that allow animals.

Ease was based on the number of pet stores, veterinarians and pet-friendly restaurants listed on St. Petersburg FL Named Most Dog Friendly CityYelp, as well as the cost of pet insurance. Play scores were based on the number of dog parks per capita, the percentage of each city's area set aside for parks in general, pleasant weather and a city's walkability according to WalkScore....

SALTAIRE Condos Coming to Downtown St. Petersburg

The Kolter Group , developer of One St. Petersburg condos, is likely to announce their newest condo project in downtown St. Petersburg - SALTAIRE.

Preliminary plans call for a 408-foot tower that would rise on what is now a parking lot between the St. Petersburg Hilton hotel and the Northern Trust office building on First Street S. SALTAIRE hopes to boast 35-story condominium building containing approximately 200 residences as well as retail on the ground floor.

Location of SALTAIRE Condos

Estimating St. Petersburg Property Taxes

We often get asked the question from potential buyers, "What will my property taxes be if I buy this property?" Many Realtors will say that a good rule of thumb in estimating St. Petersburg, Florida property taxes is 1.0%-1.5% of the value of the property. 

Is this true?

Fortunately, for those thinking of purchasing in Pinellas county the Property Appraisers office has a useful tool to help you estimate what the taxes will be on a property. Check out this tool. I wrote a similar article today about Sarasota county here and their property appraisers office does not provide an equivalent tool. 

Is 1.0%-1.5% a...