Real Estate

Vacant lot in Florida's Casey Key sells for $6.5 million

An aerial photo of an oceanfront undevelped property.
Photo courtesy of Coastal Home Photography

A .75-acre parcel on Casey Key — a rare property that extends from the Gulf to the Intracoastal — sold for $6.5 million recently, becoming the most expensive vacant lot sale ever recorded on the narrow 8-mile island where some of the country's wealthiest people live.

Flashback: The previous record was set in 2006, when author Stephen King and his wife Tabitha bought a vacant lot on Casey Key for $5.325 million.

ROOST extended-stay concept debuts in Tampa

A living room with modern furniture, a blue rug, a painting on the wall and large windows.
A room in ROOST Tampa. Photo courtesy of Matthew Williams

Tampa's first high-end extended-stay boutique hotel/apartment amalgamation, opened this month and began welcoming guests into 97 luxurious Morris Adjmi Architects-designed units.

  • ROOST Tampa is the brand's fifth location — including Cleveland and three in Philadelphia — and largest to date.

Tampa's real estate market is cooling, slightly

Illustration of a downward trend line over a house
Illustration: Rebecca Zisser/Axios

With pending home sales down year-over-year and asking price drops on the rise, Tampa's real estate market is showing early signs of slowing down. But home prices are still up 27.6% from June 2021.

Why it matters: We keep hearing about a market crash, but so far, local data doesn't support that claim.

St. Pete condo brings record-breaking $7.3 million

A living room with big windows and modern, light gray chairs.
The three-bedroom, three-and-a-half-bath floor plan was meant to balance luxury, comfort and functionality. Photo courtesy of Tony Sica

A 5,000-square-foot penthouse condo in downtown St. Petersburg has sold for a record-breaking $7.3 million, the most expensive condo sale in Tampa Bay history.

Sarasota penthouse with rooftop putting green for sale for $16 million

A photo of a rooftop putting green at a residence for sale in Sarasota, Florida, for $16 million.
A putting green on the terrace, near the outdoor kitchen. Photo courtesy of Gianfranco Spagnolo

Who doesn't want to practice putting at peak posh?

What's happening: The residence taking up the top two floors of Sarasota's renowned EPOCH building — complete with huge sky-high terraces and a putting green — is on the market for $16.35 million.

Tampa Bay area among top 20 U.S. metro markets for homebuilding

Illustration: Maura Losch/Axios

The Tampa Bay area is in the top 20 metro markets nationally when it comes to building new homes, per the latest analysis by real estate company Redfin.

What they found: The area had 12.5 single-family building permits per 10,000 people in the first quarter of this year, the 17th-most per capita among U.S. metros.

Tampa Bay residents need to make more money to buy a home

Illustration: Brendan Lynch/Axios

In the Tampa Bay metro area, you have to earn 47.8% more than a year ago to afford the region's median-value home, per the latest analysis by real estate company Redfin.

The big picture: The income needed to afford a home has increased as soaring demand and limited inventory have caused prices to skyrocket.

Take a little vacation at Tiny House Siesta

tiny house with a red lifeguard stand front
The Red Lifeguard Stand tiny house. Photo courtesy of DJWC Photo

The thought of staying in a tiny house usually makes me break out in a cold sweat. But these boutique tiny homes in Siesta Key actually look super cool.

Flashback: Pennsylvania-based vacation rental investor Jeremy Ricci turned part of a 1940s-era RV park into a tiny house haven in 2017 after he met Derek Diedricksen, host of HGTV series "Extreme Small Spaces" and "Tiny House Builders."

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