Clearwater Revitalizes with Prime Redevelopment
Clearwater, Florida is experiencing a resurgence in its real estate market, thanks to the prime redevelopment opportunities available in the North Greenwood Community Redevelopment Area (CRA). This area, known as the "Old Clearwater Bay" area of downtown, is offering tax incentives to attract investors and developers looking to make their mark on this vibrant city. One of the main attractions of the North Greenwood CRA is the tax incentives it provides for redevelopment projects. By offering tax breaks and incentives, the city of Clearwater aims to encourage investors to revitalize the area, bringing new life and economic growth to the community. These incentives can greatly reduce the financial burden of redevelopment projects, making them more attractive to potential investors. Investing in real estate in the North Greenwood CRA can be a wise decision for those looking to make long-term gains. The area's rich history and culture, combined with its prime location near Clearwater's beautiful beaches, make it an attractive destination for both residents and tourists. As the area continues to undergo revitalization, property values are expected to rise, providing a promising return on investment for savvy investors. New construction is a key driver of the redevelopment efforts in Clearwater. The North Greenwood CRA offers ample opportunities for new development, whether it be commercial, residential, or mixed-use projects. With an array of vacant lots and underutilized buildings, developers have the chance to create modern, sustainable spaces that meet the needs of the community. From trendy restaurants and boutique shops to luxury condominiums and affordable housing, the possibilities for new construction are endless. The revitalization of Clearwater's North Greenwood CRA is not just about attracting new businesses and residents; it is also about preserving the area's rich heritage. Efforts are being made to restore and rehabilitate historic buildings, ensuring that the character and charm of the community are maintained. This blend of old and new creates a unique atmosphere that appeals to both long-time residents and newcomers alike. In conclusion, the North Greenwood CRA in Clearwater, FL, offers a prime opportunity for real estate investors and developers. With tax incentives, a rich history, and a prime location, this area is poised for revitalization and economic growth. Whether you are looking to invest in new construction or restore a historic building, the North Greenwood CRA has something for everyone. Don't miss out on this chance to be a part of Clearwater's exciting transformation. For access to the LATEST redevelopment opportunity in this special development district, CLICK HERE.
Escape to Your Oasis: A Luxurious Pool Home in Clearwater
Welcome to 1969 Temple Ter, a true oasis in Clearwater, Florida. This stunning pool home is a haven for those who appreciate the finer things in life, offering a seamless blend of modern elegance and laid-back Florida living. With a listing price of $495,000, this property is a must-see for anyone in search of a luxurious retreat. Upon entering this exquisite home, you are immediately greeted by rich hardwood flooring that adds warmth and sophistication to the open-concept living space. Large windows flood the room with natural light, showcasing the stylish design and inviting atmosphere. The gourmet kitchen is a chef's dream, featuring ample storage, spacious countertops, stainless steel appliances, and custom wood cabinetry. Whether you are cooking for two or hosting a party, this kitchen provides the perfect backdrop for culinary creativity and gathering of friends and family. Just steps away from the kitchen, you will discover your own private paradise - the backyard oasis. An entertainer's dream, the sparkling pool is surrounded by lush landscaping and an outdoor kitchen/bar area that are rarely found. Whip up cocktails for your guests as you grill up delicious meals, all while enjoying the Florida sunshine and bug-free environment with a screened cage that protects from unwanted insects and bugs. The deck space surrounding the pool is perfect for relaxation and entertaining, allowing you to enjoy the best of outdoor living. After a day of indulging in the poolside bliss, retreat to the luxurious master suite, complete with a slate ensconced ensuite bathroom and a spacious full wall closet. With a split floorplan, there are two additional bedrooms and a full bathroom that provide ample space for guests or a home office, ensuring everyone feels right at home. Conveniently located in the heart of Clearwater, just off of Belcher, this home puts you just moments away from the area's best attractions. Whether you're hitting the beach, exploring local shops and restaurants, or teeing off at Clearwater Country Club or Belleview Biltmore, everything you need is right around you in this quiet, secluded neighborhood. It's important to note that this home has already gone through a pre-inspection, and the sellers have addressed the items identified, giving you peace of mind knowing you are purchasing a home that has already passed inspection. Additionally, the property boasts a new roof in 2017, newer sliders and windows, and exterior paint. Don't miss your chance to experience the ultimate in Florida living. Schedule a showing today and make this pool home your own personal paradise. Escape to your oasis at 1969 Temple Ter, Clearwater, and indulge in the luxurious lifestyle you deserve.
Mortgage Rates Spike, Sellers Worry
The real estate market has been on a rollercoaster ride over the last two years, and it seems we're in for another sharp turn. According to recent data, mortgage rates are now at their highest level in 23 years, leaving real estate sellers across the country worried about what this could mean for the market. The spike in mortgage rates is not an isolated incident. It comes on the back of a 9% dip in pending sales, which suggests that fewer people are looking to buy homes at the moment. This could be a direct result of the increasing rates, as potential buyers are deterred by the higher costs of borrowing. Download my free 2023 Buyers Guide! Despite these worrying trends for sellers, there is a silver lining. Home prices remain strong, largely due to the limited supply of homes on the market. This means that while there may be fewer buyers out there, those who are in the market are willing to pay high prices for their dream home. For sellers, the rising mortgage rates present a conundrum. Higher mortgage rates mean higher monthly payments for buyers, which can reduce the pool of potential buyers, especially those at the lower end of the price scale. However, the strength in home prices means that those who can afford to buy are willing to pay top dollar. So, should sellers panic? Not necessarily. Here's why. First, while mortgage rates are at a 23-year high, they're still relatively low in historical terms. Current rates are still well below the levels seen in the early 1980s, for instance, when the average 30-year mortgage rate was well into the double-digits. Second, the dip in pending sales could be temporary. Some potential buyers could be sitting on the sidelines, waiting to see if rates go down before they make a move. If rates stabilize or begin to drop, we could see a surge of pent-up demand entering the market. Third, the strength of home prices is a positive sign for sellers. It means that the housing market is not in a bubble that's about to burst, but rather is being driven by fundamental factors like supply and demand. Finally, sellers should remember that real estate is local. While national trends can impact the overall mood of the market, what really matters is what's happening in your local area. If your local market remains strong, with high demand and limited supply, then the rise in mortgage rates may have little impact on your ability to sell your home. Sellers should keep an eye on the local market conditions, consider their own financial situation, and consult with a knowledgeable real estate professional. The real estate market is complex and ever-changing, but with careful planning and smart strategies, sellers can navigate these turbulent times successfully. Get your free Sellers Guide to 2023 here >>
Categories
Recent Posts
