Pinellas Beaches & Commercial

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1 Waterfront Equity & Investment Property Wizard Pinellas Beaches & Commercial Vol YOUR FINEST REAL ESTATE EXPERIENCE...GUARANTEED! Donna Reichenbach, GRI, CIPS, TRC Waterfront Property Specialist Michael Reichenbach, CCIM, SFR, CIPS, TRC Commercial Broker Associate Our goal is to provide you up to date information and knowledge: The ups and downs of our local markets for waterfront homes, condos and estate homes. Award winning expertise, negotiations and representation for your needs. Needed info on Short Sales, REO s, and ramifications, requirements and opportunities. True real estate values in today s market. The latest tips on commercial real estate, investment, financing, and business opportunities. Answers for all your real estate questions If we don t know, we can find out. The Market, in all its forms continues to grow. We are seeing more new construction in Pinellas County than we have for years, and that includes continued significant condo and apartment development in the downtown St Petersburg area. The beaches are again active and communities like Madeira Beach are looking to make changes. The City of Madeira Beach, according to a recent article in the Times, is looking to change the Charter so that local City officials rather than the residents can choose whether to sell public lands and otherwise dispose of land that may now be a park, and easement or right of way. The article assures us that the new City Center won t be sold. This is a big change from the recent tendency of community populations being in ultimate control of public lands. It may well facilitate the growth of the community, the tax base and needed changes many think are long overdue. It should be a good discussion item for parties and neighborhood gatherings, and everybody should stay informed so that they cannot complain later. According to our local Board of Realtors, sales are staying strong throughout the County. March, year over year 2014 and 2015, sales for traditional home sales are up almost 42% and prices are up almost 11%. Traditional townhomes and condo sales numbers are also up, though not as much at about 29% with prices up almost 5%. Just about the only thing that is down is inventory. While this may encourage some to wait, the fact that interest rates are staying down means there are many more Buyers now in the market looking for homes and we are once again seeing bidding situations for good homes. (See Page 2)

2 Item Pinellas Beach Real Estate Statistics April, 2015 Detail Residential Properties Madeira Beach 70 Properties Active and 23 Sold in April $340/SF asked in MB for Active Listings and $247/SF accepted for Sold Listings. Residential Properties Treasure Island 130 Properties Active and 45 Sold in April $327/SF asked in TI for Active Listings and $251/SF accepted for Sold Listings Residential Properties in the 3 Redingtons 130 Properties Active and 26 Sold in April $362/SF asked in Redingtons for Active Listings and $299/SF accepted for Sold Listings Residential Properties in St Pete Beach 140 Properties Active and 47 Sold in April $332/SF asked in St Pete Beach for Active Listings and $269/SF accepted for Sold Listings Residential Properties in Indian Shores/Rocks 132 Properties Active and 42 Sold in April 362/SF asked in Indian Shore & Rocks for Active Listings and $254/SF accepted for Sold Listings Residential Properties in Belleair Bch & Shore 49 Properties Active and 9 Sold in April $417/SF asked in Belleair Bch & Shore for Active Listings and $302/SF accepted for Sold Listings Residential Properties in Clearwater Bch/Island Est 297 Properties Active and 53 Sold in April $374/SF asked in Clearwater for Active Listings and $313/SF accepted for Sold Listings Residential Properties in Tierra Verde/Isla Del Sol 183 Properties Active and 44 Sold in April $271/SF asked in Tierra Verde for Active Listings and $236/SF accepted for Sold Listings Multi Family Properties Pinellas Barrier Islands 44 Properties Active and 6 Sold in April $300/SF asked for Multi-Family Active Listings and $275/SF accepted for Sold Listings Commercial Properties Pinellas Beaches for sale 36 Properties Active and 7 sold in April $422/SF asked for Listings and $264/SF for Sold Bldg. Listings Statistics per MLS as of 03/15/2015 Continued From Page 1 From Mike We continue to enjoy the most sought after destinations in the country. Per statistics compiled by NOAA, in 2010, 39% of the population lived in counties adjacent to the shorelines. By 2020 that percentage is expected to grow by another 8%. That means that properties that are well situated and able to stand the rigors of coastal living will have increasing value. Those built on slab below the base flood elevation, and/or constructed with antiquated heating and outdated electrical systems may do well to push their local governments to decrease set-backs to allow for bigger but updated homes on smaller lots, reduce minimum lot sizes to provide for more opportunities so that current and future owners can expand, elevate and justify the expense of land to allow for larger residential properties, close to the beach, if not on it and developing more neighborhood communities with shared green space, pedestrian friendly artistic communities, and even shopping and retail mixed use. Failing that property owners may do well to see if they can assemble their adjoining properties for sale to allow for newer development that many communities now prefer.

3 U Ulmerton Road $ 1,700,000 This large commercial property of over 1.7 Acres is ideally suited for anyone requiring easy access to the tens of thousands who travel Ulmerton Road every day, the nearby airports, the interstate and the rest of Pinellas County. Ulmerton being the major East-West Corridor of Pinellas County, Tampa to the Beaches and Airports offers unique possibilities. All road work has been completed here and the oversize lot allows for maneuvering, extra parking, easy access and egress to the overhead doors, highways, airports and beyond. U Clark S, Hudson $ 995,900 This fully operational Marina offers direct access to the Gulf of Mexico s blue waters and is located in Hudson in the heart of West-Central Florida. With 72 spots on racks and an additional 24 wet slips with water and electrical service to each along with a 100 ft +/- short term dock, this property offers a great opportunity and income for the price. Protected harborage with direct access to the Gulf and some of Florida s best fishing and views may be the first draw. Full gas and diesel service, modern tanks and equipment, a dedicated drop zone and large Taylor Forklift, the ship s store, handicapped accessible restrooms, and ample parking U Blind Pass Marina Property $850,000 This beach marina and business opportunity is situated in the heart of St Pete Beach at Blind Pass, just one mile from the Gulf with no bridges or speed limit and with direct access to open water. Site is grandfathered for up to 24 slips & includes boat ramp, seawall & ample parking. Traffic count is around 20,000 per day on Blind Pass Rd (SR 699). Only 30 minutes to Tampa & its airports & close to all of the beach's main hotels & tourist destinations. Also included is an underwater land lease agreement with the State of Florida, Dept. of Environmental Protection, U Sharkey Apartment Building $ 699,000 This well maintained 8 unit complex features spacious grounds, ample parking, and all of the units are 2 bedrooms-2 bath spacious units with washer and dryer hook ups and ample storage plus balconies with park views and shaded grounds. New tile floors, paint, and upkeep means generally full occupancy with ever increasing rental rates. It is located close to Phillies Ballpark, Clearwater s St Petersburg College campus and the county s main thoroughfares with easy access to Tampa, the area s theme parks, beaches and shopping. Tenant occupied so please call for appointments and showings. U Produce Market for Sale $ 99,000 Excellent business opportunity to buy an established Produce Business in a well-known location, great traffic count and close to residential areas for consistent business. This business has excellent reputation, and Seller is able to assist as needed to train and help develop your skills for this business. Call LA for details and Non-Disclosure agreement and POF required. Close to the Beaches and centrally located to boot.

4 U Johns Pass Ave, Madeira Beach, FL $ 1,790,000 This new waterfront home offers 200+ feet on the wide open water, an oversized 0.44 acre lot with a deep water dock, new boat lift, and the finest views on the islands. This 6 bedroom / 6 bath estate home has been rebuilt from the ground up and offers all new construction from the roof, oversized pool, 2,000 SF+ covered Lanai, and over 4,000 HSF of high quality construction, designer floor plan and gourmet kitchen. Unobstructed views and wide waterfront balconies enable you to enjoy early sunrises and romantic sunsets. U Lillian Dr, Madeira Beach, FL $ 775,000 Don t miss this wonderful opportunity to Live the Dream on one Pinellas County Florida s beach communities limited access islands. As you enter the foyer through decorative glass doors you will start to enjoy the grand Florida lifestyle with a Great Room opening to the large salt water pool, your Trex covered dock, a 12K boat lift and deep water leading to Johns Pass and the Gulf of Mexico, all just minutes away. This home offers upgraded hurricane windows, doors and roof (2011), pavers new dock seawall cap (2009) and a totally updated kitchen, new tile and carpet. The oversized 24 x 14 Master overlooks the water leading to a balcony upstairs and covered patio affords shade as needed at the pool level. Truly a great value for the area. U Johns Pass Ave, Madeira Beach, FL $ 750,000 This large 3 bedroom, 3 bath updated home offers an open plan, wood and tile floors, spacious rooms, a modern and open kitchen and more. To top this off, it is being sold totally furnished including all furniture with wall hangings, accent pieces, kitchen ware, dishes, etc. Just bring your luggage and enjoy the fun in the sun. This home also features a large 750 plus SF covered porch overlooking the tranquil waters of the bay and intra-coastal, a large shade tree, a wide private dock with 13,000 lb. boat lift for an even larger boat and all your toys. With 77 feet of waterfront, and 10,000 plus SF lot located near the cul-de-sac you have protected harborage and open views. 494 Crystal Dr, Madeira Beach, FL $719,000 With 145 feet on the water, the ultra- close proximity to Johns Pass and the Gulf of Mexico and deep protected water, and the limited access to the Crystal Islands, few properties along Pinellas Beach communities offer better opportunities to LIVE THE DREAM in one of Florida s finest beach communities. This 3 bedroom / 3 ½ bath pool home provides 2,228 HSF at ground level with a total of 3,128 SF of space to spread out and enjoy. An updated kitchen has a separate butler s pantry and opens to a waterfront dining room. A large living room leads to a family room with a fireplace and opens to the water. Updated bathrooms, and the Master suite has its own screened porch to the pool area and great views of sunsets, water, manatees and nature. Large rooms with some updated windows and doors along with hurricane shutters make Florida living easy and fun.. U th Ave E Madeira Beach, FL $ 450,000 This unique waterfront home is just one block from Johns Pass Village, with a deep water dock and sailboat water and room for two boats. Shaded trees, backyard patio overlooking a small bay with protected water and yet just minutes by boat to the Gulf of Mexico. Open floor plan and solid block construction allow for a multitude of uses with a small apartment included for potential income uses. Owner occupied and ready to move. 3 Bedrooms, 2 baths with part set up for efficiency use as well if needed or desired.

5 U Sharkey Apartment Building $ 699,000 This well maintained 8 unit complex features spacious grounds, ample parking, and all of the units are 2 bedrooms-2 bath spacious units with washer and dryer hook ups and ample storage plus balconies with park views and shaded grounds. New tile floors, paint, and upkeep means generally full occupancy with ever increasing rental rates. It is located close to Phillies Ballpark, Clearwater s St Petersburg College campus and the county s main thoroughfares with easy access to Tampa, the area s theme parks, beaches and shopping. Tenant occupied so please call for appointments and showings. U Burlington Ave. N, $ 299,900 Located in the heart of St Petersburg s vibrant downtown district and just blocks from the Trop, Central Avenue, the markets, clubs and many activities of downtown. This remodeled and updated 4-Plex offers special value and opportunity for income and appreciation. From the electric, to the plumbing, roof to floorcoverings, A/C s to appliances all was updated in 2003 and 2004 providing worry free management and value. The units each have their own balcony, with the downstairs units having an additional deck in the back and within the fenced in grounds. This property includes 2 1- bedroom and 2 large efficiency apartments with full occupancy and great potential for the future. U Jones Street, Clearwater, $ This well maintained triplex offers you steady income with actual rents exceeding 19,500. In addition it offers a large lot with alley way access for ample parking and yard and green space for your tenants. It is in close proximity to public transportation, PSTA Route 67 and a lovely community park, Plaza Park, at the end of the block. Close to downtown Clearwater s activities, jobs, government buildings and the library, this complex offers Florida charm and ambiance. Consisting of 2 down-stair 1 Bedroom units and 1 up-stair efficiency unit with French Doors opening to the roof decking for potential patio use, this property also has a Laundry Room, separate electric meters and a common water meter. A covered porch in the front and a carport along with two fenced in areas add to the convenience and comfort of the tenants. U th Ave N, St Petersburg $ 100,000 This duplex is centrally located in St Petersburg and is close to public transportation, shopping, restaurants. This oversized lot offers immense potential for expansion, rebuilding for added value to tenants. Ample parking is available. This 2-story property fully occupied and ready to go. Drive by and then call LA for information and details.

6 U st Ave N, Pinellas Park $354,000 An auto aficionados place and time to enjoy Florida at its finest, and still have the room for work and-or all your toys. This custom built home offers the convenience of a centralized location, updated kitchen, baths, floorings, as well as lofted ceilings, 2 fire places and an open floor plan overlooking the pool and landscaped yard for entertaining and family fun. Every convenience is considered with a large open gourmet kitchen with island and bar, a private master suite area just for you and room for family and guests, spacious closets and more. In addition almost the 2,900 + or - SF (with 798 SF under AC) of additional recreation-garage-work space is finely finished and ready for up to 8+ cars with space left for crafts, tools, work or play. Your RV has hook-ups on site and space to accommodate even larger vehicles. A fenced in courtyard opens to the garage space with custom flooring and amenities to provide even more additional security and utility. This truly is a must see for anyone who enjoys Florida and has the toys to do so as well. U Victor Herbert Largo $175,000 This completely remodeled home is ready for you to move in. It is nestled in a quiet neighborhood and centrally located near the beaches, great shopping, airports and schools. This spacious two bedroom, two bath home offers an open floor plan, updated kitchen with granite countertops, tile backsplash, brand new appliances, and new tile and carpet throughout. Also included are crown molding, a large two-car garage, lawn sprinkler system, new AC unit and much, much more! The large fenced in back yard overlooks a scenic pond offering more privacy and a tranquil setting with room for a pool if desired. This home is perfect for your new family, first time home buyers, or as an ideal retirement home,. U th St N, St Petersburg $130,000 This remodeled and updated home will finally give you the room you need and the conveniences you desire. Four bedrooms, two baths, a separate Florida room and open living room/kitchen plan offer tile floors, new carpeting in the bedrooms, central A/C and is freshly painted and move-in ready. Large comfortable rooms for the family to share or enjoy separate activities make this a must-see home. The bathrooms have also been updated with new tile and fixtures. Backyard is fenced in for security and privacy, and you have a large 150-plus square foot workshop and a separate utility shed for your tools and toys. Centrally located in the Meadow Lawn district, this property is located on a bus route. Easy access to and from downtown to the beaches, and close to the interstate, shopping, dining and all the conveniences of downtown. 300 Promenade Dr, Dunedin, FL $ 109,900 This lovely first floor condo 2 bedroom / 2 bath unit is nestled under large oak trees and overlooks and opens to lovely grounds and a great pool cabana and the best in Florida living. This unit has been upgraded with impact hurricane grade windows including sliding doors, a newer A/C (2011), LG Washer/Dryer in the unit, and stainless and newer appliances including Range, Refrigerator, Dishwasher with newer tile and carpet throughout. Condo fees are very reasonable and the property location requires no flood insurance. Covered and assigned parking and an exterior assigned storage unit provide even more utility and ample guest parking will invite your friends to come enjoy the fun in the Sun

7 Five Tips for Attracting and Retaining Small Retailers at Your Strip Center C21 Online 5-15 Are you the owner of a strip center? Whether your retail property is 5,000 square feet or 50,000, grocery-anchored or not, your success depends upon the small retail "mom and pop" shops that comprise it. That's why it's essential that you, as landlord, hone your ability to attract and retain good tenants. Here are some tips for achieving success with your strip center: Make sure you have the right tenant mix. Research the consumer demographics in your market and determine whom you are trying to attract to your strip mall. Then seek out tenants to service those customers. Vet prospective tenants appropriately. Does the retailer have the necessary experience and capital to be successful? Remember that start-ups are less likely to succeed due to lack of experience and, often, capital. Review the tenant's business plan to ensure that the owner has thought through his or her own road to success as a retailer. Also, evaluate the owner's personality. Customers buy from retailers they like and trust. Once your tenant is situated and open for business, monitor its sales reports to keep tabs on how the business is doing. Since a landlord's success depends upon that of his or her tenants, this is key. Assist the tenant with marketing, if necessary. Some larger landlords will even offer business-consulting services to their tenants to help them achieve success. Be a good landlord. Establish a good rapport with your tenants as well as two-way communication. Keep the property safe and looking good to continue to attract customers. For more information on how to invite and retain tenants to your retail property, contact...us.

8 CENTURY 21 Beggins Enterprises Gulf Blvd. D Madeira Beach, FL or Michael & Donna Reichenbach CENTURY 21 Beggins Enterprises Commercial & Investment Network Gulf Blvd D1 Madeira Beach, FL CENTURY 21 Beggins Enterprises Donna This is not a solicitation to list for parties that currently have their property listed.