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. It may be too early to determine if this is a trend, but it was nice to read in the June 2014 edition of Hotels two articles, one which speaks to a trend to promote local culture in branded hotels and the other to repurpose older and maybe now obsolescent space for new uses. Anyone who travels now experiences the mixed emotions surrounding the comfort and even convenience of franchised brands as opposed to the desire to experience something new as part of travel. Few people would travel across town just to eat in a different location of a familiar restaurant chain when you have one right in your own neighborhood. Yet travel to any major national or even international destination and you will find in the heart of the tourist district numerous familiar and branded destinations for shopping, dining and accommodations. The competition is often our locally owned eateries, shops and motels. Yet developers and even governments continue to look for branded names that offer a familiar and often luxurious albeit bland image that could exist equally well in Atlanta as here. The article in Hotel this month announces the new concept of immersing guests in local folklore to further engage them in their destination. They offer more than just Chinese made mugs, t-shirts, towels and trinkets and suggest offering interpretations of the past and present to exemplify the culture, area and community. With our rich history of the early railroad days, World War II training facilities, native American history, the early fishing industry, which is more than just white boots, and even early tourism and baseball all offer unique opportunities to brand and offer guests and visitors more than just a room and sand which next year will also be available in Mexico and elsewhere as a new place to go. Fewer and fewer of the actual sites exist as we continue to be in a rush to build new, but maybe in building new some could capitalize on the past instead of just bulldozing it. This might be a great project for a history class of young technology minded students able to incorporate Apps, GPS, video and audio, smartphone technology, and the desire to treasure hunt and discover to further this opportunity. That being said, in some cases repurposing may offer the only chance to keep some of history. The second article speaks of older buildings being remade to hotels, but in our community it may well be the other way around. While the Don CeSar and even the Vinoy had the natural advantage of being waterside, and in the heart of a community the same cannot be said for the Belleview Biltmore in Belleair or the Fenway (Continued on Page 2)

2 Pinellas Beach Real Estate Statistics May, 2014 Item Detail Residential Properties Madeira Beach 77 Properties Active and 17 Sold in May $310/SF asked in MB for Active Listings and $236/SF accepted for Sold Listings. Residential Properties Treasure Island 149 Properties Active and 35 Sold in May $302/SF asked in TI for Active Listings and $237/SF accepted for Sold Listings Residential Properties in the 3 Redingtons 144 Properties Active and 26 Sold in May $320/SF asked in Redingtons for Active Listings and $244/SF accepted for Sold Listings Residential Properties in St Pete Beach 160 Properties Active and 34 Sold in May $311/SF asked in St Pete Beach for Active Listings and $241/SF accepted for Sold Listings Residential Properties in Indian Shores/Rocks 161 Properties Active and 28 Sold in May 335/SF asked in Indian Shore & Rocks for Active Listings and $293/SF accepted for Sold Listings Residential Properties in Belleair Bch & Shore 50 Properties Active and 2 Sold in May $345/SF asked in Belleair Bch & Shore for Active Listings and $346/SF accepted for Sold Listings Residential Properties in Clearwater Bch/Island Est 307 Properties Active and 42 Sold in May $323/SF asked in Clearwater for Active Listings and $283/SF accepted for Sold Listings Residential Properties in Tierra Verde/Isla Del Sol 214 Properties Active and 44 Sold in May $227/SF asked in Tierra Verde for Active Listings and $182/SF accepted for Sold Listings Multi Family Properties Pinellas Barrier Islands 57 Properties Active and 8 Sold in May $280/SF asked for Multi-Family Active Listings and $170/SF accepted for Sold Listings Commercial Properties Pinellas Beaches for sale 44 Properties Active and 0 sold in May $338/SF asked for Listings and $NA/SF accepted for Sold Listings Statistics per MLS as of 06/06/14 (Continued from Page 1 FROM MIKE) Hotel in Dunedin. While both of these great historical buildings are close to the water they will never be able to offer tourists and visitors the views and sandy beaches of the Gulf tourists expect and all our beachfront hotels now have. I do hope that new uses can be found for at least parts of the historical aspects of these and many older buildings such as is being done with the Manhattan Casino in St Petersburg that will allow their continued historical importance and relevance to the community. Tourists that don t care about the beaches and want to be inland will go to Orlando or even Tampa to be closer to the theme parks. History will not beat out modern trends and the desire of tourists coming from overseas or elsewhere for the sun and sand. It can only compliment the experience and hopefully make their visits more memorable and worthy of better reviews and more referrals. Expecting tourists to stay in old hotels, generally smaller rooms without views or away from the beach or community is neither practical nor feasible. Working to bring all parts of the community to work together and offer unique districts, shopping arcades and dining experiences for everybody s benefit makes more sense than either erasing the past or ignoring the present.

3 Landscaping tips to improve a home's curb appeal 21 Online The interior may be what sells the home, but the curb appeal sparks the initial interest. With that in mind, here are four potential ways that landscaping can improve a home's curb appeal and generate more consumer traffic. Keep the edges clean. Edging around sidewalks and driveways gives the yard a nice, clean feel. Installing lights along the sidewalk makes the home stand out at night and creates a subtle elegance. Don't forget the flowers. Whether they are planted in the yard or placed in flower boxes and pots, colorful flowers are an inexpensive way to make the yard pop and improve the curb appeal of a home. Shade-loving flowers can also be used to cover dead spots in a yard shaded by large trees. Trim trees and bushes. No one will notice the fine edge work or the beautiful flowers if they are completely buried behind overgrown bushes. Trimming bushes back provides an overall clean look to the yard and allows other aspects to shine. Cutting loose branches from trees also provides a clean look and eliminates safety concerns. Add a berm. Berms can complement existing flowers or edging and are a great way to break up flat spots in a yard. What you need to sign your mortgage 21 Online Purchasing a new home is one of the most exciting moments in a person's life. If you are about to sign your own home mortgage, congratulations! This is a momentous occasion. While you've given plenty of thought to the square footage, location and appearance of your new home, perhaps you haven't paid as much attention to what you'll need to actually sign the mortgage. If that is the case, don't worry. Just follow this list and you'll likely have most of what you may need for signing day subject to each lender's individual underwriting criteria. Make sure to present the following documents on or before the day of your mortgage signing: Your tax returns or pay stubs for the last two years Your monthly bank statement for the last two months A signed loan application Proof of insurance Signed disclosures A preliminary title report An electronic appraisal You may also need to bring the following documents depending on your own individual circumstances. Your rental history, if you are renting. Usually this includes 12 months of canceled rent checks. A CPA letter or business license if you have been self-employed for the last two years or more. Any applicable gift letters regarding the down payment. Any letters of explanation that have been requested to clarify existing issues. If you have questions regarding any of this information, contact your broker or mortgage professional ahead of time to ensure you have the proper materials ready before you arrive to sign. Doing so will allow you to finish the paperwork as quickly as possible so you can begin your new life as a homeowner.

4 U Gulf Blvd. Madeira Beach, FL $600,000 6 Condo Units 6 Boat Slips Waterfront No Rental Restrictions An amazing opportunity to own 6 units of a 9 unit condo complex with 5 boat slips assigned. This property is located across the street from a beach access and directly on a bay to the intra-coastal and the Gulf of Mexico. Unit mix includes a commercial condo, and 5 residential condos, common parking and great rental opportunities. The boat slips can accommodate boast of various sizes and add immediate value for the next owner. These units are rented long term for the convenience of the seller. U th Street E, Largo, FL $800,000 BUSINESS OPPORTUNITY & PROPERTY. Location, property, stations and equipment are in place. With increased income in place. Also included are 8,025 sq ft of manufacturing space, and 2,842 sq ft of warehouse/storage space. This entirely "green" operation is ready to be taken to the next step. Bio-fuel production with sustainable and readily available fuel sources may well be the future of energy production and sustainable growth. This business has trademarked products and available and in-place contracts for delivery. A minimal investment is needed to take advantage of this unique opportunity and bring it to the next stage. Current production also offers future growth potential and raw materials are delivered with income already flowing. This business comes with land centrally located for delivery, developed work stations to handle the various stages of production and packaging and most importantly the equipment in place to handle increased production. U Seminole Blvd., Seminole, FL $375,000 A true waterfront commercial site that offers numerous opportunities for development and use. Two parcels included with 1.93 acres and great exposure on Seminole Blvd. The property runs from the Blvd to Lake Seminole with access to the lake and great views across public land. Great opportunities for mixed use, commercial, hospitality and resort or entertainment. 2,367 TSF concrete block building on site. And the property offers great exposure on Seminole Blvd with high traffic count and great water views from 2 sides. U S HIGHLAND AVE, CLEARWATER, FL, $192,000 This centrally located commercial property will offer the next owner the chance to be located on a highly trafficked road, with great exposure, more than ample parking as well convenience for all the nearby residents and workers that might use your services or goods. This property offers over 3100 HSF, a layout that provides large rooms, 3 bathrooms, kitchen as well as reception area and offices. A separate building offers increased income potential or even more usage and all at a very affordable price. Being offered "As-Is" for the convenience of the Seller, and easy to show with a call to the LA. Lot size exceeds ½ acre. Call for details. Buyer to confirm usage for their needs and any business or zoning requirements or expectations.

5 13307 Gulf Lane #A, Madeira Beach, FL $ 849,000 The convenience of a condo with a Beach House lifestyle. This unique condo, located on the Sandy Beaches of the Gulf of Mexico, has open sunset and beach views! It is truly like a single family beach house, offering privacy and serenity without the congestion of a multi-unit high rise. This 1st floor unit in this 2 unit condo complex, is beautifully and totally upgraded and finished including an outside spiral staircase to the beach directly off the covered balcony. A well designed 3 bedroom, 3 bath, condo that has light and bright rooms with high ceilings, inside laundry, and eating space in the gorgeous kitchen by the Bay Window. Huge 2 car garage with plenty of additional storage. There are very few options along the Pinellas beaches that compare with this beautiful property Gulf Blvd #206, Madeira Beach, FL $ 489,000 Enjoy breathtaking beach views from this direct Gulf front corner unit. Watch the dolphins and the gorgeous sunsets from your 42 ft. wraparound balcony offering open access and views through sliding glass doors from both the living room and the master bedroom. Beautiful upgrades have been added (in excess of $60,000). The unit features an open concept kitchen with an added walk-in pantry, and a full-size washer/dryer. There are 2 under building parking spaces, great amenities and much to enjoy year round. Located on the beach and just a short walk to John's Pass Village. Perfect for primary home, U Bay Point Blvd., Madeira Beach, FL 435,000 Enjoy the true tropical nature of Florida with your lushly landscaped garden, covered patio with hot tub, and all leading out to your private dock and boat lift. Great views of an open Bay to the Intracoastal and just minutes from the Gulf of Mexico via Johns Pass. This 3 bedroom, 2 bath home offers an open floor plan with large living area all on one floor for convenience and comfort. The kitchen opens to the main living area and this home also features a large indoor utility and greatly oversized garage for toys, tools, and equipment in addition to your vehicle. Pavers out front expand the possibilities but this is truly a property to see if you want the best of Florida living at a most reasonable price. U Shipwatch Dr #248, LARGO $189,000 Your 56 Acre gated Shipwatch Yacht and Tennis Club community runs along the Intracoastal, is just minutes from the beach and offers its owners beautifully maintained and landscaped grounds with walking paths, 2 swimming pools, fitness club, world class tennis, a private harbor, club house and restaurant plus a new community of friends and neighbors to share it with. Your individual 1,445 HSF 2 bedroom, 2 bath corner unit offers its own great views across lakes and water to view the Florida's nature, birds and sunshine. This unit offers an open floor plan, tile floors, balconies on two sides and a Master Bedroom with its own views of the water. Washer and Dryer in the unit and all appliances are included. This unit offers under building parking, a storage unit and the building has its own secured entry, lobby and elevator. Truly a must see to begin your Florida lifestyle. Room dimensions are approximate, buyer to verify. U Gulf Blvd, Madeira Beach, Unit 4 -$115,000 U Unit 3- $ 95,000 A 35 Slip with a condo with Unit 4. Come enjoy Florida's finest beaches and waterways at a great price. This condo is directly across the street from the beach, in a waterfront community with great water views from your deck and unit. Updated interior, easy maintenance, and still close to beach access, shopping, dining and entertainment and more. A small community with your own boat slip included. This unit can be rented short term or long term and is a must see. Your next Florida beach Get-Away is now available.

6 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. This overly engineered, clear span, building offers almost 15,000 HSF that can be easily configured, divided and arranged for multiple uses and opportunities. Good exposure, large 30 pylon signage and ample parking make this a one to consider. Three Bay doors and a loading platform add versatility and options whether the need is for a distribution center, wholesale, supply or retail location. Open floor plan and span affords endless possibilities for arrangement and set-up. U Jones Street, Clwr $ 151,000 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 st Street Seminole $ 299,000 You will love this ideal family home. It is located just minutes from the beach, is situated well above the flood plain, close to great Seminole schools and in a quiet residential neighborhood to meet new friends or entertain old ones in this updated and spacious floor plan. This home offers a formal living and dining room in addition to a family room open to the updated dream kitchen with granite counters, stainless steel appliances, gas stove and more. Elegant crown molding is throughout with hardwood floors leading to travertine in the updated baths providing stylish living and convenience. A walk-in custom closet is in the large Master Bedroom, ample storage throughout plus a large 2 car garage. Outside you have a large screened in porch with weather panels, a large custom pool with child fence, a great well-built Jungle Gym and an extra outside storage building all in a fenced yard for privacy and security. Easy to show. Call LA for details and access.

7 As Summer Nears: From Craig Beggins Broker As Summer time nears, history shows strong sales for our West Central Florida Market and our team stands ready for the challenge. In a sales meeting this morning I was discussing how this is an unprecedented time in Real Estate. It s really quite crazy how things have changed. For example, we just received two similar home listings. The first one was purchased in 2004 for $477,000; the second one was purchased in 2009 as a Short Sale for $329,000. Both homes are similar and both are worth about $475,000. What s unprecedented about this is that the homeowner that bought the home 10 years ago has no equity and the homeowner who bought less than 5 years ago has seen over 40% appreciation. This is a pretty good example of how the crash and resulting rebound has affected the market. I share this with you to show you that we re now approaching 2004 values albeit 10 years later. However, today s Interest Rates are lower than they were 10 years ago which means that the home is more affordable today and that more people can qualify to buy it today. Why is this important? Not only can buyers purchase a home at prices that haven t increased in 10 years, they can also purchase at lower interest rates and lock them in at long term fixed rates. While we can t predict what the future holds, I d like to quote my Dad here, Good Real Estate held long enough always appreciates. *Source: pmms30.htm The homeowner who purchased in 2004 will eventually see appreciation and it s probably not too far off, but the homeowner who purchased in 2009 will have the opportunity to possibly see a very large tax fee gain that they can put in the bank or reinvest in a more suitable home that likely will continue to appreciate and have the opportunity to lock in super low fixed interest rates. Listing Inventory is down and we need listings! If you re thinking of Selling, why not give one of our agents a call and ask for a No Cost / No Obligation Strategic Pricing Analysis. It can t hurt to find out what your home is worth. Who knows, maybe it s time to upgrade so you can ride the market up in a more suitable home, or maybe you have some equity that you can use to pay down other debts or maybe even improve your current pad. All it takes is a phone call or an . There s an old saying You can have everything you want in life when you help enough other people get what they want. We d be honored to help you with your Real Estate needs this year and well into the future. Please, give the agent who sent you this newsletter a call if you or someone you know is thinking about taking advantage of this rising real estate market. We re skilled at helping you make informed decisions. To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at Until next time, may you have fair weather and following seas! Craig J. Beggins President, CENTURY 21 Beggins Enterprises

8 CENTURY 21 Beggins Enterprises Gulf Blvd. D Madeira Beach, FL or International real estate opportunities are everywhere. New people move to the U.S. from other countries every day and foreign-born individuals residing in the U.S. move to our market. If you are an American looking to invest in property overseas, no matter which international market you might be interested in, or want your property exposed overseas your Certified International Property Specialists, Michael and Donna Reichenbach will provide you with the knowledge, research, network and tools to maximize the opportunities. Call us! 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.