Waterfront Equity & Investment Property Wizard Pinellas Beaches & Commercial Vol

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Waterfront Equity & Investment Property Wizard Pinellas Beaches & Commercial Vol. 06-18 YOUR FINEST REAL ESTATE EXPERIENCE...GUARANTEED!

9995 Our goal is to provide you up to date information and knowledge: Michael Reichenbach, CCIM, SFR, CIPS, TRC Commercial Broker Associate MReichenbach@CCIM.net 727.641.5918 www.c21beggins.

1 Waterfront Equity & Investment Property Wizard Pinellas Beaches & Commercial Vol YOUR FINEST REAL ESTATE EXPERIENCE...GUARANTEED! Donna Reichenbach, GRI, CIPS, TRC, MRP Waterfront Property Specialist Our goal is to provide you up to date information and knowledge: Michael Reichenbach, CCIM, SFR, CIPS, TRC Commercial Broker Associate 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 development, income and real estate 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. Two things to start, first Donna sprained an ankle, while working and showing properties and so the Wizard is mailed to the Islands this month and not hand delivered. She enjoys meeting so many of you each month, keeping up on how things are and how we may help. We hope the information provided helps keep you up to date on the values and trends that occur in the local real estate market and in the area. Yes all Sellers and most owners want values to go up, just in case but without tax consequences. Buyers will continue to have appraisal problems, but you can t beat the neighborhood or location to the Gulf, the lifestyle and the friends. Secondly, our job is to provide superior service to our sphere of property owners and we personally do not feel we need to take positions on political or development issues, contrary to the those that have accused us of being associated with those. We don t create change, but do feel it important to keep people up to date on what is happening and being discussed. We do believe in people s property rights being protected. Yes, change is inevitable, and we encourage all sides to know the facts and not just the rumors. Change must be managed even if it cannot be stopped and it can be controlled. Nobody wants more taxes and everyone wants the services they deem most important, usually to do with fixing the infrastructure. We know that many people are now updating homes, some adding floors, some rooms, or garages. We know there are concerns with flood insurance and cost. Some say everything on the ground level will have to be torn down. Many of those that can afford to live out here no longer want to climb stairs. What the world needs now is a good residential escalator, which would be much easier and more fun than elevators. It was brought to our attention, with all the building going on, there are more and changing requirements from local and maybe later other governmental agencies. While many people are happy to stick it to the builders and developers, they may be less happy to have interference from the local government in what you can do with your property. (Continued on Page 2)

2 Pinellas Beach Real Estate Statistics June, 2018 Item Detail Residential Properties Madeira Beach 106 Properties Active and 20 Sold in May $398/SF asked in MB for Active Listings and $363/SF accepted for Sold Listings. Residential Properties Treasure Island 120 Properties Active and 48 Sold in May $399/SF asked in TI for Active Listings and $298/SF accepted for Sold Listings Residential Properties in the 3 Redingtons 89 Properties Active and 26 Sold in May $403/SF asked in Redingtons for Active Listings and $384/SF accepted for Sold Listings Residential Properties in St Pete Beach 136 Properties Active and 50 Sold in May $396/SF asked in St Pete Beach for Active Listings and $357/SF accepted for Sold Listings Residential Properties in Indian Shores/Rocks 101 Properties Active and 37 Sold in May $421/SF asked in Indian Shore & Rocks for Active Listings and $362/SF accepted for Sold Listings Residential Properties in Belleair Bch & Shore 42 Properties Active and 7 Sold in May $418/SF asked in Belleair Bch & Shore for Active Listings and $437/SF accepted for Sold Listings Residential Properties in Clearwater Bch/Island Est 282 Properties Active and 61 Sold in May $428/SF asked in Clear. Bch for Active Listings and $386/SF accepted for Sold Listings Residential Properties in Tierra Verde/Isla Del Sol 130 Properties Active and 53 Sold in May $314/SF asked in Tierra Verde for Active Listings and $266/SF accepted for Sold Listings Multi Family Properties Pinellas Barrier Islands 32 Properties Active and 5 Sold in May $401/SF asked for Multi-Family Active Listings and $301/SF accepted for Sold Listings Commercial Properties Pinellas Beaches for sale 24 Properties Active and 1 sold in May (Continued from Page 1 From Mike) $278/SF asked for Listings and $58/SF Sold Listings Statistics per MLS as of 06/20/2018 Of current note and what seems to worry some, as included on Page 6 of this Wizard is a copy of a form now being given for new construction. Paragraph 6 of the from which states in part, The owner and subsequent owners agree to allow a representative of the City of Madeira Beach in the premises to verify compliance with this agreement No reasonable belief an infraction has occurred is required? While the form s title implies the requirement of FEMA and the Federal government, we in the real estate business have seen too many required government forms sent down by the State or Feds to not have heard of this as a government mandate. The Florida Real Estate Commission is quick to provide forms mandated by the government and FEMA would likely have a Federal form. If this is a local decision, when will this form will be required of all those that do any type of construction requiring permits? Government extending its hand further and further into business and commerce causes many to pause and be concerned. The government inviting itself into your home may be a new concern. Or what is it they say? If you have done nothing wrong While they are there, what else may they look for. Of course, if you have complete faith, no matter who is in power, then no problem, but Buyers are already walking away from buying homes because of this.

U7852787 505 Lillian Dr $2,000,000 This custom-built, Certified Florida Green Home lives on ground level, built above the flood plain offering prestigious living in a limited access community.

41 acre estate will exceed your expectations.

of your entertaining, lounging and dining. This all flows from the great room of this 2,713 TSF 3 bedroom 3 bath well designed block home.

This one-story home is large enough for your family to visit and easy for all to maneuver without stairs and obstacles in the way. 207 176th Ave E, Redington Shores $800,000 LIVE THE DREAM!

Porcelain tile floors, an updated kitchen, a master suite with bonus lounge area overlooking the water all help to make this Florida living at its best.

3 U Lillian Dr $2,000,000 This custom-built, Certified Florida Green Home lives on ground level, built above the flood plain offering prestigious living in a limited access community. Combining the finest details and appointments throughout and gracious outdoor living with covered lanais, pool, an outdoor kitchen and breathtaking views across the Bay, this large 0.41 acre estate will exceed your expectations. Your entry through elegant lead glass doors provides a magnificent view to the great room with 12 + ceilings, through 20 disappearing sliders to the lanai, a pool table and designed for your largest parties. The stunning gourmet kitchen with granite, custom wood cabinets, gas range, double oven and stainless appliances is accented with a tray ceiling, hidden pantry and breakfast nook overlooking the pool and more. U Johns Pass Avenue $900,000 Everyone will enjoy year-around carefree outdoor living with your own newly redone pool, spa and a large stone deck patio in a fenced in yard with room for all of your entertaining, lounging and dining. This all flows from the great room of this 2,713 TSF 3 bedroom 3 bath well designed block home. This home also features a formal living area, fireplace, bonus room, custom floor tiles and large kitchen. The Master bedroom is en-suite with great water views and direct access to the patio. This one-story home is large enough for your family to visit and easy for all to maneuver without stairs and obstacles in the way th Ave E, Redington Shores $800,000 LIVE THE DREAM! Great open waterfront 3 bed / 3 bath / 2CG home features 2,065 HSF, an open floor plan and is just a few blocks and a short walk from the beach. Porcelain tile floors, an updated kitchen, a master suite with bonus lounge area overlooking the water all help to make this Florida living at its best. The expansive sliders open to the deck with your special pergola, swim spa and a wide deck and boat lift for all your toys. Two more bedrooms and baths to accommodate your guests or office space for when you have to work, the rest is right here with views across the bay, the breezes coming from the Gulf and ample parking and garage space for guests and parties. U GULF BLVD, #601, T I $550,000 This direct Gulf-front, SW corner, Penthouse offers 2 bedrooms 2 baths within one of the beaches finest condo-hotels. In-house management, if desired, the property provides guests a large heated swimming pool, outdoor grills and shaded picnic area with barbeque, beachside hammocks and volleyball, a protected ping-pong area, shuffleboard, and a large grassy play area for kids and wireless internet for all, and 24-hour check-in. This unit has great updates, a private balcony large rooms and all overlooking the Gulf of Mexico. Add to that a history of rentals and income. Within easy walking, Treasure Island offers great dining, shopping and entertainment. U Lillian Dr, Madeira Beach $520,00 This home is located on a limited access island of waterfront homes with a deep water dock and easy access to the Gulf of Mexico. This 3 bedroom / 2 bath home offers a large spacious living-dining room with views out to the water. The kitchen and large family room also offer views of the water and open to a sun-room and a large back yard with ample room for a pool if desired. Master Bedroom is ensuite, and the remaining bedrooms are a comfortable size as well. U GULF BLVD, #A, BELLEAIR BEACH $475,000 Your 3 bedroom/3 bath condo along the beaches of Belleair. This large gulfside condo overlooks the pool and is just steps from some of the finest Florida beaches. This 1,525 HSF ground level condo even includes a Guest suite layout with its own private entrance, kitchenette and large bedroom. The large living room, tile floors, private patio and open floor plan to the kitchen make Florida living easy and fun. Your own washer/dryer, skylights and furnishings are all in place and make Florida living a dream come true. This short-term (1-week minimum) rental unit can provide income and each unit has reserved parking. Belleair Beach is close to Clearwater Beach, T Gulf Blvd 1403, MADEIRA BEACH $272,900 Pre-Construction. To be built. Madeira Bay resort is the ultimate property to own. Located at the northern tip of Johns Pass Village one of the most visited attractions in Florida with shops, restaurants, bars, fishing charters, jet ski rentals, parasail boats etc.. Everything you could imagine for the ideal vacation right at your door step. This resort condo provides the best of all worlds. A place to come and enjoy when you want to and on site rental management for rentals for when you're not here

U7840895 00 S MISSOURI AVE, CLEARWATER $2,000,000 Few commercial opportunities will feel good no matter what your use.

If you are analyzing for a change of use, this property offers a well-constructed 5,000 +/- SF building able to be set up for your ideal use, street access on three sides and 250 on the main

. U7815413 00 Gulf Blvd., St Pete Beach $825,000 This location is great if you want your business in the heart of the Pinellas, FL s best-known beach community, St Pete Beach.

Petersburg and the Tampa Bay area. Available for many uses and possibilities. Floor plan and layout ideal for many uses and easy to change to suit your needs.

It is at the corner of Alt 19 and Brevard St, the road leading to Wall Springs Park.

4 U S MISSOURI AVE, CLEARWATER $2,000,000 Few commercial opportunities will feel good no matter what your use. If you want a great restaurant location and business, none will look as good as this with great exposure, a clean newer building with state of the art equipment, good signage and reputation. If you are analyzing for a change of use, this property offers a well-constructed 5,000 +/- SF building able to be set up for your ideal use, street access on three sides and 250 on the main thoroughfare with a traffic count exceeding 34,000 V/D. Ample parking and an even bigger parking lot strategically situated on this 1.15-acre lot enable even more uses for further development.. U Gulf Blvd., St Pete Beach $825,000 This location is great if you want your business in the heart of the Pinellas, FL s best-known beach community, St Pete Beach. Along with great exposure, good parking and high traffic count, this location along the main thoroughfare is complimented with great signage and access and offers easy access from all parts of St Petersburg and the Tampa Bay area. Available for many uses and possibilities. Floor plan and layout ideal for many uses and easy to change to suit your needs. U th Ave S, St Petersburg $250,000 This commercial corner lot is ideally located on Alternate 19 in Palm Harbor. It is at the corner of Alt 19 and Brevard St, the road leading to Wall Springs Park. This lot has many potential commercial and industrial uses including a great location for your business or site to expand or enhance your business. As a 0.32-acre corner lot and 92 feet on Alternate 19, this property offers great exposure, easy access and good signage possibilities as well. The lot is currently fenced and offers 13,875 SF. U N Park Ave, Bartow, FL $275,000 This commercial industrial building is located very conveniently just off Hwy 98, N Broadway Avenue and Old Bartow Eagle Lakes. Just blocks from East Van Fleet and Main Street and ready for your use. So many potential uses, this concrete block building offers 2 overhead doors for easy delivery and access. In addition, 12 + high ceilings and 50+ foot wide bay area will facilitate many easy configurations for equipment, storage and more. This is a working building with 2 office, Rest Room, Tool/Storage and more open all available for your needed use. 220 & 190 Electrical in place, this 4,401 SF building can be vacated as needed for the next owner Park St N, St Petersburg $170,000 Situated in the heart of historic Jungle Terrace in St Petersburg, this 2 bedroom / 1 bath home is the ideal investor or future home for a new family wanting to be close to shopping, the beaches and more. This 962 HSF home with 1,312 TSF features a metal roof in keeping with the design, is well maintained and comes with a Home Warranty. Tenant in place with a lease in place for continued income. Located just a few blocks from Walter Fuller Park with playground, ball fields, open space and pool complex, this will be a great place to raise a family or a location that will continue to be desired by tenants. U TH AVE NE, LARGO $228,000 This must see, comfortable, well maintained home offers the very best in Florida living. A scenic lake view from the front reminds you of the tranquility of the neighborhood. The location will make you feel safe and secure. The nearby Highland Recreation is within walking distance. This home offers 2 bedrooms, with as a family room, 2 bathrooms, and a large living-dining area. The kitchen has wooden cabinets, flat top range, dishwasher, side by side fridge and disposal. A 13 SEAR A/C, indoor utility, newer windows and sliding doors and the 2-car garage further improve efficiency and costs. A large screened-in porch opens to a fenced in backyard with shade trees for pets and kids.

U8003366 22 Acre Parcel S Terrace & Bingham $475,000 These 2 adjoining parcels offer a developer the unique opportunity for development or a complete community overlooking Eagle Lake.

Well laid out with varying potential for lot sales or a new home development, this parcel offers the unique proximity to the Lake, easy access to main roads and location central to the latest

U7831352 Lot 0320 141st St, Seminole, FL $195,000 U7812338 Lot 0570 140th St, Seminole, FL $290,000 Great development parcel located at the west end of Seminole in the Harbor View subdivision.

this property is located at the west end of Seminole in the Harbor View subdivision.

51 acre +/- lot overlooks the wetlands with enough room and privacy for the estate home of your dreams with development possibilities.

5 U Acre Parcel S Terrace & Bingham $475,000 These 2 adjoining parcels offer a developer the unique opportunity for development or a complete community overlooking Eagle Lake. These parcels have acres acres of medium and low density residential zoning per the City now. Well laid out with varying potential for lot sales or a new home development, this parcel offers the unique proximity to the Lake, easy access to main roads and location central to the latest development in the area. Just blocks to Eagle Lake Elementary and City Hall. Call for details or further information. U Lot st St, Seminole, FL $195,000 U Lot th St, Seminole, FL $290,000 Great development parcel located at the west end of Seminole in the Harbor View subdivision. With direct access from 141st Street and adjacent to developed properties this 187 x 172 +/- lot overlooks the wetlands with enough room for the estate home. this property is located at the west end of Seminole in the Harbor View subdivision. With direct access from 141st Street and adjacent to developed properties, this property provides easy access for development. This 1.51 acre +/- lot overlooks the wetlands with enough room and privacy for the estate home of your dreams with development possibilities. U Alt 19 & Brevard St, Palm Harbor $250,000 This commercial corner lot is ideally located on Alternate 19 in Palm Harbor. It is at the corner of Alt 19 and Brevard St, the road leading to Wall Springs Park. This lot has many potential commercial and industrial uses including a great location for your business or site to expand or enhance your business. As a 0.32-acre corner lot and 92 feet on Alternate 19, this property offers great exposure, easy access and good signage possibilities as well. The lot is currently fenced and offers 13,875 SF. U Crystal Beach Rd, Lot 060, Eagle Creek $150,000 This large 36,500 SF Lot is ready for your lakefront home. With 110 feet running along the water, open views across the lake, this 100 x 365 lot offers ample space for any custom design or plan you may have for your lakefront compound. Across the street from 5721 Crystal Beach, you will have great views of Eagle Lake, and easy access to the entire area via Spirit Lake Rd and Hwy 17. Great lakefront living and all still close to the Bartow airport and convenient to Winter Haven, Bartow and all of central Florida Two Safety Tips for Your Electrical System From 21 Online The safety of our home's electric system is often something we take for granted. From hitting a switch to illuminate your space, to plugging in and charging your devices, we rarely consider the currents coursing through our walls. However, to keep your family safe and your home secure, it's important to consider your electrical system, and whether or not your system is safe. Get to know your electrical system better First and foremost, spend some time becoming more familiar with the home's electric system. Learn what runs on each circuit, and get to know the limits for each. Overloads can be dangerous, and electrical fires from overloads can do a lot of damage in a little amount of time. Don't overdo it with extension cords Extension cords are great for reaching a little further with items like electric blowers or work lights, but it's important to remember to use them safely. Don't daisy chain multiple cords together, and don't use them for items that will pull more power than the extension cords are designed to handle. They can overheat, short and even be the cause of a house fire.

7 The Dog Days of Summer Empower Educate Encourage From our Broker Summertime, coming soon, is typically a Great Time to buy and sell. Yeah, I know, I sound like a Real Estate Broker but I have years of trends to back up our higher sales volume during the summer months. Let s speculate on why that may be. People like to move when school is out and want to be in their new homes by the time school starts back. For Sellers, you want to be on the market when buyers are looking, and Buyers, you want to be in the market when Sellers are selling. However, nationwide we re hearing about the housing shortage. This means that there are many more Buyers than there are homes available for them to buy, and they want to buy - now. At today s sales meeting, I reported that 8 of the 10 markets where we have offices are classified as having an inventory shortage (less than a 6 month supply of homes). The other two are close at 6.7 and 6.8 months. A 6 month supply of homes is considered a balanced market. Equal for Buyers and Sellers as opposed to a Sellers Market (less than 6 months) or a Buyers Market (more than 6 months). An anomaly in many markets are the New Home Builders. Although they re not building as much as they were in the 2005 boom, they are alleviating some of the shortage of housing supply in many of the markets we serve. It appears that they can t build them fast enough, with most of them speculating and putting homes in the ground in anticipation of future buyers. This is an interesting condition that is actually creating demand for some homeowners to put their homes on the market. As technology and innovation expand, many of these new communities are creating awesome amenity packages. Things like Ultra Wi-Fi communities where residents enjoy Ultra-Fast wireless Wi-Fi to their own networks while in their community. This service is superfast and is typically way less expensive than your or my current cable bill. Who wouldn t want to live in a community with a 5.2 acre resort pool with swim-up bars, sailboat, paddleboard and kayak launches? Smart home technology is almost commonplace now in these newer communities as well. Some families, especially the techy ones, are wanting to move into these new neighborhoods, which in many cases creates the need to sell their current home. One final note: Interest rates are trending up, adding more reasons to buy and sell soon. The combination of rising prices and rising interest rates could end up pricing some people out of the market. Sellers would have fewer buyers able to buy their home, while Buyers would have fewer homes from which to choose. So, while we have no choice but to deal with the current market conditions in the areas where we live, CENTURY 21 Beggins has a vast array of knowledgeable sales associates willing to dive in and help you explore your options and supply you with the vital information to make the right decision for your needs. As a provider of Life Betterment Solutions, we re here to help. If you re even remotely thinking of Moving Up Moving Down - or Simply Moving Around, please feel free to reach out to the agent who sent you this newsletter. We re happy to Empower, Educate and Encourage you to make sound decisions. We ve got your Back. Until next time, may you have fair weather and following seas! Craig J. Beggins President, CENTURY 21 Beggins Enterprises

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

Pinellas Beaches & Commercial

Waterfront Equity & Investment Property Wizard Pinellas Beaches & Commercial Vol. 1-16 YOUR FINEST REAL ESTATE EXPERIENCE...GUARANTEED! Donna Reichenbach, GRI, CIPS, TRC Waterfront Property Specialist