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. consumers who will then flock to it and see ads and buy something. So much is said about the internet and what it provides. So much so, that many people almost consider it gospel. The if it is on the internet it must be true philosophy is used by politicians, pundits, advertisers and sales people to promote their philosophy, opinion, bias or calculations. Though much information is available it must be verified for one and the user must then decide just how useful it is. On Page 3 of this Wizard, I have included a table of various websites estimation of the value for a recently sold waterfront property. To see how that same exact property fared with each of the 8 sites, look at the graph s widely different values, each offered with a disclosure somewhere, but probably too small to read. In addition we have included the value of property per the Property Appraiser. That office not only values properties but charges for the value. With the exception of the Property Appraiser, each of these web sites is in business to sell space to advertisers and all based on the premise that their information will be of interest and value to For the Homeowner who needs to know if they are in a position to sell, or even the homeowner who is thinking about selling a property themselves as a FSBO, these web sites or the one or two actually looked at by an owner often greatly influence pricing. Even these I ll buy your home quick places will offer a web based tax or assessed value to justify their low price. What is most evident from this one example is that variances are great, over $300,000 for a $700,000 +/- property, but most distressing is that none of the values were even close. Even averaging the values, which many might think makes sense when you have several would have shortchanged the Seller and the Median value would by even more. By the way the difference is far bigger than any commissions to sell would be. What this tells you is internet data is not sacred and the only way to truly know the value is to know the area, market and then to analyze and add extra value. Call us when you are ready. (See Page 3)

2 Pinellas Beach Real Estate Statistics September, 2014 Item Detail Residential Properties Madeira Beach 83 Properties Active and 330 Sold in September $318/SF asked in MB for Active Listings and $268/SF accepted for Sold Listings. Residential Properties Treasure Island 132 Properties Active and 32 Sold in September $310/SF asked in TI for Active Listings and $257/SF accepted for Sold Listings Residential Properties in the 3 Redingtons 122 Properties Active and 19 Sold in September $344/SF asked in Redingtons for Active Listings and $267/SF accepted for Sold Listings Residential Properties in St Pete Beach 128 Properties Active and 27 Sold in September $330/SF asked in St Pete Beach for Active Listings and $244/SF accepted for Sold Listings Residential Properties in Indian Shores/Rocks 134 Properties Active and 22 Sold in September 328/SF asked in Indian Shore & Rocks for Active Listings and $259/SF accepted for Sold Listings Residential Properties in Belleair Bch & Shore 46 Properties Active and 4 Sold in September $361/SF asked in Belleair Bch & Shore for Active Listings and $266/SF accepted for Sold Listings Residential Properties in Clearwater Bch/Island Est 274 Properties Active and 37 Sold in September $372/SF asked in Clearwater for Active Listings and $304/SF accepted for Sold Listings Residential Properties in Tierra Verde/Isla Del Sol 189 Properties Active and 29 Sold in September $247/SF asked in Tierra Verde for Active Listings and $192/SF accepted for Sold Listings Multi Family Properties Pinellas Barrier Islands 57 Properties Active and 8 Sold in September $286/SF asked for Multi-Family Active Listings and $174/SF accepted for Sold Listings Commercial Properties Pinellas Beaches for sale 54 Properties Active and 2 sold in September $318/SF asked for Listings and $118/SF for Sold Listings Statistics per MLS as of 10/10/14 How to have a safe but fun Halloween From Online Halloween is here! Celebrate safely by: Dressing children in bright, flameproof costumes. Making sure costumes don t obscure children s vision. Driving safely. Inspecting candy before kids eat it. Taking a cab home or enlist a designated driver if you ve been drinking at a party.

3 How to tell if you're ready to sell your home From 10/14 21 Online. Is it time for you to sell your home? You've been to Century21.com, you've looked at the available homes and you've starting picturing yourself living in your favorites. But how do you know if it's time to sell your home and make the move? Ask yourself these questions to see where you stand: Do you want to be somewhere else? Why? Answer this pair of questions with the whole year in mind. You aren't alone when you dream of living on the beach during the coldest days of winter. You need to determine whether you want or need to be somewhere else year round. Moving for work or to be closer to family can be a powerful motivator. What about your children? Do you want to move to get them into a better school district? If you have a compelling reason behind your desire to move, you're on your way to being ready to sell. Are you ready financially? Buying a home is a significant expense, so it's important to have your finances in order. Do you have money set aside for a down payment? Have you figured out how much mortgage you can afford? The larger your down payment, the smaller your mortgage will be. I am here to help you with these questions. Do you still love your home? Your current home has been the site of some great memories. Can you take the memories with you and leave the home behind? Selling your home means viewing your home as a product instead of your home. You may have to paint walls, upgrade appliances or alter landscaping in order to make a sale possible. Are you ready to do these things? If not, you may not be ready. (From Page 1) Confused about your property s value Actual Sold Property: Gulf Townhome in Madeira Beach Website Price Your Property Zillow.com $675,892? Trulia.com $569,810? SmartHomePrice.com $701,000? Homesnap.com $709,200? Homes.com $711,900? Redfin.com $385,000? Epprasial.com $514,365? Housevalues.com $480,548? Property Appraiser $668,876? Average: $601,843 This townhome recently sold for $742,500. The difference of $140,657 is the amount the seller would have lost by trusting the Internet.

4 U N Belcher #H2 Office $ 285,000 This professional/medical office space is located on one of the county s main N-S corridors This comfortable office condo offers 2,519 HSF of well-designed medical office space including an attractive waiting room, large admin and registration office, a circular designed suite of 6 plumbed treatment rooms plus 2 executive offices, nurse s station, 3 handicapped baths, an interior office, ample storage, 3 A/C systems and high ceilings throughout. The interior space can be used as is or easily modified to fit your exact specifications, but the items you cannot change, the greenscape looking out, the attractive and functional exterior, the well maintained grounds 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 Seminole Investment $925,000 This centrally located commercial strip center offers investors a great opportunity for income and appreciation. Located on a main North-South thoroughfare of Pinellas County and with new leases in place and upgrades forthcoming, a new owner will have steady income and potential for even more. Located on high traffic area with great exposure and opportunity. NDA required and POF required for info and records. 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, and instrument # , encompassing 13,273 sq. ft. of submerged land immediately adjacent to the westward seawall. The marina facility also holds a "Closure Report", which verifies that the land has been certified to be environmentally clean. U US Hwy 19, Port Richey $300,000 This commercial lot may be just right for your needs. This large corner lot offers 150 ft. frontage on US Hwy 19 close to development, residential and ideal for a number of commercial applications. Current zoning is OOC2 allowing for uses to match your business needs and close to the clients you want. The daily traffic count exceeds 55,000, and located just south of SR 52, this can be the ideal location for your enterprise. Uses may include restaurant, fast food, convenience and more. U Landscaping Business Available $ 59,500 After 22 years of successful business operations, Seller is looking to move out of the country and this ongoing business is now available. In Florida, landscaping and yard care continue to provide more and more opportunities for service minded and entrepreneurial people. This business has established accounts, a great cash flow and well maintained equipment, all to make this a wonderful opportunity to increase income, establish a base for even more business in the future and effect the American dream to a better lifestyle and freedom. As a home based business, expenses can be low, staffing is minimal and trained and the equipment includes trailer, X Mark mowers and Stihl equipment and all is well maintained. Seller able to assist in turnover, training and account transfers so all you need is the desire to succeed and the minimal investment to start

5 582 Johns Pass Ave, Madeira Beach, FL 1,950,000 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. Grounds, lanai, and home provide the ideal venue to share the Florida lifestyle with you closest friends or entertain the entire company. This is a must-see to truly Live the Dream in style and elegance. U Bay Point Blvd., Madeira Beach, FL 425,000 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 liv- U Bay Point Dr, Madeira Beach, FL $465,000 This is truly one of the great views from the barrier islands, and close to Johns Pass offering direct and easy access to the Gulf of Mexico, the Bays, islands, and waterfront restaurants and pubs. Yes, this property does require some work, but with this footprint, total square footage and location you can have your home instead of someone else s and at a great price. This property includes two bathrooms, space for a 3 rd bedroom, an open floor plan and all in a reserved and discreet neighborhood away from the crowds, noise and bother of Gulf Blvd and still minutes from the beaches, restaurants, etc. U Bay Point Dr., Madeira Beach, FL $450,000 This Florida waterfront home is truly a must see. The views across the open water offer Florida as it rarely seen. The deep water dock and lift only increase the fun with an ideal place for your boat and toys and give you an ideal place to enjoy our evening sunsets and morning sunrises. The front and back covered patios provide shade and comfort for all seasons. Every window and door has been upgraded with Andersen Hurricane/UV-windows and doors to provide maximum protection, security, and savings. The interior is an open plan with ample room for parties, and get-togethers, and the large bedrooms and ample closet space provide personal comfort and space as well. The interior utility room, second bath and cozy kitchen add to your Florida lifestyle to truly enjoy this move-in ready home U Gulf Blvd #4, Madeira Beach, $115,000 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 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 Shipwatch Dr #346, LARGO $230,000 Your condo overlooking the intra-coastal waterfront is just minutes from the sands and sunsets of the Gulf of Mexico. 56 acres of walking paths, manicured lawns, three pools, a world-class tennis club, a private harbor, fitness center and a restaurant to give you all the advantages of country club living and the beach close at hand. This unit comes with its own deeded boat slip and lift to allow you to completely enjoy all Florida has to offer and all within a 24 hr. gated and secure complex with ample parking for guests and visitors. In addition to the views from your private balcony overlooking the gardens and Intracoastal the master bedroom also offers great views. This large 2 bedroom, 2 bath unit also offers covered parking, and a separate storage unit for toys and tools. U st Street Seminole $ 275,000 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. 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.

7 Happy Fall From Craig Beggins Broker As we embark into the 4 th quarter I see a lot of promise for our Real Estate Market. Looking back to the Fall of 2013 there were quite a few series of events that led to a depressed 4 th quarter. Most important to our area was the implementation of the 2012 Biggert-Waters Flood Insurance Act. This poorly executed plan nearly eliminated sales of homes in special flood hazard areas. In addition, many would-be Bay Area home buyers from the midwest and northeast still had not regained the necessary equity to sell their homes and move to our area. The repeal of BW-12 has led to more normal sales of homes in Special Flood Hazard Areas, and the continued improvement of real estate values nationwide should provide a sunny outlook for Q4 sales this year. The New Home builders are taking actions to prepare for a strong selling season as well. Move-In Ready inventory is at the lowest it s been in years and To-Be-Built inventory is in steady demand. What s interesting to me is that it seems that the home builders are steadily increasing prices with each new release of home sites. It s important to understand that these price increases are not simply improving the builder profits; rather they re the result of the need to cover increasing land and labor costs. We re seeing the cost of new inventory in many neighborhoods becoming substantially higher than similar homes sold just a few years ago. There are two ways to look at this information. The first is, Oh well, we missed out, but the other is, Thank goodness home prices are going up again. Can you imagine buying a home when you expect the price to be worth less in the future? Seeing home price gains is good for the market and the economy. What s especially exciting for our area is that our existing home prices are still below replacement cost and with new construction all around us it s pretty clear which way prices will go. So now is a good time to Move up, Move down or simply Move around. Take advantage of today s low fixed mortgage rates and ride out the good times in a home that s more suitable to your current lifestyle while you build equity in a home that you purchased below replacement cost. 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. 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. 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 U Johns Pass Avenue, Madeira Beach, FL $750,000 LIVE THE DREAM in Florida luxury. 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 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 + SF lot located near the cul-de-sac you have protected harborage and open views. The property also has a large 2-car garage, a 7 x 9 foot utility shed, paved driveway, updated windows and doors and landscaped gardens to provide nature s beauty and shade throughout the year. The Crystal Islands offer a limited access waterfront community, just minutes away from the finest beaches in Florida, and Johns Pass Village for shopping, dining and entertainment, with a short drive to Tampa International Airport, several great museums and arts districts and many of the world s most famous theme parks, zoos and aquariums. U Clark Street, Hudson, FL $1,075,000 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 20 wet slips with water and electrical service to each along with a 100 +/- 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 with an extra commercial lot included provide a great opportunity for business. Boat and other rentals with a boat included as well, concierge service and convenient location from Hwy 19 and all local and inland residential areas add to the plan and opportunity. CENTURY 21 Beggins Enterprises DonnaReichenbach@TopProducer.com Gulf Blvd. D MReichenbach@ccim.net 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 Reichenbach@topproducer.com MReichenbach@ccim.net This is not a solicitation to list for parties that currently have their property listed.