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 DonnaReichenbach@topproducer.com 727.492.9995 Michael Reichenbach, CCIM, SFR, CIPS, TRC Commercial Broker Associate MReichenbach@CCIM.net 727.641.5918 www.c21beggins.com/mr 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. As we start 2016, we want to thank all of our clients and property owners who have been so kind as to allow us to serve you. Whether to provide information on tradesmen, experts or services or to get updated information on insurance, property values or comparable properties we love the job. To those that have referred your business associates, friends or family to us so we may help them or those that allow us to list and sell your property we thank you. Out of the 19 properties listed and sold on Madeira Beach s islands we have been able to represent the Sellers or Buyers in 7 of them. Again the #1 Agent in the local neighborhood and with our many other closings and CENTURY 21 s Centurion Award continue to be the #1 Pinellas Agent for the largest CENTURY 21 franchise in Florida. There are many questions about the markets we serve and the markets in general. Real Estate generally moves in cycles, and are we at the top, going up or coming down? When will the next down turn come? Is it a good time to buy or better to sell? What will be the effect of changes in flood insurance rates or policies? Will increased development in the communities enhance or decrease my property values? Should I build up on my lot or cash out? Most importantly how much is my property worth today? And while all the statistics show that more and more real estate inquiries start on the internet, it is local knowledge that ultimately is best able to market the area, bring the Buyers and produce the results today s customers need. Certainly all the new construction in the area inspires questions. Will Madeira Beach be like Sand Key with the approval of another project? How much traffic will be added to the roads with each new development? How many hotel rooms does the community need or want? Will increases in local tourist tax revenue benefit me and if so how? Madeira Beach may well see some of the most dramatic changes along the beaches. We have more old duplexes and cottages along our roads than any community, and many of them have the advantage of close proximity to the beach and the disadvantage of being off the water. Hopefully the City will find a way to allow for better redevelopment of those parcels for shorter term rentals or at least larger properties on the lots so that the need and costs for new development can cover the cost for land.
Pinellas Beach Real Estate Statistics December, 2015 Item Detail Residential Properties Madeira Beach 81 Properties Active and 23 Sold in December $341/SF asked in MB for Active Listings and $290/SF accepted for Sold Listings 196 Properties sold in 2015 at $278/SF average price. Residential Properties Treasure Island 139 Properties Active and 20 Sold in December $327/SF asked in TI for Active Listings and $304/SF accepted for Sold Listings 347 Properties sold in 2015 at $276/SF average price. Residential Properties in the 3 Redingtons 123 Properties Active and 16 Sold in December $364/SF asked in Redingtons for Active Listings and $292/SF accepted for Sold Listings 253 Properties sold in 2015 at $292/SF average price. Residential Properties in St Pete Beach 132 Properties Active and 31 Sold in December $336/SF asked in St Pete Beach for Active Listings and $264/SF accepted for Sold Listings 347 Properties sold in 2015 at $282/SF average price. Residential Properties in Indian Shores/Rocks 162 Properties Active and 34 Sold in December 370/SF asked in Indian Shore & Rocks for Active Listings and $317/SF accepted for Sold Listings 352 Properties sold in 2015 at $280/SF average price. Residential Properties in Belleair Bch & Shore 46 Properties Active and 8 Sold in December $378/SF asked in Belleair Bch & Shore for Active Listings and $384/SF accepted for Sold Listings 67 Properties sold in 2015 at $311/SF average price. Residential Properties in Clearwater Bch/Island Est 298 Properties Active and 36 Sold in December $378/SF asked in Clearwater for Active Listings and $296/SF accepted for Sold Listings 551 Properties sold in 2015 at $310/SF average price. Residential Properties in Tierra Verde/Isla Del Sol 216 Properties Active and 27 Sold in December $286/SF asked in Tierra Verde for Active Listings and $229/SF accepted for Sold Listings 409 Properties sold in 2015 at $222/SF average price. Multi Family Properties Pinellas Barrier Islands 42 Properties Active and 2 Sold in December $270/SF asked for Multi-Family Active Listings and $240/SF accepted for Sold Listings 65 Properties sold in 2015 at $207/SF average price. Commercial Properties Pinellas Beaches for sale 41 Properties Active and 1 sold in December $296/SF asked for Listings and $424/SF accepted sold listing 23 Properties sold in 2015 at $237/SF average price. Statistics per MLS as of 1/15/2016
Madeira Beach, is the heart of the Pinellas beaches, with easy access to tampa s international airport, st petersburg s downtown Museum and Art district, and some of florida s finest theme parks and sport s venues. Brand new Miami style condos coming soon. Located right on Gulf Blvd, these 3 bedroom / 3 bath large 1,830 HSF condos offer the very best in Florida living. One floor per unit. Contemporary design, elegant finishes and great floor plans with private elevator access, balconies from the Living area and Master Bedroom, you will experience the finest in Florida living. A roof-top deck including lounge area, deck and spa pool and great views expands the Sunset and Sunrise experiences. The pool deck and patio downstairs provide casual relaxation, and the private garages provide space and security for your 2 cars or toys you want to enjoy. All of this with short term rentals providing great income potential so that you can enjoy the experience or benefit from it. Reservations being accepted now.
U7711138 582 Johns Pass Ave, Madeira Beach, FL $ 1,590,000 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. U7743528 531 Johns Pass Ave, Madeira Beach, FL $ 777,000 Every day you can enjoy the wide open views of Boca Ciega Bay, all the fun of intracoastal s islands, restaurants and clubs as well as quick access to the Gulf of Mexico and some of the finest fishing around via Johns Pass. In addition you have 70 feet on deep water with your own dock and lift, a decorator paved patio with your own spa dropping off into a large pool and the very best in the Florida lifestyle. Inside all this is comfortably seen and accessed through various sliding glass doors and large windows. This large 2,318 HSF single story home has been updated, tiled throughout, offers two large living areas, a wide open kitchen overlooking the water, a fireplace, a master bedroom overlooking and opening out to the water. In addition you have two more bedrooms along with a bonus room to use as a small office, etc. Parks and zoos. U7735775 544 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. U7761735 500 Johns Pass Ave, Madeira Beach, FL $ 695,000 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. 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 Intracoastal, 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. 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. U7751619 860 Bay Point Dr, Madeira Beach, FL $ 625,000 Live the dream with wide open water views across one of west central Florida s most desirable intra-coastal Bays. This large lot offers 75 on the open water and this lovely 1,606 square foot heated, 3 bedroom 2 bath home offers vaulted ceilings, great views, tile floors and gulf breezes. Pre-Loved and warranted, this home has been pre -inspected with all needed repairs completed, title, permit and lien searches are clean and a home warranty will insure your next home s appliances and equipment. This home has a newer air conditioner (2012), a 2 year old roof, newer sea wall (2011) and U7759343 2607 Gulf Blvd, IRB $ 474,000 Few Beach properties offer the advantage of such a great location. Short Term rental building right on Gulf Blvd across from the Gulf of Mexico for easy beach access to the advantage of the tenants and visibility for ease of advertising. In addition the elevated construction insures better insurance rates and offers under building parking, a utility room with coin operated washer/dryer and ample storage room. In addition this larger lot offers open and guest parking and a large back yard with room to relax and enjoy the Florida lifestyle. With two 2-bedroom units and 2 large 1-bedroom units this property offers great income and a great potential for an owner to enjoy one unit and rent 3..
U7754464 0 Retreat Cir, Clermont, FL $ 1,080,000 30 acre parcel with 4.1 acres of upland ready to develop. Beautiful wooded wetland conservation area. This property is located adjoining current development and provides multiple opportunities for development. Property is located close the theme parks, development and activities that make West Central Florida such a high growth area just primed for development. U7757854 140 112th Ave, TI $ 500,000 This well maintained and fully occupied 5-Plex offers great potential, good income and a location that is ideal for rental and beach enjoyment. This property is located just a short walk from Treasure Island s beaches. This property offers tenants easy access to shopping, dining, entertainment and grand sunsets along with all the festivities and activities that come with living on the barrier islands. These units all come with tile floors, newer windows, central A/C s and ample parking and well maintained grounds. In addition the complex has its own utility room/ laundry with coin operated machines. The property is located on a main road off Gulf Blvd for easy rentals. Apartments are individually metered for electric and tenants pay the electric bill. Feel free to drive by, but please do not disturb the tenants who are enjoying the Florida Beach lifestyle. U7760742 13064 Indian Rocks Rd, Largo $ 325,000 This commercial property offers so many possibilities. It is located on a high traffic N-S road (16,500+ per MPO), just minutes from the beach, but requiring no flood insurance and with a monument sign, easy access, more than ample parking, this property is ideal for many uses. One, is an artist s studio with room for a showroom plus a workroom and on-site apartment, or a retail space with plenty of storage or work space and additional apartment income, or a professional office space with more than enough parking. The oversized and almost half acre mature and wooded lot provide shade up front and room for new construction to fulfill any needs. This property is currently occupied, so please do not disturb the tenant, but will be vacant and available for an owner-user, for investment purposes or development. Drive by, notice the location and consider the possibilities. U7745062 3732-3748 137th Ave Largo $ 240,00 This well maintained 4-Plex consists of 2 neighboring duplexes located in the heart of Pinellas County. Easy access to all main thoroughfares and municipal transportation make this a desirable location for rental apartments. Each unit is a 2 bedroom/ 1 bath unit with tile floors and spacious rooms. A large common garden area create a community and ease of maintenance you will enjoy. Property is maintained and updated as needed, and provides steady income of $2,900/ month. This property description, sizes, units and lot sizes, etc., include additional 2nd Parcel. U7718965 0000 Produce Market for Sale $ 149,000 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.
What does it mean if a listing is contingent? From C21 On-Line Shopping for a new home can be a long and draining process, especially when you keep running into terms you don't recognize. Like what does a contingent listing mean? Should your offer be contingent? Let's explore what this standard realty term means. If a home listing has a contingent offer status, it means a buyer has made an offer and the seller has accepted. The sale, however, won't be finalized until certain criteria are met. In this situation, the parties can negotiate whether the home will still available for showings, as the seller may want entertain backup offers until the contingent offer either closes or falls through. These criteria could involve, for example, the following three categories: appraisal, home inspection and mortgage approval. 1. Home inspection: A home inspection gives the buyer the right to have the home inspected by a professional. A thorough inspection will identify certain conditions with the house, and the buyer may request to have those issues addressed before closing. 2. Appraisal: This contingency allows the lender to hire a third party to evaluate the fair-market price of the home. If the appraised value turns out to be less than the sale price, the buyer reserves the right to back out of the offer. 3. Mortgage approval: As a buyer, you can't sign a property sale without showing that you have the money to back up your signature. This contingency protects both the buyer and seller from getting involved in a sale without a proper loan. During this process, the buyer has a certain amount of time to obtain a loan. If the buyer can't find a lender willing to commit, he or she has the right to walk away with the down payment in hand. New Apartment Rental Survey Details What Consumers Want From C21 On-Line If you build or invest in multifamily properties, you already know that it's important to meet the needs of your tenants. So a new survey of nearly 120,000 apartment dwellers-the largest-ever survey of apartment residents should provide valuable guidance for landlords on not only what tenants are seeking in their homes, but also how you can provide it to attract and retain them. The National Multifamily Housing Council/Kingsley Associates 2015 Apartment Resident Preferences Survey analyzed data from tenants in 44 markets across the country about their priorities for home features, community amenities and more. Key findings include: Location remains key. While tenants consider many factors during an apartment search, one of the most important concerns location and walkability to shopping, restaurants, bars and mass transit. On-site package acceptance is expected. With the rise of online shopping, it's important to tenants that the management office accepts packages for residents-or provides some type of package lockers. Mobile is a must. Over half (53%) of tenants tested connectivity during their apartment tour, and 98% said good reception is important. Pets need pampering. With 33% of renters owning a pet, amenities geared toward animals are in demand. These include community dog parks and pet-washing stations. Electronic payments are preferred. Writing checks is so old school; 78% of renters prefer paying online, and 63% prefer paying with a credit card. For more information about apartment resident preferences, see nmhc.org/residents or use the contact information above.
Madeira Beach Islands Report Active on the Market ML # Status Address Sq Ft Heated Current Price Beds Baths Year Built Pool ADOM LP/SqFt 1 U7758847 ACTIVE 605 FLAMINGO DR 1,976 $580,000 3 2.5 2001 None 39 $293.52 2 U7761735 ACTIVE 500 JOHNS PASS AVE 1,850 $695,000 3 3 1963 None 6 $375.68 3 U7735775 ACTIVE 544 LILLIAN DR 2,174 $775,000 3 3 1961 Private 251 $356.49 4 U7743528 ACTIVE 531 JOHNS PASS AVE 2,318 $777,000 3 3 1968 Private 181 $335.20 5 U7711138 ACTIVE 582 JOHNS PASS AVE 4,255 $1,590,000 6 5.5 1968 Private 475 $373.68 SOLD IN 2015 ML # Status Address Sq Ft Heated Sold Price Beds Baths Year Built Pool ADOM Close Date SP/SqFt 1 U7731891 SLD 845 BAY POINT DR 1,364 $371,250 2 2 1952 None 141 10/16/2015 $272.18 2 U7722416 SLD 573 LILLIAN DR 1,465 $375,000 2 2 1957 None 220 4/8/2015 $255.97 3 U7714719 SLD 502 CRYSTAL DR 1,778 $398,000 3 2 1960 None 107 3/17/2015 $223.85 4 U7706148 SLD 836 BAY POINT DR 1,310 $400,000 2 1.5 1953 None 160 2/27/2015 $305.34 5 U7732354 SLD 846 BAY POINT DR 1,226 $406,000 2 2 1956 None 7 6/15/2015 $331.16 6 U7739415 SLD 822 BAY POINT DR 1,406 $435,000 2 2 1955 Private 17 7/28/2015 $309.39 7 U7743241 SLD 578 JOHNS PASS AVE 1,115 $435,000 2 2 1964 None 151 12/11/2015 $390.13 8 U7719498 SLD 528 CRYSTAL DR 1,656 $435,000 2 2 1958 None 89 4/10/2015 $262.68 9 U7746895 SLD 547 LILLIAN DR 1,495 $444,000 3 2 1960 None 4 10/1/2015 $296.99 10 U7728111 SLD 911 BAY POINT DR 1,493 $451,000 3 2 1969 None 14 4/24/2015 $302.08 11 U7724351 SLD 858 BAY POINT DR 1,881 $470,000 3 3 1953 None 4 4/1/2015 $249.87 12 T2730588 SLD 570 LILLIAN DR 1,928 $470,000 2 2 1971 Private 105 5/18/2015 $243.78 13 U7722611 SLD 541 JOHNS PASS AVE 1,741 $552,000 3 2 1964 None 9 2/11/2015 $317.06 14 U7733877 SLD 494 CRYSTAL DR 2,228 $600,000 3 3.5 1960 Private 121 9/23/2015 $269.30 15 U7732527 SLD 804 BAY POINT DR 1,702 $650,000 4 2 1983 Private 7 6/1/2015 $381.90 16 U7731065 SLD 541 JOHNS PASS AVE 1,741 $657,500 3 2 1964 None 47 5/27/2015 $377.66 17 U7608935 SLD 558 JOHNS PASS AVE 5,246 $732,500 5 5.5 1983 Private 450 6/26/2015 $139.63 18 U7707112 SLD 851 BAY POINT DR 5,371 $1,150,000 6 3 2001 Private 330 7/16/2015 $214.11 19 U7715856 SLD 505 JOHNS PASS AVE 4,230 $1,500,000 4 3.5 2005 Private 89 3/13/2015 $354.61 This information is compiled from MLS data and represents activity from all Brokers
CENTURY 21 Beggins Enterprises 727-492-9995 DonnaReichenbach@TopProducer.com 14995 Gulf Blvd. D-1 727-641-5918 MReichenbach@ccim.net Madeira Beach, FL 33708 www.donnareichenbach.listingbook.com or www.c21beggins.com/mr Michael & Donna Reichenbach CENTURY 21 Beggins Enterprises Commercial & Investment Network 14995 Gulf Blvd D1 Madeira Beach, FL 33708 CENTURY 21 Beggins Enterprises Donna Reichenbach@topproducer.com 727-492-9995 MReichenbach@ccim.net 727-641-5918 www.c21beggins.com/mr This is not a solicitation to list for parties that currently have their property listed.