Recent Real Estate News

by John M.

Tampa Bay Top Place Where Affluent Want To Live

While Tampa Bay is clearly not West Palm Beach, it is quickly rising to that level of affluence, according to today's St. Petersburg Times. How so?

Florida's Tampa Bay area has grown over the years from a quiet, sleepy area on Florida's Gulf coast, to a booming area that includes Super Bowl Champions, such as the Tampa Bay Buccaneers, Stanley Cup victors, like the Tampa Bay Lightning, and a vast array of upscale entertainment and cultural venues, some of the world's most beautiful beaches and upscale shopping.

Take Neiman Marcus and Nordstrom's for example. There are anywhere from 40 to 100 potential locations throughout the U.S. that could support these stores as a result of their affluent populations. Tampa's International Plaza, known for its upscale shopping, has both.

Then there are the luxury cars. Tampa Bay is the world's fourth top market for the Rolls-Royce Phantom - priced at nearly $350,000 - just behind London, Beverly Hills and Tokyo. Dimmitt Motorcar Group of Clearwater said they sold 26 this year, and they said they have pre-sold six of the new Rolls-Royce convertibles, starting at $400,000, plus 125 Bentleys, starting at $175,000 a piece.

Then there are the luxury homes and condos, which include marble floors, spas, mahogany and cherry cabinets, and many more luxurious touches fit for a king and his queen. Prices for these condos start in the $600s and go into the $5 millions. Prices for the homes start in the $2 millions and go to just under $30 million. Not bad, considering that such homes in Naples are typically priced in the $40 million and $50 million range.


Last week, two dozen Tampa Bay area homes were listed...with price tags of $5-million or more, topped by a $25-million listing for the French-style Belleair mansion of Terry Bollea, better known to wrestling fans as Hulk Hogan. If that's a little too rich for you, one of his neighbors has a house on the market for $16-million.


Why is Tampa Bay so attractive these days to the affluent?


"These days the wealthy can work from anywhere and nobody's retiring in the capital 'R' way," he said. "They're retiring in the small 'r,' pursuing dreams and wanting to live in a place with a fabulous lifestyle. Florida and California really deliver those, but Florida is closer to Europe and the Caribbean where they want to travel and Florida has that strong sense of a business-minded approach."


If you're considering moving here to Florida's Tampa Bay area, or attaining a second home here for leisure or investment, Contact a Realtor who will discretely assist you in finding the perfect luxury home or condo that fits your real estate needs and your lifestyle. Privacy protection is assured.

 

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