Tampa Bay Luxury Residential Home Market,
Is it UP or is it Down?
Let's look at a few Locations.
Firstly, let's look at Tampa Bay Business Journal Article linked below.
1403 Pass-A-Grille Way Recently Sold at $2,537,500
This stunning restoration of its 1925 original Mediterranean Architecture.
Listed 6 months earlier $1,600,000 higher, as at that time it marketed as 1 Pass-A-Grille Compound so to speak but with 2 homes. The Sellers were happy to separate and return it back into 2 homes, keep their original cottage for occasional visits. Hence the $1,600,000 price reduction is put into perspective. It is hard to leave this unique historical St Pete Beach Island location.
2707 Pass-A-Grille Way was listed at $5,595,000 SOLD for $5,395,000. Built in 1952 and was the former estate of Anheuser-Bush on over half an acre or a full block on the water in Pass-A-Grille with 9 bedroom and 9 bathrooms over 6000 sq ft. It was ON and OFF the market for 5 or 6 years, over 2000 days. However this time, the Market was READY for it, despite St Pete Beach' 2 long years road reconstruction that left the Estate at its worst, dusty, curbless and with yes, literally "no curb" appeal. Yes, the timing was right as it recently JUNE 2017 the Estate Sold.