Homes Sold in the bay area
$550,000
302 14th St. SW 3 bedrooms, 2½ baths Ruskin in Gull Haven: This Key West-style stilt house, built in 2002, features sliding glass doors on three sides opening into a screened porch area; bamboo flooring; large office with built-in desk and cabinets; indoor utility; double-sided gas fireplace in family room and master suite; island kitchen with walk-in pantry, stainless appliances and granite counters;t four-car garage and dock with covered 10,000-pound boat lift. Listed at $559,000, the 2,758-square-foot home sold in September. Keller Williams South Shore, Cathy Griggs
$81,000
8636 Shadblow Court, No. 2 2 bedrooms, 2 baths Port Richey in Forest Lake Villas: This one-story attached villa, built on a tree-lined cul-de-sac in 1987, has new carpeting and fresh paint throughout, foyer entrance into the eat-in kitchen with pass-through overlooking the living/dining room, master suite with walk-in tiled shower and ceiling fan, washer and dryer in utility closet, and glass sliders from the living area out to a screened lanai and landscaped yard. Listed at $89,900, the 1,230-square-foot unit sold in September. Century 21 East Lake Realty, Karen Sewell
$230,000
4484 Ayrshire Drive 6 bedrooms, 3 baths Spring Hill in Glenburne at Sterling Hill: Built on a cul-de-sac backing up to a conservation area in 2005, this house was listed at $259,900 and sold in September. The 2,985-square-foot home features an eatin kitchen with custom center island and two pantries, adjacent family room with custom wood detailing and slider out to covered patio with hot tub, living/dining room, master suite with dual walk-in closets and sinks, laundry room, designer fixtures, 9-foot ceilings and newer roof. Keller Williams Realty Elite Partners, Dougherty/Denis Team TO SUBMIT YOUR SALE for consideration in this column, please send us a photo of the home plus the address, sale price, listed price, month sold, number of bedrooms and baths, and short description. Submissions may be emailed to bmoch@tampabay .com (put HOUSE VALUES in the subject line).
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| Sunday, October 21, 2018 | Tampa Bay Times
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There’s a lot more to homestead exemption than many realize Proposed changes mean even more to consider
BY NICK STUBBS Times Correspondent
There are not many homeowners who don’t understand what the Florida homestead exemption is all about, as it can save them a healthy chunk on their annual property taxes. There’s more to the homestead rules than most realize, though, and there could be some new twists coming, as a couple of key amendments on the ballot could impact millions of property owners. The basic state homestead exemption law allows a homeowner to exempt up to $50,000 of their property’s assessed value from property taxes, usually saving them a few hundred dollars annually. It’s when a homeowner is moving to a new home or a buyer is purchasing in Florida that confusion can enter, said Mike Twitty, Pinellas County Property appraiser. To understand the implications of moving, Twitty said it’s important to know that no matter the appraisal (taxable value of a home) when it’s sold, that appraisal is automatically raised to the market value of the home. That catches a lot of buyers off guard, particularly if they do not have an offset to help counter the increase (more about that later), said Gary Joiner, Pasco County property appraiser. The raise in value can be significant, he said, sometimes many thousands of dollars. The reason that difference can be so large is the homesteaded seller may have been living there for many years, and the taxes were kept low by the Save our Homes cap, which protects homesteaded property values from being raised more than 3 percent annually. Once the house is sold, however, it’s a “reset,” said Twitty. The years of saving from the accumulated cap are wiped out for
the new owner, and the appraised value is automatically raised to the market value, which can be significantly higher than the appraised value, said Twitty. That is why buyers need to use the county’s market value on a home to calculate their new property tax liability. “There’s a large gap in there that confuses people,” he said. Joiner added that the new homeowner will begin paying more taxes than the previous owner, but that once he or she homesteads, they too will be protected by the annual 3 percent cap. The good news for sellers looking to move within Florida is there is a “portability” rule that allows them to retain savings they have built up due to the cap. Twitty said as long as the seller is relocating to a home in Florida,
Homes Sold in the bay area
$838,750
1322 Golf View Drive 4 bedrooms, 3½ baths Belleair in Belleair Estates: This Southern plantation-style home, built in 2004, features formal living and dining rooms, gourmet kitchen with center island, cherry cabinets and breakfast area with bay window, family room with stacked-stone fireplace, first-floor office, second-floor porch, master suite and bonus room, saltwater pool with spillover spa, travertine lanai and custom built-in gas grill and cooking center, and golf course views. Listed at $899,000, the 3,590-square-foot home sold in September. Coldwell Banker Residential Real Estate, Marcy Daniels Team
they get to subtract the difference between their previous home’s appraised value and its fair market value from the market value of their new home, which in turn drives down the new home’s appraisal for tax purposes. That means if the appraised/ taxable value of the seller’s home is $200,000 and the market value is $320,000, they can deduct $120,000 from the market value of their next Florida home when they homestead, thus reducing their appraised value and taxes. “What we’re trying to do is not tax you out of your new home,” said Joiner. Enter potential changes to the homestead law and property tax cap changes for non-homesteaded property. The November ballot includes
Amendment 1, which proposes to raise the homestead exemption maximum by another $25,000. If approved, homes homesteaded and with a tax appraisal of $125,000 or more will receive the additional $25,000 exemption. Homeowners with a home appraised for tax purposes between $100,000 and $125,000 will receive a lesser exemption calculated on a scale between those two figures. Those with homes appraised below $100,000 won’t receive any additional exemption. Amendment 2 on the ballot proposes to lift the 10 percent annual cap on appraisals for non-homestead properties. If passed, properties in this category will automatically see their appraisals jump to full market value. The higher taxes will impact second homes,
of which there are many in Florida that serve as vacation/winter homes, said Joiner. The Amendments are important to know for buyers and sellers in Florida, as new calculations come into play for those making real estate transactions. Twitty said the easiest way for buyers and sellers to determine their tax consequences or benefits in Pinellas is to use a handy calculator on the county property appraiser’s website at https://www. pcpao.org There also is a calculator on the Pasco site at http://www.pascopa. com, and the calculators are available on all but a couple of county and city appraiser websites in the state. The homestead rules, particularly considering the potential
impact of changes, means buyers and sellers need to be aware of the numbers, said Joiner, as they may become part of a buying decision. The Pasco tax calculator, for example shows that a home currently appraised at $106,000, $19,000 less than needed to receive the full $25,000 exemption should Amendment 1 pass, would pay $65 less annually. A home appraised at $177,000, would receive the full $25,000 exemption and save $248 on taxes annually. Homeowners must file for homestead exemption between Jan. 1 and March 1, though extensions are possible based on the county’s discretion, so if you miss the deadline, it’s worth asking.
A fresh take on what Tampa’s 50-story-plus Riverwalk Place will look like A pool and amenity deck overlooking the Hillsborough River will be on the 20th floor of Riverwalk Place. The 50-plus story tower will be shaped like a boat at sail, with the “bow” pointing toward the bay so that condos on both sides of the building will have water views. Courtesy of Gensler
BY SUSAN TAYLOR MARTIN Times Senior Correspondent
$427,000
1400 Gulf Blvd., No. 209 2 bedrooms, 2 baths Clearwater Beach in Sand Key South Beach: Built in 1973, this northwest corner unit has updated kitchen cabinets, granite counters, new high-impact glass windows and doors, new HVAC, high-end ceiling fans, laundry closet with stacked washer/dryer, extra-large balcony with Gulf of Mexico views, community heated pool, tiki huts and landscaped grounds. The 1,392-square-foot condo was listed at $439,900 and sold in September. Plumlee Gulf Beach Realty, Tim O’Neil
$294,900
3338 Fernleaf Drive 4 bedrooms, 3 baths Hernando Beach: Built in 1989, this waterfront home features an elevator, great room with fireplace, vaulted ceilings, eat-in kitchen with newer stainless appliances, Corian counters and pantry, master bedroom with walk-in closet, hardwood, laminate and tile floors, wood deck overlooking the canal, pool and waterfall, covered porch, paneled doors, screened two-car garage, dock, seawall and indirect Gulf access. The 1,344-square-foot house sold at its listing price in September. Keller Williams Realty Elite Partners, Mamo Team
TAMPA — Weeks before the sales center is due to open, potential buyers already are placing reservations on condos in Riverwalk Place. “The pace has been awfully good, better than we expected,” said Reid Boren, managing partner of Two Roads Development. The South Florida company is partnering with Feldman Equities on the $350-million tower, which at 50-plus stories will be the tallest building on Florida’s west coast. The developers today released new renderings of Riverwalk Place, showing a sleek tower designed to evoke a ship at sail. The “bow” is pointed southwest toward the bay so both sides of the tower will have water views. Shops and restaurants will front the popular promenade from which Riverwalk Place draws its name. Above those will be office space, a 20th floor Sky Deck and pool, and condos priced from $600,000 to well over $1 million.
The architectural firm Gensler designed the building with interiors by Thom Filicia, an original cast member of the TV show Queer Eye for the Straight Guy. His clients have included Oprah Winfrey, David Bowie and Tina Fey. “We’re very proud of what he’s done,” Boren said. “He’s taken a very modern exterior and complemented it with a contemporary but livable interior that I think people will love.” A sales center with a scale model of the tower is almost finished in the nearby Wells Fargo building, another Feldman Equities property. So far the center has been open by appointment only but should be ready for business in October. Construction is expected to start next year, although the timing will depend on presales, Boren said. The developers have yet to decide how many condos the tower will have or the ratio of residential to office space. Since the beginning, the office component “has been a moving target based on demand,” Boren said.
Riverwalk Place, at Ashley Drive and Whiting Street, has been a long time in the making. Developer Larry Feldman first announced the project in 2015 on the site of the doomed Trump Tower Tampa. Last year, a company that was to have developed the residential part of the Riverwalk tower sued in a dispute over whether there should be more condos and less office space. That case has since been settled. In March, Two Roads Development revealed it would be the co-owner of Riverwalk Place. Based in West Palm Beach, Two Roads has built and financed several major South Florida condo projects. At its start three years ago, Riverwalk Place seemed destined to be Tampa’s first new tower with Class A office space in more than two decades. But Water Street Tampa last week announced plans for a pair of 19- and 20-story towers with a total of 880,000 feet of Class A space. The 20-story building is due to start construction next spring and almost certainly would be finished well ahead of Riverwalk Place. Depending on how leasing goes, the sec-
ond tower could also be built before the Feldman-Two Roads project opens. But if the economy continues strong and Tampa continues to grow, all three projects could do well. Riverwalk, with less office space, “will cater more to boutique-y type firms while Water Street will attract bigger tenants and that’s what it intends to do,” said Barry Oaks, senior director in the Tampa office of Cushman & Wakefield. Boren said he and Feldman have seen renderings of the Water Street towers and think they will complement Riverwalk Place. “Tampa downtown is going to be stunning and look a lot like some of the great cities all over the world,” he said. “So I think all of this is good for Tampa and especially great for downtown.” This story was originally published on tampabaytimes.com 9/10/2018. For more stories like this, visit tampabay.com.
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Tampa Bay Times | Sunday, October 21, 2018 |
11-story boutique hotel planned for St. Pete’s Edge District BY SUSAN TAYLOR MARTIN Times Senior Correspondent
ST. PETERSBURG — A Michigan company is planning what
would be the first hotel in the trendy Edge District west of downtown St. Petersburg. The area between 16th Street N and Dr. Martin Luther King Jr. Street “is becoming the district to be in whether it’s for shopping, art galleries or restaurants,’’ Mark DeMaria of DevMar Development said Monday. “Also, with the future redevelopment of Tropicana
Field, that’s going to be the epicenter for the downtown (St. Petersburg) of the future.’’ DevMar has been in initial talks with city planners and hopes to start construction of the 11-story, 130- to 140-room boutique hotel next summer. The company is buying the vacant site at 11th Street N and Baum Avenue from developer Jonathan Daou. He previously
sold DevMar a tract at First Avenue N and 16th Street where it is building the 211-unit Vantage Loft apartments, also 11 stories. That is the maximum height for buildings in the district.
This story was originally published on tampabaytimes.com 10/1/2018. For more stories like this, visit tampabay.com.
Michigan-based DevMar Development plans a boutique hotel at 11th Street and Baum Avenue in St. Petersburg in the Edge District. It would be the first hotel in the trendy district, which lies between 16th Street and Dr. Martin Luther King Jr. St. Rendering courtesy DevMar Development
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| Sunday, October 21, 2018 | Tampa Bay Times
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BUILDER FOCUS
Top 6 Reasons To Buy a Taylor Morrison Home Our homes are built to last. Our craftsmanship doesn’t cut corners and pays attention to even the smallest detail. You inspire everything we do and it shows in our design, craftsmanship, choice of materials, attention to detail and community amenities. Our innovative and unique floor plans are designed for the way you live, play, relax and entertain. We offer you a variety of floor plan choices with popular included features and plenty of flexibility to adjust space to suit your needs. People with a purpose. At Taylor Morrison, people make the difference. This is due to our sales team’s dedication to giving you the best home and the best buying experience possible. It’s a big part of why we’ve been named America’s Most Trusted® Home Builder for three years in a row! Fire up your imagination! Come tour our model homes and identify which floor plans you especially like, and why. Look for the features that will enhance your lifestyle. Our trained Interior Design Studio professionals are available to assist you in creating your unique home. Take advantage of our limited-time offers! We stand behind what we build with a new home warranty program that promises to address any concerns and give you peace of mind about your new home purchase. *Courtesy of Taylor Morrison
Coming Next Week: Homes with Acreage – Equestrian Communities
Tampa Bay Times | Sunday, October 21, 2018 |
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| Sunday, October 21, 2018 | Tampa Bay Times
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Curb appeal & garden Timely Tendings | Edibles Fertilize citrus trees this month using a formulation of 6-6-6 or 8-8-8. Apply fertilizer to the entire root area, which usually extends well beyond the drip line of the tree. If the tree is surrounded by turf and the turf is fertilized, this additional fertilizer is not needed. The amount of fertilizer varies according to the age of the tree. Gen-
erally, fertilizer should be applied three times a year in February, June, and October. Always follow label instructions to avoid polluting by over-fertilizing. For additional information on home citrus culture: http://edis.ifas.u.edu/ topic_citrus_home_citrus_culture. October is also a great time to
plant some cool-season vegetables and fruits such as beets, broccoli, cabbage, carrots, kale, lettuce, onion, radish, and strawberry. For more information on vegetable gardening in Florida: http://edis. ifas.u.edu/pdffiles/VH/VH02100. pdf Source: Theresa Badurek, Urban
TODAY Gardens Open House: Browse the organic, edible nursery for natural products like mosquito repellent, herbal salves, plus perennials, seeds, potting soil, herbs and medicinal plants, local honey and bee products, seasonal vegetable starts for sale; stroll the gardens for home edible landscape inspiration, while enjoying fresh herbal tea, with healthy lunch options for sale. Park on lawn, no parking on Ray Road. Free admission. 11 a.m.-4 p.m. today, Willow Herbal Delight Gardens, corner Ray Road and Miller Road, Valrico. (813) 759-3677.
Monday-Saturday Pinellas Park Garden Club: 10 a.m. Monday, Desert Roses With Steve Walsh Steve Walsh shows how to choose healthy plants,
Horticulture Extension Agent, UF/ IFAS Pinellas County Extension Service. For additional landscape and garden information, visit our website at http://sfyl.ifas.ufl.edu/ pinellas/. Join us on Facebook to get regular tips and information: https://www.facebook.com/ PinellasExtension.
how to correct common plant problems, plus information on growing desert roses, with plants for sale. Park Station Pinellas Park, 5851 Park Blvd., Pinellas Park. (727) 546-9637. Tampa Orchid Club: Club welcomes orchid fans with bloom table, silent auction, plants for sale. Doors open at 9:30 a.m., meeting starts at 10 a.m. tampaorchidclub.shutterfly.com. Free. 9:30 a.m. Tuesday, Avoiding Orchid Care Pitfalls Learn how to avoid common mistakes when caring for orchids, in program with Steve Balderson. Northdale Recreation Center, 15550 Spring Pine Drive, Tampa. (813) 949-7467. Master Gardener Nursery: Spruce up a landscape or garden space - find a large selection of Florida native and FloridaFriendly plants, all from healthy stock, at budget prices, at the nursery open from 9 a.m. to noon, each Wednesday and Saturday, weather permitting.
Free admission. 9 a.m.-noon Wednesday, Master Gardener Nursery, 19490 Oliver St., Brooksville. (352) 754-4433. 9 a.m.-noon Saturday, Awesome Autumn Colors for Your Florida Yard: Learn plants to choose and steps to take to bring a splash of Fall color to your yard. No registration required. Free. 10:30 a.m. Wednesday, Hernando County Utilities Administration Building, 15365 Cortez Blvd., Brooksville. (352) 540-6230. Pasco Extension Seminar: Free, unless otherwise noted; register at Eventbrite.com. 2-3:30 p.m. Thursday, Vegetable Gardening Basics Learn how to start a vegetable garden, from selecting the location, what makes good soil and how to control pests. Pasco County Farmden and Community Garden, 15029 14th St., Dade City. (352) 518-0156. pasco.ifas.ufl.edu/events_ calendar.shtml. Plant and Garden Sale: Browse the the variety of plants and gently used garden tools, spruce up your outdoor space with yard art and decor, planters and pots for sale, get your garden tools sharpened (nominal fee), visit the flower show inside the Club building; food and drinks for sale. Benefits garden club projects. Free. 9 a.m.3 p.m. Friday, Garden Club of St. Petersburg, 500 Sunset Drive S, St. Petersburg. (727) 381-8920. www.gardenclubstpetersburg. org. 9 a.m.-3 p.m. Saturday, Fall Plant Out!: Join the Pasco County Extension and volunteers as they plant out all the vacant garden plots with vegetables and seeds. All volunteers who register will receive veggie transplants to take home. Register at bit.ly/soilamend. Contact Eden Santiago Gomez at esantiagogomez@pascocountyfl. net. 9 a.m.-noon Saturday, Watson Park, Main Avenue, Dade City. (352) 523-5051. For more gardening events, visit tampabay.com/homes and use the Things to Do search tool. Send submissions to Garden Calendar, Newsfeatures, Tampa Bay Times, P.O. Box 1121, St. Petersburg, FL 33731; or email to calendar@tampabay.com. Deadline is two weeks before publication.
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Tampa Bay Times | Sunday, October 21, 2018 |
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| Sunday, October 21, 2018 | Tampa Bay Times
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