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For $11.7 million, South Tampa home with stunning views shows off trends

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A couple of Colorados moving to the Tampa Bay area carefully searched for the best place to build a new waterfront home. As boaters, they wanted a scenic spot, but were protected from the direct pounding of the waves. They finally found it — at the southwestern tip of San Miguel Point in Tampa’s Sunset Park Isles.

Now the couple are moving again, and a house built just four years ago is on the market for $ 11.7 million. It has the kind of equipment you would expect at its price: pool, putting greens, outdoor kitchen, Zen garden, and of course, great views of Tampa Bay. But it also symbolizes two recent trends in the region’s ferocious luxury real estate market.

Listed for $ 11.7 million, this South Tampa house offers sunset views of Tampa Bay. [ Tony Sica ]
Listed for $ 11.7 million, this South Tampa home has a private meditation garden.
Listed for $ 11.7 million, this South Tampa home has a private meditation garden. [ Tony Sica ]
Listed for $ 11.7 million, this South Tampa home has a private garden for meditation.
Listed for $ 11.7 million, this South Tampa home has a private garden for meditation. [ Tony Sica ]

Featuring several water-facing balconies and patios, the three-storey home is designed in the airy, contemporary style that is popular in California. Many of the luxury homes built along Tampa, St. Petersburg, and Pinellas Beach avoid traditional bungalows and Mediterranean styles for their sophisticated look.

This is one of the four bedrooms in a South Tampa home listed for $ 11.7 million.
This is one of the four bedrooms in a South Tampa home listed for $ 11.7 million. [ Tony Sica ]
This is a sitting area away from one of the four bedrooms in this $ 11.7 million South Tampa home.
This is a sitting area away from one of the four bedrooms in this $ 11.7 million South Tampa home. [ Tony Sica ]
Listed at $ 11.7 million, this South Tampa home kitchen offers direct views of Tampa Bay.
Listed at $ 11.7 million, this South Tampa home kitchen offers direct views of Tampa Bay. [ Tony Sica ]

“Florida has always emulated California, but we’re always a few years behind,” said Jeff Shelton of Compass Realty. “Currently, Tampa is a more international city, so we can see more of what I call California. Now, wealthy people have a seamless flow of living and entertainment spaces. . “

This is the South Tampa Home Wine Bar on the market for $ 11.7 million.
This is the South Tampa Home Wine Bar on the market for $ 11.7 million. [ Tony Sica ]
This bathroom with bathtub is one of the five bathrooms in South Tampa's house listed for $ 11.7 million.
This bathroom with bathtub is one of the five bathrooms in South Tampa’s house listed for $ 11.7 million. [ Tony Sica ]

In another trend, supported by Florida’s low taxes, pro-business government, and sunny climate, the state is attracting thousands of people from other parts of the country, like couples in Colorado. According to Zillow, Tampa is the third most popular option for those considering moving, and the Bay Area is expected to become the country’s most popular housing market this year. Forbes Tampa is called the top emerging technology city in the country.

This is the main residential area of ​​South Tampa homes listed for $ 11.7 million.
This is the main residential area of ​​South Tampa homes listed for $ 11.7 million. [ Tony Sica ]

“Tampa has really become the center of new technology. There are so many entrepreneurs in the technology business,” said Shelton, who listed the home with agent Mike Hughes. “Most buyers in this price range come from outside the region.”

The two luxury homes sold this year had multiple offers, including California, Chicago, and Seattle.

The surge in popularity in the Bay Area has had a predictable impact on prices, including luxury homes. In 2015, one home in Pinellas County and Hillsborough County did not sell for more than $ 5 million. In the first three months of this year, 12 homes were sold in excess of that amount.

Jennifer Zares, an agent at Coldwell Banker, said: “I’m working with many buyers from the northeast, Chicago, California, and even the east coast of Florida buying in Tampa Bay. Recently, I’m back in Canada buying on the beach. There was an influx of buyers. “

In the first quarter of 2022, Zales closed $ 45 million worth of residential real estate. Some buyers had transplants from New York, Boston, Connecticut, New Jersey, and South Florida.

Despite soaring prices, “Tampa Bay shows tremendous value when compared to more expensive markets such as Miami, Naples and even Sarasota,” Zales said.

The seller of this Sunset Park Isles home is said to be building a new home on the beaches of the Gulf, not far away.

Listed for $ 11.7 million, this three-story South Tampa home has a guesthouse with a private kitchen.
Listed for $ 11.7 million, this three-story South Tampa home has a guesthouse with a private kitchen. [ Tony Sica ]
This three-story contemporary-style South Tampa home costs $ 11.7 million and is located overlooking Tampa Bay.
This three-story contemporary-style South Tampa home costs $ 11.7 million and is located overlooking Tampa Bay. [ Tony Sica ]

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