Harbour Island Penthouse Sale Reflects a Trending Luxury Real Estate Market in Tampa Bay

Traci Burns, the Smith & Associates Actual Estate Real estate agent who shown and offered the dwelling, noted that “we are seeing a shift and raise in entry price tag level for what is considered luxury genuine estate in Tampa Bay. Intended with impeccable flavor by Restoration Hardware New York/Tampa, this property exemplifies how the luxurious true estate market place has evolved based on customer tastes and demand from customers, not only for citizens inside Tampa Bay but people who are coming from out of our location and state.”

The residence had been entirely renovated and absolutely redesigned by Restoration Hardware, with above $500,000.00 invested in the inside style with a style and design configuration sought to maximize h2o and metropolis sights from each and every room. The GrandView Penthouse rate stage even more supports latest data, that the conventional entry rate issue of $1 million for what is thought of “luxury genuine estate” has steadily trended at the $3 million selection and up. Residential attributes offered at the $3M+ price place have greater 44{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} compared to the prior year.** In 2017, there ended up only 34 residences offered for earlier mentioned 3 million. Rapidly forward five many years later on to 177 properties bought at that luxury price level.

Burns included that the demand from customers for turnkey, furnished, superior-finish, designer finishes was at the forefront of buyers’ lookups, especially for people looking at relocation. The household had huge curiosity from out-of-point out prospective buyers. Chicago, Minneapolis, Washington, D.C, California, and customers from the Northeast massive metropolitan areas with significant tax towns and states confirmed interest in obtaining the dwelling. For out-of-point out purchasers, Tampa’s affordability from a corporate headquarters and organization expense perspective, Florida’s minimal taxation, Tampa’s engineering business HQ development, and the at any time-increasing, nationally regarded medical/pharma footprints, are all foremost brings about of interest in relocation to the Tampa Bay location.

Smith & Associates not too long ago posted 2021 a record profits quantity of $2.18B, marking a revenue growth of 33{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the group.

The residence is found at 371 Channelside Walk Way and has 4 beds and 3 baths with 4,372 square feet of dwelling space with an expansive, wrap-about terrace. Customized-laid herringbone marble floors set a innovative tone for the residence entry incorporating a significant-tech seem technique and designer lighting along with a spa-like oasis for the primary bed room and bathtub. Partitions of sliding glass generate indoor-out of doors dwelling areas with a French-motivated kitchen area selection from AGA, 4 ovens, and a number of wine and beverage fridges.

To view the GrandView listing and come across out a lot more about the home’s features and options, click in this article. For superior-res images of the GrandView apartment, simply click here.

*MLS: STELLAR Date: 01/01/2021 – 12/31/2021 Type: Broker  Position: Full Bought List + Sell   Value: $ – $999,999,999 Construction Type: All Bedrooms: All Bathrooms: All Property Kinds: Household: (1/2 Duplex, Condominium, Cellular Household, Manufactured Dwelling, Apartment – Resort, Multi-Family members, One Spouse and children Home, Townhouse, Villa, Dock-Rackominium, Farm, Quadruplex)  Counties: Pinellas, Hillsborough  BrokerMetrics®  Information and facts not certain.© 2006 – 2021 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

**MLS: STELLER Date: 1/20/2021 – 1/20/2020 Sort: Broker   Status: Overall Bought Listing + Sell   Rate:  $ – $999,999,999 Construction Variety: All Bedrooms: All Bathrooms: All Home Forms: Household: (1/2 Duplex, Condominium, Cell Home, Created Household, Rental – Resort, Multi-Family members, Solitary Relatives Home, Townhouse, Villa, Dock-Rackominium, Farm, Quadruplex)  Counties: Pinellas, Hillsborough  BrokerMetrics®  Info not guaranteed.© 2006 – 2021 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

About Smith & Associates Actual Estate
Founded in 1969, Smith & Associates True Estate is Tampa Bay’s largest unbiased and domestically-owned real estate brokerage, with a commitment to remarkable support and top-quality marketplace expertise. Deeply embedded in the community and comprised of 6 strategically located workplaces in the Tampa Bay location, 285 associates, an annual income quantity of $2.18 billion, and about 2,981 transactions a calendar year. Smith & Associates Real Estate is the quantity one particular luxury brokerage agency of $1M + residences with 10.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the market place share and an average value of $1.87M* (*average of luxury transactions as of December 31, 2021). The business completes eight transactions a working day and is a nationally acknowledged chief in the Real Estate business. For additional info on Smith & Associates Real Estate, be sure to visit smithandassociates.com.

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