Million Dollar Homes For Sale in New Tampa

I ran a search for homes on the market in MLS in New Tampa with an asking price of $1,000,000.00 or more:

There are 32 available! It is not surprising that 17 of them are in Tampa Palms.

The most expensive home that came up is listed for $5,900,000.00. It has 13,300 square feet of living space, 7 bedrooms and 7.5 bathrooms, located on a golf course with a 3 car garage, and pool. Located on between 1-2 acres, this home was built in 1995. The photos are, as you can imagine "BREATHTAKING"! Property taxes for 2004 were $72,494.00.

So, just in case you hit the lotto this weekend or can't think of somethiing to buy the wife for the Holidays, I thought you might want to keep this in mind.

On the flip side, the least expensive home listed has an asking price of $189,900 with 1185 square feet. I only found two below $200,000.

Office Depot

OFFICE DEPOT, is now open in New Tampa / Wesley Chapel! Located in the same building as the new Bonefish Grill on Bruce B. Downs at S.R. #56. Prior to this, we all had to go to the Staples store at the University Mall.

With all the growth in Wesley Chapel, it is hard to keep up with all the recent openings!

Tampa Home Prices

The Greater Tampa Association of Realtors published the following data on home sales for September 2006. Note: These are the AVERAGE sales prices and do not include private sales or new construction:

New Tampa: $379,933.00

Pasco (Includes Wesley Chapel): $249,611.00

Brandon: $269,559.00

Carrollwood: $377,816.00

Temple Terrace: $205,844.00

Lutz/North West: $418,501.00

North Central: $174,716.00

S.R. 54 to be widened

S.R. #54 in Pasco County will be widened from four lanes to six lanes. The three mile section from just east of U.S. 41 to the Cypress Creek Bridge is expected to begin next fall.

Bank calls back loan to Homebuilder Transeastern

The Deutsche Bank Trust Company America, is asking Technical Olympic USA (TOUSA), owner of Transeastern as part of a joint venture to repay money it borrowed last year to buy Transeastern.

The Tampa Tribune further reports that it is reported that Transeastern has stopped offering lots in its Live Oak development in New Tampa. Transeastern's other developments in the area include the Hammocks in New Tampa, and Tampa Bay Golf & Country Club in San Antonio, (Pasco County).

The Tribune further reports that Transeastern laid off 130 workers in September.

Pasco Town Center

Preliminary approval for the Pasco Town Center--a 2 million square ft. retail development, 640 room hotel, and office and industrial space planned to be built at I-75 & State Road 52 was recently granted. Located on over 940 acres of land off of McKendree Road, the project also includes almost 2,000 multifamily homes.

Much less in the public view than the other three planned malls, all within a ten mile radius of one another, this mall touts itself as a future "gateway" to the county. The Cypress Creek Town Center (I-75 & State Road 56), The Shops at Wiregrass (Bruce B. Downs & State Road 56), and the Grove at Wesley Chapel (County Road 54 & I-75) are the other planned malls on the books.

These four malls will be competing for business from the fast growing Wesley Chapel area in Pasco County as well as business from residents from New Tampa.

Tampa Homes For Sale

I ran a search on single family homes listed for sale through the Greater Tampa Association of Realtors MLS today.

Total Homes Listed For Sale in Tampa: 4765

Tampa Homes Listed from $0. to $200,000: 1156

Tampa Homes Listed from $200,001 to $400,000: 2196

Tampa Homes Listed from $400,001. to $600,000: 699

Homes For Sale in New Tampa by Community including Wesley Chapel:

Arbor Greene: 64

Tampa Palms: 91

Hunter's Green: 118

West Meadows: 57

Meadow Pointe: 153*

Lexington Oaks: 77*

Seven Oaks: 86*

*Wesley Chapel homes not included in Tampa figures

5th Anniversary Holiday Celebration at Florida Estates Winery

The Florida Estates Winery, 25241 State Road 52 in LOL will be having its Fifth Anniversary Holiday Celebration on December 15, 2006 from 6:00 p.m. to 9:00 p.m. Wine tasting & hors d'ouevres, etc. $8.00. For more information visit their website at www.floridaestateswines.com

New Tampa Condo Conversion

A one year old +/- complex is currently in its grand opening as a condo conversion. Prices range from $162,900 to the $200's. This conversion is offering for a limited time two interesting concepts to potential buyers:
1. "Live Free One Year" (100% of 1 year's rent payments applied towards ownership*

2. "Investor Breakeven"*










For more information on this condominium conversion or others, contact:
Russ Perlowski
Exit KG Realty
(813) 494-2124

*Subject to change without notice by owner/developer. Certain conditions apply.

Tampa Palms Condos

The owners of The Hamptons at Tampa Palms have decided to take a different route to sell some of the units in the complex. With only about 70 units of the 315 sold through this summer as reported in the Tampa Tribune, and a year on the market, Bay Communities has decided to sell 100 units via an auction! The Tampa Tribune further reports that the owner/developer still owes the county $1 million in back taxes! Carl Carter, a spokesperson for J P King Auctioneers is quoted in the Tribune that: "Our intention is to sell these units with a clear title."

The auction will be held on December 9th at the Grand Hyatt Tampa Bay.

Market in the Park & Taste of Lutz, Saturday, November 11

Presented by the Lutz Civic Association, Market in the Park will be from 8:00 a.m. to 2:00 p.m. and will feature a Farmer's Market, Holiday gifts and decor, Flea market items, Antiques, and Arts & Crafts.

Taste of Lutz will be from 11:00 a.m. to 2:00 p.m. with tasty food samples from area restaurants at a charge.

Located at Bullard Park (Lutz Lake Fern Road & US 41) near the Lutz Train Depot. For more information call: 949-7481.

First Watch now open in New Tampa

Located in the Shoppes at New Tampa, (Bruce B. Downs at S.R. 56) First Watch The Daytime Cafe offers breakfast, brunch, and lunch. They are open from 7:00 a.m. to 2:30 p.m. daily and also have a take out menu. For more information call 929-3947.

New Strip Mall planned at County Line Road & Bruce B. Downs

A new plaza in front of the Super Target is planned to break ground for its 17,000 square feet. Tenants are reported to include a dry cleaner, a carpet store, and Verizon Wireless.

Update on New Tampa East West Connector to I-275

Preliminary information from the two bids for the connector toll road from Bruce B. Downs to I-275 indicate that one bidder is requesting almost $1 billion in assistance and the other is proposing a toll that would rise to $2.75 within five years of its opening. Considering that the proposed road will only be a tad longer than 3 miles, I wonder how many New Tampa homeowners will be willing to pay that amount.

The winner of the bid will be announced in 2007 and it is reported that it will take two years to build.