The Cross Team - Tampa Real Estate

What's Happening in the Market? Inventory Declining! Not Necessarily Good News ...

Nancy Cross — Mon, 17 Oct 2011 17:29:00 GMT

WSJ - lack of attractive inventory

The housing market, which has struggled with an oversupply of homes for years, is facing a new problem: a lack of attractive inventory. There were more than 2.19 million homes listed for sale at the end of September, down 20% from a year earlier, according to a new report from the real-estate website Realtor.com. That is the lowest level since the company began its count in 2007. The report is the latest sign of how the US housing market can't seem to catch a break. While falling inventories are typically a sign of health, because reduced competition can boost prices, that isn't the case right now. Instead, real-estate agents say, people are pulling their homes off the market rather than try to sell them at today's discounted prices. At the same time, banks have been more slowly moving to take back properties through foreclosure ever since processing irregularities surfaced last fall, temporarily reducing the supply of foreclosed properties. The shrinking supply isn't driving up prices because demand is soft.

Yet there is still a substantial "shadow" supply of foreclosures and other distressed homes, estimated to be more than one million, that is likely to stream onto the market in the coming years. The pent-up supply is another constraint on any of the price gains that might normally occur when supply falls. The decline in inventory also suggests that there are fewer opportunities for buyers and sellers to strike deals. That can further chill sales, as buyers become afraid to overpay while sellers are similarly cautious about under-pricing their homes. In Detroit, the inventory of homes for sale was down by 28% from a year earlier, according to Realtor.com. Listings were down by 49% in Miami, by 48% in Phoenix and by 46% in Orlando, Fla. Housing inventory was down from one year earlier in all 146 markets tracked by Realtor.com except for Denver and El Paso, Texas. The Realtor.com data include only single-family homes, townhouses and condominiums listed for sale on more than 900 multiple-listing services across the country. They don't include unsold homes listed as "for sale by owner" or other properties that don't find their way onto the multiple-listing services.

Real Estate Insanity - Tenant Takes Control

Nancy Cross — Tue, 02 Nov 2010 19:46:00 GMT

OK, so here's today's Real Estate insanity - A homeowner is renting his house and decides to stop paying his mortgage because he can no longer afford the payments (mortgage, taxes, HOA, etc.). Eventually, the tenant gets a knock on the door from the Process Server notifying him of an impending foreclosure. HERE'S THE GOOD PART! The tenant contacts the mortgage company and starts paying the rent payments directly to them! The mortgage company is happy so they stop foreclosure proceedings. The landlord can't evict the tenant because he's making his rent payments. And the tenant refuses showings, so how likely is it the owner can sell the house? Luckily, this isn't my listing. True Story, Crazy Times!!

5 Major Banks Halt Temporarily Halt Foreclosures! How will this affect Tampa? ....

Nancy Cross — Wed, 13 Oct 2010 14:46:00 GMT

In September, Chase announced a review of 56,000 foreclosure cases in 23 states that require a judge to sign off on a foreclosure. The recent move expands the inspection to states that do not require judicial approval. Under the latest expansion, the foreclosure process will continue while documents are being examined, expected to take a few weeks. In the initial review, Chase requested that the courts not enter judgments until completion of the audit. Without a judgment from a court, those homes cannot be sold. The initial review was announced after the lender discovered that its employees may have signed affidavits on the basis of reviews done by other personnel.

In those 56,000 cases, JPMorgan Chase has asked its local foreclosure attorneys to communicate to courts, affected homeowners and their lawyers. The notification process is underway, a company spokesman said. Banks have come under increasing pressure from lawmakers in recent weeks to review foreclosures or to expand existing reviews. On Friday, Bank of America announced it was halting foreclosure sales in all 50 states as part of a widening investigation into flaws in the process. The bank said the foreclosure process on delinquent borrowers will continue, but it will not proceed to judgment or a foreclosure sale. Ally Financial, previously known as GMAC, the finance arm of General Motors, has said it is temporarily suspending evictions and post-foreclosure closings in states that require judicial review while it conducts a review of documents.

How does all this affect us here in Tampabay?? Already, roughy 17% of Tampabay's bank-owned properties have been de-listed or taken off the market.

Stay tuned! I'll be getting you more information on this as the details unfold this week.

Assistance for Underwater Homeowners Coming Sept 7 - FHA Short Refi

Nancy Cross — Mon, 09 Aug 2010 11:02:00 GMT

Assistance for Underwater Homeowners Coming Sept 7 - FHA Short Refi

According to RISMEDIA today, homeowners who are current on their mortgage may be able to work with their lender, provided the lender is wiling to participate, to write off at least 10% of their first mortgage. This is open to non-FHA borrowers as well. If you're wanting to stay in your home and are looking for help to refinance your mortgage into a new FHA loan, this may be an option for you. Hopefully, the government has relayed this information to the lenders as well.

Call us at 813-789-7836 for more information!

J D Power Award for Keller Williams

Paul Cross — Tue, 03 Aug 2010 17:50:00 GMT

We're proud to be in Keller Williams "Family" - see our news of the JD Power award again!

Keller Williams Realty Named Highest Ranked in Home Buyer Satisfaction by J.D. Power and Associates for Third Straight Year

AUSTIN, TEXAS (July 30, 2010) —According to the J.D. Power and Associates 2010 Home Buyer/Seller Study^SM, Keller Williams Realty, Inc., the third largest real estate company in the United States, has received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms for the third year in a row. The company also ranked second among home sellers in the study for the second year in a row.

“We are incredibly proud of our associates for earning this distinction and want to thank them for their commitment to their clients and communities," said Mark Willis, CEO of Keller Williams Realty. “We see this honor as demonstration of our company philosophy that it is the agent’s brand that matters most and no amount of money spent on advertising can replace the influence and reputations our agents have in their local communities. Our associates have earned this on their own, by building relationships in their communities."

The study was produced by J.D. Power and Associates to measure home buyers and sellers customer satisfaction. The results of the home-buying experience were determined by three factors including the buyer’s experience with their agent, the real estate office and a variety of additional services. Keller Williams Realty performed particularly well in the agent and office factors. And, overall satisfaction of buyers for the industry was up over last year.

Additionally, the study noted that the importance of real estate agents has increased substantially in the past year, with buyers and sellers relying on the negotiating skills of their chosen agent and help in navigating the market.

“It is thrilling to see our firm, once again, get public recognition for its incredible focus on customer satisfaction from such a prestigious group. Our associates continually demonstrate that it is possible to deliver the highest level of customer service in one of the toughest real estate markets on record," said Mary Tennant, president and COO of Keller Williams Realty. “We feel incredibly fortunate to be in business with them, and want to congratulate them on their hard work and dedication."

In the past year, Keller Williams Realty has continued to grow despite the well-publicized turmoil in the real estate industry. In addition to becoming the 3^rd largest real estate company in the U.S., surpassing RE/MAX®, Keller Williams Realty was ranked as the No. 1 real estate franchise on the 31^st Annual Franchise 500 list by Entrepreneur magazine and was voted the Most Recognizable Brand of Real Estate Franchises and the Trendsetter of the year for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.

First Time Homebuyer Credit Blocked!!

Nancy Cross — Thu, 03 Jun 2010 18:54:00 GMT

So tell me the logic in this: The government puts out this great first time home buyer program where loans have to be closed by June 30 to get an $8000 tax credit. Then Congress fails to fund the National Flood Insurance fund and the 100% USDA Guaranteed fund, so the buyers that WANT to take advantage of the First Time Homebuyer Tax Credit actually can't. Now those buyers will either lose their escrow deposits because the deals crashed and burned, or they won't be eligible for the $8000 tax...(read more)

Hey, New Tampa! Wanna see what Bruce B Downs will look like after all that construction is complete?

Nancy Cross — Fri, 28 May 2010 14:46:00 GMT

Yes, sometimes it's difficult to believe there is a grand plan for the widening of Bruce B Downs Boulevard through New Tampa, especially when you're stuck in traffic at the end of the day and all you want is to be home. But there is a final design! Check out the virtual design below:

http://previews.urscreativeimaging.com/future_projects/flash-videos/I75.html

Oh, By The Way .... I'm never too busy for your real estate referrals!

Buying a Foreclosure - Opportunities and Pitfalls!

Nancy Cross — Tue, 04 May 2010 14:13:00 GMT

I have many people calling asking to buy foreclosure properties. But do they really know what that means? Buying a foreclosure comes with great opportunities, greater pressures and unknown pitfalls in the foreclosure market. First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure (also known as a short sale); 2. sheriff's auction; 3. repossession, called REO (for real estate owned by the bank).

Pre-foreclosure: These homes are in the foreclosure process, but they have yet to be sent to auction. Potential buyers must negotiate a deal with the lender as well as the current owner. That makes buying at this stage of foreclosure complicated and slow. But, you have the advantage of being able to inspect the home and negotiate for repairs or credit for repairs before purchase -- which isn't the case in other types of foreclosure sales, but the prices remain high.

Sheriff's auction: These sales yield the lowest prices, but they are fraught with difficulties, like the house being unavailable for inspection and probable repairs which you were not prepared for. At this point, you may also be responsible to clear any liens placed against the property. This stage is usually best left to the professionals - the contractors and investors who know what they're doing.

Repossession: This occurs after the home has gone through a sheriff's auction but does not sell and the bank gains possession of the property. Homebuyers may not get the best bargains during this stage, but they can nearly always perform a thorough inspection before closing, minimizing costly surprises. Plus, the property comes with a clear title. Even in this safer stage, though, homes are still usually sold in "as is" condition," but the process can be faster. The pitfalls to avoid are: Do not get caught up in a bidding frenzy, and do not underestimate repair costs. Not knowing what comparable properties cost, can mean that you must be prepared for eroding prices in high foreclosure areas. If you are buying for the short-term, the better bet would be is to buy the only foreclosed home in an otherwise stable community that will hold its value. Not having financing in place is as good as not being in the market, as banks often jump on the highest bid with the best financing already in place.

Interested in learning more about buying distressed property in Tampa? Call Nancy at 813-78-7836.

Fannie Mae Home Buyer Credit Still Available Thru June 30!

Nancy Cross — Sun, 02 May 2010 19:04:00 GMT

Fannie Mae announced this week that it would extend its 3.5% seller assistance on its REO properties (foreclosures) to June 30, 2010. It was originally supposed to expire May 1. "We are happy with the results of the program, which has helped us to sell properties quickly, thereby stabilizing neighborhoods and property values," said Terry Edwards, Executive Vice President of Credit Portfolio Management. This program gives buyers back 3.5% of the final sales price to be used toward closing cost assistance or their choice of selected appliances. No surprise that with the home buyer tax credit expiring and foreclosures rising, Fannie would choose to extend a program that's working like this. Of course, remember, Fannie Mae (along with Freddie Mac) is under government conservatorship and is being fueled by billions of taxpayer dollars, so this program is nothing short of another government housing bailout.

Understanding HAFA

Nancy Cross — Thu, 29 Apr 2010 12:04:00 GMT

http://www.youtube.com/watch?v=8TXx8rKy-Ow

Have you tried to modify your loan using HAMP and been declined? The government has come out with a new program called HAFA to help those folks who did not qualify for HAMP. Watch the video to get the big picture to avoid foreclosure. HAFA is designed to help homeowners thru the short sale or deed in lieu process. Call Nancy for more details and 813-789-7836!

Price Reduced on 330 & 350-8907 Regents Park Drive in Pebble Creek

Paul Cross — Tue, 20 Apr 2010 14:29:00 GMT

Pebble Creek, New Tampa - Announcing a price reduction on 330 & 350-8907 Regents Park Drive, a 1,800 sq. ft., 2 bath single story. Now MLS® $252,900 - Aggressive market price!.

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Single Story For Sale in Seven Oaks

Paul Cross — Tue, 13 Apr 2010 19:00:00 GMT

Move-in ready!

• 2,500 sq. ft., 1 bdrm single story - MLS® $369,000 - Best price in the center

Seven Oaks, Wesley Chapel - Fantastic opportunity to own one of the very popular Seven Oaks Professional center office units. Built by Waterford in 2006, it has an attractive facade and tiled roof outside, and many upgrades inside. It is pre-plumbed, and pre-wired for Medical Use. It could be used a single unit, but is curently divided into two 1250SF units, and each side has waiting and reception areas, bathroom, kitchen and 5 offices.
Located close to SR 56, I-75, I-275, and Bruce B Downs Blvd it is easily accessible. The planned new UCH/Adventist 80 bed Medical Center is just two minutes away.

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Price Reduced on 2236 Ashley Oaks circle in Seven Oaks

Paul Cross — Tue, 13 Apr 2010 19:00:00 GMT

Seven Oaks, Wesley Chapel - Announcing a price reduction on 2236 Ashley Oaks circle, a 2,500 sq. ft., 1 bdrm single story. Now MLS® $369,000 - Best price in the center.

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Short Sale News: HAFA Coming April 5

Nancy Cross — Tue, 30 Mar 2010 23:07:00 GMT

Short sales are already picking up in the distressed-property market, and the trend is expected to explode in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. "Banks have ramped up short sale approvals," said Duane Legate of House Buyer Network. "They're hiring a lot of the people who once worked in the mortgage-lending industry and moved them over to short sales." Short sales accounted for 17% of all residential real estate sales in February, up from nearly 13% in November, according to a monthly real estate market survey by Campbell/Inside Mortgage Finance. And Bank of America, the country's largest mortgage servicer, has more than doubled the number of short sales it processed in recent months. This is a huge change from even just six months ago when the short-sale market was stalled and most people would describe the process has real estate hell. Because lenders stand to lose so much on these transactions, they have been reluctant to make short sales happen, often waiting months before getting back to potential buyers. But that has been changing.

For one thing, banks realize that they make out far better financially with a short sale than a foreclosure. "The lenders lose 50% on a foreclosure and only 30% on a short sale," said Glenn Kelman, founder of the real estate Web site Redfin. "And short sales offer a way to get distressed properties off their books quickly." And on April 5, lenders and mortgage investors will have even more incentives to offer troubled borrowers short sales instead of foreclosing. Under the new Home Affordable Foreclosure Alternatives (HAFA) program, borrowers will earn a $3,000 "relocation incentive" and servicers will get $1,500 for handling a short sale. The investors who actually own the mortgage notes will get $2,000 in exchange for sharing proceeds of the short sales with any second-lien holders. And, finally, those second lien holders will receive up to $6,000 for releasing their claims. Lenders participating in the program must also determine the market values of properties early on and inform the owners of just what price they're willing to accept. Then, if owners come back to the lenders with bonafide offers, they have to be accepted within 10 days.

What's in HAFA?

The coming boom in short sales may accelerate the end to the foreclosure crisis by cleaning out the overhang of borrowers in distress and replacing them with more stable homeowners. Plus, these sales are better for distressed borrowers because their credit scores suffer less. Going through a foreclosure can knock 200 points off a FICO score, twice as much as the penalty for a short sale. I'll provide details as they come along, but here's a primer from the National Association of Realtors (NAR):

- Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home.

- Uses borrower financial and hardship information already collected in connection with consideration of a loan modification.

- Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).

- Prohibits the servicers from requiring a reduction in the real estate commission agreed upon in the listing agreement (up to 6%).

- Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).

- Uses standard processes, documents, and timeframes/deadlines.

- Provides financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to $1,000 for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders (on a one-for-three matching basis).

- Requires all servicers participating in HAMP to implement HAFA in accordance with their own written policy, consistent with investor guidelines. The policy may include factors such as the severity of the potential loss, local markets, timing of pending foreclosure actions, and borrower motivation and cooperation.

NEW Tax Credits

Paul Cross — Fri, 06 Nov 2009 13:20:00 GMT

President Obama will be signing into law the new Tax Credits today. This means there is STILL an opportunity for First Time Buyers to obtain the $8,000 credit, PLUS now Existing Home Owners may be eligible for a $6,500 credit.

Existing home owners must have owned their current home for at least 5 years. To qualify for the credit opportunities you must have your next home under contract by April 30th 2010, and complete the transaction by end of June 2010.

Contact Nancy for more details 813-789-7836

Price Reduced on 1505 E Dr Martin Luther King Blvd in Bonita

Paul Cross — Mon, 02 Nov 2009 15:08:00 GMT

Bonita, Tampa - Announcing a price reduction on 1505 E Dr Martin Luther King Blvd, a 1,745 sq. ft. single story. Now MLS® $112,000 - Priced to SELL!.

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2754 Windguard Circle in Windfair is Sold!

Paul Cross — Mon, 02 Nov 2009 15:07:00 GMT

Windfair, Wesley Chapel - The single story at 2754 Windguard Circle has been sold.

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House prices down 0.5%

Nancy Cross — Thu, 22 Oct 2009 14:58:00 GMT

According to the 10-City Composite Index of house prices released by real estate market data provider Altos Research, house prices declined 0.5% in September and 1.1% during the third quarter. The index is a measure of home prices based on summaries of metrics associated with active residential property listings. After bottoming out at $470,017 in January, it gradually increased to $509,030 in July before again declining and was $503,401 in September. Of the 26 markets Altos Research examines, asking prices increased in only five, including Los Angeles, which experienced a 1.5% increase, the largest of the 26 markets. Phoenix had the largest monthly decrease of 3.7%. Inventory also declined in 23 of 26 markets. All of the 26 markets except San Francisco had a median days-on-market of 100 or more in September. Miami had the slowest inventory turnover rate at 251 days. Altos said prices are likely to continue showing modest declines throughout the seasonally weak fall and winter months of 2009, and that this year’s downturn would likely have been worse if not for historically low mortgage rates and the first-time home buyer tax credit. Want to know the value of your home here in Tampa? Click on www.tampahomesearch.us and find out.

Price Reduced on 27627 Sugarloaf Drive in Northwood

Nancy Cross — Mon, 12 Oct 2009 23:44:00 GMT

Northwood, Wesley Chapel - Announcing a price reduction on 27627 Sugarloaf Drive, a 1,810 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $169,900 - GREAT Price.

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Announcing The Foreclosure Rescue Program!

Nancy Cross — Sat, 25 Oct 2008 21:21:00 GMT

The PANDA Team has the Foreclosure Rescue Program and it could help you!

The British Police introduced The Panda Car in the 1960s, and it still uses the "Panda" designation on it's vehicles today...

This was a "Ford Anglia", and was used for all kinds of rescue...

We're ready to jump into high gear to save you from foreclosure!

But first some information...

There are several terms you need to be familiar with when dealing with a possible foreclosure, and you should probably be aware of how the process normally progresses.

The Lender can decide how many months of non-payment they will accept before starting the process, but figure on 3 to 6 at the outside. After that they will send a Notice of Default, outlining the amount you owe, how late you are, and what you can do to become current again. At the same time, or soon afterwards, they may file a Lis Pendens in the County Court, which states their intention to sue. Once the Court has assembled the documentation, a Notice of Action will be published, and then finally you will be informed through a Final Judgement that a Foreclosure is imminent. Foreclosure itself is handled through an auction. We strongly recommend that you consult an attorney if you find yourself in this situation. Of course we would be happy to assist in you finding a well-qualified attorney too.

During the "pre-foreclosure" period, while the lender and court are going through the process above, you may be able to arrange a "short-sale" of your home. Most Lenders insist that your home be listed for sale by a licensed professional, and it is usually a good idea to have a "short-sale" qualified licensed professional manage the short-sale process for you too, since it can be somewhat complex.

Short Sale Primer

What is a Short Sale?
A short sale is when a Lender agrees to accept less than the amount owed to pay off a mortgage. In our current market in Florida, this often occurs because the value of the home has dropped below the amount owed on the mortgage.

Why would the Lender accept a Short Sale?
Well to begin with, the Lender is in the financing business NOT the Real Estate business, and certainly would prefer NOT to own your property. Accepting less than the full payoff for the loan now, may help the Lender avoid an even lower payoff later, since there are costs associated with every stage of the foreclosure process. If the Lender has to take possession of the property, they incur property management costs as well as still having to sell at market price or below.

What if I have an equity loan or second mortgage too?
Normally the primary loan holder will be the entity to file for foreclosure, since they have "1st position", and will receive the funds (or the property) at foreclosure. Second or subsequent liens are paid from any funds left over after the 1st position lienholder has foreclosed. In a short sale situation, there are NO funds left, so lenders in 2nd or subsequent positions will receive nothing if a foreclosure occurs. For this reason they may be willing to accept a much reduced payoff, which will be negotiated as part of the short sale process.

How long does a Short Sale take?
The normal process calls for a Licensed Real Estate Agent to list the property for sale, using all normal means to create a sale. Once a Buyer makes an offer on the house, the agent will submit this to the Lender and the Short Sale process begins. From this point it can take 3-5 months, while the Lender assigns a loss mitigator and or "investor" to the process, and requests a wide range of information from the Seller, Seller's agent and Buyer's agent. So, since the house has to be marketed first, then still needs 3-5 months to close, it can easily take 6 - 8 months! Not many Buyers want to wait this long...

Why use the PANDA Team's Foreclosure Rescue Program?
1. We buy your house
2. We are qualified short sale professionals
3. We reduce the time a short sale takes
4. We handle ALL aspects of a short sale for you
   a. Assemble the documents required by the Lender
   b. Negotiate with the Lender
   c. Find the new Buyer
   d. Manage the Closing

For more information, visit http://www.crossteamrealty.com/Pre-Foreclosure/page_2080762.html. Or send us a quick email to NancyCross@CrossTeamRealty.com. We'll answer any questions you have regarding "short sales" or the Pre-foreclosure Rescue Program.

2 Story For Sale in Tampa

Nancy Cross — Thu, 26 Jun 2008 06:00:00 GMT

Beautiful home!

• 3,746 sq. ft., 4 bath, 5 bdrm 2 story - MLS® $349,000 - Short Sale!

Tampa, Hillsborough County - A stunningly beautiful home in Cross Creek, close to schools shops, and highways, with easy access to SR 56, I-75, and I-275. This well planned, spacious home is absolutely move-in ready.
This is a short sale, so offers will be subject to bank approval.

Property information

Townhouse For Sale in Hyde Park

Nancy Cross — Wed, 25 Jun 2008 06:00:00 GMT

Immaculate!

• 1,528 sq. ft., 2 bath, 3 bdrm townhouse - MLS® $324,900 - Special pricing!

Hyde Park, Tampa - Immaculate three story townhouse, with 1 bedroom and half bathroom on 1st floor, living areas on the second floor, and the master and third bedroom on the top floor. Close to all downtown activities, including restaurants, theater etc.
This is a short sale, so offers will be subject to bank approval.

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Single Story For Sale in Northdale

Nancy Cross — Mon, 16 Jun 2008 06:00:00 GMT

• 1,751 sq. ft., 2 bath, 4 bdrm single story - MLS® $249,000 - Short Sale

Northdale, Tampa - This is a short sale and all offers subject to bank approval. Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of Property at full listing price may be conditioned upon approval of third party AC new in 2007. The HOA of $35.00 is optional.
Real pine wood floors, large screened in pool, cul-de-sac street. 4BR/2BA, split plan. Walking distance to YMCA & shopping.

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2 Story For Sale in Meadow Pointe

Nancy Cross — Sun, 08 Jun 2008 06:00:00 GMT

Completely remodeled!

• 1,224 sq. ft., 2 bath, 2 bdrm 2 story - MLS® $124,900 - Priced to sell!

Meadow Pointe, Wesley Chapel - Gorgeous 2 Bed/2.5 Bath townhome locately in the heart of Meadow Pointe in the gated community of Covina Key. The townhome has been completely remodeled with wood laminate flooring in the downstairs living areas. The kitchen has been remodeled with granite counters and 18" custom tile. Upstairs you'll see both bathrooms have been remodeled with 18" custom tile flooring, granite counters and new sinks and faucets. This is a great value for the neighborhood. All sinkhole remediation has been done to this building and insurance has been resolved. All appliances will stay with the home. HOA fees include water, building exterior maintenance, roof repair/maintenance, trash removal and building insurance. Relax on your screened, covered lanai and enjoy maintenance-free living!

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2 Story For Sale in South Tampa

Nancy Cross — Wed, 04 Jun 2008 06:00:00 GMT

2 minutes walk from Bayshore Blvd

• 5,010 sq. ft., 5 bath, 6 bdrm 2 story - MLS® $1,100,000 - Special pricing

South Tampa, Tampa - Tranquil custom built concrete block pool home just steps to beautiful Bayshore Blvd. Enjoy the serenity of luxury Florida living just minutes to downtown Tampa . This spacious 6 bedroom pool home is nestled beneath sprawling Oaks & lush landscaping Walk thru the mahogany leaded glass doors you will continue into the 2 story foyer framed with Cherry and wrought iron staircase. enjoy the formal living room with fireplace & 21ft ceilings. Huge kitchen area that is surrounded with custom cabinets and thermadore appliances. prepare your meals on the 12ft x 6ft solid granite island with a deep copper sink and 2 dishwashers. All this overlooking the two story family room with lots of sunlight. The new owner will appreciate the thoughtfully designed Master wing on the ground floor featuring room for your king size bed & sitting area overlooking the spa and pool. In this separate wing, you will also enjoy the comfortable sized office, and 2 walk in closets, double frosted glass doors leading to the spacious travertine bath with copper nickel tub, large separate shower with tall glass surround. Upstairs is finished in brazillian cherry floors along with second floor balcony over looking pool.

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