Top Three Tampa Flood Zones

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Top Neighborhoods for Short Term Vacation Rentals in Tampa, Fl

  If you're looking to capitalize on the flourishing short-term rental market and want to make a sound investment decision, you've come to the right place! Tampa is a thriving city with a wealth of opportunities, and we're here to guide you through the top neighborhoods that promise excellent returns on your investment. Below are our top 4 recommended areas to consider when looking to purchase a short term vacation rental property.   1.Riverside Hights 2. Seminole Heights 3.South Tampa 4. Ybor City     1. RIVERSIDE HEIGHTS Riverside Heights is a historic neighborhood located in Tampa, Florida. It is situated just north of downtown Tampa, along the western bank of the Hillsborough River. Here are some key features and characteristics of the Riverside Heights neighborhood:   Historic Charm: Riverside Heights is known for its historic homes and architecture. Many of the houses in this neighborhood date back to the early 20th century, featuring classic designs like Craftsman, bungalow, and colonial revival styles. Proximity to Downtown: One of the main attractions of living in Riverside Heights is its proximity to downtown Tampa. It's just a short drive or bike ride away from the bustling city center, making it a convenient location for residents who work or enjoy spending time in the downtown area.   Scenic Views and River Access: As the name suggests, Riverside Heights offers beautiful views of the Hillsborough River. Some properties even have direct river access, allowing residents to enjoy various water activities like kayaking or boating.   Community Feel: Riverside Heights has a close-knit community vibe, with many local events and gatherings organized by residents. The neighborhood association plays an active role in preserving the historic charm and organizing community events.   Parks and Green Spaces: The neighborhood boasts several parks and green spaces, providing opportunities for outdoor activities and family-friendly fun.   Revitalization Efforts: In recent years, Riverside Heights has experienced a revitalization, attracting young professionals and families interested in restoring historic homes and contributing to the neighborhood's overall growth.   Access to Amenities: While Riverside Heights has its charm, it also benefits from being near modern amenities, such as restaurants, shops, entertainment venues, and educational institutions.     2. SEMINOLE HEIGHTS Seminole Heights is another popular neighborhood located in Tampa, Florida. Like Riverside Heights, Seminole Heights is known for its historic charm and community-centric atmosphere. Here are some features and highlights of the Seminole Heights neighborhood:   Historic Homes: Seminole Heights is renowned for its diverse range of historic homes, including bungalows, craftsman-style houses, Mediterranean Revival, and other architectural styles. The neighborhood's historic preservation efforts have contributed to its unique character.   Local Dining and Breweries: One of the defining features of Seminole Heights is its vibrant food and beverage scene. The neighborhood is home to numerous locally-owned restaurants, cafes, and craft breweries, making it a popular destination for food enthusiasts.   Cultural and Artistic Hub: Seminole Heights has a thriving artistic community, with various art galleries, studios, and cultural events regularly held in the area.   Parks and Recreation: The neighborhood offers several parks and green spaces, providing opportunities for outdoor activities, picnics, and relaxation.   Active Community Involvement: Seminole Heights has a strong sense of community involvement, with various local groups, events, and initiatives aiming to bring residents together.   Central Location: Like Riverside Heights, Seminole Heights is conveniently located close to downtown Tampa, allowing residents easy access to the city's amenities and attractions.   Tree-Lined Streets: The neighborhood's streets are often lined with beautiful oak trees, adding to the overall charm and providing shade during the warm Florida days.     3. SOUTH TAMPA   South Tampa is a popular and upscale neighborhood in the city of Tampa, Florida. It is known for its diverse community, attractive waterfront areas, and proximity to various amenities. Here are some key features of South Tampa:   Bayshore Boulevard: One of the most famous landmarks in South Tampa is Bayshore Boulevard, which stretches along the eastern edge of the neighborhood. It is a beautiful scenic road with a continuous sidewalk, making it ideal for walking, jogging, and biking. Bayshore Boulevard offers stunning views of Tampa Bay and the downtown skyline.   Historic Hyde Park: Hyde Park is a historic district within South Tampa, featuring charming brick streets, historic homes, and boutique shops. It is a popular destination for shopping, dining, and leisurely strolls. Davis Islands: Located just south of downtown Tampa, Davis Islands is a connected group of man-made islands. It offers a mix of residential and recreational areas and is known for its waterfront properties and parks.   Palma Ceia: Another well-known area within South Tampa is Palma Ceia, featuring an upscale residential community with beautiful homes and tree-lined streets.   Great Schools: South Tampa is home to several excellent public and private schools, making it a desirable location for families.   Dining and Entertainment: The neighborhood offers a wide range of dining options, from upscale restaurants to casual eateries. South Tampa also has a lively nightlife scene with various bars and entertainment venues.   Proximity to MacDill Air Force Base: South Tampa is relatively close to MacDill Air Force Base, making it a convenient location for military personnel and their families.       4. YBOR CITY   Ybor City, pronounced "EE-bor," is a historic neighborhood located northeast of downtown Tampa, Florida. It is renowned for its rich cultural heritage, vibrant nightlife, and unique atmosphere. Here are some key features and highlights of Ybor City:   Historic District: Ybor City is a designated National Historic Landmark District with a fascinating history. It was originally established as a cigar-manufacturing hub in the late 19th and early 20th centuries, attracting immigrants, particularly from Cuba, Spain, and Italy.   Cigar Heritage: The neighborhood's history is deeply tied to the cigar industry. Today, you can still find historic cigar factories, shops, and cultural events that pay homage to Ybor City's cigar-making heritage.   7th Avenue: Also known as "La Setima," 7th Avenue is the main thoroughfare of Ybor City and the heart of its vibrant entertainment and dining scene. It's lined with an eclectic mix of restaurants, bars, shops, and clubs, making it a popular destination for locals and tourists alike.   Cultural Events: Ybor City hosts various cultural events and festivals throughout the year, celebrating its diverse heritage. Events like the Guavaween Halloween celebration and the Gasparilla Pirate Festival are particularly popular.   Nightlife: Ybor City is known for its lively nightlife with a wide range of clubs, bars, and music venues. It's a favorite spot for those looking to enjoy a night out on the town.   Architecture and Street Art: The neighborhood features unique architecture, including colorful historic buildings and murals that contribute to its bohemian atmosphere.   Streetcars: Ybor City is connected to downtown Tampa via the TECO Line Streetcar System, providing easy access to other parts of the city.     With the short-term rental market continuing to gain momentum, investing in these top neighborhoods of Tampa is a strategic move that promises great potential for high occupancy rates and attractive returns on investment. Each neighborhood has its own distinctive charm and draws a diverse range of travelers, making them excellent choices for your short-term rental investment ventures.   If you're ready to take the next step towards securing your ideal short-term rental property in Tampa, FL, look no further than the Tatum Praise team. With our expertise and in-depth knowledge of the top neighborhoods for short-term rentals in Tampa, we are your go-to resource for making a successful investment. Whether you're a seasoned investor or a first-timer, the Tatum Praise team will guide you through the entire process, ensuring you find the perfect property that aligns with your goals. Don't hesitate to reach out to us today at 813.528.1121 or via email at tatum@mkarealty.com to start your journey towards lucrative short-term rental success in Tampa. Let our experience and dedication work for you, and soon you'll be enjoying the rewarding benefits of a thriving short-term rental investment. Make your move now and contact the Tatum Praise team – your key to unlocking the best opportunities in Tampa's dynamic real estate market.              

Top Recommended Neighborhoods For Young Professionals

  TAMPA & ST. PETERSBURG, FL The suitability of a neighborhood for young professionals can depend on personal preferences, career opportunities, and individual circumstances. It's always recommended to research the specific neighborhood thoroughly and visit in person to get a sense of its atmosphere and amenities before making a decision. Tampa and St. Petersburg, located in Florida, offer a vibrant and diverse range of neighborhoods that are particularly attractive for young professionals. Here is a brief introduction to some of the top recommended neighborhoods in both cities: Seminole Heights (Tampa): Seminole Heights is a trendy neighborhood in Tampa known for its historic bungalows, local breweries, and eclectic dining options. It has a vibrant arts scene, with galleries and live music venues, making it an attractive choice for young professionals seeking a unique and creative atmosphere. South Westshore (Fair Oaks, Manhattan Manor, Guernsey Estates, Anita Subdivision) (Tampa): South Westshore is a desirable neighborhood in Tampa known for its convenient location near Tampa International Airport and major employment centers. It offers a mix of single-family homes and apartments, with easy access to shopping, dining, and entertainment options. Crescent Heights (St. Petersburg): Crescent Heights is a charming neighborhood in St. Petersburg known for its well-maintained historic homes and tree-lined streets. It offers a quiet and family-friendly atmosphere, with easy access to downtown St. Petersburg and nearby parks, making it an attractive choice for young professionals seeking a peaceful and close-knit community. Historic Kenwood Neighborhood (St. Petersburg): Historic Kenwood is a vibrant and artistic neighborhood in St. Petersburg. It features bungalow-style homes, tree-lined streets, and a strong sense of community. It has an active art scene, with regular art events and festivals, making it an ideal choice for young professionals seeking a creative and close community. Shore Acres (St. Petersburg): Shore Acres is a waterfront neighborhood in St. Petersburg, offering stunning views of Tampa Bay. It is known for its upscale homes, waterfront parks, and recreational opportunities. With its proximity to downtown St. Petersburg and the beach, Shore Acres provides a tranquil and coastal lifestyle for young professionals. These neighborhoods in Tampa and St. Petersburg offer a range of amenities, attractions, and lifestyles suitable for young professionals. Each neighborhood has its own unique character, allowing individuals to find a place that suits their preferences and interests. Remember that affordability can vary over time and depending on individual circumstances, so it's always a good idea to research current market conditions and consult with local real estate experts when considering a specific neighborhood. SEMINOLE HEIGHTS, TAMPA STARTING WITH MY SIDE OF THE BRIDGE (Tampa Bay) #1. SEMINOLE HEIGHTS AVERAGE SALE PRICE: $475,000 AVERAGE SQ FT: 1,540 Seminole Heights is a historic neighborhood located in Tampa, Florida. It is situated just northeast of downtown Tampa, and it has a vibrant and diverse community. Seminole Heights is known for its unique charm, tree-lined streets, and a mix of architectural styles, including bungalows, craftsman homes, and Mediterranean Revival houses. One of the defining features of Seminole Heights is its thriving food and drink scene. The neighborhood is home to numerous independent restaurants, cafes, and bars, offering a wide range of cuisines and dining experiences. From trendy gastropubs to classic diners, Seminole Heights has options for every taste. Seminole Heights is also known for its active community engagement and local events. The neighborhood hosts regular events such as the Seminole Heights Sunday Morning Market, which features local vendors selling fresh produce, arts and crafts, and food. Additionally, there are art walks, music festivals, and other cultural events that showcase the talents and creativity of the neighborhood. For outdoor enthusiasts, Seminole Heights offers several parks and green spaces to enjoy. Rivercrest Park and Epps Park are popular choices for recreational activities such as picnicking, walking, and jogging. The Hillsborough River runs along the western border of the neighborhood, providing opportunities for boating and fishing. Overall, Seminole Heights is a dynamic and lively neighborhood that combines historic charm with a modern and eclectic atmosphere. Its sense of community, diverse culinary scene, and active engagement make it a desirable place to live and visit in Tampa. SOUTH WESTSHORE (FAIR OAKS MANHATTAN MANOR, GUERNSEY ESTATES, ANITA SUBDIVISION) #2 ON TAMPA SIDE: SOUTH WESTSHORE (FAIR OAKS MANHATTAN MANOR, GUERNSEY ESTATES, ANITA SUBDIVISION) AVERAGE SALE PRICE: $485,043 AVERAGE SQ FT: 1,528 South Westshore encompasses several neighborhoods in Tampa, Florida, including Fair Oaks, Manhattan Manor, Guernsey Estates, and Anita Subdivision. This area is located in the southwestern part of the city, near the popular Westshore district and Tampa International Airport. Fair Oaks is a residential neighborhood known for its tree-lined streets and a mix of housing options. It primarily consists of single-family homes, ranging from cozy bungalows to larger, more modern residences. Fair Oaks offers a suburban feel with a convenient location close to shopping centers, schools, and recreational facilities. Manhattan Manor is another residential neighborhood within South Westshore. It features a diverse range of homes, including mid-century ranch-style houses and newer construction. Manhattan Manor offers a mix of owner-occupied residences and rental properties, making it an attractive option for families and individuals. Guernsey Estates is a small community known for its larger homes and spacious lots. It offers a more secluded and private atmosphere, providing residents with a sense of tranquility. Guernsey Estates is known for its well-maintained properties and a peaceful suburban lifestyle. Anita Subdivision is a smaller residential neighborhood within South Westshore. It features a mix of single-family homes, townhouses, and apartments. This neighborhood offers a more affordable housing option while still providing access to the amenities and conveniences of the surrounding area. In terms of amenities and attractions, South Westshore benefits from its proximity to the Westshore district. The Westshore Plaza Mall is a popular shopping destination with a wide range of retail stores, restaurants, and entertainment options. There are also several parks and green spaces in the vicinity, including Cypress Point Park, where visitors can enjoy outdoor activities and scenic views. South Westshore's location near Tampa International Airport makes it convenient for frequent travelers. The neighborhood's accessibility to major roadways, such as the Veterans Expressway and the Leroy Selmon Expressway, also provides easy access to other parts of Tampa Bay. Overall, South Westshore, including Fair Oaks, Manhattan Manor, Guernsey Estates, and Anita Subdivision, offers a variety of housing options, a suburban atmosphere, and convenient access to amenities, making it an appealing place to live in Tampa. CRESCENT HEIGHTS, ST. PETERSBURG Crossing the bridge over to St. Pete #1 STARTING OFF MY TOP RECOMMENDED AREA WOULD BE: CRESCENT HEIGHTS AVERAGE SALE PRICE:  $706,746 AVERAGE SQ FT: 1,890 Crescent Heights is a neighborhood located in St. Petersburg, Florida. It is situated just north of downtown St. Petersburg, bordering the Historic Uptown neighborhood to the south. Crescent Heights is known for its mix of residential properties, including single-family homes, apartments, and townhouses. The neighborhood gets its name from Crescent Lake, a beautiful and serene lake located within its boundaries. Crescent Lake Park is a prominent feature of the area, offering residents and visitors a peaceful retreat with walking paths, picnic areas, and playgrounds. The park is popular for outdoor activities such as jogging, dog walking, and enjoying nature. Crescent Heights is characterized by tree-lined streets and a variety of architectural styles. You can find a range of housing options, including historic bungalows, Mediterranean Revival homes, and modern residences. The neighborhood has seen revitalization efforts in recent years, attracting young professionals, families, and individuals seeking a vibrant urban lifestyle. The location of Crescent Heights provides convenient access to the amenities of downtown St. Petersburg. The downtown area offers an array of dining options, shopping boutiques, art galleries, and entertainment venues. The Salvador Dalí Museum, Mahaffey Theater, and St. Petersburg Museum of Fine Arts are just a few attractions located nearby. Additionally, Crescent Heights is close to the bustling 4th Street corridor, which is known for its shopping centers, restaurants, and commercial establishments. This proximity ensures that residents have easy access to everyday necessities and recreational opportunities. Overall, Crescent Heights offers a desirable residential experience with its attractive housing options, proximity to downtown St. Petersburg, and the natural beauty of Crescent Lake Park. It combines the charm of a historic neighborhood with the convenience and amenities of a thriving urban area. HISTORIC KENWOOD NEIGHBORHOOD, ST PETERSBURG #2 HISTORIC KENWOOD NEIGHBORHOOD AVERAGE SALE PRICE: $543,796 AVERAGE SQ FT: 1,383 Historic Kenwood is a charming and historic neighborhood located in St. Petersburg, Florida. It is known for its beautifully preserved bungalow-style homes and a strong sense of community. The neighborhood's history dates back to the early 1900s when it was originally developed as a streetcar suburb. Many of the homes in Historic Kenwood were constructed between the 1910s and 1950s, showcasing architectural styles such as Craftsman, Mediterranean Revival, and Colonial Revival. The neighborhood's designation as a historic district has helped preserve its unique character and architectural integrity. Historic Kenwood is highly regarded for its commitment to historic preservation. The neighborhood association actively works to maintain the architectural integrity of the homes and provides resources to residents for restoration and renovation projects. The result is a visually appealing neighborhood with tree-lined streets, well-maintained homes, and a cohesive aesthetic. One of the highlights of Historic Kenwood is its vibrant art scene. The neighborhood is home to numerous artists, galleries, and studios. Every year, the Artists Enclave of Historic Kenwood hosts an annual studio tour, allowing visitors to explore the art studios and meet local artists. The neighborhood also hosts art-related events and workshops throughout the year, fostering a creative and artistic atmosphere. Historic Kenwood residents take pride in their community and actively participate in neighborhood events and organizations. The Historic Kenwood Neighborhood Association organizes social gatherings, neighborhood clean-ups, and advocacy efforts to enhance the quality of life in the area. The strong community spirit and active involvement contribute to the welcoming and friendly atmosphere of the neighborhood. In terms of amenities, Historic Kenwood is located near the vibrant downtown area of St. Petersburg. Residents have convenient access to a wide range of restaurants, shops, entertainment venues, and cultural attractions. The neighborhood is also within close proximity to several parks, including nearby Kenwood Park, which offers green spaces, a playground, and recreational facilities. Overall, Historic Kenwood is a highly regarded and cherished neighborhood in St. Petersburg. Its well-preserved historic homes, active art community, and engaged residents create a unique and appealing living environment. Whether you appreciate architecture, art, or a strong sense of community, Historic Kenwood offers a delightful living experience. SHORE ACRES NEIGHBORHOOD, ST PETERSBURG #3. SHORE ACRES AVERAGE SALE PRICE: $560,109 [NOT INCLUDING THE WATERFRONT HOMES WHICH CAN GO UP TO A COUPLE MILLION DOLLARS] AVERAGE SQ FT: 1,584 Shore Acres is a desirable residential neighborhood located in northeast St. Petersburg, Florida. It is situated on a peninsula surrounded by Tampa Bay and several interconnected canals and waterways, offering residents scenic water views and access to outdoor recreational activities. The neighborhood of Shore Acres is known for its diverse range of homes, including single-family houses, waterfront properties, and upscale estates. Many homes in Shore Acres feature architectural styles such as mid-century modern, ranch, and Mediterranean Revival. The area has experienced development over the years, with a mix of older homes and newer construction. One of the main attractions of Shore Acres is its waterfront location. The neighborhood offers numerous opportunities for boating, fishing, kayaking, and other water-based activities. Residents can take advantage of the nearby boat ramps and marinas for easy access to the bay and Gulf of Mexico. Shore Acres is also home to several community parks, including Shore Acres Mini Park, which features a playground and picnic area. Shore Acres is known for its well-maintained streets and lush landscaping, creating an aesthetically pleasing environment for residents. The neighborhood association actively works to maintain the beauty of the area and organizes events and activities to foster a strong sense of community. The annual "Shore Acres Homeowners' Association Parade of Homes" is a popular event that showcases the neighborhood's diverse architecture and community spirit. In terms of amenities, Shore Acres is conveniently located near shopping centers, restaurants, and other commercial establishments along 4th Street North. Downtown St. Petersburg is just a short drive away, offering a vibrant downtown atmosphere with a wide range of dining, entertainment, and cultural options. Additionally, Shore Acres provides easy access to recreational areas such as Weedon Island Preserve. This nature preserve offers hiking trails, kayaking, and educational programs that allow residents to explore the natural beauty of the region. Overall, Shore Acres is a desirable neighborhood in St. Petersburg, Florida, known for its waterfront location, diverse housing options, and community involvement. Its proximity to outdoor activities, amenities, and downtown St. Petersburg make it an attractive place to live for those seeking a coastal lifestyle.        

Real Estate Cycles

  Real Estate Cycles Recovery, Expansion, Hyper Supply, and Recession   The four phases of the real estate cycle are recovery, expansion, hyper supply, and recession. Real estate cycles are influenced by global crises, population disparity, interest rates, and overall economic health. What are the 4 phases of the real estate cycle? The real estate life cycle follows four phases that we’ve cycled through many times throughout history. Remember, while these phases are in a numbered list, they’re a part of a constantly spinning cycle. So, despite its place at the start of the cycle, the recovery phase is considered the bottom. This is because after the recession phase, the market itself is considered to be at its lowest. Let’s take a look at the four cycles of real estate: Recovery Expansion Hyper supply Recession   Recovery: While the recovery phase is often listed as the first phase, the real estate cycle is circular, meaning that the recovery phase occurs after the recession phase. In the recovery phase, the real estate market begins at a low point from the recession phase—occupancy and rental rates are low, and new construction slows—and gradually rises in strength. If there is any rental growth, it occurs below the rate of inflation. For individual homeowners or renters, the recovery phase can be challenging to differentiate from the recession phase because the market will look much the same; experts look at trends like gradual occupancy increases or growing demand to identify when the recovery stage has begun. The recovery phase is a popular time for real estate investment and speculation since prices of properties are low (especially for distressed properties that need renovations), so the potential eventual return on investment from operation or resale is high. Recession: In the recession phase, supply has over-exceeded demand, and demand plummets—causing high vacancy rates and negative rent growth (or rent growth below the rate of inflation). Some opportunistic investors will look for accessible investment opportunities during this phase since properties will be at rock-bottom pricing (especially foreclosures). They then wait until the real estate cycle circles back, and the downturn is over—as the market begins to recover and eventually expand. Hyper supply: In the hyper supply phase (or oversupply phase), the supply will finally catch up and exceed high demand as previously started construction projects continue to wrap up. Vacancies will rise, and rent growth will slow. During this phase, some real estate investors will buy properties from companies that are nervous about the impending recession and eager to sell at a more attractive price. These investors will then wait until the expansion phase to sell (often called the buy and hold approach). Another common investment strategy is to invest in a tenant building that’s at capacity and has long-term leases in place since it will continue to bring in a steady cash flow during the coming recession. Expansion: In the expansion phase, the real estate market is completely recovered from the recession phase and is very strong. When the real estate market expands, vacancy is low, rent rates are high (and rising), property values are high, and new construction is typical to see. The expansion phase is a standard time for real estate investors to buy new rental properties or renovate old buildings since the demand is high and new tenants are usually easy to find.