Owner’s of Million Dollar Homes on the Water in South Tampa finally get the approval on Canal Dredging by the City Of Tampa. If you are looking to purchase a home on one of the canals that is scheduled for dredging; this is very important information to know.
As a Realtor working with buyers, I would advise you to visit a property at low tide, as there could be a difference of 3′ in water levels between high and low tides. This may also be the best time to buy on the water, as property values will increase significantly once the waterways become navigable.
How did the City determine affected homes?
A recent survey identified approximately 600 properties that do not meet the stated Level of Service(LOS) of 3 feet of water at mean low tide in the center of the canal. These “possibly affected” properties will be confirmed by a final professional survey. Properties below LOS will be included in the plan.
My canal has much less sediment than others, why do I have to pay the same amount?
Tampa canals vary greatly in size, shape and amount of sediment. Having unique costs associated with precise sediment removal would require the City to establish a Special Assessment Area on a per property or per canal basis, which is not feasible.
Why was the LOS chosen to be three feet at mean low water?
This is a common engineering practice and will provide reasonable depth for navigation and tidal flow.
What’s the benefit?
- Environmental benefits from improved water circulation, creating and restoring marine habitat, and improvement to the Tampa Bay estuary system
- Residents benefit from usable canals and a maintenance program that secures the future condition of our waterways
- City of Tampa benefits by solving a problem that has plagued the City for decades and will improve the quality of life in the area
What are the environmental enhancements?
This dredging will enable the canals to again be habitats for marine life and vegetation. Submerged invertebrates and emergent vegetation will be used to create healthier, cleaner water. Environmental details will be finalized as a part of the engineering study, and shared with all affected property owners
The schedule from this point may extend based on permits, as well as, other external management issues.
December 2010 is the estimated date for the Canal Dredging Construction to be Complete
Please let us know if you would like a list of waterfront homes for sale in the Tampa Bay area. Mailto: realtyrae@yahoo.com
Beach Park, Tampa, Fl
Appraiser says not all communities in South Tampa are depreciating in value….that doesn’t mean you can’t get a great deal! If a home is listed in today’s housing market you can bet that sellers are MOTIVATED. Owners are now competing with banks and short sales, therefore they are forced to lower their price.
The prestigious neighborhood has many canal front and open bay view homes, which attracts many homeowners looking for a boating community with all the conveniences of being close to the major highways and Downtown Tampa.
What makes the waterfront community of Beach Park in South Tampa one of the BEST Neighborhoods in Tampa? Appreciation…..Quaint Mature Oak Treed Lined Streets, and the Breezes from Tampa Bay.
The community is the closest luxury residential neighborhood to the Westshore Mall and Westshore Business District. Need to travel? Get to Tampa International Airport in 5 minutes. Fine Dining and the proximity to 3 major bridges provide easy access to Clearwater and St. Petersburg Beaches.
- Aerial Map View-Beach Park, Tampa, FL
In 2008, The Tampa Bay Business Journal published a news article about the increasing value of some neighborhoods of South Tampa….
A large independent provider of residential real estate appraisals says some Florida neighborhoods are increasing in value, despite statewide averages indicating a drop in home sales prices of 15 to 20 percent.
The South Tampa market, for instance, has seen luxury waterfront and inland properties in Beach Park, Palma Ceia and Hyde Park rise between 5 percent and 8 percent in the past year, a release from Forsythe AppraisalsLLC, based in St. Paul, Minn. said. Forsythe has branch offices in Tampa, Miami, Orlando, Jacksonville and West Palm Beach.
Stats from the MLS show since May 2008 thru January 2009 there have been four Beach Park Homes Sold. *These are only Waterfront, Water view or homes with Water Access.
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The lowest sales price was $1,020,00 with the highest being $1,308,00.
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Currently there are four homes for sale ranging from 675,00 up to 2,394,000.
The lowest BEST priced home for sale in Beach Park with a water view is $675,000. at ($164.67 per sf)
This home is a beautiful new construction Beach Park Two Story Mediterranean style masterpiece w/Open Bay Views of Tampa Bay from 2nd floor. Master Bedroom has large balcony to watch sunsets over Tampa Bay.
No detail has been unnoticed with Crown Molding throughout, Coiffured ceiling in the Large family room, Wood floors, Travertine Marble, Granite in kitchen & Master bath, ornamental wrought iron railings & much more. This home is a 5 bedroom, 4 1/2 bath masterpiece boasting almost 4100 square feet.
To see this beautiful luxury home please contact Rae at Prudential Tropical Realty: realtyrae@yahoo.com or call 813 784 7744
