Times are Changing: Tampa’s Mid-Century Modern Craze
As a Realtor in Tampa, I became involved in marketing and finding mid-century modern homes last year when I decided to purchase an old 1950s to 1960s block home to renovate for myself. I love the open-house concept, clean lines, angled roofs, and the melding of indoors and outdoors with lush tropical courtyards and expansive glass that was used to allow natural light into the home.
Here’s a great example of a true Mid-Century home I found in the Carrollwood Neighborhood.
What I learned was the homes I found had potential to be spectacular, but no homes were for sale that were already renovated and had the square footage I wanted.
Most original mid-century homes were between 1,100 and 1,400 square feet. The homes could cost anywhere between $150,000 to $350,000 unrenovated, depending on location. Investors are not buying these homes to flip, and the trend is so new that homeowners who have rehabbed mid-century homes aren’t yet selling them.
Finding what I wanted became a real struggle.
First, the neighborhoods where most of the mid-century homes were located were not in areas that were convenient for me, near the urban core of either Tampa or Downtown St. Pete.
Where are Mid-Century Homes Located?
There are homes similar to this one located in all different areas of Hillsborough and Pinellas Counties.
You can find more inventory in Temple Terrace, a suburb of Tampa near the University of South Florida, some are also located in Original Carrollwood like the home above, but the majority of homes are in Pinellas, in neighborhoods like Lakewood Estates, The Pink Streets, Jungle Prada and Gulfport.
Location was not the only problem:
The second obstacle I ran into was that if a mid-century modern home was located in a flood zone – such as Ballast Point or Beach Park in South Tampa or near water in St. Petersburg – I could spend only 60 percent of the home’s current depreciated value on renovation. That “value” is determined by the property appraiser. By city rules, you are restricted in the amount of money that you can sink into an older flood-zone home.
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