Developers have announced plans to build a small, mid-rise condo project right in the heart of St. Pete’s flourishing Innovation District. Dubbed 357 on Fifth, the new boutique building will feature just 13 condo residences, which will range in size from 1,031 to 2,460 square feet.

According to reports, 357 on Fifth is projected to be finished sometime in late 2019, but an official groundbreaking date still hasn’t been set. Developers paid $850,000 for the building site back in March, which was also noted by the Tampa Bay Business Journal.

Other details about the project still haven’t been made available but pricing for condos at 357 on Fifth should fall somewhere between the upper $500,000s and close to $1.35 million.

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Good news for anyone still looking to buy in Tampa—price increases last month were among the smallest we’ve seen in about a year, according to new statistics recently released by Florida Realtors®.

Along with that, single-family home sales also declined year-over-year by 1.2% as many would-be buyers are being being priced out of what they want, or are perhaps waiting until inventory gets a little stronger heading into fall.

The Chief Economist at the National Association of Realtors also contributed the slow month to a slight increase in mortgage rates earlier in the year as well.

Even with the rate of price increases slowing, however, single-family homes in Hillsborough County still jumped 6.4 percent to $216,000 compared to July 2017, while Pinellas…

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Tampa New Construction Single-Family HomesGenerally speaking, buying new construction usually means paying a premium. But that doesn’t necessarily require an out-of-this-world budget either. Depending on where you look, new construction homes for sale in Tampa can sometimes be rather affordable, especially if you start your search in the following neighborhoods right now.

Ybor City

New homes are popping up all around Tampa’s historic Ybor City right now, and some of the smaller bungalow style homes with around 1,250+ square feet fall right around the $225,000 to $250,000 price range.

Touchstone

If you’re looking for slightly more living space but still want plenty of charm and character, swing over to Tampa’s new Touchstone community, where affordability and desirability combine to…

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St. Pete New Construction Real EstateIf you're looking for new construction in St. Pete right now, several high-profile projects are definitely worth a closer look.

Uptown Kenwood Townhomes

Close to the downtown area, the Uptown Kenwood provides for luxury townhomes, some with more than 2,000 square feet of living space. With five different designs to choose from, residents are also sure to enjoy a swimming pool, a grilling area and a dog park.

Vela Condos

Right in Downtown St Pete, Vela will soon present sophisticated condos in energy efficient designs. From car charging outlets to oversized balconies, you’ll find it all within a short walk of everything you want in the area.

The Salvador Condos

Just steps from area museums and theaters, The Salvador supplies luxury condos…

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Tampa New Construction Real EstateIf you’re looking for a new construction townhouse somewhere in the Tampa area, now is a great time to be in market. Along with inventory picking back up ahead of the busy fall season, several new construction townhome communities currently in the works offer buyers some intriguing options. We explore a few below…

Rego Palms

This newly built townhouse community is great for entry-level buyers who may not be ready for a single-family home. Units at Rego Palms definitely have adequate living space and also include private garages. Typical finishes are also highly desirable and include stainless steel appliances, upgraded title flooring, granite stone countertops, and high-end carpeting in the bedrooms.

Views at North Hyde Park

One of the newest…

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