Vacant lot on Davis Islands sells for record-breaking $6.62 million

A vacant waterfront lot on Davis Islands has been sold nearly twice what it fetched in 2015. The .56-acre lot at 84 Adalia Ave. sold for $6.626 million, Smith & Associates Real Estate said Friday. It has 175 feet of bay frontage. The brokerage firm says the sale is a record for residential land in Tampa. Smith & Associates did not reveal the buyer. A dead for the transaction filed Friday lists the seller as Longboat Capital LLC, which is linked to a Houston-based investment trust. Greg Margliano…

Heritage Insurance expects $10.2M net loss for Q1 due to severe Brevard County storm

Heritage Insurance Holdings Inc. (NYSE: HRTG) has announced it expects approximately $10.2 million of net losses due to a severe hailstorm in March in Brevard County. The National Weather Service determined the storm was the most significant hailstorm event in Brevard County history, dumping hail the size of quarters and nickels across the area for up to 10 minutes, according to Florida Today. In total, Heritage expects to incur approximately $15.4 million of net catastrophe losses in this year’s…

Laser Spine founder to auction off sprawling Belleair property (Photos)

Nearly two months after Laser Spine Institute abruptly closed its doors, its surgical founder will hold an auction to sell off a sprawling property on the Belleair waterfront. The auction, slated for April 30 at 9 a.m., will take bids beginning at $4.5 million, auction house Interluxe said Tuesday. Interluxe is auctioning the house in cooperation with Phyllis Franklin of Stonebridge Real Estate, the home's listing agent. The property has been on and off the market since 2010, when it was priced…

​Trump says the U.S. is ‘full.’ Much of the nation has the opposite problem

Many economists see ample evidence of a country that is not remotely “full” — but one where an aging population and declining birthrates among the native-born population are creating underpopulated cities and towns, vacant housing and troubled public finances.

Meet Highland Homes, a 2019 Best Places to Work honoree

Extra Large (100+ employees) Highland Homes Location: Lakeland How would you describe your company to someone outside of your industry? We are new homebuilders who have been helping homebuyers realize their dreams of homeownership since 1996. Highland Homes is dedicated to delivering the American Dream and total satisfaction through true value in all aspects of the building process. What perks are offered by your company? Snacks Health benefits Vision benefits Dental benefits Ability to work…

Tampa hospitality group creates vacation rental business for Anna Maria Island

Tampa-based Mainsail Lodging & Development group has created a new business focused on rental homes on Anna Maria Island. Under the name Mainsail Vacation Rentals, it will create a portfolio of properties ranging from condominiums to single family homes, according to a news release. Guests will have access to 24/7 support and the option of an in-person check-in experience. Mainsail will handle the listing, bookings, guest support, housekeeping and maintenance for homeowners. Mainsail operates…

South Tampa home once owned by New York Yankees owner Hal Steinbrenner hits the market (Photos)

A South Tampa property that New York Yankees owner Hal Steinbrenner once sold at a loss is on the market, listed for sale at $2.1 million. Steinbrenner bought the house at 5008 W. Leona St. in 2007 for $1.8 million and sold it in 2011 for $1.35 million. The current owners, Cesar Santiago and Vanessa Owens, paid $1.8 million for it in 2015. The house is 3,564 square feet with four bedrooms and four and a half bathrooms. Paul DeSantis with Premier Sotheby’s International Realty has the listing. View…

Frank Guerra knows it’s the right time for Altis to build a multifamily complex in St. Pete

When the entire complex is complete, Elements on Third will be a 10-acre campus with six residential buildings and amenity buildings, all just off 34th Street N.