Clearwater Beach Condos | New Developments affected by Clearwater Beach Real Estate Market
May 2nd, 2007 Categories: Clearwater Beach Florida
Clearwater Beach New Condos
Clearwater Beach, Florida – Yesterday it was announced that the Indigo Beach Residence & Suites, a new Clearwater Beach real estate condo development to be built on the site of the old Adam’s Mark Hotel on south beach is the latest casualty in the changing Clearwater real estate market.
They announce that the Indigo Beach Residence & Suites to be built on Clearwater Beach Florida been canceled.
All Indigo condo deposits are now being returned to the would-be Clearwater Beach buyers of the Indigo condos on south Clearwater Beach. This is just another sign that with all the recent Clearwater and Tampa Bay condo conversions, the new condo developments, skyrocketing insurance rates and high property taxes, especially for those that don’t qualify for our homestead exemption – Clearwater Beach condos – prices have risen to a level that are out of reach for most at over $600,000 on average compared to the mid $300,000s just 2-3 years ago.
There is talk of attracting a signature hotel to this fabulous piece of Clearwater Beach real estate – the benefit to beach real estate would be an influx of tourist and tourtist dollars year round – this is a great financial engine to Clearwater’s tourist driven economy.
The St Petersburg Times, our local Pinellas County paper. did an excellent article in November and it’s still true today: condo dreams have dried up on Clearwater Beach, Florida at least for now.
Clearwater Beach Florida Condos Planned
Nine projects totaling $1.4 Billion were schedule but now only the Marquesas Clearwater beach condo project is on schedule the rest have been delayed or cancelled. (Updated – Marquesas has been delayed and word on the street is that they are redesigning it and wil have new name new price point and new floor plans when it comes back out)
The following Clearwater Beach real estate developments been effected:
- Aqualea Residence – Luxury condo project;
- Clearwater Grande – Luxury condo project ;
- Enchantment – Luxury condo project;
- Entrada – Luxury condos on Clearwater Beach project;
- Indigo Beach Residence & Suites – Clearwater Beach condos;
- Kiran Grand Resort & Spa – Clearwater Beach condos;
- Marbella Condominiums – Clearwater Beach condos;
- Sienna Sands – Luxury condos on Clearwater Beach Florida project;
In these changing times having a real estate agent (or 2 in our case) working for you is a real asset! We make sure our condo and home buyers on Clearwater Beach or anywhere in Tampa Bay get great deals – guaranteed. We’d love to talk to you about how we can help you find the perfect property – home or condo at the perfect price.
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About Cyndee Haydon
Cyndee Haydon, Realtor with Future Home Realty specializing in luxury waterfront and beach homes of Clearwater Beach - St Pete - Tampa Bay area with her husband and partner, Jack Haydon Cyndee's Google Profile
