Tampa Bay is emerging in Florida as a great destination for investors. Tampa already occupies the top position in the ranking of most sought after destinations by foreigners. Located in a coastal area along the Gulf of Mexico and, at the same time, just 1 hour drive from the main theme parks in Orlando, Tampa Bay gained even more prominence during the pandemic, due to the style and quality of life it offers.
“Tampa Bay offers a wide variety of waterfront properties and is not a region as besieged by tourists as Orlando and Miami. Besides being known for its beautiful beaches, it is close to Disney. You can have a vacation home in the region without the stress of traffic in Orlando, enjoy the beaches and parks. ”Explains Heloisa Arazi, broker and owner of AMG Realty”.
Property prices are also more interesting. The average value of real estate in Tampa is almost 5% lower than the median price for Orlando homes and is up to 30% below the average Miami price.
New ventures and an emerging local economy
There are more than $ 10 billion in new developments in Tampa’s economic horizon. The region follows in the footsteps of Miami on the international stage, moving towards becoming a business global hub. Indicators show that the region is becoming a catalyst for financial services, technology and industry. Not to mention that it is close to a large port, which also attracts business creates jobs. It is the ideal environment for entrepreneurs.
A recent report by Realtyhop placed the cities of Tampa and St. Petersburg in the top 100 hottest real estate markets in the US for the month of July. Tampa took 45 and St. Pete 53.
Tampa Bay investment opportunity
A new consruction that stands out in the region is Marina Pointe. It is a luxury waterfront condo with a private marina, south of Tampa. The marina, which is the largest in the area, makes Marina Pointe development a rare item, a feature much appreciated by investors, who expect appreciation in the prices of waterfront properties.
In interview to the website segs.com, the supervisor and commercial director of the launching Marina Pointe, Dominic Pickering, reports the great flow of foreigners buying in the region and remotely (without leaving their countries). Units at Marina Pointe start at $ 800,000. With American interest rates below 5% aa for foreigners, they are taking advantage of this historic moment in the American economy to finance the purchase through banks in Florida.
The condo is part of a planned community of more than 50 acres: The Westshore Marina District. The community offers shops, excellent restaurants, lots of green, views of the impressive Tampa Bay yacht basin and other unique features that make the place a perfect combination of urban life and healthy lifestyle.
Want to learn more about investing in Florida?
AMG Realty is a global real estate firm specializing in Florida. If you are interested in learning more about the Tampa, Orlando or Miami real estate markets, get in touch and talk now via WhatsApp with an agent: +1 305 3186968 (Heloisa Arazi).