Smith & Associates Real Estate knows new construction.
We proudly announce our newest development listing for South Tampa real estate. La Maddalena, a beautiful community conveniently located in Beach Park. These “Old World” Italian style townhomes are an escape from everyday living. Secluded in its own brick-paved gated paradise, La Maddalena offers tranquility to residents with a beautiful open courtyard, ponds, lavish landscaping and mature oaks.
New ownership has made these amazing townhomes available to purchase at one-of-a-kind pricing. Starting at $370,000, the homes are very spacious. Ranging in size from 2,000 – 3,700 square feet, the residences offer 2, 3, or 4 bedrooms. La Maddalena offers various floor plan options, but all include top-of-the-line finishes. Whether it be granite countertops, wood floors, beautiful tile, stainless steel appliances, or extensive crown molding, the seller has left no detail untouched. Balconies and patios allow residents to enjoy outdoor spaces for reading a book or enjoying the oak lined scenery. To top it off, the homes have 2-car attached garages and fireplaces.
Smith & Associates will be hosting an Opening Event on August 7th & 8th from 11am – 4 pm. This will be the first chance to view the new homes being offered by the current seller, with unbelievable reduced pricing. Don’t miss out of this opportunity to view an amazing piece of South Tampa real estate!
To learn more about La Maddalena contact us info@smithandassociates.com
Once upon a time there was a church sitting on an unused piece of waterfront property in downtown Clearwater. Opus South, a successful developer whose previous projects in the area are much admired, saw the land as the prime opportunity it was and began developing another luxury high rise. Since the project began when the market was booming, contracts came flying in and the building quickly filled up with buyers. Construction of the Water’s Edge tower began.
As time passed during construction, so did the hot market. Price values fell, economy woes continued, and buyers lost interest. Whether units were being purchased as a primary residence, a real estate investment, or a second home, many could no longer financially afford the new condo. Buyers still excited to move in to the building found it difficult to obtain financing since the banking industry was hit so hard. The condominium market encountered new rules and regulations in order for banks to offer loans. Since the project was no longer affordable to hold on to, Opus exited the development. Their beautiful vision for Water’s Edge, however, remains.
Now, 5 years after the project began, a new buyer has acquired Water’s Edge at a discount price. The building is now ready to be sold back to the public on the open market at today’s values, which are 50% less than original prices. Doors will open at the new Sales Office on property starting July 30th.
Smith & Associates Real Estate is proud to have been brought back into the fold as the on-site brokerage. Having been involved in the project since the beginning, we look forward to offering our vast amount of product knowledge to the sales center and prospective Clearwater buyers. “We are enthusiastically suprised with the large amount of interest we’ve had thus far” says Dave Traynor, Director of Developer Services for Smith. “We haven’t seen this many prospects interested in a new building in several years.”
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Smith & Associates Real Estate knows new construction.
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