Happy Wednesday!

We’ve got some great updates for Pasco and Tampa this week.

A new flood relief plan is in the works, but local businesses have raised concerns over the road closures needed for the project.

Sunwest Park is getting $5M in upgrades and we are also looking at how you can prep your home if you’re thinking about selling this spring.

—Sean

🚧 Tampa's South Howard Avenue
to Be Disrupted During $65m
Flooding Relief Project

Driving the news: Tampa City Council approved a significant flood mitigation endeavor for South Howard Avenue, securing a $10.1 million state grant as part of the $65 million project aimed at alleviating chronic flooding.

Details: Scheduled from June 2025 to December 2028, the initiative involves implementing a state-of-the-art conveyance system directing rainwater to Hillsborough Bay.

This ambitious project offers relief to flood-prone areas like Parkland Estates, but not without disruptions, especially impacting South Howard Avenue and portions of West Swann Avenue.

Why it matters: With renowned establishments such as Bern's Steak House and the Epicurean Hotel in the vicinity, the local business community faces challenges due to the planned road closures.

The SoHo Business Alliance, echoing unanimous business concerns, proposes night and weekend work schedules to minimize disruptions.

The big picture: Described as "generational" by Tampa Mobility Director Vik Bhide, the project promises long-term benefits for the city's infrastructure.

Nevertheless, it does not diminish immediate challenges or public discontent over construction disruptions and accessibility issues for affected businesses.

Between the lines: The tension between infrastructure development and community impact is evident, with local businesses and residents expressing concerns over construction-related disruptions and communication efforts by the city.

The bottom line: Tampa's South Howard Avenue project exemplifies the delicate balance between progress and preservation, emphasizing the importance of a collaborative approach to steer the city toward a more flood-resilient future while addressing the needs of its vibrant community.

🌴 Luxurious 5-Bedroom Bexley Home for $589,900

Nestled on a peaceful street within the vibrant Bexley community in Land O' Lakes, FL, this exceptional 5-bedroom, 3-bathroom home spans 2,615 square feet of elegant living space.

🔑 Highlights:

• 🏡 Open Floor Plan, Vinyl & Granite Countertops

• 🍳 Chef's Kitchen, Stainless Appliances, Great for Entertaining

• 🛌 Owner's Suite, Spa Bath, Soaking Tub, Shower, Dual Vanities

• 🎮 Big Loft, Game Room or Extra Space

• 🐾 Dog Parks, Fenced Backyard

• 🏊 Resort Pools, Splash Zone, Recreational Facilities

• 🏋️ 1,200 Acres, Adventure Trails, Fitness Stations

• 🚴 BMX Track, Sports Fields, Playgrounds

• 🔥 Cafe, Fire Pits, Outdoor Game Room

• 🛍️ "The Hub" & "4 and Co" Co-Working, Shops, Gyms

• 📚 Top Schools, Bexley Elementary, Rushe Middle Nearby

• 🚗 Quick SR 54, I-75 Access, Tampa, Wesley Chapel

Don't miss out on the chance to own this luxurious and elegant home!

Contact us today for more information and to schedule a viewing.

📍 18332 Ramble On Way, Land O Lakes, FL 34638

⛱️ Pasco’s Sunwest Park Approved for $5 Million in Upgrades

Driving the news: Pasco County has approved a $5 million upgrade for Sunwest Park, introducing an array of new facilities including a comprehensive concession center, a sprawling maintenance building, and various recreational enhancements, marking a significant development in the park's ongoing evolution.

Details: Bandes Construction Company Inc. has been tasked with the construction, which will encompass a multifunctional concession center complete with a ticketing area, meeting room, restrooms, a break room, and retail space.

The upgrade also involves a 9,000-square-foot maintenance building to house equipment and vehicles, alongside additional amenities like a kayak stand, improved landscaping, and a pedestrian path.

The project is set to take approximately 275 days to complete.

Why it matters: These upgrades aim to replace temporary structures, fulfilling the original vision for Sunwest Park and enhancing the visitor experience with more convenient and diverse amenities.

The big picture: The park, situated in the county's northwest, is part of a broader initiative to bolster local recreation and tourism, with previous phases including the introduction of a white-sand beach and an inflatable water playground.

What’s next: With construction poised to begin, parts of the park will be temporarily closed, with updates to be provided via social media.

The addition of beach volleyball courts is slated for late March, promising a new venue for competitive and recreational play.

The bottom line: Pasco County's investment in Sunwest Park not only completes its original design but also sets the stage for a more dynamic and inclusive recreational environment, potentially attracting new visitors and fostering community engagement through its expanded offerings.

🌳 How Sellers Can Attract More Buyers in The Spring Market

Driving the news: With the spring season on the horizon, homeowners gearing up to sell their properties should focus on strategic preparations to attract multiple buyers in today's competitive market.

Details: These are some of the areas you should focus on to attract more buyers this spring:

• Eye-catching curb appeal: A well-manicured lawn, freshly planted flowers, and lush landscaping contribute to a memorable first impression, attracting potential buyers.
  

• Home office: Given the prevalence of remote and hybrid work arrangements, a dedicated home office space or a staged area serves as a compelling feature for modern buyers seeking functional workspaces.
  

• Outdoor space for entertaining: With a growing emphasis on outdoor living, a well-designed backyard equipped with amenities like outdoor dining areas, lighting, and recreational features enhances the overall appeal of a property.
  

• Updated kitchen: A sleek and modern kitchen, complete with stainless steel appliances, fresh paint, updated hardware, and luxurious lighting fixtures, elevates the aesthetic and functionality of the home.
  

• Neutral color palette: Opting for neutral paint colors throughout the home creates a versatile canvas for potential buyers, allowing them to envision their own style and décor preferences.
  

• Move-in ready condition: Homes that require minimal maintenance or immediate upgrades appeal to buyers seeking convenience and a hassle-free transition into their new living space.

Why it matters: As interest rates hover around 7%, relying solely on good timing may not be enough to sell your home effectively.

Homeowners need to consider the evolving preferences of buyers and make strategic adjustments to enhance their property's marketability.

The big picture: The modern housing market values features like home offices and outdoor entertaining spaces more than ever before, reflecting shifts in lifestyle and work dynamics post-pandemic.

Between the lines: While addressing outdated features like popcorn ceilings and wood-paneled walls can enhance a property's attractiveness, homeowners should balance renovations with budget and time constraints.

What’s next: Homeowners should prioritize updating key features and enhancing desirable aspects of their properties to align with the evolving preferences of buyers in 2024.

The bottom line: In a competitive housing market, early preparations and strategic upgrades are essential for homeowners looking to sell their properties efficiently and attract multiple offers.

📊 Our Current Local Market Data: 

The Tampa and Pasco markets are staying somewhat competitive as we get closer to the spring months.

Homes in Tampa receive 2 offers on average and sell in around 35 days. The median sale price of a home in Tampa was $414K last month, up 15.0% since last year. The median sale price per square foot in Tampa is $274, up 3.8% since last year.

The median sale price of a home in Pasco County was $350K last month, up .0% since last year. The median sale price per square foot in Pasco County is $197, down 2.0% since last year.

On average, homes in Pasco County sell after 34 days on the market compared to 35 days last year.

I am happy to help you create a real estate strategy that will allow you to navigate the current market.

If you ever have questions, don’t hesitate to ask.

If you’re curious how much your home could sell for now, then reply “What’s my home value” or you can get an estimated value here.

Or if you’re just curious about how the current market affects your situation & what’s going on in your specific neighborhood, just reply & ask.

📰 In Other News:

• USF Health, Tampa Bay Wave accelerator program earns Urban Excellence Award
  

• Greenlane coming soon to St. Pete, Craft river cruise announces debut, and more Tampa Bay food news
  

• Florida’s New ‘It’ City Has an Over-the-top Pirate Festival, Beautiful Parks, and Michelin-starred Dining

That’s all for today, I hope you have an amazing week!

If there’s ever anything you need:

• a custom market or home value report

• a home services list for a reliable contractor or services professional

• feedback or a professional opinion on a home project

Just let me know! We’re here to help with all your home needs.

Talk soon,

- Sean, and the Bello Home Team 

Was this forwarded to you? Sign up here.