Ho Ho— Happy Wednesday!

With Christmas just around the corner, we’re bringing you some early gifts in the form of this week’s biggest news.

Clearwater Beach is setting a new standard for Gulf Coast living with a $12M luxury condo project. Meanwhile, the Tampa International Airport has more updates on its massive renovation, featuring a two-story, 600,000+ sqft facility!

We’re also taking a look at how younger homeowners aged 30-49 will dominate the 2025 housing market.

Consider these your holiday headlines—no wrapping paper needed.

Merry Christmas, and happy reading!

—Sean

💎 A First Look at Clearwater’s Exclusive $12M Condos

Driving the news: Clearwater Beach will soon welcome a new luxury condominium, Viceroy Residences, marking the arrival of a globally recognized brand to the Gulf Coast.

Developed by BH3 Management and U.S. Development, the project includes 86 high-end condos spread across two nine-story buildings at 551 Gulf Blvd.

Details:

• Amenities: Residents will enjoy resort-style living with a pool, restaurant, valet service, and private beach access.
  

• Construction Timeline: Sales start in early 2025, with construction expected to begin later that year and completion in late 2027.
  

• Pricing: Units will be priced between $2.5 million and $12 million.
  

• Safety Features: The buildings will stand nearly 19 feet above sea level and include hurricane-resistant windows designed to withstand winds up to 165 mph.

Why it matters: The development signals a boost to Clearwater Beach’s real estate profile, offering potential residents a unique combination of luxury and resilience.

With no significant waterfront projects completed in over 15 years, Viceroy Residences aims to attract buyers seeking exclusivity and prime Gulf-front living.

The big picture: The developers, leveraging decades of experience, plan to redefine coastal living with this project.

In addition to high-quality construction, the development contributes to Clearwater Beach’s appeal as a desirable destination for both domestic and international investors.

What’s next: Construction plans include the addition of a 270-foot-wide secluded beach, flanked by protective jetties, to enhance waterfront enjoyment and minimize erosion risks.

As sales launch in January 2025, interested buyers are encouraged to secure their spot early.

The bottom line: With its focus on luxury, safety, and scenic appeal, Viceroy Residences Clearwater Beach represents a milestone for the region, combining sophisticated design with the charm of the Gulf Coast.

🏡 2-Bed LAKEFRONT Home Near WEEKI WACHEE for $139,000!

2 Beds | 1 Bath | 658 sqft

Enjoy peaceful lakefront living on a fenced, tree-lined .36-acre lot. This cozy home features inside laundry, updated plumbing, and a brand-new water heater. The roof is just 5 years old for added peace of mind.

Step outside to a spacious 18x21 carport-covered patio and a 12x12 storage shed, perfect for extra storage or hobbies. With a little updating, this home has incredible potential as a tranquil retreat or a profitable Airbnb.

Located just minutes from the famous Weeki Wachee Springs and other local attractions.

📍 9727 Lake Dr, Weeki Wachee, FL 34613

✈️ TPA Gears Up for 2037 with Its Largest Airside Yet

Driving the news: Tampa International Airport (TPA) marked a major milestone with the groundbreaking for Airside D, the final phase of its master plan.

This expansion will significantly boost the airport's capacity, enabling it to serve up to 35 million passengers annually by 2037—an increase from the current 25 million.

Details: The two-story, 600,000+ square-foot facility will be Tampa International Airport’s largest airside, designed to support both domestic and international flights. Its efficient orthogonal layout maximizes operational space, while two airline lounges provide scenic views of the airfield and bay.

The first floor will house an International Passenger Arrival Processing Area, complemented by a central shopping and dining hub offering 360-degree views of the gates.

The design prioritizes natural light and intuitive wayfinding to enhance the overall traveler experience.

Why it matters: The project addresses a pressing need for updated infrastructure to accommodate growing passenger traffic.

Currently, international arrivals rely on facilities at Airside F, which are at capacity and require modernization. With this addition, TPA will better serve the Tampa Bay community and support regional growth.

The big picture: Tampa International Airport has been recognized as one of the nation’s most user-friendly airports, and Airside D will strengthen that reputation by providing a more efficient and pleasant travel experience.

What’s next: Construction is scheduled to be completed in 2028. Once operational, Airside D will not only enhance capacity but also further establish TPA as a gateway for travelers worldwide.

The bottom line: This expansion is a win for Tampa Bay, boosting tourism and business opportunities while preparing the region for a brighter future in global connectivity.

🌱 The Younger Generation’s Impact on the 2025 Housing Market

Driving the news: A new survey from Bright MLS reveals a surprising shift in the housing market: younger homeowners, aged 30-49, are expected to dominate home sales in 2025.

This group represents nearly one-third of all anticipated sellers, while homeowners aged 60 and older show minimal interest in moving.

Details:

• Age Breakdown: 26.8% of homeowners aged 30-39 and 28% of those aged 40-49 plan to sell, compared to only 12.1% of homeowners aged 60 and older.
  

• Homeownership Tenure: Nearly one-third of younger sellers have owned their homes for less than five years, highlighting rapid equity gains from pandemic-era purchases.
  

• Reasons for Selling:

  • Ages 30-39: Job changes (36.7%) and family growth (34.4%) top the list.

  • Ages 40-49: Family-related needs dominate (43.8%), followed by job changes (25.8%).

  • Ages 60+: Downsizing is the primary reason, though most Boomers are staying put.

Why it matters: This trend indicates a shift in market dynamics, with younger homeowners leveraging equity gains to upgrade or relocate despite higher interest rates.

For local real estate markets, this could mean more inventory and opportunities to attract motivated buyers, especially those looking for homes with modern upgrades or favorable locations.

The big picture: The survey suggests that life events—marriage, children, career moves—remain the biggest drivers of real estate decisions.

Unlike previous generations, younger homeowners are taking advantage of rapid equity growth and favorable pandemic-era mortgage rates to shape their housing journeys.

What’s next: Expect marketing efforts to focus heavily on younger homeowners, with real estate professionals tailoring their outreach to reflect this demographic’s motivations and needs.

Sellers in their 30s and 40s may also benefit from financial planning services to navigate equity and tax considerations.

The bottom line: As 2025 approaches, the housing market will likely see a fresh wave of activity driven by younger, equity-rich homeowners.

Understanding their motivations can help industry professionals better serve this key group, unlocking opportunities for growth and community development.

📊 Our Current Local Market Data:

As we near the end of the year, the real estate markets in Land O' Lakes, Lutz, Odessa, Tampa, and Wesley Chapel continue to offer opportunities for both buyers and sellers.

If you're planning to sell, having a clear and effective strategy is essential to stand out in the current market. For buyers, this could be a good time to secure a property before competition potentially increases.

Feel free to reach out if you’d like help navigating the market or creating a plan that works for you.

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:

• Tampa Bay Rays stadium: Pinellas commissioners approve funding for county's portion of deal

• USDA to provide more than $815M to Pasco County energy facility

• 17 Christmas light displays to see in the Tampa Bay area

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

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