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The Hottest Real Estate Markets in Tampa Bay: Where Homebuyers Should Look

June 17, 2023 | by Sarah Ramsey

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Top Neighborhoods in Tampa Bay

Tampa is a city that offers plenty of opportunities for homebuyers. Whether you’re looking to buy your first house or upgrade to something bigger, there are several neighborhoods worth considering. Here are some of the top areas where people are buying houses in Tampa Bay:

1. Hyde Park – This historic district is known for its beautiful bungalows and tree-lined streets. It’s also close to downtown Tampa, making it an ideal location for those who want easy access to restaurants, bars, and cultural attractions.

2. South Tampa – This affluent area is popular with young professionals and families alike. You’ll find a mix of condos, townhomes, and single-family homes here, many of which offer stunning views of the bay.

3. Seminole Heights – This up-and-coming neighborhood has become increasingly popular in recent years thanks to its charming bungalows, hip restaurants, and thriving arts scene. It’s also within walking distance of several parks and nature trails.

4. Davis Islands – Located just across the bridge from downtown Tampa, Davis Islands is a picturesque community that features waterfront properties and breathtaking views of the bay. It’s also home to several upscale restaurants and shops.

5. New Tampa – This family-friendly community is located on the north side of Tampa and offers a wide range of housing options, including new construction homes and established subdivisions. It’s also near several great schools and parks.

The Best Places to Live Near Downtown Tampa

If you’re thinking about living in downtown Tampa, there are several nearby communities that might be perfect for you. Here are some of the best places to live near downtown Tampa:

1. Channelside – This vibrant neighborhood is located just steps away from the Florida Aquarium, Amalie Arena, and other popular attractions. You’ll find a mix of high-rise apartments and loft-style condos here, as well as several trendy restaurants and bars.

2. Ybor City – Known as “the Cigar Capital of the World,” Ybor City is one of Tampa’s oldest and most unique neighborhoods. You’ll find plenty of history here, along with quaint cafes, boutiques, and nightclubs.

3. Harbour Island – This manmade island is located just across the bridge from downtown Tampa and offers spectacular views of the bay and skyline. It’s also home to several luxury condo buildings and upscale restaurants.

Affordable Housing Options for First-Time Homebuyers

For those who are looking to buy their first house but don’t have a lot of money to spend, there are still several affordable housing options available in Tampa Bay. Here are some of the best choices for first-time homebuyers:

1. Town ‘n Country – This community is located just west of Tampa and offers a wide range of housing options, including starter homes and townhouses. It’s also near several great schools and parks.

2. East Tampa – This historically African American neighborhood is becoming increasingly popular with younger buyers who are drawn to its low prices and proximity to downtown Tampa. You’ll find a mix of bungalows and small homes here, many of which need renovation.

3. Lutz – This family-friendly community is located just northeast of Tampa and offers a wide range of housing options, including large estates and smaller ranch-style homes. It’s also near several great schools and parks.

Waterfront Properties: Where the View is Priceless

If you’re looking for a home with a view, Tampa Bay has plenty of options to choose from. Here are some of the best waterfront properties in the area:

1. Davis Islands – As mentioned earlier, Davis Islands is a picturesque community that features waterfront properties and breathtaking views of the bay. Many of these homes are newly constructed or recently updated, offering modern amenities like gourmet kitchens and spa-like bathrooms.

2. Belleair Beach – Located just north of St. Petersburg, Belleair Beach is a tiny coastal community that features elegant beachfront mansions and luxurious waterfront villas. You’ll find everything from sprawling estate homes to cozy cottages here, all of which offer direct access to the Gulf of Mexico.

3. Treasure Island – Just south of St. Pete Beach, Treasure Island is another popular destination for waterfront property owners. You’ll find a mix of condos, townhomes, and single-family homes here, many of which offer panoramic views of the gulf.

Family Friendly Communities with Great School Districts

If you’re looking to raise a family in Tampa Bay, there are several great school districts to consider. Here are some of the best family friendly communities in the area:

1. Carrollwood – Located just north of downtown Tampa, Carrollwood is a quiet residential community that features large lots, mature trees, and excellent schools. You’ll find a mix of traditional single-family homes and newer constructions here, many of which are designed with families in mind.

2. Westchase – This upscale community is located just southeast of Carrollwood and offers a wide range of housing options, including executive-style homes and luxury townhomes. It’s also near several great schools and parks, making it an ideal choice for families.

3. FishHawk Ranch – Situated in eastern Hillsborough County, FishHawk Ranch is a master-planned community that offers a wide range of housing options, including custom-built homes and move-in ready townhomes. It’s also near several great schools and parks, making it an attractive option for families.

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