Memphis
REAL ESTATE
Longboat Key Club home sells for $10.8 million
A five-bedroom home on Longboat Key has sold for $10.8 million. The sale of the nearly 7,000-square-foot home at 80 Lighthouse Point Drive was recorded July 10. Court records show the home was sold by Charles and Mary Kubicki of Cincinnati, Ohio, to Rajesh and Indo Soin of Dayton, Ohio.
Done Deals: St. Pete apartments sell for over $61M, New downtown restaurant and bar prepares for debut, Hilton hotel sells
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel. Have real estate news to share? Send us an email at hello@stpeterising.com. The...
Property tax rates to decline amid soaring values
St. Petersburg property owners now hold $35.26 billion in taxable value. That will ensure a 10.43% increase in ad valorem revenue despite a fourth consecutive rate cut. A historic vote allowing the Tampa Bay Rays and Hines to oversee a $6.7 billion mega-project was not the only item on Thursday’s city council agenda. Mayor Ken Welch’s administration also proposed a 6.45% millage rate – the percentage used to calculate property taxes – in fiscal year 2025.
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