Beach Scene ~ June 2017

Page 1

June 2017 | Volume 4, Issue 5

Beach Scene BS

Your News & Entertainment Source, Serving the Beaches of Pinellas County

After harrowing ordeal, Cheeto goes home

8

New bridge

Mooring field gets huge downsizing

9

for Pinellas Bayway Treasure Island gets fresh with Captain Bill’s

has Tierra Verde jumping for joy

17

Page 7

CALL BRIAN PELFREY, 727-871-0871 CLEARWATER BEACH OFFICE: 790 S. Gulfview Blvd. Clearwater Beach, FL 33767 727-443-0032

SAND KEY OFFICE: 1261 Gulf Blvd. • Suites 116 & 119 Clearwater Beach, FL 33767 727-595-1010

The Name You Know. The People You Trust.

www.sandkey.com


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Turn your backyard into paradise with Caribbean Pools & Spas!

Editor and Publisher Adam McLean

Good news for Tierra Verde: New bridge on the way

Cover Story

7

Operations Manager Alison McCormick Art Director Michelle Osment Writers Jason Coffman Scott Lancaster Seth Young Beth Ludwig Mark Spaulding Distribution Andrew Fairley Richard Powers Luis Martin Leon Mark Conway Lani Schneider

Inside News............................................7-9 Be Scene......................................10 Real Estate...................................13 Food & Drink..........................16-21 Dining Feature.............................17 Best Happy Hours........................18 Best Waterfront Dining................21 Home Improvement...............22-25 Classifieds ...................................26 Service Directory..........................27

Specializing in waterfront homes! • New Pool & Spa Construction • Full Remodeling • Pool Resurfacing • Spa, Bench & SunShelf Additions • Pool & Landscape LED Lighting

Dining Feature 17

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727.753.8893 www.caribbeanpoolspa.net www.facebook.com/Caribbeanpoolsfl

Beach Scene is a monthly newspaper distributed to the barrier islands of Pinellas County, including Clearwater Beach, Belleair Beach, Belleair Shore, Indian Rocks Beach, Indian Shores, North Redington Beach, Redington Beach, Redington Shores, Madeira Beach, Treasure Island, St. Pete Beach, and Tierra Verde. Editorial content of Beach Scene is the opinion of each writer and is not necessarily the opinion of Beach Scene, its staff, or its advertisers. Beach Scene does not knowingly accept false or misleading advertising or editorial content, nor do the publisher or editors of Beach Scene assume responsibility should such advertising or editorial appear. No content, for example, articles, graphics, designs and information, in this publication may be reproduced in any manner without written permission from the publisher. Any letters to the Editor may be edited for clarity, space and grammatical considerations. All rights reserved. For advertising information, please call (727) 400-6209, or email: info@mcleanmedia.net For letters to the editor, please email info@mcleanmedia.net or mail your submissions to the address below: Beach Scene newspaper is a publication of McLean Media, LLC

Captain Bill’s Beach Kitchen: Making Seafood Great Again

McLean Media PO Box 44 Indian Rocks Beach, FL 33785 (727) 400-6209


LIVE MUSIC is back!

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Caddy’s on the Beach 9000 W. Gulf Blvd. Treasure Island 727-360-4993 Open 7 Days A Week: 8am-11pm


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HOME WATCH SERVICES FOR RESIDENTIAL OR SEASONAL HOMES

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COVER

New bridge

for Pinellas Bayway has Tierra Verde jumping for joy

By Daniel Holloway

With the Florida Department of Transportation calling the state of disrepair to a portion of the Pinellas Bayway critical, plans are underway to build a new fixed-span bridge.

A

fter major structural and safety problems, including cracks and fissures, were identified on the part of the Pinellas Bayway that leads directly to Tierra Verde, FDOT officials recently began firming up plans to begin the construction of a replacement for the aging drawbridge, taking into consideration feedback from community leaders. FDOT plans to replace the current drawbridge with a higher, two-lane fixed-span bridge. They also plan to incorporate a roundabout that will lead to the bridge on the Tierra Verde side of the span instead of a traffic light.

This turn of events is good news to many Tierra Verde residents and business owners, who have long decried the inconvenience and traffic snarls caused by the bridge’s frequent openings throughout the day. The new bridge, which will connect the islands of Isla del Sol and Tierra Verde, will also feature a 12-foot wide multi-use path on one side and a pedestrian sidewalk on the other. The current roadway will remain open until the completion of construction. The overall scope of the project will extend from just north of Yacht Club Lane on State Road 679 until its inter-

section with State Road 682. It will also involve replacing a seawall and repaving the current road. FDOT expects to begin the three-year project sometime in the summer of 2018.

Map images courtesy FDOT


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news

In Brief

Belleair Shore wants Belleair Beach to shell out for accesses By Beth Ludwig

A

t a recent meeting of the Belleair Shore Town Commission, talk about the maintenance of the town’s three beach accesses became the topic of discussion. As a Gulffront community, residents of Belleair Shore themselves seldom have any need to use the beach accesses located at Sixth, 12th and 19th streets. The accesses are primarily used by Belleair Beach residents, who must have a permit to park there, or may walk across Gulf Boulevard to enjoy the beach. As such, the city of Belleair Beach has an agreement with the Town of Belleair Shore to provide and pay for maintenance of the accesses as a benefit for its residents. However, officials in Belleair Shore have claimed that the general maintenance provided by Belleair Beach has

been minimal at best. Some upgrades that are reportedly needed include landCourtesy City of Belleair Beach

scaping, repainting of the access walls, repairs to the stucco on the gates, which were installed last year by Belleair Shore, and repaving of the parking lots. Town commissioners proposed taking a look at the agreement the town has with Belleair Beach to ascertain exactly what Belleair Beach is responsible for maintaning. Meanwhile, Belleair Beach officials stressed that they want to do their part to keep the accesses looking good for the community.

Cheeto released back into the wild NDIAN SHORES - The world was captivated by the tiny orange lined seahorse that became known as Cheeto, but now Cheeto has gone back home. Cheeto was recently discovered on the beach in Indian Shores after a seagull scooped her out of the water, only to drop her on the sand. A little girl and her mother discovered Cheeto and called Clearwater Marine Aquarium for help. According to the aquarium, “It’s

Courtesy Clearwater Marine Aquarium

By Seth Young more common to find seahorses near the surface of the water during the springtime. Cheeto was most likely living among some orange and red sponges before currents took her near the beach.” Staff at the aquarium brought Cheeto back to good health before releasing her back into the wild last month. Treasure Island OKs new townhouses TREASURE ISLAND - The city of Treasure Island will soon be seeing 11 new townhouses on First Street East after commissioners passed two ordinances that will pave the way for Aqualina and Aquavita. The Aqualina project will feature six townhouse units that will be built by developer Suth Homes at 11715 and 11725 First Street East. Each unit will boast over 2,500 square feet of living space. Aquavita, located at 18001 First Street East, will feature five units, also owned by Suth Homes.

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news

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Clearwater Beach mooring field gets major downsizing By Beth Ludwig

A

proposal by a local developer to build a mooring field for 42 boats in the middle of Clearwater Beach’s Mandalay Channel has been drastically downsized to four boats, but city officials are still vowing to fight. William Blackwood, owner of the waterfront Cove apartments in Clearwater Beach, received a permit last June from the Florida Department of Environmental Protection to move forward with the process of getting approval for his plan for the mooring field. His original proposal would have allowed for up to 42 boats, up to 60 feet long, to moor in the middle of the Intracoastal Waterway, above the 26 acres of submerged land owned by Blackwood. After heated objections from residents, Blackwood’s new plan calls for a mooring field for four boats, now utilizing eight of the 26 acres. Area residents along the waterfront have voiced concerns over congestion and pollution, as well as safety issues, for example, if boats are are not properly lit at night, although some do grudg-

In Brief Indian Shores named one of the safest places to live INDIAN SHORES - In a recently released ranking of the 2017 Safest Suburbs in Florida by Niche.com, Indian Shores came in at a solid number three, behind only the exclusive enclaves of South Palm Beach and Orlando’s Windermere. Niche compiled data, like local crime rates, schools and visitor reviews, to come up with their list. Other area

ingly agree that the channel is wide enough that navigation would not be too much of an issue, especially since the channel is a no-wake zone. The U.S. Army Corps of Engineers recently approved this smaller version of the mooring field, paving the way for Blackwood to move forward with the project. However, Blackwood will still need to get approval from Pinellas County and the city of Clearwater, which seems unlikely at this point. At the very least, Blackwood would have to convert the docking facilities at the Cove apartments into a proper marina in order to accomodate the mooring field customers, and he would need approval from the city’s Community Development Board to do this. The necessary approval from the city commission is further complicated by the fact that mooring fields are not addressed anywhere within Clearwater’s city codes. The proposed site for the mooring field lies between North Clearwater Beach to the west and Island Estates to the east, both waterfront residential areas.

By Seth Young communities on the list included Belleair Bluffs (number 6), Redington Beach (7) and North Redington Beach (15). Death threats for embattled Madeira Beach city manager MADEIRA BEACH - After months of non-stop turmoil in Madeira Beach, the nastiness found a new low when the currently suspended City Manager Shane Crawford said he recently received nine death threats in calls made to his cell phone. Crawford said the calls included death threats made to him, his wife, former City Clerk Cheryl McGrady Crawford, and her children. The Pinellas County Sheriff’s Office is investigating the phone calls.


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Y O U R C L E A R W AT E R B I K E S H O P !

entertainment

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EVERY FRIDAY Pickleball Meetup 8:00 a.m. Info: madbeachfun.com EVERY FRIDAY & SATURDAY Sunset Cinema Movies begin at dusk. Pier 60, Clearwater Beach Info: sunsetsatpier60.com EVERY SATURDAY Pass-A-Grille Art Mart 9am - 2pm On the patio, across the street from the Hurricane restaurant. Info: 727-367-3818, suntanart.org Guided Nature Walk Fort DeSoto Info: (727) 582-2267, select option # 8, pinellascounty.org/park JUNE 16 Madeira Beach Sunset 5K Series Other dates: July 7 & August 4 John's Pass Park shelter 12901 Gulf Blvd, Madeira Beach Info: www.madbeachfun.com Dive-In Movies: Jungle Book 8 p.m. St. Pete Beach Aquatic Complex Cost: $5 Info: spbrec.com JUNE 17 Mad Beach Beer Fest R.O.C. Park, Madeira Beach Info: madbeachbeerfest.com JUNE 30 Dive-In Movies: Lego Batman 8 p.m. St. Pete Beach Aquatic Complex Cost: $5 Info: spbrec.com


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Need help? Turn to these ADAM JOFI DREAM TEAM members: AIR CONDITIONING • Len’s Air Conditioning 727-223-6372

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CEILINGS/DRYWALL • Popcorn Ceiling Repair 727-785-7382

GARAGE DOORS • Area Wide Garage Door 727-599-8843

PLUMBING • Mark-Ed Plumbing 727-546-7189

TREE SERVICES • Ernst & Sons Tree Service 727-623-5954

• Bay to Bay Drywall 727-709-2019

LANDSCAPING • Terry’s Landscaping 727-585-5390

• Largo Plumbing 727-596-0525

• Sustainable Tree Care 727-455-1446

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realestate

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The Roe Report By Cliff Roe Broker/Owner Roe Realty

T

he usual subject is why to buy real estate, but this month, I want to discuss why you want to live in Pinellas County. In the summer, the waters of the Gulf and Tampa Bay hold down our temperature making this a much more desirable place to live than the inland areas. In the winter, frost and freeze warnings don't include us, unless they extend below Sarasota County. Again, it's because we are located between the warm waters of the Gulf and Tampa Bay. Bugs are a problem in any climate that doesn't have a freeze to kill off a large percentage of the population. Pinellas is only twelve miles wide. The winds constantly shift back and forth, leaving much of our bug population stranded over open water. I'm told there was a hurricane that came up Tampa Bay back in 1912. I

from east to west and dries up over the center of Pinellas County. When we do get a heavy rain, it tends to form over the Gulf and travel west to east. ur Gulf waters are emerald green because we don't have fresh water runoffs. When you travel the state, you notice the Atlantic is dark. This is because of the freshwater rivers and streams that carry silt to the ocean. In addition to the temperature, weather, and beauty of the area, we are close to most of the major attractions in FLorida. Disney, Universal, and Busch Gardens are favorites, with Lego Land getting better known all the time. We have theaters of all sizes featuring everything from Broadway shows to local artists. We have internationally famous art galleries. We offer the opera and theater. Ringling

don't remember it, but I do know if you look at a Florida map, it shows Ft. Myers sticking way out in the Gulf. For a hurricane to give us a direct hit, it would have to swing out into the Gulf and take a sharp angle to swing back in our direction. If you watch the weather map, you see south of St Petersburg getting hit with heavy rains and north of Clearwater. Most of our rain comes

Brothers museum is just down the road in Sarasota. We have excellent dining and our highway system allows for better traffic flow than most other highly developed areas.

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n summary, what's not to like? Oh, and my real estate pitch: If you want to live here or sell your home, please consider Roe Realty.

For more information, please contact Cliff Roe at 727-223-2172 or Cliff@Roe-Realty.com. www.Roe-Realty.com


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food & drink MONDAYS AT GROUPERS

&

BBQ

BREW

NOW OPEN FOR LUNCH EVERY WEEKEND

Open Monday-Friday at 5pm Saturday & Sunday at 12pm

INDIAN ROCK BEACH

IRB’S NEWEST SEAFOOD SHACK STEAMED SHRIMP • CRAB LEGS GROUPER TACOS • GROUPER GUMBO GROUPER SANDWICH • MUSSELS

$

1.75

Domestic Drafts

EVERY DAY

1401 Gulf. Blvd. • Indian Rocks Beach 727-266-4276 • www.groupersirb.com


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diningfeature Captain Bill’s Beach Kitchen: Making Seafood Great Again

I

f there is one thing the Loder family knows how to do, and do extremely well, is operate and run a restaurant. OK, so operate and run may be the same damn thing. After eating dinner last night at the new Captain Bill's Beach Kitchen in Treasure Island, I have an overwhelming amount of passion to share my experience with you, because truthfully, it was that damn good. Hey, what's with the swearing? Seriously, folks, before I get down and dirty into how good the food was at Captain Bill's, I think it is only fair to share with you the history of the Captain Bill's--Crabby Bill's--Loder Clan. In 1975, the Loder family opened Captain Bill's Beach Kitchen in Redington Shores, which grew into three restaurants, which the family later sold. After selling the Captain Bill's name and location in 1982, the Loders needed to come up a new name for the family business. Crabby Bill's was born and history was made. And now, more than 40 years later, John Loder, the son of Crabby Bill Loder himself, and Debra Faust had the opportunity to open a restaurant in the Treasure Island location, and the

good fortune to open under the original name of Captain Bill's Beach Kitchen. Their strategy for success is simple. "If we can't buy fresh fish, we don't sell it. You might come in and we might be out of a certain fish and that's because we couldn't buy it fresh," said Loder. From being in the area for over 42 years, Loder said they have great connections with all the fishing boats and captains. "Locals, locals, locals. It's very important to take care of the locals. The locals feed us year round, is what my father told us," said Loder. As rich in tradition is the Loder name, so, too, is their success and ability t o

Captain Bill’s Beach Kitchen 145 107th Ave. Treasure Island 727-317-3940 serve amazing seafood. On the night I visited Captain Bill's, I ordered the chargrilled oysters, which, OMG, are to die for. I know I say that a lot, but I only say it when I mean it. You have to order them. Chargrilled with cheese on top. Oh my gosh. I asked Brandy for a menu recommendation, which, by the way, you have to ask for her because she was superb and knows her business. She recommended all the fish, so I went with the amberjack, kingfish and grouper. Listen, people, I don't stroke a restaurant unless they deserve it. If I go to a joint and it does not live up to my expectations, I simply do not do a dining feature on them, because I do

not want to lose my journalistic integrity. Yes, that's very important. Going back to the fish, it was so incredibly fresh and out-of-this-world delicious. On a side note, I do not know what in the world the Loders do to create this Old Florida ambiance and charm in their restaurants, but they've got it down to a science. Captain Bill's was simply awesome but for those of you, which is a ton, who know their history, why should we be surprised? The only regret I have is that I didn't order the crab cakes. I was told they are amazing. After I had already eaten, of course. Damn it! Captain Bill’s Beach Kitchen also offers pasta, steak and chicken dishes, as well as sandwiches and burgers, for the landlubbers among us.


18 I June, 2017 I News I Entertainment I Food & Drink I Home Improvement I I Real Estate I Classifieds

food&drink 25

best happy hours on the beach clearwater beach Cooters Restaurant & Bar 423 Poinsettia Ave., 727-462-2668 3-6pm, 7 Days A Week $1.50 Bud, Bud Lite & Miller Lite Drafts $3.00 House Wines/Wells 65¢ wings and shrimp, 79¢ oysters

HOURS:

Tues-Thurs. 11-9 Fri & Sat. 11-10 Sun. 12-9 Closed Mondays

Jimmy's Fish House 521 S. Gulfview Blvd., 727-446-9720 3-7pm, $2.50 Drafts, $3.50 Wells $3.50 House Wines

indian rocks beach J.D.'s Restaurant & Lounge 125 Gulf Blvd. (727) 595-1320 8am-6pm Every Day $1 - Miller Lite and Budweiser Drafts $2.50 Well Drinks & Domestic Bottles $3 House Wines/Bloody Marys Crabby Bills 401 Gulf Blvd. (727) 595-0041 8:00 am to 6pm $1.75 Wells, $3.50 House Wines $1.50 House Drafts Groupers 1401 Gulf Blvd. 727-266-4276 $1.75 Domestic Drafts & $3 Wine, ALL DAY, EVERY DAY

indian shores The Pub 20025 Gulf Blvd (727) 595-3172 11am - 6pm, Monday - Friday $2.50 Domestic Drafts $2.75 Domestic Bottles $3.50 Well Drinks $4 House Wines

madeira beach Mad Beach Fish House 13205 Gulf Blvd., (727) 398-4103 Monday though Friday, 11am to 7pm $2.50 House Wines $2.50 Domestic Draft Beers $2.50 Well Drinks

st pete beach Crab Daddy's 678 75th Avenue (727) 800-5081 Monday-Friday, 11 a.m. - 6:30 p.m. $2 Domestic Drafts, $2.50 Domestic Bottles, $3 House Wine, Discounted Drink Specials Sea Hags Bar and Grill 9555 Blind Pass Rd., (727) 360-2800 11am to 6pm $2.50 Wells, $2 Domestic Drafts $4 House Wines 360 Rooftop at Hotel Zamora 3701 Gulf Blvd., (727) 456-8900 Monday–Friday, 4pm to 6pm $3 select wine, well spirits and domestic beer

tierra verde Boardwalk Restaurant 5901 Sun Blvd. (727) 867-8000 Monday - Friday, 3-6pm $2 Well Drinks $2 Domestic Drafts $3 House Wines

the redingtons Seabreeze Island Grill 17855 Gulf Blvd., (727) 498-8688 11am till 6pm $3.50 House Wine $2 Miller Lite and Yengling Drafts $5 Rum Runners, $5 Martinis $3 Margaritas on the Rocks $2 House Liquors Buy one, get one free premium and topshelf liquors

Billy’s Stone Crab 1 Collany Road 727-866-2115 Monday-Friday & Sunday, Open-7:00 p.m. $2.80 Well Drinks & Domestic Bottles


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JIMMY GUANA’S WEDNESDAY

401 2nd St. • (727) 595-8356 jimmyguanas.com

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399 Second St. • Indian Rocks Beach • www.splashharbourwaterpark.com

NOW OPEN FOR LUNCH EVERY WEEKEND

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Open Monday-Friday at 5pm • Saturday & Sunday at 12pm


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Off The Hook Beach Bistro

$

5 OFF 00

any purchase of $30 or more.

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is off the charts 14601 Gulf Blvd. • Madeira Beach

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10 OFF %

entire check Expires 6/30/17.

Unique beers & fine wines, plus a range of appetizers and lava rock-cooked dining selections 524 Mandalay Ave. Clearwater Beach 727-239-0833 www.corknbrew.com


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food&drink

best waterfront drinking & dining If you are visiting our beaches or are lucky enough to be a beach local, we all face the same dilemma: where to eat? Have no fear, my feisty and finicky diners. We have selected the restaurants we feel are some of the best waterfront places to go for tasty food, an ice-cold adult beverage or just a cool place for some vittles. clearwater beach

indian shores

Jimmy's Crow's Nest 101 Coronado Drive (727) 683-0002

The Pub 20025 Gulf Blvd (727) 595-3172

Jimmy's Fish House 521 S. Gulfview Blvd (727) 446-9720

the redingtons SeaBreeze Island Grill 17855 Gulf Blvd (727) 498-8688

Sands Beach Bar & Grill located at DreamView Resort 691 Gulfview Blvd SeaBreeze Island Grill (727) 443-7652 Tate Island Grill and Bar (Casual) Caretta on the Gulf (Fine Dining) Located at The Sand Pearl Resort 500 Mandalay Ave (727) 441-2425 The Bait House Tavern 45 Causeway Blvd (727) 446-8134

indian rocks beach J.D.'s Restaurant & Lounge 125 Gulf Blvd (727) 595-1320 Jimmy Guana's inside the Holiday Inn Harbourside 401 2nd Street (727) 595-8356

JD’s Restaurant

Wahoo's 17801 Gulf Blvd (727) 393-5525

madeira beach Mad Beach Fish House 13205 Gulf Blvd. (727) 398-4103

st. pete beach Sea Hags Bar and Grill 9555 Blind Pass Road (727) 360-2800 Crab Daddy's 678 75th Avenue (727) 800-5081 Shark Tales 677 75th Avenue (727) 360-7100

tierra verde Boardwalk Restaurant 5901 Sun Blvd. (727) 867-8000

CHECK OUT WATERFRONT RESTAURANT 11am-6pm OUR $2.50 wells, house NEW wines & domestic drafts MENU!

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FREE DRINK Well, House Wine or Domestic Draft with food purchase. Limit one per person/visit. Exp. 6/30/17


22 I June, 2017 I News I Entertainment I Food & Drink I Home Improvement I I Real Estate I Classifieds

WE SELL AND REPAIR ALL TYPES OF DOORS & WINDOWS

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News I Entertainment I Food & Drink I Home Improvement I Real Estate I Classifieds I June, 2017 I 23

ALVAREZ HOME REPAIRS

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24 I June, 2017 I News I Entertainment I Food & Drink I Home Improvement I I Real Estate I Classifieds

Lowest price on Simonton & PGT windows

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News I Entertainment I Food & Drink I Home Improvement I Real Estate I Classifieds I June, 2017 I 25

What’s Old is New Again...

After 40 years perfecting his craft as a custom painter for high-end homes, the founder of Dennis White Painting has now partnered with two men to bring something very special to those fortunate few. "A year ago, I partnered with Caleb Gasway to continue to build on our reputation of serving the customers who have very high expectations and allow us to meet them. We have professional painters who work for us.They are fabulous, very conscientious in what they do. We have brought our business to a whole other level," said Dennis White. White, who had done work at the Belleview Biltmore Hotel and numerous upscale homes in Belleair, was then given an opportunity to purchase some of the remaining heart pine wood that was originally used to build the Biltmore in the late 1800s.

"We partnered with David Coster, who is a professional wood worker. He and I have been working together for over 30 years. The guy is just an absolute professional. David and I are now working together to build tabletops and bases together with the reclaimed wood from the Belleview Biltmore. Everything is hand-

made, custom made to order for each customer.The customer can tell us how they would like it designed, and they can also personally pick the wood from the Biltmore that they want us to use for their table," said White. Knowing the history of the Belleview Biltmore Hotel and its rich tradition, Dennis and his partners knew that the remaining parts of the Biltmore, the wood, had to be treated as respectfully as the Biltmore itself. "Being able to take the original wood from the Biltmore and turn it into a custom-made table for a customer is truly a love of labor for us," said White. With wood lengths of up to 20 feet long and a minimum weight of 400 pounds,White said they can turn the Biltmore wood into sofa tables, coffee tables, dining room tables, conference tables and anything else the customer can envision. Operating on a first-come, first-served basis, White says the turnaround time is anywhere between six to eight weeks, so he stressed not to wait too long if interested. After all, once this special wood is gone, it's gone. For more information, call Dennis White at 727-481-6436.


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News I Entertainment I Food & Drink I Home Improvement I Real Estate I Classifieds I June, 2017 I 27

servicedirectory A/C | AIR QUALITY | CARPET CLEANING | CEILINGS | CLEANING SERVICES | COMPUTERS CONSTRUCTION | PAINTING | PLUMBING | PRESSURE WASHING | TREE SERVICES Want to place a service directory ad? Call 727-400-6209 or email info@mcleanmedia.net. CEILINGS / DRYWALL

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MAKE THE

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REDINGTON SHORES YACHT AND TENNIS CLUB 3 bedroom, 3 bathroom top floor condo located in Redington Shores Yacht and Tennis Club. Gorgeous views of the Intracoastal Waterway and the Gulf of Mexico. Offered at $659,900.

The Roe Report: Real estate prices are on the rise with no end in sight Historically, people have moved every five years. Today, they are moving every eight and a half years. The longer people stay put, the fewer used homes are available for sale. This translates to a 37.5% reduction in used homes on the market. New home construction is running at 821,000 units per year, or about half of what it was during the peak in 2007. The lack of new construction is adding to an inventory shortage. Overall, the supply of homes for sale is down by 60%. In 2005, the term half-back was being used to describe retirees who moved to Florida and then moved halfway back. Florida's population dropped to 17.5 million. We are at 23.5 million residents today. Population growth over the past 12 years requires 35% more homes just to house new residents. Florida is currently growing by 1,000 people per day. Millennials (aged 18-34) are buying and moving out of Mom's house. Millennials are the largest of the population groups defined by our government. For the first time in 6 years, more houses are being bought to live in than to rent and this group is the primary reason. During the last quarter, the percent

of home buyers from this demographic grew by 50%. Demand is up. Supply and demand translates into higher prices. Over half our listings receive two or three offers and it's not unusual for a single property to receive over 20 offers. The number of offers is in direct proportion to the inventory level of houses for sale. Mortgage rates are creeping higher. Last year rates dropped close to 3.5% but are forecasted to reach 5% in the next 12 months. When you have locked in a low rate, you are less likely to trade up in price or take a transfer to a new location due to the increase in housing cost. It is much cheaper to stay put and improve your current home and that is the decision more and more homeowners are making. A large percentage of what were historically referred to as trade-up buyers keep the old house and its low interest rate to become landlords. This further reduces inventory. There are many other reasons for higher prices. People live longer. The percentage of unemployed is down. The total number of workers employed is up, putting pressure on wages, allowing more people to entertain

REBEKAH Z. MOOREHEAD AND CLIFF ROE

buying a house. Rising prices have moved many people out of an upside down position on their mortgages. The number of REO bank foreclosures) being sold is down to 80 a month. This is a approximately 7% of the volume 7-8 years ago. The U.S. dollar is at historic highs against foreign currency. While this may sound strange as a reason for foreign buying at first, it really makes a lot of sense. For our dollar to be stronger, theirs has to be losing value. If you buy gold as a hedge on inflation, you earn no interest. If you buy real estate as a hedge against inflation, you can rent it and earn money on your asset. The U.S. real estate market has always been a safe haven for third world countries, but is now attracting business from Asia and Europe in greater numbers. I offer a free evaluation for anyone interested in selling. If you are considering selling, I would appreciate the opportunity to discuss my marketing plan. Call today. Sincerely,

Cliff

www.Roe-Realty.com 727-223-2172 Over 1650 homes sold since 2010!


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