Smith & Associates Real Estate Records the Highest Priced Residential Land Sale in Tampa, Florida
Demand and prices continue to rise for waterfront properties located in Hillsborough County. Today, Greg Margliano, Realtor for Smith & Associates Real Estate, sold a $6.626 million vacant lot on Davis Island, which is proximate to downtown Tampa. The vacant lot, located at 84 Adalia Avenue, offers stunning views overlooking Old Hillsborough Bay. This sale marks the highest real estate transaction of the year in Hillsborough County and a record-breaking real estate transaction for the Davis Island neighborhood.
TAMPA, Fla., April 29, 2019 /PRNewswire-PRWeb/ -- Demand and prices continue to rise for waterfront properties located in Hillsborough County. Today, Greg Margliano, Realtor for Smith & Associates Real Estate, sold a $6.626 million vacant lot on Davis Island, which is proximate to downtown Tampa.
The vacant lot, located at 84 Adalia Avenue, offers stunning views overlooking Old Hillsborough Bay. This sale marks the highest real estate transaction of the year in Hillsborough County and a record-breaking real estate transaction for the Davis Island neighborhood.
"Tampa is one of the most attractive markets in Florida and Davis Island offers residents a waterfront lifestyle that is laid back and quiet yet just a bike ride away from all the fun and cultural events happening in downtown Tampa," said Bob Glaser, President, and CEO of Smith & Associates Real Estate.
With 175 feet of bay frontage, the property is one of the few vacant lots on Davis Island. In 2015, this waterfront property sold for $3.4 million.
Smith & Associates Real Estate led the Tampa Bay real estate market in luxury homes sales in 2018 representing 16.5% of all luxury home sales.
Glaser believes that his organization excels in the luxury real estate market because of their market knowledge and dedication to serving their clients' needs. "We have a company filled with seasoned real estate professionals like Greg Margliano, who know the market and are entrenched in the communities they serve. Smith's agents are special, even after serving Tampa for 50 years, we still get excited about making our clients' dreams come true," added Glaser.
About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay's largest independent and locally-owned real estate brokerage, with a commitment to exceptional service, and superior market knowledge. Deeply embedded in the community and comprised of six strategically located offices in the Tampa Bay area, they were chosen to be on the 2017 Real Trends 500 for both Sales Volume and Number of Transactions. For more information on Smith & Associates Real Estate, please visit http://www.smithandassociates.com.
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SOURCE Smith & Associates Real Estate
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