The Surprising Reason Real Estate Investors Are Flocking to This Risky Florida City

Prospective Tampa investors need to take into account the hazards of the subtropical climate, says Waters.

All that aside, Tampa-St. Petersburg-Clearwater’s top-ranked white sand beaches, sports teams that confer major bragging rights and a diverse economy with a rising tech profile.

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Waters described five neighborhoods that offer great possibilities for real estate investing in Tampa.

1. South Tampa

Home to MacDill Air Force Base, the mostly residential neighborhood of South Tampa is “super hot,” says Waters. “Homes are very in-demand here, very sought-after.

It’s a very high-end neighborhood, and it’s very tough to find good deals. Many parts of South Tampa have a lot of street parking, so there are cars everywhere.

2. Hyde Park

Dubbed “chic and modern” by CultureTrip, Hyde Park is nicknamed SoHo for its position south of Howard Avenue.

Among other attractions, it’s home to one of the nation’s oldest movie houses, the 1920s-era Tampa Theatre Bayshore Boulevard, where you can spot dolphins and manatees.

3. Channel District

The pedestrian-friendly Channel District is host to Amalie Arena, home to the Tampa Bay Lightning ice hockey team, which won back-to-back Stanley Cups.

Here, you’ll also find Water Street Tampa, a multi-use development that has drawn investment by none other than Bill Gates. And James Beard Award-winning chef Art Smith.


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