Lifestyle

Discover the Exquisite Gem of Tampa Bay: A Majestic Residence Defying Inflation

The most expensive home in the Tampa Bay area exemplifies inflation. The consumer price index released on Tuesday indicates that Tampa’s cost of living is rising quicker than the national average, which is falling.

According to Labor Department statistics, the metropolitan region of Tampa, St. Petersburg, and Clearwater had the highest annual inflation of the cities included in the index, rising 7.3% in the year leading up to May. In May, the U.S. inflation rate fell from 4.9% to 4%.

The Clearwater property came to the market this week asking a hair under $40 мιIIιоn—more than twice what it was asking at the start of the year and four times what it sold for many years ago—showing how much values are soaring in the region.

Listing records indicate the 4.45-acre beachfront estate in Pinellas sold for $9.3 мιIIιоn in December 2020. Since 2021, it has sold for $15.9 мιIIιоn to $39.995 мιIIιоn.

This Clearwater compound is asking almost $40 мιIIιоn

It’s west coast Florida’s priciest offering.

The Clearwater Bay-view property comprises a 23,000-square-foot main home and two guest houses with 19 bedrooms.

According to RE/MAX Action First listing with Kenny Hayslett, the main house contains formal and casual living and eating areas, a library, a home theater, a music studio, a solarium, a trophy room, and a ballroom. The agency did not immediately reply.

Three pools, tennis courts, basketball courts, a carriage house, and boat docks are outside.

MarketWatch expects the Fed to maintain its benchmark U.S. interest rate unchanged after its two-day meeting Tuesday and Wednesday.