Shocking Sticker Price For A 388-Square-Foot Home In Hyde Park

A shocking sticker price for a 388-square-foot home in Hyde Park has just been listed.  This historic home was built in 1910 and is one of the last of it's kind to remain to this day.

Hyde Park is a very popular place to live in the Tampa area and getting a home there is tough.  The average home in Hyde Park is around $2.5M.  This home located right in the heart of the historic area is listed at $379K.  Why?  Because it is super small.  It's the tiniest home in the area.

The Hyde Park home is roughly the size of a spacious storage unit is currently the smallest house on the market in Tampa Bay.

This tiny home is located at 423 S Orleans Ave.,  This 388-square-foot home was built in 1910.  First off, it features are one bedroom and one bathroom and wood flooring throughout.  Secondly, there are 10-foot ceilings,  a front porch, and a living room and kitchen.  Lastly and surprisingly the laundry is indoors.   Most homes in Florida have their washer and dryer in the garage, so that is a big bonus.

The house is one of the last remaining homes of what was once the heart of Dobyville, which was a thriving neighborhood in Tampa during the the 1920s.  Dobyville was eventually demolished because of the construction for the Crosstown Expressway, which is now called the Lee Roy Selmon Expressway.

According to records, the home last sold in 2002 for $108,000. The house is now asking $379,000, which comes out to $977 per square-foot.   Over the last few years, it has mostly been used as a rental.  It rents for $1,390 per month in 2020.

Location is the selling point here.  Hyde Park Village is near tons of shopping, Bayshore Drive, restaurants and perfect distance to anything in Tampa.   The listing agents are Harvey Petty and Elif Fitts of Keller Williams Tampa Central.

There are many people in Florida that are first time home buyers. A new list has come out and a bunch of Florida cities for those buyers. WalletHub has released their annual list of the best and worst cities in the United States for first time home buyers. There are five Florida cities in the Top 10. What's even better than than is that all of the Florida cities are the first five on the list.

The way WalletHub came up with the list is they compared 300 cities of varying sizes across 22 key indicators. Those indicators are of market attractiveness, affordability and quality of life. They say, "Where a home is located is just as important as what features it has. If the neighborhood is unpleasant, it can sour the experience of a great home. Potential buyers may want to narrow their search down to an area with a good reputation before getting into housing details."

It is pretty cool that Florida is a great state for first time home buyers, but what are the worst cities for them? Well, nine of the Top 10 worst cities are in California. Additionally, the only non-California city is Anchorage, Alaska, which is #3. Berkeley, California is the #1 worst city followed by Santa Monica.

Finally, check out the five best Florida cities for first time home buyers below. Yes, they are #1 through #5.

The #1 overall best city for first time home buyers to move to. Palm Bay is located just south of Melbourne on the east coast of Florida.

Located next to Ft. Myers, Cape Coral comes in #2 in Florida and #2 in the United States. It has the #2 overall real estate market.

Yes, first time home buyers love Tampa. Tampa comes in #3 overall. Tampa also ranks #1 overall for quality of life.

Located about an hour north of West Palm Beach on Florida east coast comes in #4 overall. Port St. Lucie is the #1 overall real estate market right now.

Finally, the fifth Florida city and #5 on the list of the best cities for first time home buyers is Orlando.