I figured the answer to this question would be a good topic for this very space, so here goes:
Absolutely! And since prices have rolled back to about 2004 levels, you’ve got more options than you would have had in the last few years for sure. If you want to be near Old Hyde Park Village, you have 2 options basically, Hyde Park Walk and Hyde Park Place.
Hyde Park Walk Condos
Set right smack dab in the core of the village, Hyde Park Walk was built in 1996 as apartments (Post), and converted to condominiums in the wild and crazy days of 2005, the height of the conversion-mania. Post Apartment Homes sold the place to some converters who had a very successful sales process, selling out in short order.
The resales popped up quickly, as did the second round of buyers, who pushed prices as high as $228k for an 880sqft 1 bedroom unit, that the converter had sold for $181k.
Fast forward to today: Highest price paid year-to-date for a Hyde Park Walk 1 bedroom unit = $200k. Most recent sale: $135k, for a 552sqft unit that the converter originally sold for $155k. Current prices for Hyde Park Walk 1 beds: $180–$190k, all around 700sqft (mol).
Hyde Park Place Condos
This is an older conversion having converted long before conversion-mania began. Location is about a 1/2 mile from Hyde Park Walk and Old Hyde Park Village, north of Swann Ave. While not set amongst the shops and restaurants of The Village, Hyde Park Place is located in a mix of single family and multi-family zoned properties. The Village, as well as The Bayshore, are both within easy walking distance. Hyde Park Place features a tropically landscaped courtyard with fountain, pool, fitness, covered (mostly), gated, parking garage, with 3 floors of condos, elevator included.
One bedrooms at HPP were selling between $130k and $166.5k in 2004. The sellers’ market of yesteryear pushed prices up to $191k in March of 2006. Hyde Park Place is experiencing a price correction for sure. Three one bed units have sold at HPP year-to-date. Highest price = $162.5k back in January. Current listings for 1 bedroom condos at Hyde Park Place range from $150–$180k.
Both of these condominiums offer residents a great south/central Tampa location close to the activity/entertainment cores of South Tampa, downtown Tampa, Channelside, Ybor City, etc. And both offer 1 bedroom units for under $200k.
Contact me for additional information on either Hyde Park Walk or Hyde Park Place condos.
Read more about condo fees:
Do condos suck?
Data used is from the Mid-Florida Regional MLS, all brokers/agents included. Does not include private, non-brokered sales.
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