131 Forest Hills DriveNew Construction Home in Redington Shores, FL
Redington Shores, FL 33708 · Pinellas County
$2,499,000
$707/sq ft
Photos of 131 Forest Hills Drive
1 / 30Who is building this home?
This home is listed as built by Paragon Elite. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
This exquisite custom-built, new construction coastal contemporary home features 4 bedrooms, 3.5 baths, and is situated in the prestigious and guard-gated Redington Shores Yacht and Tennis Club. This newly constructed, open-concept layout with 12 ft ceilings boasts an abundance of natural light and luxurious finishes throughout. You will find hurricane impact-rated windows and doors and a commercial style dual sided elevator which provides convenient access from the garage and foyer to the main living area. The expansive kitchen flows perfectly to the great room and is wonderful for entertaining, featuring high-end appliances, an oversized island, Italian cabinetry, quartz counters and a spacious dining area. The primary bedroom is well-appointed with a rich walk-in closet, a grand shower, floating cabinetry, and a soaking tub. There are 2 generous sized guest bedrooms with walk-in closets, and en suites. The home also includes a fourth bedroom currently being used as an office and laundry room with ample storage. The first floor offers an abundance of bonus space. Please call for a copy of the floor plan and to discuss the endless design possibilities. You will enjoy indoor/outdoor living on the spacious balcony or terrace, which overlooks the heated or cooled saltwater pool and spa, perfect for year-round enjoyment. The home is located in a resort-style community just steps away from the Beach and offers a range of amenities that set it apart from other communities in the area. These include 24-hour security, tennis and pickleball courts, a clubhouse with a fitness center, a community spa, a pool, and a kayak/paddleboard launch, as well as a fishing dock. The location of this home offers easy walking or golf cart access to the beach, many restaurants, bars, shops and the Redington Village. Nearby is Tampa International Airport, Downtown St. Petersburg, pro sports stadiums, entertainment, museums and all of the BEST that Tampa Bay has to offer! Deeded docks with lifts are able to be purchased by residents when available.
Home details and costs
- MLS number
- TB8399767
- Property type
- Single Family Residence
- Build stage
- Move-In Ready
- Builder
- Paragon Elite
- Heated square feet
- 3,533 sq ft
- Total under roof
- 6,593 sq ft
- Stories
- 2 Story
- Lot size
- 0.17 acres
- Subdivision
- Redington Shores Yacht & Tennis Club
- HOA fee
- $285.36/mo
- Annual property tax
- $5,976 (current assessment)
- Days on market
- 361 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$19,378
$249,900 down (10%) on a $2,249,100 loan
- Principal and interest
- $14,216
- Property tax (estimated)
- $3,674
- Homeowners insurance
- $267
- HOA
- $285
- PMI (under 20% down)
- $937
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $5,976 a year, while taxing this purchase price works out closer to $44,082. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
This listing shows real leverage signals. Here is what its own numbers say.
On the market 361 daysStrong signal
Past six months on a finished home means the builder has been carrying taxes, insurance, and interest on it the whole time. That cost is real and it is why concessions get easier the longer a home sits.
Finished and standingWorth knowing
A completed home with a Certificate of Occupancy is inventory, not a future sale. Builders treat standing inventory very differently from a lot they have not broken ground on.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Assigned schools
- Elementary
- Bauder Elementary-PN
- Middle
- Seminole Middle-PN
- High
- Seminole High-PN
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
Virtual tour
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Listed by Smith & Associates Real Estate. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 131 Forest Hills Drive, Redington Shores, FL 33708 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.