Photo: Courtesy of Kevin Westlund/South Meadow Productions
The largest waterfront residence in the Davis Islands was went on sale tuesday for the modest sum of 23.9 million dollars.
Why is this important: That’s $1.4 million more than buyers gave in 2021 for Derek Jeter’s mansion Davis Islands — Tampa Bay most expensive house – and would set a new benchmark in the local luxury home market.
Rollback: The high-end home market had a banner year in 2021, when new wealthy buyers flocked here from other states.
- After Jeter’s record sale, a $16.7 million deal in Thonotosassa and a $16 million sale in Davis Islands were completed.
Yes, but: Tampa Bay’s luxury real estate market plunged in 2022, when the most expensive house sold for $15 million.
The big picture: The local luxury market still looks like a bargain compared to South Florida, where the 10 biggest sales in 2022 all topped $40 million, and the top two topped $100 million.
Details: The 1.45-acre estate – which includes three building lots – includes a 9,038-square-foot home originally designed in 1928.
- According to the Tampa Times in 1932, the French Provincial House at 42 Ladoga Street was built at a cost of $12,000 – or about $258,276 today after adjusting for inflation.
- The home has seven bedrooms, seven full bathrooms and two powder rooms, a gym, entertainment wing, wine cellar and executive offices, as well as a boathouse with two elevators.
To note : With 464 feet of waterfront, the parcel is larger than Jeter’s former property. The new owner from Jeter’s house plans to tear it down and rebuild it.
What they say : “With the influx of out-of-state buyers flooding our market who are accustomed to prices well above what Tampa has produced, securing a significant piece of Tampa’s waterfront Bay like this is nothing short of a rare opportunity,” said Smith & Associates. real estate agent Mary Beth Byrd told Axios in a statement.