Tampa, FL (February 21, 2023) – Tampa’s luxury housing market is stepping into 2023 in a robust fashion as the largest waterfront residence on Davis Islands hits the market today with a listing price of 23.9 million dollars. In a real estate market that Forbes magazine ranks as the #1 destination city in Florida, the value for a piece of Tampa’s paradise continues to rise along with the allure that Tampa Bay now offers.
Mary Beth Byrd, Leslie Minder, and Dina Sierra Smith with Smith & Associates Real Estate are co-listing the home at 42 Ladoga. With 464 feet of waterfront footage, the significant property represents the most water frontage on Davis Islands to come to market in decades. “With the influx of out-of-state buyers flooding our market who are accustomed to price points well above what Tampa has produced, obtaining a significant piece of Tampa Bay’s waterfront like this is nothing less than a rarified opportunity,” says Byrd.
The estate property boasts a 9038-square-foot home that was originally designed and built in 1928 and sits on three buildable lots. The total acreage of the property is 1.45 acres, larger than the parcel that Derek Jeter’s home sold for in 2022. Jeter’s home brought in a record-breaking sales price of 22 million for the 345 feet on Tampa Bay. That home will ultimately be torn down by its new owner.
The three lots at 42 Ladoga have direct water access to the Bay and the Gulf of Mexico. The grand estate has 7 bedrooms, 7 full and 2 half baths, along with a full gym, entertainment wing, wine cellar and 2 executive offices. In addition, the property features a boat house with two lifts: one 55-foot 80,000-lb Neptune boat lift and a 13-foot 6000-lb multi-use lift. There is also a smaller boat lift with a separate Trex boat dock.
In comparison to the higher priced markets of Palm Beach and Miami, Tampa is still ultimately a reasonably priced waterfront community that is quickly becoming a business and cultural center. The highest priced home in Miami sold for just over 106 million in 2022.
With waterfront land at a premium, paying for control of the largest parcel available may mean that the home could be torn down for redevelopment. This significant property can be divided into three buildable lots or converted into a true family compound. Lot dimensions are 464’ waterfront, x 240’ street front x 202’ west side x 160’ east side.
“Davis Islands is a true Florida paradise that sits adjacent to Downtown Tampa with a dedicated waterfront trail that allows easy access to the urban core. The golf cart-friendly neighborhood is one of South Tampa’s ultimate playgrounds for the boating and outdoor lifestyle. Residents enjoy the privacy, security, and peacefulness of the island. This is a rare find.” says Robert Glaser, owner, and CEO of Smith & Associates.
The Davis Islands community is home to a private airport, a membership-only yacht club for boaters and sailors, a tennis complex, and a quaint business district with coffee bars, outdoor cafes, and shopping. Davis Islands residents enjoy close proximity to downtown Tampa for cultural events, downtown dining, and Amalie Arena, the home of Stanley Cup Champions, the Tampa Bay Lightning.
Click HERE to link to high-res photos, photo cred Kevin Westlund, South Meadow Productions. Click HERE for the listing.
About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay’s largest independent and locally-owned real estate brokerage, with a commitment to exceptional service and superior market knowledge. Deeply embedded in the community and comprised of five strategically located offices & six new development sales galleries in the Tampa Bay area, along with a London office at Mayfair International Realty. The company employs 267 associates, an annual sales volume of $2.15 billion, and over 2,359 transactions a year. Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences with 12.9% of the market share and an average price of $2.12M* (*average of luxury transactions as of December 31, 2022). The company completes six daily transactions and is a nationally recognized leader in the Real Estate industry. Through its philanthropic giving program, Smith has donated $1.5M to community organizations. In 2022, Smith staff and associates spent over 1,000 hours volunteering at non-profit organizations. International affiliations with Luxury Portfolio International and Leading Real Estate Companies of the World ensure that Smith’s Tampa Bay listings attract a global audience.
For more information on Smith & Associates Real Estate, please visit smithandassociates.com.
Follow Smith & Associates on Social Media:
Tweets by smith_associate