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The South Tampa Real Estate Market Is On Fire! [STATS]

The South Tampa Real Estate Market Is On Fire! Pending Homes Sales up 33%

South Tampa Real Estate Market

Unlike the National statistics and Hillsborough County as a whole, we want to take a closer look at one of Tampa’s most expensive zip codes (33629)

Here are some figures I’d like to share with you for South Tampa Real Estate. South Tampa has long been one of the prime locations for homebuyers because of its proximity to an array of fine restaurants and stores, along with its convenient access to downtown as well as the bridges that lead to Gulf Coast beaches.  The 33629 zip code also boasts one of Tampa’s best school districts, Plant High School.

Back to the South Tampa Stats:  The arrows point upward. In April of 2015 the median sales price is $479,900, up from $396,250 in March of 2015 and up over last year’s figure as well. (If you look at a two-year chart, March’s price went really low, but the dip looks like an aberration rather than a trend.) New pending sales are up 35 percent from a year ago, along with an almost 33 percent increase in sales that closed.

Tampa’s most expensive home for sale is also located in the South Tampa area.  The historic Stovall-Lee House on Bayshore Boulevard in Tampa just hit the market at the highest price of any current listing in Hillsborough County and the second highest in the bay area.  For $13.9 million, you can own the largest estate in South Tampa.

4621 Bayshore Boulevard, TAMPA, FL 33611 (MLS # T2753993)

(all data current as of 5/26/2017)
Price $11,900,000
Beds 6
Baths 9 full, 1 half
Home size 8,930 sq ft
Lot Size 2.33 ac
Days on Market 752
Status Active
Introducing an exquisite estate property which epitomizes gracious, elegant and exclusive living. Known locally as the Stovall-Lee House, this South Tampa estate is the largest residential property on Tampa’s famous and scenic Bayshore Boulevard N of Gandy. Meticulously restored and expanded over the years, the 6 bedroom, 9 full and 1 half-bath walled and gated estate boasts over 8,900 square feet of living space, on 2.6 acres overlooking the open Bay. Private and secluded, with a main house, guest house, pavilion, conservatory, pergola, and fitness and service building. Enjoy the very best of entertaining, indoors and out, with courtyard, terrace areas beautifully embraced by extensive landscaping and gardens from a strand of Florida Cypress to a French Knot Garden, koi and lily ponds. The grand entry, formal living room and dining room feature antique chandeliers, beautifully restored moldings by master craftsmen, original flooring and majestic mahogany pocket doors. A superior Chef's kitchen offers marble counter tops, Miele and SubZero stainless appliances, sleek cabinetry and a stainless prep counter for the very best of culinary artistry. The Pavilion is a masterpiece of architectural design that opens to the stunning pool area with French limestone and marble flooring, coral stone wood-burning fireplace, cypress tray ceiling, full-service entertaining bar and impressive 1400+ bottle wine cellar. One of the most exquisite estates ever offered in Tampa FL. Video/Audio Surveillance On Premises.

Property Type(s): Residential, Single Family Home

Last Updated 4/20/2017 Tract NIX SUB
Year Built 1909 Community n/a
Garage Spaces 2.0 County Hillsborough
Total Parking 2

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Coldwell Banker Residential

(view all details for MLS #T2753993)

If you have been on the fence about selling your home and want to know what your home is worth, please contact us here for a free market analysis.

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Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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