South Tampa, FL Luxury Waterfront Tuscan Estate Home! Lowest priced waterfront home in all of south Tampa! Start Price USD 1,999,900.00 Current Price USD 1,999,900.00 Time Left - Bid Count 6 Buy It Now Price - Reserve Price - Start Time Friday, April 11, 2008 End Time Thursday, July 10, 2008 Location Tampa, Florida See more about 'South Tampa, FL Luxury Waterfront Tuscan Estate Home!' Description South Tampa Tuscan Inspired Wate South Tampa Tuscan Inspired Waterfront Estate Home - 5 bedrooms, 5.5 baths Reid Resort Realty, Inc. is founded upon 30 years of building and development, selling, and investment experience coupled with extensive resort and residential marketing experience. Proud Members of:   At Reid Resort Realty we are committed to building Value with Excellence and Integrity. Scott D. Reid, FL Licensed REALTOR. Reid Resort Realty.   "The United States Census Bureau estimates that the population of Florida will increase by 1,200 people per day for the next 24 years!"   Home Overview | Home Photo Gallery | Area Photo Gallery | Additional Links of Interest | Home Highlights | Area Information | Comparative Market Analysis | Leaseback Opportunity | Recent Articles | Financing | Contact Us Home Overview Lowest priced direct waterfront home in all of south Tampa! Nearly 7,000 total sq. ft.! Enjoy breathtaking Bay views from nearly every room in this one of a kind Tuscan inspired estate and prestigious Beach Park location. 5 bedroom, 5 ½ bath with soaring 22 ft. foyer upon entry highlighted by an elegant, curved staircase with iron, marble and granite risers. Travertine, marble and Brazilian cherry hardwood floors, trey ceilings, columns, built-ins, iron work and arches throughout. Dual heating and cooling with programmable thermostat. Complete home automation control with a $50,000 state-of-the-art Control4 system. Exterior of this home features custom imported stone, stucco and travertine finishes. Two story solid block, fortified and energy efficient construction. Brand new 10’ seawall and dock! This Tuscan estate is complete with a custom outdoor pool and spa overlooking the water! Outdoor living at its best, complete with a state-of-the-art outdoor kitchen for poolside dining. Covered dock can accommodate up to a 30 ft. boat and has a 16,000 lb. lift. No detail has been overlooked in this award winning designer waterfront home! Living room features an elegant fireplace. Family room has endless water views. Walls and ceilings feature Venetian plaster and breathtaking faux finishes throughout! Custom, gourmet kitchen with Wolf stainless steel appliances, wine cellar, granite countertops, 42" solid wood cabinetry, a butler's pantry, open bar and breakfast nook overlooking the water! Executive office perfect for the at-home professional. Magnificent master bedroom and bath both have expansive open Bay views from every location. Master bedroom also features an enormous custom closest, sitting area, morning kitchen and private, covered lanai overlooking the Bay. Master bath features a jetted, soaking tub and two person shower overlooking the water, a private closet, and custom, designer finishes including travertine, imported Italian tile and solid wood cabinetry. This home also features an additional bonus room with a private balcony overlooking the pool and Bay which is perfect for a game room, home theater, gym and more. Home Photo Gallery top   Click image to view larger     Area Photo Gallery top   Click image to view larger   Additional Links of Interest top Click here to view a recent appraisal at $3.4M! Click here to view the front and rear elevation Click here to view the floor plan Click here to download the complete marketing package Hillsborough County Wind Zone Map (subject property is NOT in a high impact zone) Proposed Changes to Flood Zone (subject property is NOT in a flood zone; proposed changes still do not put subject property in a flood zone as the home is built with a 10' consideration vs. the 9' they are proposing) Click here to view the MLS Listing Home Highlights top Imported Italian Tile Floors and Brazilian Cherry Wood Flooring Wine Vault, Walk In Pantry and Butler's Pantry Private Master's Retreat with Balcony Marble and Brazilian Cherry Spiral Stair Case Fine Architectural Details; Niches, Arches, Water Features Complete Smart Home Automation Package Optional Second Story Game Room with Balcony Open Foyer Iron Work Throughout Wolf Commercial Appliance Package All Custom Solid Wood Cabinets and Closets New Seawall and Dock Summer Kitchen All Block Construction - Fortified Construction Energy Efficient Construction Recent Appraisal at $3.4M Area Information top South Tampa's uniquely central location makes it easy to get to the beaches and all the attractions throughout the Tampa Bay area. As well as being one of Tampa's most invigorating destinations, South Tampa also has its share of urban modernity. The mix of modern skyscrapers, dazzling waterfront, multi-cultural influences and rapid development make South Tampa, Florida a fascinating area in Tampa Bay. Enjoy the historic streets of Hyde Park; take a dinner cruise around Davis Island, Harbour Island, and Bayshore. Take a trolley from the Channelside District to Ybor City and chill in the area's hippest restaurants, bars and hangouts. Anything your heart desires is just around the corner in South Tampa. Dale Mabry Highway is lined with businesses, including many fine restaurants. Stop off for a delightful lunch or an afternoon of shopping at the upscale boutiques and specialty stores in Olde Hyde Park Village ... Browse in one of the myriad of antique shops, art galleries and studios ... Take a leisurely drive down scenic Bayshore Boulevard, one of the longest bay front drives in the United States ... Enjoy a picnic lunch or fish from the pier at Ballast Point Park ...View the magnificent Florida sunset from Picnic Island or while walking, biking, rollerblading, or fishing off the Gandy Friendship Trail Bridge. South Tampa is only 10 to 15 minutes from the Tampa International Airport and provides easy access to St. Petersburg and Clearwater via one of three ways, the Howard Franklin Bridge, the Gandy Bridge, and the Courtney Campbell Causeway. For subject property school district You selected: District: HILLSBOROUGH Years: 2006-2007, 2005-2006 School Grades: Report Type: School Grades School Accountability Report Click on the column header to re-sort by that column. School Number School Level School Year (Click on year to see detailed report) Grade (Includes Learning Gains) more info % Meeting High Standards in Reading % Meeting High Standards in Math % Meeting High Standards in Writing % Meeting High Standards in Science % Making Learning Gains in Reading % Making Learning Gains in Math % of Lowest 25% Making Learning Gains in Reading % of Lowest 25% Making Learning Gains in Math Bonus points for 11th-12th grade Retakes Points Earned (Sum of Previous 9 Columns) more info Percent Tested % Free and Reduced Lunch Minority Rate Hillsborough   1681   GORRIE ELEMENTARY SCHOOL   Elementary 2006-07 A 93  92   93   88   83   73   86   82   NA   690   99   13   30       Elementary 2005-06 A 96  94   94     72   86   71       513   100   15   32   1721   GRADY ELEMENTARY SCHOOL   Elementary 2006-07 A 78  79   87   49   70   75   62   80   NA   580   100   49   56       Elementary 2005-06 B 90  78   88     70   79   47       452   100   49   57   2601   MABRY ELEMENTARY SCHOOL   Elementary 2006-07 A 93  95   92   77   70   78   64   76   NA   645   100   13   24       Elementary 2005-06 A 93  88   95     77   83   73       509   100   14   22   3081   MITCHELL ELEMENTARY SCHOOL   Elementary 2006-07 A 90  86   100   69   80   73   76   76   NA   650   99   29   48       Elementary 2005-06 A 89  81   90     77   77   65       479   100   33   50     Comparative Market Analysis top There isn’t a lot to choose from in this price range, but when something like this does become available you can be assured that it’s going to sell quickly. There is a tremendous demand for new, waterfront homes such as this, and strong, recent comparable sales to support values.   Comparable 1 Comparable 2 Comparable 3 4 bedroom, 5.5 bath, 5,256 sq. ft. under A/C on Davis Island. Built in 2006 and sold at an astonishing $675.42 / sq. ft. in 2007. Sales Price: $3,550,000 5 bedroom, 6 bath, 6,595 sq. ft. under A/C on Davis Island. Built in 2005 and sold at $545.87 / sq. ft. in the middle of 2007 after being on the market just 52 days! Sales Price: $3,600,000 5 bedroom, 6.5 bath, 7,471 sq. ft. under A/C in Culbreath Isles. 20 years old and built in 1988! Sold in the middle of 2007. Sales Price: $3,300,000 Leaseback Opportunity top There is currently a leaseback opportunity available with this home that is being offered by the builder. They are interested in leasing back the home for 2 years to feature as their model! The details of the leaseback are below. $2,990,000 Purchase Price 24 month leaseback @ $20,000 / month $480,000 total, can be paid upfront at closing   Recent Articles of Interest top Tampa Developers Build on Optimism Tampa Real Estate Market Resistant to Undervaluation Encouraging Outlook for Bay Area Real Estate Tampa's Westshore to Gain Sought-After Residential Component Tampa Real Estate Market Noted in Forbes to Bounce Back Fastest High Rise, High Life - Tampa's Rising Skyline Financing top Financing is available at very competitive rates for this home. The Seller will consider carrying a 2nd mortgage as well for the right offer and buyer. Please contact us for rates. This Tuscan estate home is the lowest priced waterfront home (price per sq. ft.) in all of south Tampa. You are purchasing at roughly 85% LTV and is priced to sell. It will not be around for long. Please contact us to arrange a private showing and to request additional information on this architectural masterpiece. 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