Listing Details for MLS # T3496925
116 W Davis Boulevard, Tampa, Fl 33606

Residential Property - Single Family Residence in Tampa

Listing Price: $2,995,000Days on Market: 277

Description of Property

OPPORTUNITY: " IT COMES AT YOU AT THE PACE OF A SNAIL, AND DISAPPEARS LIKE LIGHTNING!" Historic home designed and built in 1925 for D.P. Davis, visionary developer of Davis Islands in Tampa, FL. Now available to the next person and/or entity with the vision to turn it into a true Davis Island Estate on over half an acre. Consultations with historic authorities indicate that the property can be enlarged/added on to, reaching a potential total sq footage past 5600 sq in the main house, and still almost 500 sq in the guest house.There is also ample space to add a pool/spa package and a detached 3 car garage on the site. A restoration of a property of this character does also have the possibility of tax incentives. It is extremely rare to find a home in one of Tampa's most historic neighborhoods that embodies so much history. The current dwellings features 4 bedrooms, 3 bathrooms in the main building with 4059 sq feet plus a separate 508 sq feet guest apartment above a 2 car garage. Recognized for its historical and architectural significance, the Mediterranean Revival style home was added to the U.S. National Register of Historic Places in 1989. Mediterranean Revival architecture was popular in Florida during the 1920s, characterized by features such as stucco exteriors, red tile roofs, arched doorways, and wrought iron details. Notably, the half-acre estate holds the potential to be restored to its original splendor and maintain its historic designation, presenting an exciting opportunity for prospective buyers to undertake an extensive renovation or potential redevelopment.The average asking price for a 5 bedroom/4 bath single family residence in this Zip code is $3,740,333. This single family residence is listed at about 80% of the average asking price. There are 2 5 bedroom/4 bath homes between $2,600,000 and $3,400,000 currently listed for sale in this Zip code. See other listings like this one »