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Smith & Associates Real Estate Celebrates Landmark $17.85 Million Sale on Davis Island

Smith & Associates Real Estate proudly announces a historic sale at 42 Ladoga Avenue for $17,850,000. This monumental transaction of $1,975 per square foot now stands as the second-highest sale in Tampa's illustrious real estate history. 

 

Nestled along the waterfront, this historic property stands as a living testament to timeless allure, now entrusted to the care of a dedicated Tampa family. With a deep appreciation for the storied legacy that has graced Davis Island’s waterside vista since 1928, the new custodians are eager to embrace their role as guardians of history. Their unwavering commitment revolves around meticulously safeguarding the residence's heritage, ensuring that future generations will be able to enjoy the splendor that defines this estate.

 

Commanding an impressive 464 feet of coveted waterfront frontage, this property represents a significant milestone as the most expansive water-facing expanse to be offered on Davis Island in decades. The estate spans over three buildable lots and boasts a 9,038-square-foot home, which was designed and built in 1928. The property’s 1.45 acres is a larger parcel than Derek Jeter’s 345 foot waterfront property on Tampa Bay which sold in 2022 for a record-breaking  $22 million.

 

The Smith & Associates Real Estate team of Mary Beth Byrd, Leslie Minder, and Dina Sierra Smith, collectively represent the sellers and co-listed this extraordinary residence.

Reflecting on the legacy of 42 Ladoga, Mary Beth Byrd of Smith & Associates shared, "In the realm of Tampa's prestigious waterfront properties, 42 Ladoga shines as a true gem. The fusion of its historic significance, modern amenities, and unparalleled waterfront access presents an extraordinary opportunity for the discerning buyer." 

 

Beyond its historical resonance, the estate offers a range of luxurious amenities. Boasting seven bedrooms, seven full and two half baths, the grandeur of the residence extends to encompass a full gym, an entertainment wing, a wine cellar, and two executive offices. The property further delights with a boat house featuring two lifts: a substantial 55-foot, 80,000-lb Neptune boat lift, and a versatile 13-foot, 6000-lb multi-use lift. A smaller boat lift with a separate Trex boat dock adds to the allure of this waterfront sanctuary.

 

The Davis Island 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 Island 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. 

 

"Smith & Associates is honored to have played a pivotal role in this monumental sale. Our team's dedication and expertise, coupled with the exceptional value of the property, have truly made this a remarkable milestone in Tampa's real estate history," added Dina Smith.