Historic Tampa Home of Davis Islands Developer Listed for $4.5 Million
A piece of Tampa’s history is now on the market as the home of the Davis Islands developer is listed for sale at $4.5 million. Located at 116 W. Davis Blvd., this historic house could potentially be razed for redevelopment purposes, making it an attractive opportunity for both history enthusiasts and real estate investors.
A Half-Acre Lot with Potential for Redevelopment
With a half-acre lot, the property offers ample space for redevelopment and the possibility of building a new, modern home. The location is highly desirable, being in close proximity to downtown Tampa and various amenities. This makes it an attractive investment for those looking to build their dream home in an exclusive neighborhood.
A Brief History of Davis Islands
Davis Islands was developed in the 1920s by D.P. Davis, a real estate developer who envisioned creating an exclusive residential community on a series of man-made islands. The development was initially a success, with many wealthy residents building lavish homes on the islands. However, the Great Depression hit the real estate market hard, and the original vision for Davis Islands was never fully realized.
Preserving the Legacy of the Developer’s Home
As the home of the Davis Islands developer, the property at 116 W. Davis Blvd. holds significant historical value. The house was built in 1926 and has been meticulously maintained over the years, preserving its original charm and character. With its listing for sale, there is an opportunity for a buyer to preserve the legacy of this historic property, either by restoring the existing home or incorporating elements of its design into a new construction.
Is the $4.5 Million Price Tag Justified?
Given the prime location and historical significance of the property, the $4.5 million price tag may be justifiable for the right buyer. Comparable properties in the area have sold for similar prices, and the potential for redevelopment adds value to the investment. The question remains whether a buyer will see the value in preserving the history of the home or opt for a complete redevelopment of the site.
A Unique Opportunity for History Buffs and Real Estate Investors
Regardless of the outcome, the sale of the Davis Islands developer’s home presents a unique opportunity for both history buffs and real estate investors. Whether the property is restored to its former glory or redeveloped into a modern masterpiece, its sale marks a significant moment in Tampa’s real estate history.
Interested in Historic Properties?
If you’re interested in historic properties or looking for unique real estate opportunities in the Tampa area, be sure to contact me for more information. With years of experience in the real estate industry, I can help guide you through the process of finding and purchasing the perfect property to suit your needs and desires.
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