Luxury Portfolio Press

May 17, 2021

Smith & Associates/Luxury Portfolio International sells Derek & Hannah Jeter’s Tampa Waterfront Residence

Transaction ranks as the most expensive sale ever for the Tampa Bay region

TAMPA, FL (May 17, 2021) – Baseball great Derek Jeter and his wife, Hannah, have sold their Tampa home for $22.5M.  Smith & Associates Real Estate/Luxury Portfolio International agents, Stephen Gay and Katie Glaser, were the listing agents for the record-breaking sale.

Last listed at $29 million, the home is the most expensive sale ever in the Tampa Bay region. The next highest sale was another Smith listing, The Oaks, which sold last month for $16.7 million.

Located on Davis Island, one of Tampa's most upscale, premier neighborhoods, the home is the largest waterfront property on the island. The stunning, one-of-a-kind, custom-designed private estate sits on 345 feet of open bay, and at just under 22,000 square feet, it is also the largest home by square footage ever sold in South Tampa. It sold in less than eight months on the market.

Interest in the home peaked to a frenzy earlier this year while Jeter's famous tenant, Tom Brady, led the Tampa Bay Buccaneers to a historic win in Super Bowl LV. Familiar working with celebrity and high-profile clients, Gay's team had to discern the potential buyers from the fans.

"The Tampa Bay region had been quietly ramping up as a top city regarded for its high quality of life and fun-in-the-sun lifestyle, and then the Super Bowl came and the secret was out. A home like Jeter's shows an evolution of what is possible and what is to come as Tampa continues to attract attention and luxury buyers," said Gay.

Last year, Tampa attracted 47,000 new residents, making it the 4th largest metropolitan area for new residents. It is considered a top "Sunbelt City," with industry predictions showing home values rising as the city continues its dramatic growth trend.

"Our area is on fire and people from all over the world are noticing. Our brokerage has sold some of the region's largest homes for the highest price points ever, and the year isn't even halfway through. New developments like Tampa's first 5-star hotel, Tampa EDITION, and the residences there are a part of the bigger story of Tampa's influx of luxury buyers. This is the perfect place for a second home or to relocate and enjoy the outdoor lifestyle of Tampa Bay," says Bob Glaser, President & CEO of Smith & Associates Real Estate/Luxury Portfolio International.

Tampa is emerging as a top-quality city for investors and residents alike. A home like this is a rare find but offers security, privacy, and attention to detail.

The walled estate has over 1.25-acres and an expansive residence that was built with the finest materials available.  The seven-bedroom, eight full, and eight half-bath home boasts an intimate owner's retreat that offers a fireside seating area, two spacious custom closets, and spa-like bath and steam shower. The owner's suite opens to a private balcony where you can enjoy the breathtaking vista.

As one would expect of a home of this caliber, some exceptional features help differentiate it: wine cellar, in-home movie theater, professional gym, outdoor kitchen and grilling area, whole-home generator, air-conditioned garage to accommodate six cars, scullery, additional laundry room, and an in-law suite and au-pair wing, complete with a living area and kitchen.

Painstaking detail ensured that this masterpiece showcased all that bayfront living in Florida has to offer with waterfront views from most rooms, almost 9,000 square feet of picturesque outdoor covered porches and balconies, a dock with two boat lifts, a heated spa, and an 80-foot saltwater lap pool.

Jeter and his family now reside in Miami, Florida, where he is part owner and CEO of the Miami Marlins baseball team.  Tom Brady has remained in Tampa for another exciting season with the Tampa Bay Buccaneers.

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ABOUT LUXURY PORTFOLIO INTERNATIONAL® (LPI) 

LPI (luxuryportfolio.com) is the luxury marketing division of Leading Real Estate Companies of the World®, the largest global network of premier locally branded firms dominated by many of the world's most powerful, independent luxury brands. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.™ 

Source: Luxury Portfolio International® 
Contact: pr@luxuryportfolio.com