20 Acre Riverfront Property Hits the Market for $12 Million
Rare development opportunity for a single-family home community or family compound
TAMPA, Fla. (April 28, 2022) – Six parcels of land owned by The Carol Martin Estate have hit the market in Tarpon Springs. Located on the Anclote River, the property has a combined water frontage of over 1,200 feet. Boat lovers will note the easy access to the open waters of the Gulf of Mexico and the two deepwater marinas located nearby.
The landscaped parcels have an Old-Florida feel with lush, tropical landscaping and are fenced and gated for privacy and security. Priced at $12 million, the 20-acre properties are zoned for 5 units per acre but are currently home to a large private residential compound with multiple existing structures. The parcels are not all contiguous; there is a very short distance that divides them in half.
The agents say the offering is a rare gem for the right buyer. “It can remain a family compound or the local zoning, which allows for five units per acre, means a developer could create a waterside community,” says Calhoon.
The property’s main home is 5,031 square feet with a 2-story guest house, three-car garage, exercise room, screened-in porch, saltwater pool, and electronic security gate. The compound also features another residential home with a dock and 2 deepwater slips, detached art studio/office space, along with a 3 bedrooms and 3 bath building that features a large carport to accommodate up to 8 cars.
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