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.
This is a Co-listing by a residential and a commercial real estate agent at Smith & Associates Real Estate, Dina Sierra-Smith and Pat Calhoon, respectively.
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 is near the Port Tarpon Marina at 741 Anclote Road. The six parcels range between .97 acres and 6.89 acres.
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.
For more information on the property and structures on-site, visit ancloteoasis.com. View the full property video here.
About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay's largest independent and locally-owned real estate brokerage, with a commitment to exceptional service and superior market knowledge. Deeply embedded in the community and comprised of six strategically located offices in the Tampa Bay area, 285 associates, an annual sales volume of $2.18 billion, and over 2,981 transactions a year. Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences with 10.9% of the market share and an average price of $1.87M* (*average of luxury transactions as of December 31, 2021). The company completes eight transactions a day and is a nationally recognized leader in the Real Estate industry. For more information on Smith & Associates Real Estate, please visit smithandassociates.com.
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