$2,600,000
$400K PRICE DROP

518 Riverside Dr Tarpon Springs, FL 34689

Estimated payment $16,753/month

Total Views 22,112
8 Beds
8 Baths
7,886 Sq Ft
$330 Price per Sq Ft

Highlights

  • Additional Residence on Property
  • Dock has access to electricity and water
  • Boat Lift
  • Sunset Hills Elementary School Rated A-
  • Property fronts gulf or ocean
  • Intracoastal View

About This Home

WATERFRONT PROPERTY PRIME LOCATION WITH DIRECT WATER ACCESS TO GULF OF MEXICO - Welcome to 518 - 504 Riverside Drive, an exceptional executive estate that spans over 2+ acres of pristine property sitting 30 FEET ABOVE SEA LEVEL. Enclosed by a solid concrete wall for unmatched security and privacy, this compound features two magnificent homes, perfectly situated atop the scenic Kraemer Bayou. With no flood zone concerns and no HOA, this property offers both peace of mind and freedom.

The main residence boasts 4 bedrooms, 3 full baths, and a half bath. Enjoy breathtaking bayou views from the elegant dining room, spacious family room, and expansive office. Every detail of this home reflects sophistication and comfort.

The guest house is an entertainer’s dream, featuring a sprawling living and entertainment area complete with a sunken wet bar and a commercial-style kitchen. With 4 bedrooms, 3.5 baths, and additional living quarters in the basement, the guest house is perfect for hosting family and friends. Recent updates include new laminate flooring and fresh paint throughout.

Water enthusiasts will love the newly updated dock, complete with Trex decking, a 10,000-lb lift, power, and water, providing direct access to the Gulf. Enjoy inshore fishing from your dock or jump in a fishing kayak and fish the beatiful mangroves that lead right out to the Gulf, or maybe enjoy some tubing with the Jet Skis.The resort-style backyard is a true paradise, featuring an infinity pool overlooking the bayou, a newly built party gazebo equipped with natural gas and water along with a fully functional outdoor kitchen. Enjoy the detached swim spa with an air-conditioned workout facility and shower stall. The meticulously re-landscaped grounds include a sand volleyball court for added fun and recreation.

Additional highlights include a whole-property 30,000 kW generator, automatic hurricane shutters, and 6 garage spaces accessed via two remote-controlled gates leading to a private courtyard.

Located in the charming and world-famous town of Tarpon Springs, featuring some of the finest Greek Restaurants around. This quaint town has so much to offer with antique shops and local breweries along with many art and music festivals happening on any given weekend. The world famous Epiphany celebration takes place here in Tarpon Springs. Elementary/Middle and High Schools are very close by for convenience.We have 3 amazing beaches very close by along with Clearwater only 15 minutes away. Within 30 minutes of Tampa and St Pete Airports. The property is minutes away from the Pinellas trail where biking and walking will connect you to several other small downtown areas such as Palm Harbor and Dunedin.

SIGNIFICANT PRICE ADJUSTMENT

Listing Agent

Curt Chandler

IMPACT REALTY TAMPA BAY Brokerage Phone: 813-321-1200 License #3465262 Listed on: 01/02/2025

IMPACT REALTY TAMPA BAY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,050

Year Built

  • Built in 1999

Lot Details

  • 2.25 Acre Lot
  • Lot Dimensions are 124x237
  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Property fronts a bayou
  • River Front
  • North Facing Home
  • Irrigation Equipment
  • Landscaped with Trees
  • Garden
  • 3 Lots in the community
  • Additional Parcels

Parking

  • 6 Car Attached Garage
  • Guest Parking
  • Golf Cart Parking

Property Views

  • Intracoastal
  • Partial Bay or Harbor
  • River
  • Bayou

Home Design

  • Block Foundation
  • Slab Foundation
  • Frame Construction
  • Slate Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,886 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Bar Fridge
  • Bar
  • Dry Bar
  • Crown Molding
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Sauna

Kitchen

  • Dumbwaiter
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal
  • Whole House Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Home Security

  • Security Lights
  • Security Gate
  • Security Fence, Lighting or Alarms
  • Hurricane or Storm Shutters

Pool

  • Heated Infinity Pool
  • Heated Lap Pool
  • Swim Spa
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • River Access
  • Access To Bayou
  • No Wake Zone
  • Boat Lift
  • Covered Boat Lift
  • Dock has access to electricity and water
  • Dock made with Composite Material
  • Courtyard
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill
  • Rain Gutters

Additional Homes

  • Additional Residence on Property

Schools

  • Tarpon Springs Elementary School
  • Tarpon Springs Middle School
  • Tarpon Springs High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Thermostat
  • Water Filtration System
  • Gas Water Heater
  • Water Purifier
  • Water Softener
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sunset Hills Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,050

Year Built

Built in 1999

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco, Frame
  • Fireplace: Yes
  • Living Area: 7886
  • Lot Size Acres: 2.25
  • New Construction: No
  • Year Built: 1999
  • Building Area Total: 11279
  • Lot Size Sq Ft: 98219
  • Number Of Lots: 3
  • Status: Active
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 1047.85
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 329.70
  • Total Acreage: 2 to less than 5
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite,Dock w/Electric,Dock w/Water Supply,Lift
  • MFR_DockYN: 1
  • Attribution Contact: 813-321-1200
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate, Wood
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Interior Amenities: Crown Molding, Dry Bar, Dumbwaiter, Open Floorplan, Sauna, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Water Filtration System, Water Purifier, Water Softener, Whole House R.O. System, Wine Refrigerator
  • Foundation Details: Block, Crawlspace, Slab
  • Total Bedrooms: 8
  • Levels: Three Or More
  • Other Equipment: Irrigation Equipment
  • Spa Features: In Ground, Swim Spa
  • Spa Yn: Yes
  • Stories: 3
  • Has Basement: Finished, Full
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 732.63

Exterior Features

  • Direction Faces: North
  • Other Structures: Additional Single Family Home, Outdoor Kitchen, Storage
  • Pool Features: Heated, In Ground, Infinity, Lap, Salt Water
  • Exterior Features: Courtyard, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Storage
  • Roof: Slate
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Paved
  • Water Access: Bayou,Gulf/Ocean,River
  • Water Extras: Lift,Lift - Covered,No Wake Zone
  • Water View: Bayou,Gulf/Ocean - Partial,Intracoastal Waterway,River
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 6
  • Garage Yn: Yes
  • Parking Features: Golf Cart Parking, Guest

Utilities

  • Utilities: Cable Available, Electricity Available, Public, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central, Propane
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Security Fencing/Lighting/Alarms, Security Gate, Security Lights
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Tarpon Springs Elementary-PN
  • High School: Tarpon Springs High-PN
  • Middle Or Junior School: Tarpon Springs Middle-PN

Lot Info

  • Parcel Number: 11-27-15-87786-001-0060
  • Additional Parcels: Yes
  • Lot Dimensions: 124x237
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Check with the city of Tarpon Springs

Tax Info

  • Tax Annual Amount: 38050.48
  • Tax Block: 1
  • Tax Book Number: 7-38
  • Tax Lot: 4

Multi Family

  • Waterfront Features: Bayou, Gulf/Ocean, Intracoastal Waterway, River Front

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2025 07/02/25 For Sale $2,600,000 0.0% $330 / Sq Ft
07/01/2025 07/01/25 Off Market $2,600,000 -- --
06/16/2025 06/16/25 Price Changed $2,600,000 -11.9% $330 / Sq Ft
02/24/2025 02/24/25 Price Changed $2,950,000 -1.7% $374 / Sq Ft
01/02/2025 01/02/25 For Sale $2,999,950 -- $380 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: TB8319572

Stellar MLS