Home in St. Pete’s Tierra Verde sells for $5.7 million
By Breanne Williams
Tampa Bay Business Journal
Published: May 24, 2023

A waterfront home in St. Petersburg’s Tierra Verde has sold for approximately $5.7 million.

The 4,481-square-foot home, located at 1883 Bayview Drive, sold to Danae and James Hill, according to a deed filed in Pinellas County. The sellers are listed as Karen Silver and Robert Whitehead. The deal closed on May 22. The sale price breaks down to $1,272 per square foot. Moriah Taliaferro with Premier Sotheby's International Realty represented both the buyer and the seller.

“This is one of those places where you step on the property and feel like you’re at a sanctuary or even a botanical garden,” Taliaferro told the Tampa Bay Business Journal. “The owner put in half a million [dollars' worth] of landscaping and really transformed the lot. It’s very private. Everyone who lives in that neighborhood either wants to be on a private street, or they are big boaters and fishermen that want easy access to the Intracoastal.”

The property is located on the East Shore in Tierra Verde and sits on a 0.77-acre lot. It includes 143 feet of water frontage and a dock with a boat lift and Jet Ski lift. The home has five bedrooms and five-and-a-half baths, and the living room features cathedral ceilings and two-story windows that offer views of Tampa Bay and the Sunshine Skyway Bridge.

The home includes a formal dining room, a custom glass-enclosed wine cellar and a kitchen and breakfast nook. The owner’s suite is on the second floor and has a waterfront terrace, a sitting area that is set up as a personal gym, and an en suite bath. Three other bedrooms also feature en suites.

The home includes an elevated terrace, outdoor lounge, a firepit and an infinity-edge pool and spa. The dock is able to house a deepwater vessel, and the home includes a three-car garage.

Taliaferro said since April 2022 there has been a change of pace in sales and properties are taking longer to sell regardless of their price point. She said homes under $500,000 are more competitive and the luxury market is holding strong, but the timeline shifts from house to house.

Buyers are looking for more amenities inside the home like room for office, gym or wellness spaces. There is also a strong demand for things to be move-in ready as buyers are “very sensitive to how quickly values appreciated.”

“Buyers are not willing to come in and pay a high premium for a property because of what it is and then spend X, Y, Z to bring it up to what they want,” Taliaferro said. “Things need to be turnkey, which is another reason this sold so quickly. The sellers had improved this property over multiple rounds, and it was turnkey, you didn’t even need to paint.”