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594 RIVIERA DRIVE

House Recently Sold
$5,450,000

BTC: 70.50452781

ETH: 2,225.39812168

Sold on: 2025-04-07
New
Waterfront
4 bds
2 ba
2,285 sqft

Overview

RARE NEW CONSTRUCTION OPPORTUNITY - PREMIER WATERFRONT LOT | Seize this exceptional new construction opportunity on the renowned Riviera Drive in Davis Islands. Offering 77 feet of direct waterfront frontage with unobstructed open bay views of Hillsborough Bay, this prime 0.30-acre lot is the perfect canvas to build a custom luxury estate in one of Tampa’s most sought-after waterfront communities. The existing home, a 4-bedroom, 2.5-bath mid-century ranch, sustained significant damage and flooding from Hurricane Helene and is being sold as a teardown, making this an ideal site for new construction. This is a rare chance to create a modern waterfront masterpiece with expansive indoor-outdoor living, a private dock, and unparalleled views. The concrete seawall provides a strong foundation for future development, maximizing the potential of this premier location. Situated minutes from downtown Tampa, Davis Islands is known for its exclusive island lifestyle, featuring a marina, public boat ramps, a private airport, a dog park, and golf cart-friendly streets. This coveted community offers the perfect blend of privacy and accessibility, with top-tier dining, shopping, and entertainment nearby.

Location

Details

Type:
Residential
Parking:
Circular Driveway
Year Built:
1958
Lot:
0.30 Acres
Heating:
Central
Price/sqft:
$2,604
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$915,000
$405K – $2.1M
Confidence Low
List vs. estimate
$5.0M above estimate
List $5,950,000 · +550.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,603
+789.4% vs. city median $292
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,415
2024
Pool
In Ground
View
Water
Waterfront
Bay/Harbor
All facts and features
  • Flooring

    • Other

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Other

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • Circular Driveway

    Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Sidewalk / Sliding Doors / Storage

    Lot

    • Lot: 0.30 Acres

    Other Property Information

    • Parcel Number: A36291850900004800036.0

    • Zoning: RS-75

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $11,415

  • Source details

    • MLS ID: TB8359139

    Other facts

    • Construction Materials: Block / Other

    • Foundation Details: Slab

    • Laundry Features: Other

    • Lot Features: FloodZone / City Lot / Sidewalk

    • Pool Features: In Ground

    • Direction Faces: Northeast

    • Other Structures: Storage

    • Architectural Style: Ranch

    • Waterfront: Yes

    • Water Body Name: HILLSBOROUGH BAY

    • Living Area: 2285

    • Water Source: Public

    • Lot Size Dimensions: 77 x 167

    • Subdivision Name: DAVIS ISLANDS PB10 PG52 TO 57

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ENGEL & VOLKERS SOUTH TAMPA