$4,650,000

301 Caspian Street

Tampa, FL 33606

Active
6
Beds
9
Baths
7,854
Sq Ft
0.44
Acres
1925
Built
Private poolIn-law suiteFireplace$592/sqft
🏠Single Family Residence

Property type

🏗️1925

Year built

📐19,140 sqft

Lot size

📊$592

Price / sq ft

🏘️No HOA

HOA dues

📅242

Days on market

🚗2

Garage spaces

🌊AE

Flood zone

About this home

Timeless elegance and modern sophistication converge in this extraordinary 1925 Mediterranean Revival estate on Davis Islands. Designed by Franklin O. Adams for Arthur Milam of the D.P. Davis Properties, this architectural masterpiece is more than a residence—it is a piece of Tampa’s history. Proudly listed on the U.S. National Register of Historic Places since 1989, the estate sits gracefully on nearly half an acre of lushly landscaped grounds, offering serenity, privacy, and grandeur. The home unfolds with five luxurious bedroom suites, three half baths, and an elevator, each space blending historic charm with modern refinement. Recent updates, including a newer roof and three remodeled bathrooms completed in 2022, ensure comfort while honoring the home’s heritage. The chef’s kitchen, complete with pantry and casual dining area, flows effortlessly into the open family room, while the formal dining room opens to both the sweeping front lawn and a French limestone courtyard with fountain—a setting reminiscent of European elegance. Two dramatic staircases and a private bar lounge speak to the home’s sophisticated character, complemented by a handsome study and mudroom, thoughtfully designed living spaces. Outdoor living is equally compelling, with a full summer kitchen overlooking the sparkling pool and spa, perfect for entertaining on any scale. A gated motor court, two-car garage with modern systems, and a private in-law or guest suite above the garage with a remodeled full bath complete the estate. Perfectly situated just minutes from Tampa General Hospital, Downtown Tampa, Hyde Park, Channelside, Tampa International Airport, and the Gulf Coast’s world-renowned beaches, this Davis Islands estate offers a lifestyle of distinction. More than a home, it is a rare opportunity to own a private castle in the heart of Tampa

Estimated monthly payment

Principal & interest$23,513
Property taxes$4,200
Home insurance (est.)$2,131

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history242 days on market

  1. Status: Active
    May 11, 2026
  2. Listed$5,200,000
    Aug 31, 2025
  3. Price reduced$4,650,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
242
Subdivision
Davis Islands Pb10 Pg52 To 57
County
Hillsborough
Year built
1925
Living area
7,854 sq ft
Price/sq ft
$592
Building area
8,564 sq ft (Public Records)
Lot size
19,140 sq ft
Lot category
1/4 to less than 1/2
Flood zone
AE (12057C0362J)
Garage
2 spaces
Pool
Private pool
Annual taxes
$50,403 (2024)
Parcel #
A-25-29-18-509-000030-00008.0
Zoning
RS-75
MLS #
TB8422893

Interior Details

Bedrooms
6
Full bathrooms
6
Half bathrooms
3
Flooring
Brick, Ceramic Tile, Wood
Appliances
Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
Interior features
Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Wet Bar
Laundry
Laundry Room
Stories / Levels
Two
Direction faces
West
Fireplace
Yes
In-law suite
Yes

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Garage spaces
2
Attached garage
No
Parking features
Driveway, Garage Door Opener, Off Street

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Homestead exemption
Yes
Min lease term
No Minimum
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Balcony, French Doors, Outdoor Kitchen, Storage
Construction materials
Block
Roof
Tile
Foundation
Slab
Pool
Private pool
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Public

Schools

ElementaryGorrie-HBGreatSchools ↗
MiddleWilson-HBGreatSchools ↗
High SchoolPlant-HBGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

RoomLevelDimensions
Bathroom 2Second15x16
Bathroom 3Second15x16
Bathroom 4Second15x15
Bathroom 5Second15x15
Dining RoomFirst35x20
KitchenFirst15x27
Family RoomFirst19x26
Primary BedroomSecond17x21
OfficeFirst15x14
Utility RoomFirst10x11
FoyerFirst9x13
Living RoomFirst15x23

Listing Details

Listing date
2025-08-30
On market date
2025-08-31
Original list price
$5,200,000
Occupant type
Owner
MLS area
33606 - Tampa / Davis Island/University of Tampa
Listing AOR
Suncoast Tampa
Status changed
2026-05-11
Tax legal description
DAVIS ISLANDS PB10 PG52 TO 57 AND PB17 PG5 TO 9 LOTS 7 8 AND 9 BLOCK 30

Flood risk

High riskFEMA Zone AEPanel 12057C0362J

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

On Davis Island west to Biscayne, right on Biscayne to Caspian, home on the corner. Ivy house.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of May 11, 2026 at 9:58 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA