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$14,500,000

5028 Leona Street

Tampa, FL 33629

Listing updated: June 21, 2026 at 7:02 AM ET

Active

Listing courtesy of The Toni Everett Company · Eric Panico · MLS #TB8519347 · Active · 813-839-5000

Beds

Baths

10,523

Sq Ft

0.47

Acres

2027

Built

◆Waterfront◆Water access◆Private pool◆New construction◆In-law suite◆Fireplace◆8-car garage◆$1,378/sqft◆360° tour

Single Family Residence

Property type

2027

Year built

20,625 sqft

Lot size

$1,378

Price / sq ft

$94/mo

HOA dues

Days on market

Garage spaces

Flood zone

About this home

Pre-Construction. To be built. OPEN BAY WATERFRONT NEW CONSTRUCTION ESTATE on oversized lot to be built. Build the featured floor plan or Customize to fit your exact needs. Call for floor plan preview and preferred builders list. One of the most coveted neighborhoods of South Tampa. Welcome to MADSEN ISLES. OPEN BAY VACANT Lot can be sold separately MLS # TB8516921

Local Insight

At $14.5M for a brand-new 10,500-square-foot waterfront home in Madsen Isles, you're paying a premium for location and finishes, but the VE flood zone means mandatory flood insurance will be a significant ongoing cost—factor that into your true carrying expenses beyond the modest $94 HOA. The 0.47-acre lot is tight for a property of this caliber and price point, so the main value here is the water access and new construction quality rather than land, which matters if you're expecting room to expand or want privacy from neighbors. With seven bedrooms and an in-law suite, this layout appeals to multi-generational buyers or those needing guest space, but you'll want to verify whether the flood zone restrictions limit future additions or renovations.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$73,320

Property taxes$5,740

Home insurance (est.)$6,646

HOA dues$94

Down payment

20%

$2,900,000 downRate

6.5%

Term

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 history6 days on market

Status: Active
Jun 15, 2026
Listed$14,500,000
Jun 15, 2026
Price increased$14,500,000

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 6
Subdivision: Madsen Isles
County: Hillsborough
Year built: 2027
Living area: 10,523 sq ft
Price/sq ft: $1,378
Building area: 22,516 sq ft (Owner)
Lot size: 20,625 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: VE (12057C0342J)
Garage: 8 spaces
Pool: Private pool
Annual taxes: $68,879 (2025)
Parcel #: A-32-29-18-D04-000000-00004.0
Zoning: RS-75
MLS #: TB8519347

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Interior Details

Bedrooms: 7
Full bathrooms: 7
Flooring: Hardwood, Tile
Appliances: Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
Interior features: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Wet Bar
Laundry: Inside, Laundry Room
Stories / Levels: Three Or More
Direction faces: East
Fireplace: Yes
New construction: Yes
In-law suite: Yes

Heating & Cooling

Heating: Central, Electric
Cooling: Central Air

Parking

Garage spaces: 8
Attached garage: Yes
Parking features: Driveway, Garage Door Opener, Garage Faces Rear, Oversized, Basement

HOA & Financial

HOA fee: $94 / Monthly
Monthly HOA: $94/mo
Total monthly fees: $94/mo
Total annual fees: $1,128
HOA name: Madsen Isles HOA
CDD: No
Min lease term: No Minimum
Listing terms: Cash, Conventional
Ownership: Fee Simple
Available for lease: Yes
Lease restrictions: No

Exterior & Construction

Exterior features: Balcony, Lighting, Outdoor Kitchen, Private Mailbox, Sauna, Sidewalk, Sliding Doors, Storage
Construction materials: Block, Stone
Roof: Shingle
Foundation: Slab, Stilt/On Piling
Pool: Private pool
Waterfront: Yes
Water access: Yes
Water view: Yes
Road surface: Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Community

Pets allowed: Yes

Schools

ElementaryDale Mabry Elementary-HBGreatSchools ↗

MiddleColeman-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

Room	Level	Dimensions
Kitchen	Second	21x18
Great Room	Second	25x16
Primary Bedroom	Second	19x17
Bedroom 2	Third	15x13
Bedroom 3	Third	15x13
Bedroom 4	Third	16x16
Bedroom 5	Third	17x12
Additional Bedroom	Third	19x16

Listing Details

Listing date: 2026-06-15
On market date: 2026-06-15
Original list price: $14,500,000
Occupant type: Vacant
MLS area: 33629 - Tampa / Palma Ceia
Listing AOR: Suncoast Tampa
Status changed: 2026-06-15
Tax legal description: MADSEN ISLES LOT 4

Flood risk

High riskFEMA Zone VEPanel 12057C0342J

Coastal high-hazard area (Zone V) with wave action. In a FEMA Special Flood Hazard Area — flood insurance is generally required by lenders.

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

Location

Directions

Westshore to WEST on Leona St to the end open bay.

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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 June 21, 2026 at 7:02 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.

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