$5,500,000
5023 Leona StreetTampa, FL 33629
Listing updated: October 23, 2026 at 12:22 PM ET
Listing courtesy of Smith & Associates Real Estate · Katherine Glaser · MLS #TB8554417 · Active · 813-839-3800Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
The last off-water residence available in Madsen Isles, an exclusive eight-home South Tampa enclave with brick-paver streets, underground utilities and a quiet cul-de-sac setting. Developed by Modesta Homes and just completed, this coastal modern residence offers nearly 7,000 square feet of elevated living, open-water views from a private rooftop terrace, a four-stop elevator and an extraordinary eight-car garage. The scale is immediately apparent, with a dramatic 24-foot great room and foyer, 10-foot impact sliding glass doors and wide-plank brushed white oak flooring. A soaring tiled fireplace wall with a 360-degree floating fireplace creates a striking architectural focal point, while Level 5 drywall, 8-foot solid-core doors and custom lighting reflect the quality of finish throughout. The kitchen is distinctly custom, featuring built-to-order Luxor European frameless cabinetry that combines high-gloss finishes and natural walnut, dual islands wrapped in book-matched quartz waterfalls and a complete Sub-Zero and Wolf appliance package. A walnut butler's pantry extends the kitchen and provides additional space for entertaining. Designed for both large-scale entertaining and everyday living, the home includes a three-row theater with a 120-inch 4K screen, a temperature-controlled wine room, a bar and lounge, a private office, and a second-floor loft. The main living spaces open to a covered terrace with an outdoor kitchen overlooking the pool, sun decks, floating spa and fireplace. Above, the private rooftop terrace captures open-water views and creates another exceptional outdoor living space. The approximately 650-square-foot primary suite features a private balcony, nearly 400 square feet of separate closets and a spa-inspired bath with a 71-inch vessel soaking tub and dual rainfall showers. Four additional bedrooms complete the five-bedroom, five-and-one-half-bath layout. Equally considered behind the walls, the home was constructed for Florida living with masonry block on pilings, 8-inch core-filled walls, impact-rated windows and doors, spray-foam insulation and a TPO roof. A certified FEMA elevation certificate places the living floor and A/C equipment at 17.6 feet NAVD, an extra 6.6 feet above base flood elevation. Four-zone HVAC, 350-amp electrical service, tankless recirculating hot water and pre-wired security complete the systems. A rare combination of architectural scale, custom construction and resort-style living within one of South Tampa's most intimate new enclaves. Builder and manufacturer warranties transfer to the buyer at closing.
Estimated monthly payment
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 history162 days on market
- Status: ActiveOct 2, 2026
- Listed$5,500,000Oct 2, 2026
Property Documents
Documents the listing agent has made public for this property. Free to view and download.
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 162
- Cumulative DOM
- 162
- Subdivision
- Madsen Isles
- County
- Hillsborough
- Year built
- 2025
- Living area
- 6,996 sq ft
- Price/sq ft
- $786
- Building area
- 12,246 sq ft (Builder)
- Lot size
- 8,155 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE
- Garage
- 8 spaces
- Pool
- Private pool
- Annual taxes
- $6,959 (2025)
- Parcel #
- A-32-29-18-D04-000000-00002.0
- Zoning
- RS-75
- MLS #
- TB8554417
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 5
- Half bathrooms
- 1
- Flooring
- Carpet, Tile, Wood
- Appliances
- Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Wine Refrigerator
- Interior features
- Built-in Features, Ceiling Fans(s), Coffered Ceiling(s), Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
- Laundry
- Inside, Laundry Room, Upper Level
- Stories / Levels
- Three Or More
- Direction faces
- South
- Fireplace
- Yes
- New construction
- Yes
Heating & Cooling
- Heating
- Central, Heat Pump, Zoned
- Cooling
- Central Air, Zoned
Parking
- Garage spaces
- 8
- Attached garage
- Yes
- Parking features
- Driveway, Garage Door Opener, Ground Level, Off Street, On Street, Basement
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- CDD
- No
- Min lease term
- 1-7 Days
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Confirm all lease restrictions with City of Tampa
Exterior & Construction
- Exterior features
- Balcony, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Schools
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 |
|---|---|---|
| Great Room | 21x29 | |
| Kitchen | 18x25 | |
| Dining Room | 23x18 | |
| Media Room | 19x23 | |
| Bedroom 2 | 12x14 | |
| Primary Bedroom | 17x28 | |
| Bedroom 3 | 16x21 | |
| Bedroom 4 | 16x16 | |
| Bedroom 5 | 13x14 | |
| Den | 12x14 |
Listing Details
- Listing date
- 2026-10-02
- On market date
- 2026-10-02
- Original list price
- $5,500,000
- Occupant type
- Vacant
- MLS area
- 33629 - Tampa / Palma Ceia
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-10-02
- Tax legal description
- MADSEN ISLES LOT 2
Flood risk
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
Heading S on Westshore Blvd, turn right onto W Leona St, property is on the right
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