Sale brings highest price ever for a Tampa-area home

Miami /
Apr.April 22, 2017 03:00 PM

A 17,000-square-foot waterfront estate in Clearwater called Century Oaks sold for $11.18 million, the highest sale price ever for a Tampa-area home.

Mary Ann McArthur, an agent with Coastal Properties Group/Christies International Real Estate, who held the listing for Century Oaks together with Kerryn Ellson, declined to identify the buyer. She told the Tampa Bay Times the new occupants of the estate “are international … not movie stars or celebrities, just a very nice family.”

Property records still show that the seller, powerboat racer Hugh Fuller, is the owner of Century Oaks, a 102-year-old property overlooking Clearwater Harbor.

Fuller bought the estate for $5.5 million in 1996 from British Formula 1 racecar driver Nigel Mansell. Mansell bought it from Robert Brown, who invented the black paint applied to Model T Ford automobiles.

In 2013, Fuller listed the 10-bedroom main house, a guest house and boat house for sale with an asking price of $17.5 million.

When it failed to sell, Fuller tried to sell the property at auction in 2014 with a minimum initial bid of $8.5 million. Three bidders made offers, but none of them closed a purchase.

The new owner paid $11.18 million on April 4 for the main house and the guest house. Fuller retained the boat house, which spans 2,500 square feet.

A New York City developer named Dean Alvord built Century Oaks in 1915 on the site of a military fort in an area called Harbor Oaks, the first planned residential subdivision in Clearwater. [Tampa Bay Times] Mike Seemuth


Related Articles

arrow_forward_ios
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...