Historic home fetches highest price ever in Hillsborough County

A McDonald's franchisee and his wife paid $9.5M for the Stovall-Lee House and plan to convert it to a private club

Miami /
Apr.April 08, 2018 04:00 PM

Stovall-Lee House in Tampa (Credit: Tampa Bay Times)

A fast-food restaurateur bought a waterfront house in Tampa for $9.5 million, the highest price ever for a residential property in Hillsborough County.

The buyers, Blake Casper and his wife Tate, closed March 21 on their record-breaking purchase of the Stovall-Lee House, which has been listed on the National Register of Historic Places since 1974.

Casper is chief executive officer of a company that owns dozens of McDonald’s restaurants in the Tampa area.

A general manager of Florida Brewing Co. in Ybor City built the Stovall-Lee House on a 2.6-acre site along Hillsborough Bay in 1909.

The house was named after Wallace Stovall, founding publisher of the old Tampa Tribune newspaper, and subsequent owners, the Lee family, which arranged for the property’s listing on the National Register of Historic Places.

The new owners plan to convert the historic property to a private club with a bed-and-breakfast inn available exclusively to members of the club.

The seller is Harry Teasely Jr., a retired Coca-Cola executive who bought the Stovall-Lee House in 1991 for $2.4 million. He upgraded and expanded the property and listed it for sale three years ago with an asking price just below $14 million.

The $9.5 million price that Teasely got for the Stovall-Lee House is the third-highest price ever for a residential property in the four-county Tampa Bay area.

Last year, the seller of the Century Oaks estate in Pinellas County got $11.18 million for the property. [Tampa Bay Times] Mike Seemuth


Related Articles

arrow_forward_ios
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Jeter sells waterfront Tampa estate for record $23M
Jeter sells waterfront Tampa estate for record $23M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
Clockwise from left: A rendering of Water Street Tampa, Ian Schrager, Jeff Vinik, Patrick Mahomes, rendering of Tampa Edition, Bill Gates and Tom Brady (Photos via Getty; Water Street Tampa/Photo Illustration by Kevin Rebong for The Real Deal)
Development boom in Super Bowl city: Tampa reaches for its real estate moment
Development boom in Super Bowl city: Tampa reaches for its real estate moment
arrow_forward_ios

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

Loading...