592 Riviera DRIVE, Tampa, FL, 33606 | $7,250,000

RARE OPEN WATER OPPORTUNITY - LAND VALUE ONLY. Build your dream home on Coveted Davis Islands. Imagine the possibilities: a blank canvas to craft your custom waterfront oasis on one of Davis Islands’ most prestigious streets. This expansive 12, 490 sq. ft. lot—nearly a third of an acre—boasts an impressive 92 feet of open bay frontage, offering panoramic views and endless potential.

Create your dream estate to embrace stunning sunsets over the bay and sparkling nighttime views of Bayshore Boulevard’s iconic lights. With generous space to design a sprawling home and unobstructed surroundings, the opportunities for luxurious living are endless.

Nestled in the heart of Davis Islands, this property offers more than just a location—it’s a lifestyle. From yacht club access and a private airport to tennis courts, community pools, parks, and a vibrant downtown filled with shopping and dining, the island is a paradise for recreation and relaxation. Plus, it’s within minutes of A-rated schools, Water Street, the Riverwalk, sports venues, and South Tampa’s premier shopping and entertainment districts.

This lot is being sold for land value only, making it a rare opportunity to create a one-of-a-kind masterpiece tailored to your vision. For the first time in over 50 years, 592 Riviera Drive is available to those ready to seize the chance to own a piece of paradise.

Don’t wait—embrace the Davis Islands dream and make this extraordinary waterfront property yours today. Majestic sunsets await, 365 days a year.

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 92 x 172
  • Laundry: None
  • Year Built: 1959
  • Garage: 2-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,450
  • Acreage: 0.3
  • Lot Size: 92 x 172
  • Est. Taxes: $11,171
  • Elem. School: Gorrie-HB
  • Middle School: Wilson-HB
  • High School: Plant-HB
  • Pool: In Ground
  • Appliances: None
  • MLS#: TB8321537
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/TB8321537/592rivieradrive_tampa_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 11/16/2024 8:02:10 AM)
Listing courtesy of SOUTH CEDAR REAL ESTATE, INC   Phone: 813-230-3811

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

592 Riviera DRIVE, Tampa, FL, 33606

$7,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,800,000 $5,800,000 $5,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.333% 6.876% 6.936%
Monthly Tax Payment $931 $931 $931
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $37,619 $37,619 $51,325
Total Monthly Payment $38,675 $38,675 $52,381

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.