Derek Jeter Places His Tampa Residence On the Marketplace for $29 Million

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Derek Jeter, the Hall of Fame Yankees shortstop and chief executive of the Miami Marlins, and his spouse, Hannah, positioned their Tampa, Fla. mansion available on the market at this time for $29 million.

“That is essentially the most spectacular house to ever hit the market within the Tampa Bay space,” mentioned Stephen Homosexual, the Smith & Associates Actual Property agent who has the itemizing.

It’s additionally the costliest and largest-scale property to ever be constructed on Davis Islands, a residential archipelago positioned instantly south of downtown Tampa. Nicknamed “St. Jetersburg” by locals, the 30,875-square-foot property was custom-built in 2012 and sits on 1.25 acres overlooking Hillsborough Bay. The seven-bedroom home has eight full loos, eight half-baths, and almost 9,000 sq. toes of outside house together with a collection of coated porches and balconies, two boat lifts and an 80-foot-long saltwater lap pool.

The Jeters moved to Miami in 2017 when Mr. Jeter turned chief govt and a co-owner of the Marlins. The Miami Herald reported in 2017 that the Jeters had moved right into a Nineteenth-floor rental on the Grove at Grand Bay, a pair of twisting towers designed by the Danish architect Bjarke Ingels in Miami’s Coconut Grove neighborhood.

The Tampa home sits on three adjoining tons alongside Bahama Circle, according to a New York Times article revealed throughout its building. Mr. Jeter’s company, Kered Connors L.L.C., purchased the tons in 2005 and 2006 for $7.7 million.

Surrounding the property at this time is a six-foot-high wall referred to by native residents as “The Nice Wall of Jeter.” Realizing that the situation would draw vacationers — and it has — Mr. Jeter needed to undergo a prolonged approvals course of to make the wall two toes taller than allowed by native legislation. Mr. Homosexual now thinks of the wall as a uncommon luxurious and considers it a promoting level for an equally personal purchaser. An array of dense landscaping gives additional seclusion.

Previous the doorway gates, limestone steps coated by a Romanesque portico result in the entrance door, which opens to a 24-foot-high lobby surrounded by floor-to-ceiling home windows. A effervescent fountain, round heated spa, the pool and 345 toes of open bay are in view past.

To the correct of the lobby is a grand salon and a clubroom with a full-service bar, billiards desk, and several other TV screens. The expansive home is stuffed with hardwood millwork and hand-polished Venetian plaster. The home additionally features a wine cellar, health club, movie show, in-law suite, outside kitchen and two three-car garages.

“You’ll suppose with a home that’s this massive, you’d simply get misplaced in it,” Mr. Homosexual mentioned. “However with the combined scale of the rooms, it’s not like the whole lot is so formal and segregated. It’s undoubtedly not an off-the-cuff home, nevertheless it’s very livable.”

Positioned within the largely residential Davis Islands, Mr. Jeter’s mansion has not solely elevated market worth within the space but additionally began a pattern, in line with Robert Glaser, president and chief govt of Smith & Associates Actual Property. The neighborhood has garnered extra curiosity from patrons seeking to dismantle older, current properties in favor of constructing bigger properties. Simply final yr, Darcie Glazer Kassewitz, a co-owner of the Tampa Bay Buccaneers, bought two adjacent properties, one a dust lot, one other a home, for a reported $16 million.

Mr. Homosexual described Davis Islands as a personal oasis in the course of town. Mr. Jeter echoed the sentiment in a press release: “Davis Islands supplied a quiet, secure and pleasant way of life that we’ll all the time cherish.”

Mr. Jeter just lately rented the home to his longtime good friend, Tom Brady, who made his debut on Sunday as quarterback for the Tampa Bay Buccaneers. Mr. Brady and his spouse, Gisele Bündchen, rented the palatial home from the Jeters understanding that they deliberate to promote the property.

“Tom and Derek negotiated favorable phrases within the lease settlement so the Jeters may listing, market, present and promote the property on the market,” Mr. Homosexual mentioned. In different phrases, any house excursions with potential patrons won’t embrace a meet-and-greet with the Brady household.

As for whether or not it is going to be laborious to promote the larger-than-life property — particularly throughout a pandemic — Mr. Homosexual and Mr. Glaser aren’t anxious. Tampa is a vendor’s market proper now, as many northerners are moving to Florida the place housing is cheaper and residents don’t should pay state earnings or property taxes.

“Tampa isn’t an space with a lot of trophy properties,” Mr. Glaser mentioned, however “after they do grow to be obtainable, there’s a whole lot of curiosity.”

For weekly e mail updates on residential actual property information, sign up here. Observe us on Twitter: @nytrealestate.

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