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Sunday, Jun 17, 2018
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Jeter's house adds sparkle, value to Tampa inventory

TAMPA - At roughly the size of a Best Buy, the seven-bedroom, nine-bathroom Davis Islands mansion owned by New York Yankees star Derek Jeter makes Tampa seem more luxurious. Appearing for the first time on property tax rolls this year, the 30,000-plus square-foot abode is valued at $12.3 million. But overall in South Tampa and Hillsborough County, the number of million-dollar homes has continued a downward trend. There are 5 percent fewer million-dollar homes on this year's property tax rolls than in 2011, following a trend since property values began plummeting in 2007.
In South Tampa, meanwhile, there are 1 percent fewer million-dollar homes than in 2011. About three-quarters of the county's million-dollar homes are in South Tampa. There are 1,068 million-dollar homes countywide, with 742 in South Tampa. There are only about half as many million-dollar homes as there were at the height of the market. In 2007, there were 2,314 homes countywide assessed by the Hillsborough County Property Appraiser's Office at $1 million or more — including 1,341 in South Tampa. There haven't been so few million-dollar Hillsborough County homes since 2004 — when the real estate market began to boom. Five years ago, the typical million-dollar Hillsborough County home was appraised at $1.7 million, and the typical million-dollar South Tampa home was appraised at $1.8 million. Now the average homes are appraised at roughly $1.5 million countywide and in South Tampa. Nine of the county's 10 most valuable single-family homes are in South Tampa. Jeter's home on Bahama Circle is by far the county's most expensive. It is worth nearly twice as much as any other home. Mark and Christel Yaffe's Avila home is the second-most valuable, at $6.3 million. It was worth $300,000 more last year. Other South Tampa celebrities whose property values are in the top 25 include Bryan Glazer ($5.7 million), David Straz ($4.6 million), Jeffrey Vinik ($4.6 million), Joan Steinbrenner ($3.7 million) and Joel Glazer ($3.7 million).

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