South Tampa › Madsen Isles

5023 W Leona St

Tampa, FL 33629
$5,500,000
5 bed5.5 bath6,996 sqftSingle-family home · built 2025

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 100% of single-family homes sold in South Tampa
2,843 single-family home sales · Jan 2024 - Oct 2026
Price
The seller has not permitted automated price comparisons
Standout feature
A garage for 3 or more cars: 18% of single-family homes listed in South Tampa have one
875 single-family home listings · Mar 2008 - Oct 2026
Age
Newer than 94% of single-family homes in South Tampa
4,552 homes · Oct 2005 - Oct 2026
Compared against 40 similar homes sold within 1.69 mi.

About this property

The last off-water residence available in Madsen Isles, an exclusive eight-home South Tampa enclave with brick-paver streets, underground utilities and a quiet cul-de-sac setting. Developed by Modesta Homes and just completed, this coastal modern residence offers nearly 7,000 square feet of elevated living, open-water views from a private rooftop terrace, a four-stop elevator and an extraordinary eight-car garage. The scale is immediately apparent, with a dramatic 24-foot great room and foyer, 10-foot impact sliding glass doors and wide-plank brushed white oak flooring. A soaring tiled fireplace wall with a 360-degree floating fireplace creates a striking architectural focal point, while Level 5 drywall, 8-foot solid-core doors and custom lighting reflect the quality of finish throughout. The kitchen is distinctly custom, featuring built-to-order Luxor European frameless cabinetry that combines high-gloss finishes and natural walnut, dual islands wrapped in book-matched quartz waterfalls and a complete Sub-Zero and Wolf appliance package. A walnut butler's pantry extends the kitchen and provides additional space for entertaining. Designed for both large-scale entertaining and everyday living, the home includes a three-row theater with a 120-inch 4K screen, a temperature-controlled wine room, a bar and lounge, a private office, and a second-floor loft. The main living spaces open to a covered terrace with an outdoor kitchen overlooking the pool, sun decks, floating spa and fireplace. Above, the private rooftop terrace captures open-water views and creates another exceptional outdoor living space. The approximately 650-square-foot primary suite features a private balcony, nearly 400 square feet of separate closets and a spa-inspired bath with a 71-inch vessel soaking tub and dual rainfall showers. Four additional bedrooms complete the five-bedroom, five-and-one-half-bath layout. Equally considered behind the walls, the home was constructed for Florida living with masonry block on pilings, 8-inch core-filled walls, impact-rated windows and doors, spray-foam insulation and a TPO roof. A certified FEMA elevation certificate places the living floor and A/C equipment at 17.6 feet NAVD, an extra 6.6 feet above base flood elevation. Four-zone HVAC, 350-amp electrical service, tankless recirculating hot water and pre-wired security complete the systems. A rare combination of architectural scale, custom construction and resort-style living within one of South Tampa's most intimate new enclaves. Builder and manufacturer warranties transfer to the buyer at closing.

Property details

Year built2025
Lot size0.19 ac
HOANot stated
Parking8-car
Days on market12
MLS#TB8554417
BalconyLightingOutdoor grillOutdoor kitchenPrivate yardBuilt-in features
All features →
  • Balcony
  • Lighting
  • Outdoor grill
  • Outdoor kitchen
  • Private yard
  • Built-in features
  • Ceiling fans
  • Coffered ceilings
  • Eat-in kitchen
  • Elevator
  • High ceilings
  • Open floorplan
  • Primary bedroom upstairs
  • Solid surface counters
  • Solid wood cabinets
  • Tray ceilings
  • Walk-in closets
  • Wet bar
  • Built-in oven
  • Convection oven
  • Cooktop
  • Dishwasher
  • Disposal
  • Gas water heater
  • Microwave
  • Range hood
  • Refrigerator
  • Tankless water heater
  • Wine refrigerator
  • Carpet flooring
  • Tile flooring
  • Wood flooring
  • Water view
  • Central air conditioning
  • Zoned cooling
  • Central heating
  • Heat pump heating
  • Zoned heating
  • Shingle roof
  • Slab foundation
  • Block construction
  • Stucco construction
  • Three-or-more stories
  • Inside laundry
  • Laundry room
  • Upstairs laundry
  • Broadband internet available
  • Electricity connected
  • Natural gas connected
  • Sewer connected
  • Water connected
  • Private pool
  • Garage
  • Fireplace
  • New construction
  • Quartz countertops

The market for homes like this

Single-family homes with 5 or more bedrooms in South Tampa
i
Median sold price$2,045,000219 sales · last 12 months
Median price per sq ft$496219 sales · last 12 months
Median rent$3,000/mo374 leases · last 12 months
Median days to lease38374 leases · last 12 months

South Tampa, as its listings describe it

What agents stated on listings, 2005 – 2026i
Community pool59%of 1,502 listings
HOA fee, median$563/moof 724 listings
Has an association40%of 2,906 listings
Pets allowed85%of 3,453 listings
Minimum lease, most commonNo Minimum52% of 1,909 listings · next: 1–2 Years
Lease restrictions41%of 1,908 listings
Association approval required50%of 1,175 listings
Private pool18%of 4,285 listings
Gated33%of 1,502 listings
Public water · sewer99% · 99%of 2,318 · 2,458 listings
Flood zone (A or V)49%of 2,375 listings
55+ communityNo99% of 2,921 listings · next: Yes
Homestead share69%of 28,583 homes · county tax roll
Also stated: waterfront 6% of 2,948 listings; CDD 1% of 2,032.

Price and time on market

This listing against homes like iti
Price per sq ft
The seller has not permitted automated price comparisons
Time on market
The seller has not permitted automated comparisons
Price history
Listed at $5,500,000 since Oct. 2, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$6,959 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $84,000/yr homesteaded, $84,900/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$166/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
$79/mo at 5,000 gallons
Typical: the provider's published schedule at 5,000 gallons a month on a standard residential meter
THE NEIGHBORHOOD

Living in South Tampa

City of Tampa · Hillsborough County · ZIP 33629 · Flood zone AE
Explore South Tampa →
Homes28,583residential parcels
Median sold price$690,0001,627 sales · last 12 months
Vs. the prior year+7.8%1,627 sales this year · 1,423 sales the prior year
Median rent$2,650/mo910 leases · last 12 months
Homes that changed hands6%1,627 sales of 28,583 homes
Homestead share69%of 28,583 homes · county tax roll
Single-family homes in South Tampa, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months1,052$800,000$3,000/mo374 leases
2 bed74$367,500$2,000/mo41 leases
3 bed428$530,000$2,900/mo227 leases
4 bed331$1,010,000$4,150/mo86 leases
5+ bed · this home219$2,045,000—
All single-family homes · 24 months2,075$740,000$3,000/mo684 leases
Median price

South Tampa homes sold for a median of $690,000 in the 12 months to Oct. 11, 2026.

1,627 sales
Price trend

That's 7.8% above the median for the 12 months before, $640,000.

1,627 sales this year · 1,423 sales the prior year
What's selling

Single-family detached homes made up 1,052 of the 1,627 sales in the same 12 months, at a median of $800,000.

1,052 of 1,627 sales
The South Tampa record: homes, prices, rents, communities and listings →

Location

5023 W LEONA ST, TAMPA, FL 33629

Nearby homes for sale in Tampa

Based on information from Stellar MLS® for the period July 25, 2005 through October 11, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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