Active518 RIVERSIDE DRIVE
TARPON SPRINGS, FL 34689
About this home
WATERFRONT PROPERTY PRIME LOCATION WITH DIRECT WATER ACCESS TO GULF OF MEXICO - Welcome to 518 - 504 Riverside Drive, an exceptional executive estate that spans over 2+ acres of pristine property sitting 30 FEET ABOVE SEA LEVEL. Enclosed by a solid concrete wall for unmatched security and privacy, this compound features two magnificent homes, perfectly situated atop the scenic Kraemer Bayou. With no flood zone concerns and no HOA, this property offers both peace of mind and freedom. The main residence boasts 4 bedrooms, 3 full baths, and a half bath. Enjoy breathtaking bayou views from the elegant dining room, spacious family room, and expansive office. Every detail of this home reflects sophistication and comfort. The guest house is an entertainer’s dream, featuring a sprawling living and entertainment area complete with a sunken wet bar and a commercial-style kitchen. With 4 bedrooms, 3.5 baths, and additional living quarters in the basement, the guest house is perfect for hosting family and friends. Recent updates include new laminate flooring and fresh paint throughout. Water enthusiasts will love the newly updated dock, complete with Trex decking, a 10,000-lb lift, power, and water, providing direct access to the Gulf. Enjoy inshore fishing from your dock or jump in a fishing kayak and fish the beatiful mangroves that lead right out to the Gulf, or maybe enjoy some tubing with the Jet Skis.The resort-style backyard is a true paradise, featuring an infinity pool overlooking the bayou, a newly built party gazebo equipped with natural gas and water along with a fully functional outdoor kitchen. Enjoy the detached swim spa with an air-conditioned workout facility and shower stall. The meticulously re-landscaped grounds include a sand volleyball court for added fun and recreation. Additional highlights include a whole-property 30,000 kW generator, automatic hurricane shutters, and 6 garage spaces accessed via two remote-controlled gates leading to a private courtyard. Located in the charming and world-famous town of Tarpon Springs, featuring some of the finest Greek Restaurants around. This quaint town has so much to offer with antique shops and local breweries along with many art and music festivals happening on any given weekend. The world famous Epiphany celebration takes place here in Tarpon Springs. Elementary/Middle and High Schools are very close by for convenience.We have 3 amazing beaches very close by along with Clearwater only 15 minutes away. Within 30 minutes of Tampa and St Pete Airports. The property is minutes away from the Pinellas trail where biking and walking will connect you to several other small downtown areas such as Palm Harbor and Dunedin. SIGNIFICANT PRICE ADJUSTMENT
Facts & features
Interior
- Bedrooms
- 8
- Bathrooms
- 8
- Living area
- 7,886 sqft
- Heating
- Central, Propane
- Cooling
- Central Air
- Flooring
- Carpet, Ceramic Tile, Laminate, Wood
- Fireplace
- Yes
- Stories
- 3
- Features
- Crown Molding, Dry Bar, Dumbwaiter, Open Floorplan, Sauna, Stone Counters…
- Appliances
- Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal…
Exterior & lot
- Lot size
- 98,219 sqft (2.25 ac)
- Pool
- Yes
- Waterfront
- Yes
- Roof
- Slate
- Construction
- Block, Stucco, Frame
- Exterior
- Courtyard, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Kitchen…
Parking
- Garage
- 6 spaces
Financial
- Annual tax
- $38,050 (2023)
- Price / sqft
- $355/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Electricity Available, Public, Sewer Available, Water Available
Property
- Property type
- Single Family
- Year built
- 1999
- Subdivision
- SUNSET HILLS
- County
- Pinellas
Assigned schools
- Elementary
- Tarpon Springs Elementary-PN
- Middle
- Tarpon Springs Middle-PN
- High
- Tarpon Springs High-PN
Listing
- Status
- Active
- Days on market
- 581 days
- MLS #
- MFR740605415
- Source
- Stellar MLS
Listed by Curt Chandler · IMPACT REALTY TAMPA BAY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 28 comparable sales within 2 miles of TARPON SPRINGS, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $14,158/mo
- Property tax
- $3,171/mo
- Home insurance
- $0/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 7, 2026 | Price reduced | $2,800,000 | −$199,950 |
| Jan 2, 2025 | Listed | $2,999,950 | — |
NeighbourhoodSample data
Reference scores for TARPON SPRINGS, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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