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Active · Single Family

518 RIVERSIDE DRIVE

TARPON SPRINGS, FL 34689

Beds
8 beds
Baths
8 baths
Area
7,886 sqft
Single FamilyBuilt 199998,219 sqft lot6-car garageCentral, PropaneCentral AirPoolFireplace$355/sqft593 days on market

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.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$17,529/mo
Principal & interest
$14,158/mo
Property tax
$3,171/mo
Home insurance
$200/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 2023 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.

DateEventPriceChange
Aug 7, 2026Price reduced$2,800,000−$199,950
Jan 2, 2025Listed$2,999,950

Neighbourhood

The schools below come from the MLS record for this home. Walking, transit and cycling figures for TARPON SPRINGS, FL are not connected yet, so this page does not show them.

Elementary school
Tarpon Springs Elementary-PN
Assigned school from the MLS record
Middle school
Tarpon Springs Middle-PN
Assigned school from the MLS record
High school
Tarpon Springs High-PN
Assigned school from the MLS record

Location