The national inflation rate has risen to 8.6% year-over-year, and in Tampa, that figure currently stands at an even higher 11.3%. These numbers are attracting real estate investors from around the world to purchase in a location that was passed over prior to the pandemic: Tampa, Florida.

Now, potential homeowners and/or investors have an extremely rare chance to snag one of the hottest pieces of real estate in Florida – and maybe anyone’s last chance to buy one of these exclusive homes for under $10 million.

Bayshore Blvd. is quickly becoming known as Billionaire’s Boulevard. as this iconic street in Tampa tops the list of desirables in the real estate market. Tampa itself is one of the hottest real estate markets in the US, and local realtors are abuzz at the news of this historic renovated residence in Hyde Park becoming available. Listings like this rarely happen – and it could be years before another home in Hyde Park on Bayshore Boulevard opens up, as homes here are often passed down from generation to generation rather than ever being listed for sale.

The 4,581 ft.² house, located at 1115 Bayshore Blvd., was built in 1912 and went through an extensive renovation designed by the late Thomas Lamb. It was occupied by a famous entrepreneur and world-famous chef/restaurateur/TV personality. The listing is being handled by the KVA Group with Keller Williams Tampa Central, a group that specializes in exclusive waterfront properties in the Tampa area. KVA Group, founded by Kamilla Altunyan and co-owned by her business partner Ally Russell, is offering a rare opportunity to live on an iconic street, in a coveted neighborhood, in a city that is thriving.

“Tampa is booming,” Kamilla confirms. “Whether it is for our wonderful weather, our low cost of living and taxes, our gorgeous beaches, or our business-friendly climate, people are flocking here from around the country and abroad. As many real estate investors are discovering, Tampa is the place to be.”

At the center of South Tampa is Hyde Park, an affluent neighborhood graced with 19th-century architecture, tree-lined streets, upscale restaurants and shops, and glittering views of the bay. Hyde Park Village is always filled with activities to do, from dining, shopping, cooking classes, outdoor yoga classes, or the monthly farmers market. Kamilla says that Hyde Park is as social – or as private – as its affluent residents want it to be.

“The Hyde Park neighborhood is very relaxed, yet timeless, that attracts its residents and guests,” she believes. “This home’s location on such an iconic street makes it that much more desirable. That’s why our listing represents such an amazing opportunity – when someone buys a residence here, they tend to hold onto it because of how enjoyable Hyde Park really is.”

She goes on to describe the hierarchy of desirability in the Tampa Bay area – Tampa is highly desirable, but Hyde Park is like the inner circle – and Bayshore Blvd. in particular is the crown jewel: “Each property is significant and magnificent in its own right. And any direction here is an indicator of true wealth, success and exclusivity.”

The Bayshore Blvd. residence is a classic blue-and-white, three-story home that blends in well with the lush surrounding greenery. The main house has 5 bedrooms/5.5 baths while the guest house has 800 ft.² and 1 bedroom/2 baths. 

Visitors first notice the stunning front porch, which faces the bay across the street and is the perfect place for rocking chairs and a cold drink. Complete with ceiling fans, it invites guests to linger, take in views of the sparkling bay, people-watch as residents exercise or walk along bayshore, or enjoy entertainment and events such as Tampa’s yearly Gasparilla Pirate Festival.

“The front porch is one of my favorite places,” Ally agrees. “There is no way you can’t stop for a few minutes and just contemplate how beautiful the view is.”

Inside, the design and influence of the late Thomas Lamb are readily apparent. The home is bright and airy, with floor-to-ceiling windows that give panoramic views of the bay. With every state-of-the-art luxury and amenity for the most discerning buyer, this fully renovated home has it all. 

“Personally, I have two favorite rooms,” Ally says. “The kitchen and the upstairs his/her bathroom. They have to be seen to be believed.”

The coveted sub-zero Thermador chef’s kitchen is a classic white and has all the cupboard space any chef could ever want. While the solid quartzite countertops and backsplash are a big draw, its large island is the real focus. It has been the scene of many lavish meals, including those prepared by world-renowned Chef Geoffrey Zakarian. 

“Do not overlook the entertainer’s bar and walk-in, climate-controlled wine cellar,” Ally adds. “Both are essential if you like to host guests for an evening of fun and good conversation.”

The second floor reveals more jewels, including a luxurious, spa-like owner’s retreat that features a free-standing tub complete with views of the bay through a two-sided fireplace. Owners can enjoy a dual-head “rain” steam shower with marble siding as well as walls of built-in closets and dual vanities.

“If you have family visiting or would like to have friends stay over, the home also has two ensuite bedrooms for guests. They will love the large, airy landing that comes with a built-in desk, window seat, and refreshment area,” says Kamilla. “There is a convenient second-floor laundry, so they will feel right at home. The residence also comes with bonus space: a fourth bedroom and bath on the third floor.”

While the house retains all of its 1912 charm, its upgrades include oversized Jeldwen windows and doors, a smartphone-controlled CAT-4 entertainment system with speakers throughout the interior and exterior of the home, gleaming hardwood floors, mosquito system, a new electrical system, plumbing, HVAC, roof, full-home water filtration, three fireplaces, and much more.

“While you may be tempted to stay indoors, don’t forget to look in the backyard. That’s where you will find some real treasures, including a custom pool and spa, a soothing waterfall, and exquisite landscaping and greenspace,” Ally reveals. “There is also a two-car garage, perfect for storing your convertible when you are not driving up and down Florida’s coastline.” 

Kamilla believes that 1115 Bayshore Blvd. truly is a fabulous property. “The view, the architectural style, and the upgrades all mean you will live very comfortably and in an incredible neighborhood in Tampa. We cannot wait to show you this stately residence so that you can experience for yourself its magic, but be sure to act quickly. Properties on Bayshore aren’t listed very often, so this is an opportunity to jump on.”

KVA Group with Keller Williams Tampa Central is composed of some of the most highly regarded agents in the Tampa Bay market. Its passion and commitment to its clients is its driving force every day. From starting the conversation to sealing the deal, team members are committed to earning—and keeping—your trust. 

For more information about 1115 Bayshore Blvd. in Hyde Park, Tampa, or to learn about other upscale properties, please contact us at [email protected].