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$5,500,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 6,996 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 5023 W Leona St

General

  • Price: $5,500,000
  • Taxes: $6,959 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8554417
  • Updated: 10/2/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Min. Lease: 1-7 Days

Interior

  • Number of Rooms: 10
  • Interior Features: Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Eating Space In Kitchen, Elevator, High Ceilings, Kitchen and Family Room Combination, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
  • Fireplace: Yes
  • Fireplace(s): Living Room
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Wine Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Carpet, Porcelain Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside, Laundry Room, Upper Level

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Gunite, Heated, In Ground, Lighting, Salt Water
  • Spa: Yes
  • Spa Description: Heated, In Ground

Exterior

  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard, Sliding Doors
  • Deck/Patio: Covered, Front Porch, Patio, Porch, Rear Porch
  • Porch/Patio/Deck: Covered, Front Porch, Patio, Porch, Rear Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 8
  • Covered Spaces: 8
  • Parking Features: Driveway, Garage Door Opener, Ground Level, Off Street, On Street, Under Building

Location

  • Area: 33629 - Tampa / Palma Ceia
  • County: Hillsborough
  • Development Name: 33629 - Tampa / Palma Ceia
  • Subdivision: MADSEN ISLES
  • Driving Directions: Heading S on Westshore Blvd, turn right onto W Leona St, property is on the right
  • Direction Faces: South

School Information

  • Elementary School: Dale Mabry Elementary-HB
  • Middle School: Coleman-HB
  • High School: Plant-HB

Community

  • Community Name: 33629 - Tampa / Palma Ceia

Heating & Cooling

  • Cooling Type: Central Air, Zoned
  • Heating Type: Central, Heat Pump, Zoned

Utilities

  • Sewer: Public Sewer
  • Water District: GUN BRANCH
  • Water: Public
  • Utility Description: BB/HS Internet Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Structural Information

  • Architectural Info: Contemporary
  • Architectural Style: Contemporary
  • Builder: Modesta Homes LLC
  • Exterior Const.: Block, Stucco
  • Roof: Shingle
  • Windows: Aluminum Frames, Double Pane Windows, Low-Emissivity Windows, Storm Window(s)
  • Stories/Levels: Three Or More
  • Square Feet: 6,996
  • Sq. Ft. Source: Builder
  • Year Built: 2025

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,155
  • Lot Size: 8155
  • Lot Dimensions: 100 x 81.55
  • Frontage: Street Dead-End, Street Paved
  • Street/Road Desc.: Paved
  • Fencing (Description): Fenced

Water Features

  • Water View: Yes
  • Water Front Name: GUN BRANCH

Financial Considerations

  • Tax Amount: $6,959.09
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: MADSEN ISLES LOT 2
  • Flood Zone Info: AE
  • APN: A322918D0400000000002.0
  • Property ID: A322918D0400000000002.0

Listed by Smith & Associates Real Estate

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Listing agents

— 5023 W Leona St —

  • Smith & Associates Real Estate

  • Smith & Associates Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5023 W Leona St

School District:Hillsborough County School District
NameGradesDistance
Mabry Elementary School
4201 West Estrella Street, Tampa, FL 33629
PK-51.3 mi
Coleman Middle School
1724 South Manhattan Avenue, Tampa, FL 33629
6-81.1 mi
Plant High School
2415 South Himes Avenue, Tampa, FL 33629
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5023 W Leona St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/02/2026
Listed
$5,500,000
340%
MLS
2/09/2024
Sold
$1,250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5023 W Leona St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,959
6%
$350,710
—
2024
$6,545
10%
$350,710
13%
2023
$5,950
—
$309,935
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Smith & Associates Real Estate

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5023 W Leona Street, Tampa, FL 33629 (MLS# TB8554417) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 5023 W Leona Street is currently listed for $5,500,000 and was received on October 02, 2026. Want to learn more about 5023 W Leona Street? Do you have questions about finding other Single Family real estate for sale in Palma Ceia? You can browse all Palma Ceia real estate or contact a Coldwell Banker agent to request more information.

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