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$1,250,000
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Property Description
Prime Opportunity on Davis Island to Build Your Dream Home. 503 Severn Avenue presents a rare chance to own a premier corner lot in one of Tampa Bay's most sought-after communities. Just minutes from Downtown Tampa, yet nestled in the heart of a laid-back and welcoming island, this property offers the perfect setting for the custom home you have always dreamed of. With more than ¼ acre of land, there's ample space to design a luxury home that fits your lifestyle. The existing structure suffered significant hurricane damage in 2024 and is being sold as a tear-down, with value placed entirely in the land. Bring your architect, builder, and vision - this is an opportunity to create something extraordinary in an exceptional location. Why Davis Island? Life here is the best of both worlds: a relaxed, coastal island atmosphere combined with easy access to world-class city amenities. Enjoy strolls along tree-lined streets to waterfront parks, playgrounds, tennis courts, dog parks, and the sandy Davis Islands Beach. Boating enthusiasts will appreciate proximity to both the private Davis Islands Yacht Club and the public Marjorie Park Yacht Basin, with slips accommodating vessels up to 95 feet. The island is also home to Peter O. Knight Airport and is just minutes from Tampa General Hospital, Amalie Arena, the Riverwalk, top-rated schools, and Tampa International Airport. Davis Islands isn't just a location - it's a lifestyle and a community. Whether you envision a modern estate or a timeless island retreat, 503 Severn Avenue is the foundation to make it a reality. Also listed as a Redevelopment Residential Property under MLS TB8430256
Full Property Details
Full Property Details for 503 Severn Ave
General
- Price: $1,250,000
- Taxes: $10,641 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8430262
- Updated: 9/28/2025
- Added to Site: 111 day(s) ago
Location
- Area: 33606 - Tampa / Davis Island/University of Tampa
- County: Hillsborough
- Development Name: 33606 - Tampa / Davis Island/University of Tampa
- Subdivision: BYARS THOMPSON ADD DAVIS
- Driving Directions: From Davis Blvd turn east on Martinique to property at NE corner of Severn Ave.
- Direction Faces: West
School Information
- Elementary School: Gorrie-HB
- Middle School: Wilson-HB
- High School: Plant-HB
Community
- Community Name: 33606 - Tampa / Davis Island/University of Tampa
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Natural Gas Available, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,396
- Lot Size: 11396
- Lot Dimensions: 103.6 x 110
- Frontage: Street Lights, Street Paved, City Street
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Price Per Acre: $4,807,692
- Tax Amount: $10,641.83
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: BYARS THOMPSON ADDITION DAVIS ISLAND LOT 1 LESS NWLY 7 FT BLOCK 3
- Flood Zone Info: AE
- APN: A36291850I00000300001.0
- Property ID: A36291850I00000300001.0
- Block/Lot/Section: 3
Listed by Lpt Realty, Llc
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Schools
Schools serving 503 Severn Ave
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Gorrie Elementary School 705 West De Leon Street, Tampa, FL 33606 | K-5 | 1.8 mi |
Wilson Middle School 1005 West Swann Avenue, Tampa, FL 33606 | 6-8 | 1.7 mi |
Plant High School 2415 South Himes Avenue, Tampa, FL 33629 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 Severn Ave
Date
Details
Price
Change
Source
9/28/2025
Listed
$1,250,000
107.64%
MLS
12/30/2016
Sold
$602,000
—
Public Record
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
Tax History for 503 Severn Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,336
-22%
$453,244
-23%
2024
$10,642
2%
$591,785
3%
2023
$10,394
4%
$574,549
6%
2021
$10,022
-1%
$541,568
-3%
2022
$10,133
1%
$557,815
5%
2021
$10,022
3%
$531,736
2%
2019
$9,717
1%
$519,781
2%
2018
$9,655
-6%
$510,089
5%
2017
$10,227
118%
$486,676
87%
2016
$4,683
1%
$260,482
1%
2015
$4,656
2%
$258,671
1%
2014
$4,568
—
$256,618
1%
2013
$4,576
—
$252,826
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 Severn Ave
503 Severn Avenue, Tampa, FL 33606 (MLS# TB8430262) is a Lots/Land property with a lot size of 0.26 acres. 503 Severn Avenue is currently listed for $1,250,000 and was received on September 28, 2025. Want to learn more about 503 Severn Avenue? Do you have questions about finding other Lots/Land real estate for sale in Davis Islands? You can browse all Davis Islands real estate or contact a Coldwell Banker agent to request more information.

