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$2,800,000 Just Listed
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Property Description
Build your dream home on this beautiful, vacant waterfront lot in one of South Tampa's greatest neighborhoods! Located in the quiet, upscale Beach Park / Bayshore Estates neighborhood. Must see this amazing canal location just a few lots down from the open waters of Tampa Bay, and the Gulf of Mexico beyond. 80 feet of water frontage facing west. Top rated schools, shopping, restaurants and nearby access to Westshore Blvd, Kennedy Blvd and I-275. Short drive to Tampa International Airport, West Shore Business District, downtown Tampa, Raymond James Stadium, MacDill Air Force Base, St. Pete and Clearwater. Don't miss out on building your dream home at this incredible location. Lot is vacant. Home has been torn down.
Full Property Details
Full Property Details for 5123 W Neptune Way
General
- Price: $2,800,000
- Taxes: $20,557 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8465655
- Updated: 1/17/2026
- Added to Site: 2 day(s) ago
Location
- Area: 33609 - Tampa / Palma Ceia
- County: Hillsborough
- Development Name: 33609 - Tampa / Palma Ceia
- Subdivision: BAYSHORE ESTATES
- Driving Directions: Head south on West Shore from Kennedy. Turn right on W Neptune way and follow it around to the address. The property will be on your right.
- Direction Faces: East
School Information
- Elementary School: Grady-HB
- Middle School: Coleman-HB
- High School: Plant-HB
Community
- Community Name: 33609 - Tampa / Palma Ceia
Utilities
- Sewer: Public Sewer
- Water District: OLD TAMPA BAY, CULBREATH BAYOU
- Water: Public
- Utility Description: Cable TV Available, Electricity Available, Public, Sewer Available, Water Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Property View: Water
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,640
- Lot Size: 12640
- Lot Dimensions: 80 x 158
- Frontage: City Street
- Street/Road Desc.: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Bay/Harbor, Canal - Saltwater, Gulf/Ocean
- Water Extras: Yes
- Water Front Name: OLD TAMPA BAY, CULBREATH BAYOU
- Water Front Desc.: Canal Front
Financial Considerations
- Price Per Acre: $9,655,172
- Assoc Fee Desc.: None
- Tax Amount: $20,557
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: BAYSHORE ESTATES LOT 3 BLOCK 1
- Flood Zone Info: AE
- APN: A2029183LB00000100003.0
- Property ID: A2029183LB00000100003.0
- Block/Lot/Section: 1
Listed by Bhhs Florida Properties Group
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Schools
Schools serving 5123 W Neptune Way
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Grady Elementary School 3910 West Morrison Avenue, Tampa, FL 33629 | PK-5 | 1.4 mi |
Coleman Middle School 1724 South Manhattan Avenue, Tampa, FL 33629 | 6-8 | 1.1 mi |
Plant High School 2415 South Himes Avenue, Tampa, FL 33629 | 9-12 | 2 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 5123 W Neptune Way
Date
Details
Price
Change
Source
1/16/2026
Listed
$2,800,000
—
MLS
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 5123 W Neptune Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,786
-43%
$622,105
-44%
2024
$20,557
2%
$1,107,451
3%
2023
$20,101
3%
$1,075,195
6%
2021
$19,423
-1%
$1,013,475
-3%
2022
$19,617
1%
$1,043,879
4%
2021
$19,423
2%
$999,482
2%
2019
$18,976
1%
$977,011
2%
2018
$18,790
2%
$954,212
3%
2017
$18,447
48%
$928,583
45%
2016
$12,464
—
$641,479
1%
2015
$12,523
1%
$637,020
1%
2014
$12,423
—
$631,964
1%
2013
$12,458
—
$622,625
—
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 5123 W Neptune Way
5123 W Neptune Way, Tampa, FL 33609 (MLS# TB8465655) is a Lots/Land property with a lot size of 0.29 acres. 5123 W Neptune Way is currently listed for $2,800,000 and was received on January 16, 2026. Want to learn more about 5123 W Neptune Way? Do you have questions about finding other Lots/Land 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.

