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$4,995,000
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Property Description
The First Crescent Homes Renovation Offering | One-Story Waterfront | Beach Park . 5129 West Neptune Way represents a rare and important offering within the Crescent Homes portfolio-the first full-scale Crescent Homes renovation to come to market, and a unique opportunity to own a single-story waterfront estate in Beach Park rebuilt entirely from the foundation in 2022. Situated on 100 feet of protected saltwater canal frontage, this contemporary residence combines the character of an established waterfront property with the structural integrity, engineering, and design standards typically reserved for Crescent Homes' $7M+ custom builds. This was not a cosmetic remodel. The home was fully reconstructed from the foundation, with systems, structure, and finishes rebuilt to current building standards. The result is a residence that lives like new construction while maintaining the scale and privacy of a mature Beach Park waterfront property. The 4,325-square-foot single-level floor plan delivers a rare living experience in South Tampa-offering four private bedroom suites with ensuite baths, a dedicated office, expansive living and dining spaces, and seamless transitions to the outdoor waterfront entertaining areas. At the heart of the home, a chef-level kitchen features Gaggenau appliances, gas range, espresso station, custom cabinetry, and a dry bar with integrated beverage refrigeration, designed for both daily living and large-scale entertaining. Technology and infrastructure rival those of newly built luxury homes. The residence is equipped with a full Control4 automation system, Lutron lighting, automated Palladiom shades, whole-home audio, and advanced security, allowing seamless control of lighting, climate, music, and outdoor features from anywhere. Energy efficiency and resilience were equally prioritized. The home includes owned solar panels, a Generac whole-home generator, three HVAC systems across six climate zones, whole-home filtration with reverse osmosis systems, and hurricane-rated impact windows throughout. The waterfront experience is equally impressive. A new seawall installed in 2022, over 1,100 square feet of covered dock space, and two boat lifts (10,000-lb and 15,000-lb) make this an ideal property for serious boaters with quick access to Tampa Bay. Outdoor living was designed as a natural extension of the interior, featuring a saltwater pool and spa with in-floor cleaning system, Lynx outdoor kitchen, gas fire pit at the dock, automated mosquito system, outdoor shower, and fully turfed grounds for low-maintenance waterfront living. Importantly, this property has never flooded, offering peace of mind alongside its waterfront lifestyle. Located within the coveted Grady, Coleman, and Plant High School district, and minutes from Bayshore Boulevard, Tampa International Airport, Midtown, and Downtown Tampa, the property delivers both privacy and accessibility. Single-story waterfront homes of this caliber in Beach Park are exceptionally rare. A Crescent Homes renovation executed to this standard is rarer still. Built for You. Built to Last. Schedule your private showing today.
Full Property Details
Full Property Details for 5129 W Neptune Way
General
- Price: $4,995,000
- Taxes: $52,217 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8434175
- Updated: 3/4/2026
- Added to Site: 148 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 9
- Interior Features: Built-in Features, Central Vacuum, Dry Bar, Eating Space In Kitchen, High Ceilings, Kitchen and Family Room Combination, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System, Water Softener, Whole House R.O. System
- Flooring: Carpet, Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Auto Cleaner, Gunite, Heated, In Ground, Lighting, Outside Bath Access, Salt Water, Self Cleaning, Solar Heat
- Spa: Yes
- Spa Description: Heated, In Ground
- Security/Safety: Security Fencing/Lighting/Alarms, Security Gate, Security Lights, Security System
Exterior
- Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Sliding Doors
- Deck/Patio: Covered, Patio, Porch, Rear Porch
- Porch/Patio/Deck: Covered, Patio, Porch, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Driveway, Garage Door Opener, Off Street, On Street, Oversized, Workshop in Garage
Location
- Area: 33609 - Tampa / Palma Ceia
- County: Hillsborough
- Development Name: 33609 - Tampa / Palma Ceia
- Subdivision: BEACH PARK
- Driving Directions: 275 S, Exit 40A Westshore Blvd, South on Westshore Blvd, Right on Neptune Way, Left on Neptune Way house is on the left.
- Direction Faces: East
School Information
- Elementary School: Grady-HB
- Middle School: Coleman-HB
- High School: Plant-HB
Community
- Community Name: 33609 - Tampa / Palma Ceia
Heating & Cooling
- Cooling Type: Central Air, Zoned
- Heating Type: Central, Zoned
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Solar, Street Lights, Underground Utilities, Water Connected
Structural Information
- Architectural Info: Contemporary, Custom, Mid-Century Modern
- Architectural Style: Contemporary, Custom, Mid-Century Modern
- Exterior Const.: Block, Stucco
- Roof: Membrane, Tile
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Shades
- Stories/Levels: One
- Square Feet: 4,325
- Sq. Ft. Source: Builder
- Year Built: 2002
Additional Structures
- Other Structures: Storage
Lot Features
- Property View: Water
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,300
- Lot Size: 15300
- Lot Dimensions: 100 x 153
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt, Concrete
- Fencing (Description): Fenced, Other
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Canal - Saltwater
- Water Extras: Yes
- Water Front Desc.: Saltwater Canal
Green Features
- Energy Efficient: Insulation, Windows
- Energy Generation: Solar
Financial Considerations
- Tax Amount: $52,217.14
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: BEACH PARK S 35 FT OF LOT 16 AND LOT 17 BLOCK 14
- Flood Zone Info: AE
- APN: A2029183LA00001400016.0
- Property ID: A2029183LA00001400016.0
- Block/Lot/Section: 14
Listed by Compass Florida Llc
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Schools
Schools serving 5129 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 5129 W Neptune Way
Date
Details
Price
Change
Source
2/14/2026
Price Reduced
$4,995,000
-23.14%
MLS
10/07/2025
Listed
$6,499,000
88.38%
MLS
12/22/2021
Sold
$3,450,000
—
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 5129 W Neptune Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$57,246
5%
$2,903,107
1%
2024
$54,393
9%
$2,873,754
10%
2023
$49,689
40%
$2,606,096
47%
2021
$35,451
-15%
$1,773,901
-17%
2022
$41,952
18%
$2,147,181
94%
2021
$35,451
67%
$1,105,460
2%
2019
$21,228
1%
$1,080,606
2%
2018
$21,117
1%
$1,060,457
2%
2017
$20,866
3%
$1,038,645
2%
2016
$20,288
—
$1,017,282
1%
2015
$20,378
1%
$1,010,211
1%
2014
$20,213
—
$1,002,193
2%
2013
$20,275
—
$987,382
—
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 5129 W Neptune Way
5129 W Neptune Way, Tampa, FL 33609 (MLS# TB8434175) is a Single Family property with 4 bedrooms and 4 full bathrooms. 5129 W Neptune Way is currently listed for $4,995,000 and was received on October 07, 2025. Want to learn more about 5129 W Neptune Way? 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.

