518 Riverside Dr, Tarpon Springs, FL, 34689
About This Home
WATERFRONT PROPERTY PRIME LOCATION WITH DIRECT WATER ACCESS TO GULF OF MEXICO - Welcome to 518 - 504 Riverside Drive, an exceptional executive estate that spans over 2+ acres of pristine property sitting 30 FEET ABOVE SEA LEVEL. Enclosed by a solid concrete wall for unmatched security and privacy, this compound features two magnificent homes, perfectly situated atop the scenic Kraemer Bayou. With no flood zone concerns and no HOA, this property offers both peace of mind and freedom. The main residence boasts 4 bedrooms, 3 full baths, and a half bath. Enjoy breathtaking bayou views from the elegant dining room, spacious family room, and expansive office. Every detail of this home reflects sophistication and comfort. The guest house is an entertainer’s dream, featuring a sprawling living and entertainment area complete with a sunken wet bar and a commercial-style kitchen. With 4 bedrooms, 3.5 baths, and additional living quarters in the basement, the guest house is perfect for hosting family and friends. Recent updates include new laminate flooring and fresh paint throughout. Water enthusiasts will love the newly updated dock, complete with Trex decking, a 10,000-lb lift, power, and water, providing direct access to the Gulf. Enjoy inshore fishing from your dock or jump in a fishing kayak and fish the beatiful mangroves that lead right out to the Gulf, or maybe enjoy some tubing with the Jet Skis.The resort-style backyard is a true paradise, featuring an infinity pool overlooking the bayou, a newly built party gazebo equipped with natural gas and water along with a fully functional outdoor kitchen. Enjoy the detached swim spa with an air-conditioned workout facility and shower stall. The meticulously re-landscaped grounds include a sand volleyball court for added fun and recreation. Additional highlights include a whole-property 30,000 kW generator, automatic hurricane shutters, and 6 garage spaces accessed via two remote-controlled gates leading to a private courtyard. Located in the charming and world-famous town of Tarpon Springs, featuring some of the finest Greek Restaurants around. This quaint town has so much to offer with antique shops and local breweries along with many art and music festivals happening on any given weekend. The world famous Epiphany celebration takes place here in Tarpon Springs. Elementary/Middle and High Schools are very close by for convenience.We have 3 amazing beaches very close by along with Clearwater only 15 minutes away. Within 30 minutes of Tampa and St Pete Airports. The property is minutes away from the Pinellas trail where biking and walking will connect you to several other small downtown areas such as Palm Harbor and Dunedin. SIGNIFICANT PRICE ADJUSTMENT
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1999
Materials
- Foundation: Block,Crawlspace,Slab
- Roof: Slate
- Construction materials: Block,Stucco,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Bar Fridge,Oven,Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Exhaust Fan,Freezer,Gas Water Heater,Ice Maker,Microwave,Range,Range Hood,Refrigerator,Water Filtration System,Water Purifier,Water Softener,Whole House R.O. System,Wine Refrigerator
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedroom1
- Features: Built-in Closet
- Level: First
- Area: 208
- Dimensions: 16x13
Bedroom1
- Features: Built-in Closet
- Level: Second
- Area: 169
- Dimensions: 13x13
Bedroom2
- Features: Built-in Closet
- Level: Second
- Area: 225
- Dimensions: 15x15
Bedroom2
- Features: Built-in Closet
- Level: Second
- Area: 153
- Dimensions: 17x9
Bedroom3
- Features: Built-in Closet
- Level: Second
- Area: 192
- Dimensions: 16x12
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 6
- 1/2 bathrooms: 2
Dining Room
- Level: First
- Area: 225
- Dimensions: 15x15
Dining Room
- Level: First
- Area: 120
- Dimensions: 15x8
Family Room
- Level: First
- Area: 221
- Dimensions: 17x13
Features
- Crown Molding,Dry Bar,Dumbwaiter,Open Floorplan,Sauna,Stone Counters,Thermostat,Walk-In Closet(s),Wet Bar
- Door features: Outdoor Grill,Outdoor Kitchen
- Window features: Window Treatments,Hurricane Shutters
- Flooring: Carpet,Ceramic Tile,Laminate,Hardwood
- Fireplace features: Gas,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Propane
- Cooling features: Central Air
Interior Area
- Total structure area: 11,279
- Total interior livable area: 7,886 sqft
Kitchen
- Level: First
- Area: 399
- Dimensions: 21x19
Living Room
- Level: First
- Area: 350
- Dimensions: 25x14
Living Room
- Features: Bar
- Level: First
- Area: 902
- Dimensions: 41x22
Office
- Level: First
- Area: 168
- Dimensions: 14x12
Primary Bedroom
- Features: Walk-In Closet(s)
- Level: Second
- Area: 400
- Dimensions: 25x16
Primary Bedroom
- Features: Built-in Closet
- Level: Second
- Area: 266
- Dimensions: 19x14
Property
Details
- Parcel number: 112715877860010060
- Special condition: None
Features
- Levels: Three Or More
- Stories: 3
- Private pool: Yes
- Pool features: Heated,In Ground,Infinity,Lap,Salt Water
- Patio & porch: Covered,Front Porch,Rear Porch
- Exterior features: Courtyard,Garden,Irrigation System,Lighting,Outdoor Grill,Outdoor Kitchen,Rain Gutters,Storage
- Has spa: Yes
- Spa features: In Ground,Swim Spa
- Has view: Yes
- View description: Water,Bayou,Gulf/Ocean - Partial,Intracoastal Waterway,River
- Has water view: Yes
- Water view: Water,Bayou,Gulf/Ocean - Partial,Intracoastal Waterway,River
- On waterfront: Yes
- Waterfront features: Bayou,Gulf/Ocean,Intracoastal Waterway,River Front,Bayou Access,Gulf/Ocean Access,River Access,Lift,Lift - Covered,No Wake Zone
- Residential vegetation: Trees/Landscaped
Lot
- Lot size: 2.25 Acres
- Lot size dimensions: 124 x 237
Parking
- Total spaces: 6
- Parking features: Golf Cart Parking,Guest
- Has garage: Yes
- Attached garage spaces: 6
- Covered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Cold Wave
- Hurricane
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Pinellas County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,158 | $169,896 |
| Home Insurance * | $4,130 | $49,560 |
| Property Taxes | $1,726 | $20,712 |
| Electricity | $793 | $9,523 |
| Total | $20,807 | $249,684 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-22 | Price change | $2,800,000 |
| 2025-06-16 | Price change | $2,600,000 |
| 2025-02-24 | Price change | $2,950,000 |
| 2025-01-02 | Listed for sale | $2,999,950 |
| 2015-01-01 | Listing removed | $2,700,000 |
| 2014-07-22 | Price change | $2,700,000 |
| 2014-06-22 | Listed for sale | $2,749,900 |
| 2014-06-22 | Listing removed | $4,500 |
| 2014-02-13 | Listed for rent | $4,500 |
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