Saturday, January 20, 2018
Business

Five-acre Jungle Shores estate is headed for the auction block

ST. PETERSBURG — A five-acre Jungle Shores estate which was recently listed for nearly $10 million is headed to auction in March.

The waterfront mansion at 900 Park St. features a football-field-long coastline, an infinity-edge pool, an air-conditioned five-car garage and a 250-foot dock.

Inside the 10,000-square-foot Mediterranean-style home: a massage room and sauna, a home theater, custom his-and-her closets and a 1,200-bottle wine cellar.

The mansion, built in 1941, was once owned by Nelson Poynter, who ran the St. Petersburg Times, now the Tampa Bay Times, for four decades. The house has tripled in size since it was owned by Poynter, who died in 1978.

The mansion is now owned by Fazal Fazlin, a Pakistan native who founded and sold technology firm Advanced Plasma Systems.

Since buying the home in 1999 for $2 million, Fazlin, 63, has added a number of renovations, including thousands of square feet of backyard pavers for his hosting of charity events. County records show Fazlin owes more than $168,000 in property taxes on the home.

Registration for the auction will begin at the home on March 15 at 1 p.m. Potential bidders can preview the home on March 6 from 4 p.m. to 6 p.m. by calling Coastal Properties agent Karl Moeller at (727) 656-7440.

Auctioneers estimated the home's opening bid would start at $3 million.

     
 
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