Make us your home page
Instagram

Most expensive home in Hillsborough real estate market just got a little cheaper

Mark Yaffe’s Avila mansion, which sits on 6 acres, has 10 bedrooms and 10 bathrooms. The price is now $14.9 million.

Hillsborough Community College (2005)

Mark Yaffe’s Avila mansion, which sits on 6 acres, has 10 bedrooms and 10 bathrooms. The price is now $14.9 million.

One of Tampa Bay's most luxurious palaces just got cheaper.

Gold dealer Mark Yaffe dropped the price of his 29,000-square-foot estate from $17.5 million to $14.9 million. That's a bargain from his original $25-million price tag in 2008.

The 6-acre Avila spread, modeled after a 17th century British royal palace, has 10 bedrooms and 10 bathrooms. Completed in 2004, the ornate Jacobean-style manor home took about seven years to build. The estate has another 15,500 square feet of open and covered terraces.

Yaffe agreed to sell the home as part of a bankruptcy agreement from late 2009, after falling behind on $36 million in debt. At the time, he headed National Gold Exchange, one of the world's largest precious coin wholesalers. He filed bankruptcy in July 2009. The case is still active.

Even with the price cut, the home is still the most expensive on the market in Hillsborough County, but it no longer is that in greater Tampa Bay. Yaffe shares the $14.9-million price tag with a 15,000-square-foot mansion on Clearwater Harbor owned by Christine Barsema.

In Central Florida, four homes are priced higher. That includes a 67,000-square-foot estate under construction on 10 acres in Orange County modeled after the 17th century royal residence of Louis XIV.

The price tag for the "finished estate" with 13 bedrooms, 23 bathrooms, a 20-car garage and 10 satellite kitchens: $100 million. Or the buyer can take it "as is" for $75 million.

That makes Yaffe's digs a steal.

Most expensive home in Hillsborough real estate market just got a little cheaper 06/27/11 [Last modified: Monday, June 27, 2011 11:22pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Pinellas construction licensing board needs to be fixed. But how?

    Local Government

    LARGO –– Everyone agrees that the Pinellas County Construction Licensing Board needs to be reformed. But no one agrees on how to do it.

    Rodney Fischer, former executive director of the Pinellas County Construction Licensing Board Rodney, at a February meeting. His management of the agency was criticized by an inspector general's report. [SCOTT KEELER   |   Times]

  2. New owners take over downtown St. Petersburg's Hofbräuhaus

    Retail

    ST. PETERSBURG — The downtown German beer-hall Hofbräuhaus St. Petersburg has been bought by a partnership led by former Checkers Drive-In Restaurants president Keith Sirois.

    The Hofbrauhaus, St. Petersburg, located in the former historic Tramor Cafeteria, St. Petersburg, is under new ownership.
[SCOTT KEELER  |  TIMES]

  3. Boho Hunter will target fashions in Hyde Park

    Business

    Boho Hunter, a boutique based in Miami's Wynwood District, will expand into Tampa with its very first franchise.

    Palma Canaria bags will be among the featured items at Boho Hunter when it opens in October. Photo courtesy of Boho Hunter.
  4. Gallery now bringing useful art to Hyde Park customers

    Business

    HYDE PARK — In 1998, Mike and Sue Shapiro opened a gallery in St. Petersburg along Central Ave., with a majority of the space dedicated to Sue's clay studio.

     As Sue Shapiro continued to work on her pottery in St. Petersburg, her retail space grew and her studio shrunk. Now Shapiro's is bringing wares like these to Hyde Park Village. Photo courtesy of Shapiro's.
  5. Appointments at Raymond James Bank and Saint Leo University highlight this week's Tampa Bay business Movers & Shakers

    Business

    Banking

    Raymond James Bank has hired Grace Jackson to serve as executive vice president and chief operating officer. Jackson will oversee all of Raymond James Bank's operational business elements, risk management and strategic planning functions. Kackson joins Raymond James Bank after senior …

    Raymond James Bank has hired Grace Jackson to serve as executive vice president and chief operating officer. [Company handout]