Million dollar foreclosure on beautiful Davis Island in Tampa

In a follow-up to my previous article, Most expensive bank-owned foreclosure in Tampa, I bring you the most expensive bank-owned Tampa Foreclosure that is on the market TODAY. 

The property is located on beautiful Davis Island here in Tampa, and is priced at just over $1.2 million.  Featuring 6 bedrooms, 5 full bathrooms, 2 half-baths, and over 5,200 square feet of heated living space, this two-story home truly shines as the most expensive Tampa Foreclosure.  With a comparable property just two doors down being listed currently at $1.99 million, this home may just be quite the bargain!

Currently owned by First Commercial Bank of Tampa Bay, 73 Martinique Avenue is a gorgeous, unique home with many custom features and is very well appointed.  Visually, the property will appeal to even the pickiest of buyers in this price-point.  The surfaces range from hardwood to marble, and the home sparkles with character.

The listing agent, Jeanne Wolfe of Smith & Associates Real Estate, explains the property as follows:

"EXCEPTIONAL OPPORTUNITY - NEWER MEDITERRANIAN COLONIAL - VERY DRAMATIC, LOADED WITH UPGRADES, HARDWOOD FLOORS, MOLDINGS AND VOLUME CEILINGS. TRUE GOURMET KITCHEN, WITH UPGRADED APPLIANCES AND ADJOINING BUTLERS PANTRY FOR CATERED EVENTS. MASTER SUITE IS A SEA OF OPULANT MARBLE WITH AN OVERSIZED JACUZZI TUB AND UPGRADED FIXTURES AS WELL AS A BIDET. FROM THE IMPRESSIVE TWO STORY FOYER WITH DUAL CURVED STAIRS TO THE BEAUTIFUL BRICK EXTERIOR, THIS UNIQUE CUSTOM HOME WILL AMAZE YOU!"

Here, have a look for yourselves, and see if you agree with Jeanne & I's interpretation! 

MLS Listing #T2395447 - 73 Martinique Avenue

Although this is the highest priced REO / Bank Owned Foreclosure on the market currently, the Tampa Foreclosure market is ever-changing.  Here's a numerical snapshot of the current market that is "Tampa Foreclosures" :

• Number of  Active "Tampa Foreclosures" on market: 200.
• Highest Priced Tampa Foreclosure "Property" currently: $1.275 million.
• Highest Priced Tampa Foreclosure "Home" currently: $1.210 million.
• Lowest Priced Tampa Foreclosure "Home" currently: $12,900.
• Average Tampa Foreclosure List Price: $108,620.
• Average Tampa Foreclosure Home Stats: 3 bedrooms, 2 bathrooms, 1,510 square feet.
• Number of SOLD Tampa Foreclosures in March 2010: 165.
• Highest Tampa Foreclosure Sale in March 2010: $425,000.
• Lowest Tampa Foreclosure Sale in March 2010: $5,000.
• Average Tampa Foreclosure Sale Price in March 2010: $72,936.
• Average Days To Close for Tampa Foreclosures in March 2010: 72.