What these spec mansions, in Culbreath Isles and Davis Islands, say about Tampa’s housing market (Photos) (Video)

Over the last year, a low-slung, 1960s brown-brick home on the Davis Islands waterfront has given way to a 7,600-square-foot West Indies-style mansion, built on a speculative basis.

The home is the fifth speculative mansion that a local development group has built — and the highest priced so far. Listed at $5.995 million, the home went under contract on its second showing, a few weeks before Christmas, to a local buyer who is slated to close next month.

Eight miles away, on Culbreath Isles, the… …read more