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Exclusive: Apollo Beach mansion built as Coastal Living’s ‘Idea House’ sold to local buyer

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Ashley Gurbal Kritzer- Senior Reporter Tampa Bay Business Journal

An Apollo Beach mansion that once graced the pages of Coastal Living has been sold to a local buyer.

The 4,780-square-foot home at 604 Balibay Road sold Monday for $1.5 million, said Jennifer Zales, an agent with Coldwell Banker Residential Real Estate, who marketed the property for sale.

It is believed to be the highest sale in Mirabay, a 750-acre residential development in Southern Hillsborough County, since 2008, Zales said.

It was built in 2004 by Bayfair Homes of Tampa for the magazine’s annual “Idea Home” special section.

The home hit the market in late June priced at $1.599 million. Zales said the buyers are from South Tampa. A deed for the transaction has not yet been filed in Hillsborough County.

“Many had also seen it when it was launched in 2004 as the Coastal Living Idea home, when it sold for $2.645 million,” she said. “So at its current asking price, it represented a tremendous waterfront value.”

Zales said she is seeing an increasing amount of interest in waterfront properties in Southern Hillsborough County. In July, she sold a bayfront property on Apollo Beach for $2.8 million.

“It’s the best waterfront value in the Tampa Bay area in many cases. The inventory tends to be newer and major homebuilders/developers have invested in the area,” Zales wrote in an email. “With the new hospital and companies like Amazon locating to the area, it is driving further development and investment in the area. And because it’s only 25 minutes to downtown Tampa, it’s an easy commute.”