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Caspers’ acquisition of historic Bayshore estate is top residential sale in Tampa history

By Ashley Gurbal Kritzer  – Senior Reporter, Tampa Bay Business Journal

Tampa’s Casper family officially owns the historic Bayshore estate that they plan to convert to a private social club.

The Caspers’ $9.5 million acquisition of the Stovall-Lee estate, at 4621 Bayshore Blvd., is the highest priced home sale in Tampa history and the third highest for all of Pinellas and Hillsborough counties. The deal closed Monday.

A home in Belleair sold for $11.2 million in April 2017; a Belleair property fetched $10.25 million in 2007.

Jennifer Zales, an agent with Coldwell Banker Residential Real Estate in Tampa, brokered the transaction between the Caspers and the seller, Harry E. Teasley Jr.

Zales first listed the estate for sale in 2015 priced at $13.9 million.

“I have been truly honored to represent the sale of this magnificent estate,” Zales said in a statement. “We are thrilled that the Casper family will take over the role of owner/steward of this historic property and build upon the vision of Harry Teasley who purchased the estate in 1991, and completed a total restoration and expansion over the decades since. This residential sale elevates Tampa luxury real estate to a new level.”

The closing is a speculative one for the Caspers. Their plans to use the property as a social club require city council approval, and a hearing date hasn’t been set. A group of neighbors has organized Keep Bayshore Beautiful to oppose the proposed club.

“We think the property is phenomenal,” Blake Casper previously told the Tampa Bay Business Journal. “And regardless of what happens at the city council hearing, we feel strongly that there will be something to do with the property.”