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Set within the exclusive guard-gated enclave of Bayway Isles, this refined Mediterranean estate is positioned on an expansive estate lot on the island of Bayway Isles II — offering timeless architecture, privacy, and elevated living. Previously celebrity-owned, the residence spans approximately one acre — including a portion of the lake — and enjoys tranquil water views, breathtaking sunsets, and a rare sense of scale seldom found within St. Petersburg’s island communities. Known for its higher elevations, larger parcels, and distinguished residences, Bayway Isles II represents one of the area’s most coveted addresses. Composed entirely of multi-million-dollar homes, this offering is currently the least expensive property available on the island — presenting a compelling opportunity within an elite setting.
Thoughtfully reimagined by a well-known local interior designer, the home unfolds across nearly 6,400 square feet of curated interiors and approximately 8,500 total square feet. Soaring 12-foot ceilings, solid wood doors with transoms, marble flooring, and architectural archways create understated grandeur, while a refreshed palette and updated fixtures lend contemporary refinement. Enhancements include a clay barrel tile roof, designer lighting, leathered imported granite, custom cabinetry, Sonos whole-home audio, upgraded theater technology, Blueroot landscape lighting, multiple HVAC replacements, and extensive window upgrades.
Formal living and dining spaces overlook the pool and lake, anchored by a fireplace. The chef’s kitchen flows into the great room, highlighted by a new 85-inch television with surround sound. A climate-controlled 160-bottle wine room and generous butler’s pantry add functional luxury. The primary suite offers a fireplace, morning bar, custom closets, and spa-style bath with soaking tub, dual vanities, and steam shower. Two secondary bedrooms with en-suite baths are privately situated on the other side of the house from the primary wing. A grand executive office is positioned at the front of the home, and a private pool bath is accessible from indoors and poolside. The stadium-seat theater with reclining chairs and popcorn station completes the entertainment experience.
Upstairs there is a private guest suite ideal for multigenerational living includes a bedroom, large bath with shower and separate jetted tub, walk-in closet, full kitchen with new appliances, and wood flooring.
Outdoors, the estate transforms into a resort-inspired retreat. The reimagined pool and spa feature AquaLink automation, saltwater system, updated pumps, lighting, and new tile, framed by expansive terraces capturing lake views. A restaurant-caliber outdoor kitchen with commercial gas grille, smoker, and oversized Komodo Joe ceramic cooker is complemented by a separate bar with sink, refrigeration, and 85-inch television — creating an exceptional setting for sunset gatherings.
With 24-hour guard security and convenient access to Gulf beaches, downtown St. Petersburg, marinas, and Tampa International Airport, this residence represents a rare opportunity where estate-scale land, architectural presence, and curated upgrades converge within one of Tampa Bay’s most sought-after island communities. The home may be sold fully furnished for a true turn-key offering. A detailed features/updates sheet is attached. Buyer to verify all measurements.
Property Details
Price: $4,000,000
Sq Ft: 6,367
($628 per
sqft)
Bedrooms: 4
Bathrooms: 5
City: St Petersburg
County: Pinellas
Type: Single Family Reside
Development: Bayway Isles Unit 2 Rep
Acres: 0.96
Virtual Tour/Floorplan:
View
Year Built: 2000
Listing Number: TB8477321
Status Code: A-Active
Taxes: $21,037.00
Tax Year: 2024
Garage:
3
Furnishings: Negotiable
Pets Allowed: Yes
Interior Features:
Built-in Features
Cathedral Ceiling(s)
Ceiling Fans(s)
Crown Molding
Dry Bar
Eat-in Kitchen
High Ceilings
L Dining
Open Floorplan
Primary Bedroom Main Floor
Solid Surface Counters
Solid Wood Cabinets
Split Bedroom
Stone Counters
Thermostat
Walk-In Closet(s)
Wet Bar
Window Treatments
Financial Information:
Taxes: $21,037.00
Tax Year: 2024
Association Fee: $122.00
Association Fee Frequency: Monthly
Condo Fee Frequency: Monthly
Exterior Features:
French Doors
Sliding Doors
Sprinkler Metered
Equipment:
Bar Fridge
Built-In Oven
Convection Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Microwave
Range Hood
Refrigerator
Washer
Water Purifier
Water Softener
Wine Refrigerator
View:
Pool
Waterfront Description:
Lake Front
School Information:
Elementary School: Gulfport Elementary-Pn
Middle School: Bay Point Middle-Pn
Junior High: Bay Point Middle-Pn
High School: Lakewood High-Pn
Additional Information:
MLS Area: 33715 - St Pete/Tierra Verde
Price per Square Feet: $628.24
Water: Public
Lot Desc.: Conservation Area, Flood Insurance Required, Floodzone, City Limits, Near Golf Course, Near Marina, Oversized Lot, Paved
Construction: Block, Stucco
Date Listed: 2026-02-18 16:59:01
Pool: Yes
Pool Type: Gunite, In Ground
Furnished: Negotiable
Windows: Blinds, Window Treatments
Parking: Circular Driveway, Driveway, Garage Door Opener, Oversized
Garage Spaces: 3
Flooring: Brick, Carpet, Ceramic Tile, Hardwood, Marble
Roof: Tile
Heating: Central, Electric, Zoned
Cooling: Central Air, Zoned
Pets: Yes
Sewer: Public Sewer
Map of 5264 61St Avenue, St Petersburg, FL 33715
Listing Courtesy Of: Charles Rutenberg Realty Inc
wescottrealestate@gmail.com