Single Family Residence at 5023 W LEONA ST, TAMPA
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70 photos

$5,500,000

5023 W LEONA ST
TAMPA, FL 33629
Listed by SMITH & ASSOCIATES REAL ESTATE
Bedrooms
5
Bathrooms
5.5
Living area
6,996 sqft
Year built
2025

About this home

The last off-water residence available in Madsen Isles, an exclusive eight-home South Tampa enclave with brick-paver streets, underground utilities and a quiet cul-de-sac setting. Developed by Modesta Homes and just completed, this coastal modern residence offers nearly 7,000 square feet of elevated living, open-water views from a private rooftop terrace, a four-stop elevator and an extraordinary eight-car garage. The scale is immediately apparent, with a dramatic 24-foot great room and foyer, 10-foot impact sliding glass doors and wide-plank brushed white oak flooring. A soaring tiled fireplace wall with a 360-degree floating fireplace creates a striking architectural focal point, while Level 5 drywall, 8-foot solid-core doors and custom lighting reflect the quality of finish throughout. The kitchen is distinctly custom, featuring built-to-order Luxor European frameless cabinetry that combines high-gloss finishes and natural walnut, dual islands wrapped in book-matched quartz waterfalls and a complete Sub-Zero and Wolf appliance package. A walnut butler's pantry extends the kitchen and provides additional space for entertaining. Designed for both large-scale entertaining and everyday living, the home includes a three-row theater with a 120-inch 4K screen, a temperature-controlled wine room, a bar and lounge, a private office, and a second-floor loft. The main living spaces open to a covered terrace with an outdoor kitchen overlooking the pool, sun decks, floating spa and fireplace. Above, the private rooftop terrace captures open-water views and creates another exceptional outdoor living space. The approximately 650-square-foot primary suite features a private balcony, nearly 400 square feet of separate closets and a spa-inspired bath with a 71-inch vessel soaking tub and dual rainfall showers. Four additional bedrooms complete the five-bedroom, five-and-one-half-bath layout. Equally considered behind the walls, the home was constructed for Florida living with masonry block on pilings, 8-inch core-filled walls, impact-rated windows and doors, spray-foam insulation and a TPO roof. A certified FEMA elevation certificate places the living floor and A/C equipment at 17.6 feet NAVD, an extra 6.6 feet above base flood elevation. Four-zone HVAC, 350-amp electrical service, tankless recirculating hot water and pre-wired security complete the systems. A rare combination of architectural scale, custom construction and resort-style living within one of South Tampa's most intimate new enclaves. Builder and manufacturer warranties transfer to the buyer at closing.

Highlights

Private poolFireplaceNew construction

Property details

MLS #
MFRTB8554417
Property type
Single Family Residence
Subdivision
MADSEN ISLES
Status
Active
Days on market
N/A
On market date
October 2, 2026
Stories
N/A
Total bathrooms
5.5
Garage spaces
8
Parking spaces
N/A
Lot size
0.19 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
MABRY ELEMENTARY SCHOOL
1.33 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
833
Student:teacher ratio
15.1:1
District
HILLSBOROUGH
Middle
MADISON MIDDLE SCHOOL
0.88 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
564
Student:teacher ratio
18.8:1
District
HILLSBOROUGH
High
PLANT HIGH SCHOOL
1.79 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,514
Student:teacher ratio
23.3:1
District
HILLSBOROUGH

Walkability

Blended score for TAMPA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

57
Somewhat walkable
out of 100
EPA National Walkability Index
7.7 / 20 -- Below average walkable
Google Places amenity density
85 / 100
Restaurants & cafes20
Grocery stores3
Parks3
Schools10
Transit stops3
Pharmacies0

Market position

How this listing compares to current activity in TAMPA, from live MLS data.

On the market 0 days -- 82 fewer days than TAMPA's current average of 82 days.
For reference, the median list price across 5,965 active listings in TAMPA right now is $348,000.

Mortgage calculator

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Est. monthly payment
$33,272/mo
$1,100,000 down
$4,400,000 loan
Principal & interest$28,538
Property tax (est.)$4,583
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 17 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.