One of Tampa, Florida’s most distinguished architectural landmarks, The Mirasol, has changed hands in a $10.375 million deal. Built in 1925 at 84 Davis Blvd in downtown Tampa, the 58-unit apartment community traded for just over $178,880 per unit. Originally developed as a luxury hotel, the Mediterranean Revival-style property was converted to apartments in 1962. The premises features a seven story building with two 3-story wings, two detached, single story buildings and a 15-slip marina that can accommodate vessels up to 50 feet in length. Community amenities include a swimming pool overlooking the marina, a three-tiered back patio and a covered waterfront pavilion. Marcus & Millichap represented both the buyer, Tampa Bay multifamily investor David Greider, and the seller, investor Robert L. Vertz.
“The Mirasol has been one of Davis Islands’ most elegant landmarks and Tampa Bay’s crowning property for more than 90 years,” says Frank Carriera, first vice president investments in Marcus & Millichap’s Tampa office. “The asset is also well-positioned for long-term stability and growth as the Davis Islands neighborhood, which has effectively been built-out since the 1950s, has the distinction of being one of the area’s most desirable places to live and having the highest occupancy.”
