The $22.5 Million Wrecking Ball: 7 Shocking Secrets Of Derek Jeter's Tampa Mansion (And Its Demolition Plan)

The iconic, custom-built Tampa mansion once owned by New York Yankees legend Derek Jeter—and famously rented by NFL icon Tom Brady—is no more, or at least, is slated to be completely erased. As of December 13, 2025, the latest updates confirm the massive waterfront property on Davis Islands, known affectionately as "St. Jetersburg," is heading toward a dramatic transformation, with a demolition permit filed by the mysterious new owner. This news provides a final, shocking chapter to the story of a home that held the record for the most expensive residential sale in the Tampa Bay area, a title it earned after selling for a staggering $22.5 million.

The saga of the 58 Bahama Circle estate is a fascinating tale of sports royalty, record-breaking real estate, and unexpected endings. From its construction as a personal fortress for "The Captain" to its brief tenancy by the greatest quarterback of all time and its eventual fate under the wrecking ball, this property cemented its place in Florida real estate history. The sheer scale and luxury of the home, coupled with its star-studded history, make its planned demolition one of the most surprising developments in high-end Florida property news in recent memory.

Derek Sanderson Jeter: The Captain's Profile & Biography

Derek Sanderson Jeter, universally known by his moniker "The Captain," is one of the most decorated and respected athletes in modern baseball history. His personal life and real estate portfolio have always attracted as much attention as his on-field performance, with his custom-built Tampa home being a prime example.

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• Full Name: Derek Sanderson Jeter
• Nickname: The Captain
• Date of Birth: June 26, 1974
• Place of Birth: Pequannock, New Jersey, U.S.
• Primary Sport: Baseball (Shortstop)
• Career Team: New York Yankees (1995–2014)
• MLB Career Highlights: 5-time World Series Champion, 14-time MLB All-Star, 5-time Gold Glove Award winner, 5-time Silver Slugger Award winner, 1996 AL Rookie of the Year.
• Hall of Fame: Elected to the National Baseball Hall of Fame in 2020.
• Post-Playing Career: Co-owner and CEO of the Miami Marlins (2017–2022).
• Spouse: Hannah Davis (m. 2016)
• Family Residence: Jeter has relocated his primary residence to Miami, Florida, following his tenure with the Marlins, and also maintains a property in New York.

The Rise and Fall of 'St. Jetersburg': A Record-Breaking Sale

Jeter’s custom-designed estate on Davis Islands was more than just a house; it was a fortress of luxury designed for privacy and opulence. The sheer scale of the property earned it the local nickname "St. Jetersburg," a playful nod to its owner and the nearby city of St. Petersburg, Florida.

The sheer size of the compound was unprecedented for the area. The home was the result of combining three separate lots, which created the largest waterfront property ever assembled on the posh Davis Islands. The custom-built structure was designed in an elegant English Manor style, spanning nearly 22,000 square feet of living space.

A Look Inside the $29 Million Listing

When Jeter listed the Tampa Bay mansion for sale in 2020 with an asking price of $29 million, the public got a rare peek inside the extraordinary amenities. The home was a true paradise for a sports star, built to accommodate both lavish entertaining and private family life with his wife, Hannah Jeter, and their children.

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The specifications of the home were astonishing. It featured seven bedrooms, eight full bathrooms, and eight half-bathrooms, totaling 16 baths. The interior boasted solid hardwood floors and a soaring 24-foot foyer, setting a tone of grandeur immediately upon entry.

Key luxury amenities included:

• A grand salon for formal gatherings.
• A clubroom complete with a full-service bar and a professional billiards table.
• A state-of-the-art movie theater.
• A climate-controlled wine cellar.
• A professional-grade gym.
• An in-law suite for extended family or guests.

The exterior was just as impressive, boasting 345 feet of open bay waterfront. The property included two three-car garages, an 80-foot saltwater lap pool, a separate spa, and two boat lifts to accommodate the Captain's marine needs. The entire compound was surrounded by a massive 9-foot privacy wall, which became a local point of curiosity and provided the seclusion that high-profile residents like Jeter and his future tenant required.

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The Tom Brady Rental and the Record-Breaking Sale

Before the sale, the mansion gained even more international attention when it became the temporary residence of NFL quarterback Tom Brady and his family. Upon signing with the Tampa Bay Buccaneers in 2020, Brady rented the sprawling estate from Jeter, creating a unique situation where two of the greatest athletes of their respective generations were linked by the same roof.

The rental arrangement put the home in the spotlight, with news crews and fans often trying to catch a glimpse of the superstar's temporary Florida life. Brady famously joked about the difficulty of maintaining privacy due to the home's visibility from the water, despite the high walls.

In 2021, the property officially sold for $22.5 million, setting a new record for the most expensive home sale in the Tampa Bay area at the time. The sale price, while a reduction from the $29 million asking price, solidified the estate’s status as a pinnacle of Tampa luxury real estate, a testament to the desirability of the Davis Islands neighborhood and the home's unique features.

The Wrecking Ball and The Future of 58 Bahama Circle

The final, and perhaps most surprising, chapter in the story of Derek Jeter's former home is its impending demise. Despite its record-breaking sale price and celebrity pedigree, the mansion is now slated for demolition. This decision highlights a common trend in ultra-luxury real estate: prime location often trumps the existing structure, no matter how grand.

The Demolition Permit and The New Owner

City of Tampa records show that a commercial demolition permit was filed for the address, 58 Bahama Circle. This confirmed the rumors that the mysterious buyer who purchased the property for $22.5 million had no intention of keeping the English Manor-style home. The identity of the buyer has been shrouded in secrecy, often utilizing an LLC to handle the transaction and remain anonymous, a common practice for high-net-worth individuals seeking privacy.

The decision to tear down a nearly 22,000-square-foot, custom-built luxury home that was only completed a few years prior speaks volumes about the value of the land. The buyer was not acquiring a house; they were acquiring the largest, most exclusive waterfront parcel on Davis Islands. The 345 feet of open bay views and the sheer size of the lot are irreplaceable assets in the highly competitive Tampa luxury market.

What Comes Next: A New Vision for the Waterfront

The demolition is not a sign of neglect, but rather a prelude to a new, custom-built estate. Tampa-based Ellison Construction has been confirmed to begin construction of a new single-family home on the site. This new structure will undoubtedly be another architectural marvel, custom-designed to the exact specifications of the new owner and likely incorporating the latest in smart home technology, sustainable design, and modern luxury aesthetics.

The new project marks the end of an era for "St. Jetersburg." While the original mansion served as a magnificent backdrop for the lives of two of the world's most famous athletes, its legacy will now shift to the record-breaking land deal and the incredible opportunity that the prime Davis Islands location offers. The new home at 58 Bahama Circle will continue the property's tradition of setting the standard for luxury waterfront living in Tampa, Florida, proving that in real estate, sometimes the most valuable thing is not the building, but the irreplaceable ground it sits on.