3087 CHERRY LANE, Clearwater, FL, 33759 | $1,748,000

Welcome to the RaceCar Mansion—Your Luxury Fortress & Retreat Awaits! Perched 39 feet above sea level, this extraordinary estate stands entirely out of flood zones, ensuring exceptional hurricane protection & lower insurance costs. Built w a cement-and-steel frame, reinforced walls, & water-tight garage, every detail is engineered to withstand harsh conditions & provide lasting peace of mind. Priced at an incredible $230/ sqft for air-conditioned space—well below current building costs—this is a once-in-a-lifetime opportunity. That figure doesn’t even factor in the oversized garage, or the stunning rooftop 2500 sqft terrace w views of the Tampa Bay. For future expansion, we recommend purchasing w the adjacent vacant LOT—3075 Cherry (discounted price when buying BOTH) Currently this listing & vacant lot r under one tax ID, offering tax advantages & space for expansion. Without purchase of BOTH, a separation will be required at buyer cost. w ample room to plant boxwood or other shrubbery around the perimeter, u can create a true resort setting, complete w the option of adding a pool for the perfect oasis. Step inside & experience refined elegance & modern sophistication. The chef’s kitchen is a gourmet dream, equipped w Miele appliances (gas stovetop, oven, dishwasher, coffee maker), plus a Sub-Zero refrigerator & Marvel wine fridge. Turnkey package is available for just $49K includes all furniture, most smallwares, bedding, dishes, decor (except personal art collection & personal items), 32+smart TVs, advanced AV tech, specialized garage tools, appliances & more—so you can move in w just a toothbrush & start living yr dream tomorrow! Seller invested significantly both time and money into restoring this beautiful mansion and making it better over last 3 years including significant HVAC restoration; upgrades to Fencing, new front door, many roof repairs, appliances, plumbing, elevator upgrades & restorations. For automotive enthusiasts, the garage is spectacular—accommodating up to six cars w direct first-floor access & extra flexible space. 3 phase power is a must have for certain tools, elevator, complex commercial HVAC high efficiency Japanese Daikin unit Third level features 4 sumptuous bedroom suites each feature walk-in closets & en-suite baths, creating private retreats. The fourth floor’s open-concept design seamlessly connects living, dining, & entertaining areas, surrounded w virtual reality tv walls. Crown jewel of this residence is the rooftop terrace, offering panoramic views of Tampa Bay & the Bayside Bridge. Feel like the king or queen of your fortress as you overlook the azure waters from this remarkable vantage point—perfect for hosting lavish parties, unwinding under the stars, or adding a pool or hot tub(structural integrity confirmed). Located steps from Calvary Christian Academy & quick derive from Tampa, St. Petersburg, & Clearwater Beach—with Bay Beach a 3 minute drive for jet skiing / paddleboarding —this property offers unmatched convenience. Seller financing is available for up to$930, 000 in first position at below-prime rates (terms apply). The RaceCar Mansion is not only a stunning luxury home but also a smart financial investment, where safety, exquisite design, & incredible value converge. Welcome home to a lifestyle of comfort, security, & refined living. Virtual tours on YouTube. No info is guaranteed accurate. Buyer to verify all data, including square footage & construction quality. Property sold As-Is.

Features

  • Elevator: Y
  • Rooms: 3
  • Bedrooms: 4
  • Baths: 4 full / 2 half
  • Lot Size: 57 x 100
  • Laundry: Gas Dryer Hookup, Laundry Room, Upper Level
  • Style: French Provincial, Traditional
  • Year Built: 2012
  • Garage: 6-car Ground Level, Oversized, Workshop in Garage
  • Heating: Central, Other
  • Cooling: Central Air
  • Approx Sq. Feet: 6,600
  • Acreage: 0.13
  • Lot Size: 57 x 100
  • Est. Taxes: $21,300
  • Lot Desc: Corner Lot, Near Golf Course
  • View: City, Water
  • High School: Clearwater High-PN
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator
  • MLS#: TB8371157
  • Days on Market: 9 days
  • Website: https://www.raveis.com
    /eprop/TB8371157/3087cherrylane_clearwater_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/4/2025 9:04:55 PM)
Listing courtesy of KELLER WILLIAMS ST PETE REALTY   Phone: 727-894-1600

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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3087 CHERRY LANE, Clearwater, FL, 33759

$1,748,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,398,400 $1,398,400 $1,398,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.500% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.848% 6.613% 6.560%
Monthly Tax Payment $1,775 $1,775 $1,775
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,497 $8,839 $12,086
Total Monthly Payment $10,397 $10,739 $13,986

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.