About 5023 W Leona Street
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.
Open House
Features of 5023 W Leona Street
| MLS® # | TB8554417 |
|---|---|
| Price | $5,500,000 |
| Bedrooms | 5 |
| Bathrooms | 6.00 |
| Full Baths | 5 |
| Half Baths | 1 |
| Square Footage | 6,996 |
| Acres | 0.19 |
| Year Built | 2025 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 5023 W Leona Street |
|---|---|
| Area | Tampa / Palma Ceia |
| Subdivision | MADSEN ISLES |
| City | TAMPA |
| County | Hillsborough |
| State | FL |
| Zip Code | 33629-7622 |
Amenities
| Parking | Driveway, Garage Door Opener, Ground Level, Off Street, On Street, Under Building |
|---|---|
| # of Garages | 8 |
| View | Water |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Interior Features | Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Eating Space In Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Tray Ceiling(s), Walk-In Closet(s), Wet Bar |
|---|---|
| Appliances | Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Wine Refrigerator |
| Heating | Central, Heat Pump, Zoned |
| Cooling | Central Air, Zoned |
| Fireplace | Yes |
| Fireplaces | Living Room |
| # of Stories | 4 |
Exterior
| Exterior Features | Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard, Sliding Doors |
|---|---|
| Lot Description | FloodZone, City Lot, Landscaped, Level, Street Dead-End |
| Roof | Shingle |
| Foundation | Slab |
School Information
| Elementary | Dale Mabry Elementary-HB |
|---|---|
| Middle | Coleman-HB |
| High | Plant-HB |
Additional Information
| Date Listed | October 2nd, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | RS-75 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SMITH & ASSOCIATES REAL ESTATE |
|---|
