Chicago Executive Tries to Sell Tampa Estate for $115 Million: Details about the Property and Record-Setting Price

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Chicago Executive Tries to Sell Tampa Estate for $115 Million: Details about the Property and Record-Setting Price
Real EstateTampaLakefront Property

A Chicago-based executive, trying to break a record in Florida, is listing his 87-acre lakefront compound in Tampa, Florida, for $115 million. The property is directly on Lake Thonotosassa and is surrounded by oak trees, with private interior roads. After considering alternative options in Colorado and Wyoming, the couple's interest in the Tampa property is due to its seclusion and security.

A Chicago-based executive is trying to break a record in Florida with the sale of his home by listing it for $115 million — and it's nowhere near South Beach.

Steven Lempera, the president of an energy company in Illinois, bought the 87-acre lakefront compound in Tampa, Florida, in 2021 for $16.7 million and is trying to sell it at a nearly 600% price markup. Lempera and his wife, Jane, bought the property from Don Wallace, the cofounder of Lazydays RV, after surveying alternative options to Chicago during COVID.

"They were looking for an estate of this caliber with massive acreage," One Sotheby's International Realty agent Eddy Martinez told Business Insider. "In reality, they were looking in Colorado and in Wyoming, but they just couldn't find anything that they really liked. "The property, directly on Lake Thonotosassa, is 16 miles from downtown Tampa, but is its own oasis from the fast pace of the city. It's surrounded by oak trees and even has its own private interior roads.

Privacy, Martinez said, is one of the most important features for the ultrawealthy when considering property.

"Finishes and those kinds of things have become secondary," he said. "The most important thing for them to consider a property in a serious manner is, does it offer the privacy and does it have the capability of being secure? "As for the reason for selling, Lempera hasn't fallen out of love with the property; he just spends a lot less time there. His daughter is a professional horseback rider, and he and his family want to follow her career.

"They follow the circuit, and so Tampa's not really in their scope as much anymore because of that," Martinez said. See all of the bells and whistles included on this 87-acre Tampa property for sale.

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