Derek Jeter and Tom Brady’s former Tampa home to be torn down and rebuilt

Plans have been unveiled for a new Davis Islands mansion that will replace the home built by former New York Yankees shortstop Derek Jeter.

The fate of the house at 58 Bahamas Circle was called into question last year when a demolition permit was applied for from the city. A news release Friday from Ellison Construction confirmed that the original building will be demolished and a larger 30,000-square-foot home constructed on its site.

Construction is expected to begin next year and take approximately three years to complete.

The current 22,000-square-foot home is already one of the largest in Tampa. It was custom made for Jeter and his family. They moved in shortly after the building was completed in 2011, but eventually moved to Miami. In 2020, football star Tom Brady and his family began renting the mansion from Jeter.

Jett In 2022, the home sold for $22.5 million, making it the most expensive home sale ever in the Tampa Bay area.

Rumors are swirling about the mysterious new owner, who is listed on the deed as “Zebb.com Trust.”

Zebb.com is a cryptocurrency app that allows people to invest Indian rupees in Bitcoin. On its website, it mentions its relationship with Zebpay, a major cryptocurrency exchange based in Singapore.

The home may be owned by healthcare entrepreneur and philanthropist Siddhartha Pagidipati. He and his wife, Ami Pagidipati, both have 58 Bahama Circle as their primary address on their voter registration records.

Pajdipati could not immediately be reached for comment.

“We know this is one of the most talked about properties in Tampa Bay and we’re excited to give everyone a first look at this unique location,” said Casey Ellison, CEO of Ellison Cos. Special Family Home.” … in a statement. “As a firm, we love working on projects with exceptional design, and this is a unique opportunity to showcase world-class design on Tampa’s waterfront.”

The new home, designed by Landry Design Group with interior design by Annette English, will feature six bedrooms, nine full bathrooms, 11 half bathrooms, a gym and a swimming pool.

The design will add extensive new green space and is intended to create a park-like environment.

“The form of the home is arranged to create courtyard and garden spaces throughout the building, surrounded by lush landscaping,” said Richard Landry, founder of Landry Design Group. “This softness is reflected in the façade Above, classic stone elements are complemented by more contemporary green walls and bronze details.”

The owners will donate materials from their current home, including cabinets, appliances, furniture and lighting, to Habitat for Humanity of Hillsborough County. The organization will sell donated items in its ReStore and use the proceeds to build, rehabilitate and repair affordable housing.

Times staff writer Emily Mahoney contributed to this report.