The son of Best Buy founder and former CEO Richard M. Schulze is selling his sprawling waterfront estate in Tampa Bay.
Located at 1227 Osowaw Blvd., in Spring Hill, and coming in over 10,000-square-feet, the home comes with five bedrooms and seven bathrooms, two tennis courts, a wine cellar, a two-story walk-in closet, a home theater, a 40-plus car garage, and a pretty drama-packed backstory.
According to property records, the home was most recently purchased in 2021 for $4.7 million by an entity linked to Shulze's son, Richard V. Schulze, reports the Tampa Bay Business Journal.
Built in 2007 by sinkhole lawyer Peter Napolitano and his wife, the home attracted a tremendous amount of backlash from locals almost from the very beginning. After the couple purchased the land, they tore down a historic home on the property once owned by a Georgia timber tycoon, and replaced it with the giant khaki-colored pad you see today.
In an article titled, "Huge House, Big Fear," the St. Petersburg Times (now Tampa Bay Times), detailed the feud between nearby locals of Aripeka and the new residents, who said the home drove up property values and viewed it as a symbol of a "northward invasion of wealth." One local told the paper the house was "grotesque to the ultimate," while others called it a "McMansion,'' and a "monstrosity."
Obviously, a lot has changed since 2007 and while the home is still the most expensive on the market for that area, quite a few other million dollar homes have since popped up.
The home is currently asking $4.95 million, and the listing agent is Scott and Amy Ferguson of Coastal Property Group.
Every house has a story, and our mission is to tell Tampa Bay's story through the lens of our community's historic and colorful homes. Creative Loafing Tampa Bay's real estate features are not ads, and are strictly operated through our editorial department. But we love public input. Do you know of a unique Florida home that we should highlight? Let us know, and email [email protected].
