Tampa · Commercial sale
Mainsail Sabal Park Hotel Owner buys 9719 Princess Palm Ave in Tampa for $15.67 million
A hotel or motel at 9719 Princess Palm Ave, Tampa sold for $15,670,000 on September 30, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $15,670,000
- Recorded
- September 30, 2026
- Property type
- Hotel or motel
- Building area
- 71,745 sq ft
- Price per sq ft
- $218
- Year built
- 1998
A hotel or motel at 9719 Princess Palm Ave in Tampa sold for $15,670,000, the highest-priced deed recorded in Hillsborough County that day. The special warranty deed was recorded September 30, 2026 with the Hillsborough County Clerk of Court.
The deed lists Hit Portfolio I Owner, LLC as the seller and Mainsail Sabal Park Hotel Owner LLC as the buyer.
The price is 60% above the market value of $9,783,661 on record with the Property Appraiser. It is also 21.4 times the $732,000 paid in 1997, the most recent earlier sale on record. Based on the Property Appraiser's 71,745 square feet of building area, the price works out to $218 per square foot.
Property Appraiser's records show the building dates to 1998 and sits on a 3.79-acre lot. An aerial photo of the property shows the parcel steps from a pond, and the site holds a large parking lot.
What this sale costs to close
What does closing cost at this price? Under Hillsborough County custom the seller's larger charges are $109,690 for the documentary stamp tax on deed and $37,665 for the owner's title insurance policy. The seller's estimated net is $15,404,342 before brokerage commissions and any loan payoff. A cash buyer would need about $15,553,365 at closing.
Source: Hillsborough County Clerk of Court, Official Records, instrument 2026383043. Property details: Hillsborough County Property Appraiser records, published by Hillsborough County. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
