After selling a waterfront estate in Miami last year to The Weeknd for $50 million, Illinois-based real estate investor and former oil-industry executive Steven Lempera is making an even bigger bet on Florida’s luxury market up near Tampa, listing a sprawling compound for $115 million—nearly seven times the $16.7 million he paid for the place in 2021. The Oaks Estate, listed with Eddy Martinez and Roland Ortiz of The R/E Team at ONE Sotheby’s International Realty, is by far the most expensive residential listing in the region.
The 87-acre lakefront spread arrives with a notable pedigree. It was originally developed by RV mogul Don Wallace, founder of Lazydays RV, who designed the residence as a showcase for a car collection that once included a Ferrari 250LM and a McLaren F1 LM—both of which fetched record sums at auction.
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The French Normandy–inspired estate sits behind a 36-acre stone-walled perimeter, paired with a 51-acre protected parcel that adds privacy and shields the home from future development. The estate can be reached by helicopter and seaplane, making it convenient to both Miami and Orlando.
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the oaks estate tampa florida
The four-story main residence spanning more than 36,000 square feet, with six bedrooms, 12 full bathrooms, and 14 powder rooms. A grand salon with arched ceilings, limestone floors, and 12-foot mahogany French doors opens to a lakeside terrace.
Elsewhere, a gentleman’s lounge with a bar and wine storage sits alongside a private cinema, while a beamed family room with a fireplace overlooks the water. The family kitchen features a La Cornue Château range, Azul Imperiale quartzite, and a full catering kitchen, while the primary suite occupies a private wing with dual baths, custom dressing rooms, and lake-facing lounge areas.
the oaks estate tampa florida
Perks extend well beyond the main house and include a 72-foot saltwater pool, an indoor aquatic facility, a spa and wellness center, a fitness complex, a bowling alley, and a full entertainment level.
Outside, a mile-long jogging trail winds through the grounds, alongside and equestrian facilities comprising a five-acre arena, six-stall barn, paddocks, and horse walker.
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the oaks estate tampa florida
The property goes all in for auto enthusiasts. Along with a go-kart track, there’s a 22-car auto gallery with mechanical and paint capabilities, an evolution of Wallace’s original vision. The gallery complex also includes a studio apartment, an office, and a boardroom. A two-bedroom residence for guests or staff and a two-story boathouse with a rooftop terrace complete the property.
The move follows a playbook that has served Lempera well. He acquired the aforementioned Miami estate in 2019 for $27.8 million—roughly a third of its original $68 million ask—before relisting as pandemic-era demand surged and selling it at a huge profit to the “Blinding Lights” hitmaker.
Click here to see more photos of the Tampa residence.
the oaks estate tampa florida
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