Tampa Bay’s Most Expensive House Sums up the Metro’s Vexing Inflation

In the year to May, the Tampa, St. Petersburg and Clearwater metropolitan area had the worst annual inflation of the cities broken out in the index, having jumped 7.3% over the 12-month span, according to the Labor Department data. That was well above the U.S. inflation rate, which slowed to 4% in May from 4.9% in April. 

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Demonstrating exactly how much prices are rising in the area, the Clearwater compound returned to the market last week asking a hair under $40 million—more than double what it was asking at the start of the year and four times what it sold for several years ago. 

It’s the most expensive offering currently available to purchase across the swath of west coast Florida. 

The property, which has views of Clearwater Bay, encompasses a more than 23,000-square-foot main house and two guest properties that together offer 19 bedrooms. 

The main house has formal and informal living spaces and dining spaces, a library, a home theater, a music studio, a sunroom, a trophy room and a ballroom, according to the listing with Kenny Hayslett of RE/MAX Action First. The agency didn’t immediately respond to a request for comment. 

Outside, there are three pools, a tennis court, a basketball court, a carriage house and boat docks. 

The Fed is meeting Tuesday and Wednesday, with the central bank widely expected to leave its benchmark U.S. interest rate unchanged at the end of its two-day meeting, according to MarketWatch. 

This article originally appeared on Mansion Global.