Items noted in chronological order:

1) 8/1/1925, Mortgage recorded on Mirasol in Mortgage Book 277, Page 306 in amount of
$375,000, from D.P. Davis Properties to G.L. Miller &; Co.
2) 5/5/1926, Mirasol grand opening was on May 5, 1926 at reported cost of $750,000 by
D.P. Davis organization
a. Original mix was 16 apartments, 22 guest rooms &; 23 hotel suites for a total of
61 units.
b. Source – The Tampa Tribune, May 6, 1926, Page 21
3) 6/18/1926 Deed in lieu of foreclosures recorded in Book 688 pages 82-83. D.P. Davis
Properties deeds 113 lots back to First National Bank of Tampa. The transfer included
the lands, contracts of purchase and notes that amounted to $600,000, $300k on page
82 and $300k on page 83. This represents an obvious sign of DP Davis’s Davis Islands
development vision failing as contract sales fell apart, deeding back lots to a bank one
month after the grand opening of Mirasol Hotel.
4) 9/9/1926 transfer of all Davis Islands assets from D.P. Davis Properties Inc. to Davis
Islands, Inc.(Stone &; Webster)
a. Book 699 Page 556, this was under the master transfer of all unsold Davis Island
parcels from D.P. Davis to Stone &; Webster (dba Davis Islands, Inc.), that starts
Book 699 Page 560-580.
b. The Mirasol property was on page 577, with notes that it was transferred subject
to a $375k mortgage that was recorded in Mortgage Book 327, Page 515.
5) 12/9/1931 deed transfer of The Mirasol from Special Master in Chancery (court sale) to
John D. Coltan
a. Recorded on 12/9/1931 – sale of property from G.L. Reeves, as Special Master
in Chancery, to John D. Colgan. Book 941, Page 581.
b. Legal sale of property pursuant to a foreclosure and sale entered on 10/24/1930,
wherein J.L. Morris and W. C. Coart, as Trustees, were complainants, and Davis
Islands, Inc., and Exchange National Bank of Tampa, were defendants, recorded
in Court of Chancery Order Book 134, page 510, City of Tampa.
c. High bidder was John D. Colgan, who acquired the Mirasol for $15,500 that was
also subject to $23,000 of unpaid City of Tampa taxes. Mirasol taxes were
assessed in the amount of $3,780 per year, the $23,000 balance represented
unpaid taxes since 1926.
a) On 1/9/1932 John D. Coltan transfers to George E. Cooney, Book 952
Page 313, and on 2/3/1932 George E. Cooney transfers to Mirasol, Inc.
Book 952 Page 311 – these were both internal transfers made among
original Mirasol Bondholders that were secured in a Mirasol mortgage.
b) The participating investors, reorganized as Mirasol, Inc., acquired the
property free of mortgages in this foreclosure sale. They later invested
additional funds in the Mirasol to make repairs and renovations in order
to reopen it.
c) Source of the above information per a 11/5/1937 Recorded resolution
document, Book 1069 page 400, describing the 1931 court sale of the
Mirasol to J.D Coltan, the transfer to George E. Cooney, who

transferred to Mirasol, Inc., which were done on behalf of investors that
participated in the Mirasol’s building construction. For additional source
of details, see City of Tampa vs. John D. Colgan which follows.
6) 10/15/1935 – City of Tampa vs John D. Colgan, et al. – see 111 Fla. 538, 149 Sou. Rep.
587.
a. After acquiring Mirasol for $15,500, subject to $23,000 (6 years of back taxes),
Colgan filed a complaint against the City of Tampa claiming the Mirasol’s value
was grossly over assessed. His claim was affirmed by the referenced court. A
judgement was made that the Mirasol’s assessment against its improvements
should be reduced from $195,000 to $100,000 for prior years and that the City of
Tampa would provide credit for taxes assessed and paid in years 1929,1930 &;
1991.
b. Case includes much detail on creditors, liens and management that prompted
receiver to close the property in years 1929-1931, its foreclosure and sale from
special master in Chancery.
c. Case includes additional details on Mirasol’s revenues and cash flows, the
properties inability to generate enough revenues to cover taxes, its functional
obsolescence and other operational and cash flow issues.
d. Case includes testimonies by brokers that were attempting to sell the property,
prior leasee’s, etc.

7) 11/1/1938 deed transfer from Mirasol Inc. to Sherman K. Smith
a. Book 1095 Page 234, purchased subject to an unpaid mortgage to Jefferson
Standard Life Ins. Co., recorded in Mortgage Book 548 Page 11.
b. Consideration was originally reported (per Tampa Tribune article) to be $140,000,
but later determined to be not more than $75k per a creditor lawsuit against
Sherman K. Smith that threatened foreclosure on the Mirasol in later years.
c. A judge ruled that in July 1943, that if Sherman Smith failed to pay a lien secured
on Mirasol, that the Mirasol would be sold at auction. This lawsuit revealed the
actual price paid by Smith for the Mirasol, see Tampa Tribune 7/8/1943 page 16,
and 7/16/1943 page 2.

8) 11/1/1940 deed transfer from Sherman K. Smith to Hotel Mirasol Inc.
a. Book 1160 Page 185, Consideration $10, not a arms length sale Sherman K.
Smith officer of Hotel Mirasol Inc.

9) 11/1/1945 deed transfer from Hotel Mirasol Inc. to Mirasol Hotel and Apartments Inc.
a. Book 1347 Page 241, Consideration $147,500
b. Mirasol Hotel and Apartments principals were Hendershot and Tinsley, article
discussing sale appeared in Tampa Tribune on 6/29/1945.

10) 12/1948 John Quincy Adams buys capital stock of Mirasol Hotel and Apartments Inc for
$100,000, subject to mortgages and liens. Source is The Tampa Tribune, Sunday Dec
26, 1948.
11) 1949-1951 Mirasol Hotel and Apartments Inc – foreclosures of mortgages, liens,
receivership and court sale:
a. Gulf Life Ins Co (mortgage holder) sues owner, for failure to pay taxes, later files
mortgage foreclosure
b. 1951 court sale of property held, under control of receiver, that involved
numerous creditors including Gulf Life Ins Co (mortgage of $105,000), a
mortgage from prior owner Tinsley and Hendershot for $100,824, Federal

Government tax lien exceeding $188,000 plus Hillsborough County Property tax
liens.
c. The lawsuits alleged that the hotel property was being allowed to “depreciate
through mismanagement”, given a rating of 81 per cent by the state hotel
commission which was the lowest rating allowable without revocation of its
licenses.
d. Sources – Tampa Tribune article 1/25/1951, page 11; Tampa Tribune article
8/18/1951, page 1.

12) August 1951 Lykes Bros buy corporate stock in Mirasol Hotel and Apartments at court
sale:
a. The purchase of the Mirasol Hotel and Apartment corporate stock, was done
simultaneously with their purchase of the corporate stock of four other
Hillsborough County Hotels controlled by John Quincy Adams that were also
subject to Federal tax liens, County tax liens and numerous other mortgages and
liens in default.
b. Sources - Tampa Tribune article 1/25/1951, page 11; Tampa Tribune article
8/188/151, page 1.

13) 12/31/1955 deed transfer from Mirasol Hotel and Apartments, Inc to Tampa Hotels, Inc
a. Book 1929 Page 39, Consideration $10
b. This was a transfer from one Lykes Bros controlled entity to another Lykes Bros
controlled entity

14) 12/31/1959 deed transfer from Tampa Hotels, Inc to Lykes Bros Inc.
a. Book 436 Page 577, sale subject to a plan of dissolution, this was another
transfer from one Lykes Bros controlled entity to another Lykes Bros controlled
entity

15) 2/9/1962 deed transfer from Lykes Bros to Davis Islands Towers, Inc.
a. Book 833 Page 605, consideration was $150,000.
b. Davis Islands Towers proceeded to rezone the property and redevelop the site
with a multi-family site plan.
c. The property had fallen into disrepair over the years, Davis Islands Towers
budgeted $500,000 in renovations necessary to repair, renovate and re-open the
property which were over and above its $150,000 purchase price.
d. Additional Sources – Various Tampa Bay Times articles written throughout 1962,
see 1/31/1962, 2/11/1962, 7/13/1962, 9/16/1932.

16) 11/16/1979 deed transfer from Davis Islands Towers Inc. to Jeanne R. Winter
a. OR Book 3591 Page 367, consideration was $965,500, and reportedly spent
another $400,000 improving it to bring back to original prestige.
b. Additional Sources – Tampa Bay Times articles reporting sale and renovations
made

17) 7/26/1999 deed transfer from Jeanne R. Winter to Robert Vertz
a. OR Book 9745 Page 1950, Consideration was $5,000,000.
18) 8/2/2016 deed transfer from Robert Vertz to The Mirasol of Tampa, LLC
a. Book 24275 Page 1407, Consideration was $10,375,000
19) 9/16/2021 deed transfer from The Mirasol of Tampa, LLC to Mirasol Davis Islands LLC
and Carriera 2 Mirasol, LLC, as tenants in common.
a. Instrument # 2021471638, Consideration was $20,000,000

b. Current Recorded Mortgage of $12,500,000, instrument # 2023298267 dated
7/7/ 2023 to Valley National Bank

​

Additional References &; Sources include:
20) Hillsborough County Planning Board staff report for Mirasol 8-11-25 public
hearing
21) LUAHillsborough County Property Appraiser
22) City of Tampa Records Department
23) City of Tampa Building Department &; Acella Records
24) Hillsborough County Clerk of Court
25) Hillsborough County Records &; Archives Departments:
a. Provided previous Mirasol building permits, site plans &; variances
b. Provided the original Davis Islands Plat, City of Tampa’s original zoning
map from the 1940’s with original zoning ordinances applicable to Mirasol
c. Provided the rezoning information and ordinances from Mirasol’s 1961-
1962 Re-zoning

26) State of Florida Supreme Court Records
27) The continued evolution of Davis Islands, 1931-1961, Digital Commons at USF,
Sunland Tribute, Volumes 18,25 &; 27.
28) The History of Davis Islands, Rodney Kite-Powell, along with various other
publishing’s of Rodney Kite-Powell.
29) Tampa Tribune Newspaper – Archived article going back to 1925
30) Davis Islands population sources:
1) the continued evolution of Davis Islands, 1931-1961, Digital Commons at
USF, Sunland Tribute, Volumes 18,25 &; 27.
2) Esri forecasts using U.S. Census Bureau decennial Census data converted
by Esri.
3) City-Facts.com/ Davis Islands Population