Adalia Bayfront Condo Condos For Sale in Tampa - 2 condos

Remarks: Under contract-accepting backup offers. Enjoy sweeping views of the open bay from this bright and inviting 2-bedroom, 2-bath condominium perfectly situated in one of Tampa’s most coveted island communities -Davis Islands. Natural light fills the spacious interior through wide impact rated glass doors that open to an oversized balcony overlooking the water - the perfect spot to unwind and take in the sunsets. Inside, you’ll find a beautifully redesigned kitchen with custom cabinetry, stainless steel appliances, and an expansive granite island that flows seamlessly into the main living area, ideal for both everyday living and entertaining. The primary suite offers its own private access to the balcony, while both bedrooms feature upgraded windows for sound reduction and comfort. Residents enjoy peace of mind in a financially strong, well-managed HOA with immaculate grounds, a waterfront pool, and boat slips available for rent directly through the association. Two parking spaces (one covered), additional guest parking, and a private storage area add convenience. Experience the best of island life while staying just minutes from downtown Tampa, Bayshore Boulevard, Hyde Park, and Soho. This is a rare opportunity to enjoy waterfront serenity in a vibrant, connected location.

Listing is courtesy of: CORCORAN DWELLINGS (727-888-4663)

Listing Agent: Liane Jamason (727-755-3325)

Remarks: Some investments ask you to be patient. This one pays you while you wait. On a quiet street at the northern tip of Davis Islands, The Adalia Bayfront rises ten floors above Hillsborough Bay with the kind of unhurried confidence that only waterfront buildings on private island communities tend to carry. Unit 704 is one of the most strategically positioned assets currently available in this market, not because of what it looks like, but because of what it does. It generates income. From the day you close, rent arrives. No renovation sprint, no lease-up anxiety, no first-month vacancy. A qualified tenant is already in residence, with annual rent escalations contractually embedded into the lease. The current lease runs through June 2027. What makes this unit harder to replace than most people realize: the Adalia Bayfront Association permits only 6 of its 65 units to be leased at any given time. This is one of them. With rental supply capped at the association level, demand stays concentrated, rents stay firm, and the competitive set for your income stream stays deliberately narrow. The building itself needs little introduction to anyone who knows South Tampa. Gated entry, on-site management, a saltwater pool that faces the bay, and a private marina with boat slips and lifts capable of handling vessels up to 13,000 pounds. This is the only building in the immediate vicinity with that kind of direct water access. Fitness center, sauna, community room, two reserved parking spaces per unit, dedicated storage. Tampa General Hospital is two blocks away. Downtown Tampa and Water Street are five minutes by car. The Davis Islands Yacht Club, the village shops, the dog beach are all within walking distance. Davis Islands has a way of holding its value that other Tampa neighborhoods aspire to. It is the kind of place where residents put down roots and stay, which, for an investor, is exactly the kind of community loyalty that underpins a long and stable tenancy. Comparable units in the building are actively listing above current contracted rent, which means the gap between what this tenant pays today and what the market will bear in June 2027 is already built into the asset. At the end of the lease, you hold a premium waterfront asset in one of Tampa Bay's most sought-after zip codes, free to release at current market rates, occupy personally, or sell on your own timeline and entirely your own terms. For a 1031 exchange buyer needing to place capital quickly, this is a turnkey acquisition with an income stream that begins immediately. For an international or out-of-state investor looking for a professionally managed, low touch hold in a market with genuine appreciation history, this is the kind of property that earns its keep.

Listing is courtesy of: COMPASS FLORIDA, LLC (305-851-2820)

Listing Agent: Estela Ziu (813-858-6267)