Adalia Bayfront Condo Condos For Sale in Tampa - 2 condos

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)

Remarks: Breathtaking waterfront views of the Open Bay and Bayshore Boulevard! Located in the sought after community of Davis Islands, this 3 bedroom and 2 bath waterfront condo affords views from wall to wall sliding glass doors in both the living room and master bedroom. Enjoy the lovely wide covered terrace while watching the sailboats or catching the sunset. This unit features both updated kitchen and baths. The gourmet kitchen boasts granite countertops, stainless appliances, travertine floors and gorgeous custom cabinets. Enjoy the crown molding and custom wood floors in the bright open great room. Two parking spaces as well as an abundance of guest parking for you, your friends and family. Come and enjoy the "Island" lifestyle, you can walk to the popular Village or Tampa General is across the street. Just minutes away from Hyde Park, Soho, Downtown Tampa, Channelside and Ybor City for fine dining and entertainment. Come and enjoy the very best of Island living!

Listing is courtesy of: SMITH & ASSOCIATES REAL ESTATE (813-839-3800)

Listing Agent: Jeanne Wolfe (813-997-7654)