USAFLTampaAdalia Bayfront CondoApt-704-2 Adalia Ave

APT 704-2 Adalia Ave, Tampa, FL

Condo

For Sale

Listed price in listed location currency (USD).

$649,000

222

MLS® TB8484507

Key Facts
Description
Rooms
Map

Key Facts

Type Condominium

Levels Residential

Size 1209 sqft

Garage Yes

HOA Fees

Taxes $8,615

Days Active 48

Approx. Age 1986

Avg. Price Per Sqft $536

MLS® Number TB8484507

Property Address: apt-704-2 Adalia Ave, TAMPA, FL, 33606-3316

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberTB8484507

Locker

Ensuite LaundryYes

Balcony

Furnished

Laundry LevelEnsuite

Exposure

Exterior

GarageYes

Approx. Age1986

Stories10

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 10, 2026List Date

$649,000List Price

Sep 21, 2023End Date

$3,650Sold Price

Leased

Apr 1, 2026List Date

$3,650List Price

May 17, 2024End Date

$3,495Sold Price

Leased

Jul 15, 2024List Date

$3,495List Price

Home Appraisal

This property is estimated to sell between: $461,000 and $743,000.

Similar properties in this area sold on average for: $461,666

Expected to sell in 104 days. Similar properties sold in 152 days. This home has been on eXp Realty for 48 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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Listing Agent

Estela Ziu

[email protected]

813-858-6267

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