7418 BAY DR Active Save Request In-Person Tour Request Virtual Tour
Tampa,FL 33635
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,025 sqft
Price per Sqft $213
Subdivision Reolds Frm Plt 1 19 20 29
MLS Listing ID TB8375353
Bedrooms 4
Year Built 1990
Annual Tax Amount $7,253
Lot Size 7,840 Sqft
Property Sub-Type Duplex
Property Description
INVESTOR ALERT—WATERFRONT INCOME POTENTIAL WITH NO HOA AND NO RENTAL RESTRICTIONS. Welcome to 7418 BAY DRIVE in the sought-after RE OLDS FARM neighborhood of TAMPA, where this TURNKEY CANAL-FRONT PROPERTY offers direct access to MOBBLY BAY with NO BRIDGES—perfect for small boats, kayaks, jet skis, and paddleboards. This FULLY STR-ELIGIBLE HOME is ideal for AIRBNB, VRBO, TRAVELING NURSES, or DUAL-LIVING INVESTORS seeking strong rental returns in a high-demand area. Featuring THREE BEDROOMS and THREE FULL BATHS, the main home is updated with a NEW ROOF (2024), NEW WATER HEATER (2025), newer A/C (2021), and a STYLISH KITCHEN. The real bonus? A RARE 1,000 SQ FT AIR-CONDITIONED LOWER-LEVEL SUITE with a PRIVATE ENTRY, BEDROOM, LIVING AREA, and FULL BATH—perfect for generating GUEST INCOME or MULTI-GENERATIONAL LIVING. Enjoy FISHING, KAYAKING, or SUNSET PADDLES right from your FLOATING DOCK, and soak up the Florida lifestyle with TWO DOG PARKS, A BEACH, GOLF DRIVING RANGE, UPPER TAMPA BAY PARK, MOBBLY BAYOU PRESERVE, ZOOTAMPA, and MULTIPLE RECREATION AREAS all within minutes. Ideally positioned on the border of TAMPA AND PINELLAS COUNTIES, this location offers EASY ACCESS TO DOWNTOWN TAMPA, TAMPA INTERNATIONAL AIRPORT, AND THE PINELLAS COUNTY BEACHES. While this home is currently used as a primary residence, PROJECTIONS SHOW STRONG SHORT-TERM RENTAL INCOME POTENTIAL at today's rates. This is a RARE OPPORTUNITY to own a FLEXIBLE, WATERFRONT INCOME PROPERTY with IMMEDIATE UPSIDE and unbeatable lifestyle access in the heart of TAMPA BAY.
Location
State FL
County Hillsborough
Community Reolds Frm Plt 1 19 20 29
Area 33635 - Tampa
Zoning RSC-6
Rooms
Other Rooms Attic,Bonus Room,Family Room,Formal Dining Room Separate,Inside Utility,Interior In-Law Suite w/Private Entry
Interior
Heating Central,Electric
Cooling Central Air
Flooring Carpet,Hardwood,Vinyl
Laundry Inside
Exterior
Exterior Feature Balcony,Fence,Lighting,Private Mailbox,Rain Gutters,Sliding Doors,Storage
Parking Features Bath In Garage,Boat,Driveway,Garage Door Opener,Oversized
Garage Spaces 3.0
Community Features Dog Park,Golf Carts OK,Stable(s),Horses Allowed,Park,Playground,Street Lights
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Waterfront Description Canal - Brackish
View Y/N Yes
Water Access Yes
View Trees/Woods,Water
Roof Type Shingle
Building
Lot Description Flood Insurance Required,FloodZone,Private,Paved
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type Concrete,Stone
New Construction false
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8375353