2915 W BAY COURT AVE, TAMPA, FL, 33611
$2,815,000
Residential Income
Bedrooms
4
Bathrooms
5
Living Area
2,835 Sqft
Lot Size
5,248 Sqft
Turnkey Luxury South Tampa Investment Opportunity. Fully Leased Single-Family Residence • 7.0% Cap Rate • Tenant in Place • Steps from Bayshore Boulevard. An exceptional opportunity to acquire a turnkey, income-producing luxury single-family residence in one of South Tampa's most coveted locations, just steps from iconic Bayshore Boulevard. Perfectly positioned in the heart of Bayshore Beautiful, this fully leased investment combines immediate cash flow with one of Tampa's strongest luxury rental markets. The property is secured by a one-year lease from July 27, 2026 through July 26, 2027, with the current tenants holding the option to extend for an additional year, generating $19,500 per month ($234,000 annually) and delivering an impressive 7.0% capitalization rate with an estimated Net Operating Income (NOI) of $197,006. The tenant pays all utilities, while the owner is responsible only for lawn and pool maintenance in addition to standard ownership expenses, creating a highly desirable, low-management investment. Beautifully remodeled from top to bottom, this 2,835-square-foot detached single-family home offers four bedrooms, four-and-a-half bathrooms, and luxury finishes throughout. The thoughtfully designed floor plan features an upstairs primary suite, spacious living and entertaining areas, and exceptional craftsmanship that continues to attract discerning executive tenants. The resort-inspired outdoor living space is equally impressive, showcasing a screened lanai, heated saltwater spa, gas fire pit, and private entertaining area, creating the perfect extension of the home's luxurious interior. Additional premium amenities include a whole-house generator, air-conditioned garage, and the property is offered fully furnished, making this a truly turnkey acquisition. Just moments from Bayshore Boulevard's scenic waterfront, Hyde Park Village, Downtown Tampa, Water Street, Tampa General Hospital, and South Tampa's finest dining, shopping, and entertainment, this rare offering presents the opportunity to acquire a stabilized luxury single-family rental asset in one of Tampa Bay's most prestigious and supply-constrained neighborhoods, where premier locations and consistent executive rental demand continue to drive long-term value and investment performance.
Property Details
Property Features Property Features
MLS ID: MFRTB8536971 Year Built: 1998
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator Community Features: None
Construction Materials: Block, Stucco Cooling: Central Air
Country: US County Or Parish: Hillsborough
Exterior Features: Fire Pit, French Doors Financial Data Source: Owner
Fireplace Features: Gas, Living Room Flooring: Carpet, Ceramic Tile, Wood
Foundation Details: Slab Furnished: Furnished
Heating: Central Laundry Features: Inside
Lease Term: Twelve Months Levels: Two
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional
Lot Features: City Limits, Near Public Transit, Paved Occupant Type: Tenant
Other Equipment: Fire Pit, Irrigation Equipment Parking Features: Driveway, Garage Door Opener, On Street
Patio And Porch Features: Porch, Rear Porch, Screened Pets Allowed: Yes
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Duplex Property Type: Residential Income
Road Surface Type: Asphalt Roof: Tile
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Lockbox, ShowingTime
Spa Features: Heated, In Ground Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Gas, Sewer, Water Utilities: Cable Available, Electricity Connected, Public
Water Source: Public Window Features: Shades
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