2915 W Bay Court Ave 1 Unit Apartment Building Offered at $2,815,000 at a 7% Cap Rate Tampa, FL 33611

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.