What is the Asking Price?

The current asking price for this property is $649,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : South Tampa area, 10 stories, 2 beds, 2 baths, 1,209 sqft, water access, built in 1986, 47 pictures.

Where is the property located?

Property is located at 2 ADALIA AVE #704, TAMPA, FL, US. You can view this listing on our map here .

En venta: 2 Adalia Ave #704, Tampa, 33606, FL

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2 ADALIA AVE #704, TAMPA, 33606

$649,000
2 Beds, 2 Baths , 1,209 Sq.Ft
County: Hillsborough
Subdivision: ADALIA BAYFRONT CONDO

Property highlights

MLS#: TB8484507
2.00 lot size Sq.Ft.
Year built: 1986
Floor: 7
Parking spaces: 2
Pool: Community pool
Waterfront: (33 ft)

Listed: 03/09/2026
Taxes: $8,615.39
Condo maintenance: $1,374.00 Monthly
Average Monthly Fees (not including CDD, if any): $1,777.00
Maintenance fee includes: Pool, Electricity, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management and Other
Building Name: ADALIA BAYFRONT
Virtual Tour

Property Overview

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.

Driving directions : From Platt Street take S Hyde Park Ave over the Davis Islands Bridge. Your first right at the bottom of the bridge is Adalia Avenue. Turn right into Adalia Bayfront gate on your right. Follow signs to Visitor Parking spaces as you pass under the portico. Alternative: From Bayshore Blvd heading North, veer right on to Davis Islands bridge just before Downtown. Your first right at the bottom of the bridge is Adalia Avenue. Turn right into Adalia Bayfront gate on your right.

Property Features

Rooms	Dimension	Description
Balcony/Porch/Lanai		First level
Primary Bedroom		First level
Primary Bathroom		First level
Bedroom 1		First level
Bathroom 1		First level
Kitchen		First level
Living Room		First level

Interior Features

Elevator
Kitchen/Family Room Combo
Solid Surface Counters
Solid Wood Cabinets

Appliances

Cooktop
Dishwasher

Heating

Central

Laundry features

Inside

Air Conditioning

Central Air

Floor Covering

Hardwood

Utilities

Cable Connected
Electricity Connected
Other

Exterior features

Other
Outdoor Grill
Sidewalk

Community Features

Clubhouse
Community Mailbox
Fitness Center
Gated Community - No Guard
Golf Carts OK
Pool

Construction Materials

Other

Water access details

Bay/Harbor
Marina
Assigned Boat Slip

Road Surface Type

Asphalt

Roof

Other

Foundation

Slab

Listing information courtesy of COMPASS FLORIDA, LLC

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Listing data comes from My Florida Regional MLS.