- 4 beds
- 3 baths
- 3,025 sqft
- 7,980 sqft lot
- $200 per sqft
- 1990 build
- – on site
INVESTOR-FRIENDLY WATERFRONT ASSET – 7418 BAY DRIVE, TAMPA, FL. Fully updated, income-ready, and short-term rental approved with no HOA, no deed restrictions, and no rental limitations—this is a rare waterfront opportunity that checks all the investor boxes. Located in the golf cart-friendly REOlds Farm neighborhood, this elevated 3-bedroom, 3-bath home offers direct, bridge-free access to Tampa Bay and the Gulf of Mexico, making it a high-demand option for boaters and vacationers alike. Major updates include a 2024 HVAC system, 2021 seawall, new roof, remote-gated entry, and a fully fenced yard, meaning low maintenance for years to come. The interior features an open-concept layout with a granite-stacked kitchen, stainless appliances, and water views from the primary suite. Downstairs, a 2-car garage leads to over 1,000 sq ft of air-conditioned flex space with a private entrance—ideal for a rental unit, guest quarters, office, or gym. Outdoors, enjoy a new floating dock, Trex-decked lounge, and deepwater canal ideal for boaters and anglers. Minutes to Oldsmar’s public boat ramp, Upper Tampa Bay Park, Empower Adventures zipline, HorsePower for Kids, multiple dog parks, and nature preserves—this location draws families, nature lovers, and adventure seekers year-round. With true lock-and-leave capability, zero HOA oversight, and a flexible floor plan that supports both full-time and partial rental strategies, this property is an ideal addition to any investor’s portfolio. Waterfront income. Minimal restrictions. Maximum upside.
Last checked:
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Last updated Jun 14, 2025
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MLS# TB8375353 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1990
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New Construction:false
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Construction Materials:Concrete
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Levels:Two
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Roof:Shingle
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Foundation Details:Slab
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Patio And Porch Features:Covered
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Security Features:Security Fencing/Lighting/Alarms
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# of Buildings:1
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Building Area Total:4662
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Carpet
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Additional Rooms:Attic
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Fireplace:false
Room Dimensions
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Living Area:3025
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Living Area Units:Square Feet
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Living Area Source:Owner
Location
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Directions:: East on Tampa Road, Right on Lafayette Blvd, Left on Race Track Rd S, Left on State St. State St becomes Bay Dr, house on Right almost at end of street.
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Latitude:28.018823
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Longitude:-82.644605
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Coordinates:-82.644605, 28.018823
The Property
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Parcel Number:U30281706J00000014500.0
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Property Type:Residential Income
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Property Subtype:Duplex
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Lot Features:Flood Insurance Required
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Lot Size Acres:0.18
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Lot Size Area:7980
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Lot Size SqFt:7980
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Lot Size Dimensions:60 x 133
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:RSC-6
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View:Trees/Woods
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View:true
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Exterior Features:Balcony
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Water Source:Public
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Road Surface Type:Paved
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Road Frontage Type:Street Paved
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Flood Zone Code:AE
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Additional Parcels:false
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Homestead:true
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (727) 515-6504
- Office phone:
- (727) 595-1604
Taxes
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Tax Year:2024
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Tax Lot:53
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Tax Legal Description:REOLDS FARM PLAT NO 1 19 20 29 30 AND 31 28 17 TRACT BEG 507.68 FT E & 180 FT S OF NW COR OF LOT 53 & RUN E 133.36 FT S 60 FT W 133.04 FT & N 60 FT TO BEG
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Tax Book Number:1-145
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Tax Annual Amount:$7,253.42
Beds
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Bedrooms Total:4
Baths
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Total Baths:3
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/TB8375353
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Septic Tank
Appliances
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Appliances:Dishwasher
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Laundry Features:Inside
The Community
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Subdivision Name:REOLDS FRM PLT 1 19 20 29
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Senior Community:false
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Community Features:Bay/Harbor Front
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Waterview:Bay/Harbor - Partial
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Waterview:true
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Water Access:Bay/Harbor
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Water Access:true
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Water Extras:Bridges - No Fixed Bridges
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Water Body Name:MOBBLY BAY TO TAMPA BAY
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Waterfront:true
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Waterfront Features:Bay/Harbor Front
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Pool Private:false
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Association:false
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Ownership:Fee Simple
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Association Approval Required:false
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Additional Water Information:No bridges - canal accommodates small boats, kayaks, jet skis and paddleboards. Canal leads to Mobbly Bay which leads to Tampa Bay which leads to the Gulf of Mexico!
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Waterfront Feet Total:60
Parking
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Garage:true
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Attached Garage:true
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Garage Spaces:3
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Carport:false
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Covered Spaces:3
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Open Parking:true
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Parking Features:Bath In Garage
Extra Units
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# of Units Total:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/14/25
Jun 14, 2025
|
Price Changed | STELLAR_MLS | $605,000 | -4.7% |
5/22/25
May 22, 2025
|
Price Changed | STELLAR_MLS | $635,000 | -1.6% |
4/16/25
Apr 16, 2025
|
Listed / Active | STELLAR_MLS | $645,000 | 9.7% (2.9% / YR) |