2 Adalia Avenue #704, Tampa, FL 33606
Local realty services provided by:CENTURY 21 Selling Paradise
Listed by: estela ziu
Office: compass florida, llc.
MLS#:TB8484507
Source:MFRMLS
Price summary
- Price:$649,000
- Price per sq. ft.:$536.81
About this home
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....
Contact an agent
Home facts
- Year built:1986
- Subdivision & Development:ADALIA BAYFRONT CONDO
- Listing ID #:TB8484507
- Added:186 day(s) ago
- Updated:September 12, 2026 at 04:53 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Hardwood
- Kitchen Description:Cooktop, Dishwasher, Kitchen/Family Room Combo, Solid Surface Counters, Solid Wood Cabinets
- Living area:1,209 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1986
- Building area:1,209 sq. ft.
- Exterior Features:Outdoor Grill, Sidewalk
- Foundation Description:Slab
- Levels:Three Or More Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$649,000
- Price per sq. ft.:$536.81
- Tax amount:$8,615 (2025)
Features and amenities
- Appliances:Cooktop, Dishwasher
- Laundry features:Inside
- Amenities:Cable Connected, Elevator, Kitchen/Family Room Combo, Solid Surface Counters, Solid Wood Cabinets
- Pool features:Public Pool
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:2
The information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. CENTURY 21 Selling Paradise is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Selling Paradise, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Properties in listings may have been sold or may no longer be available.
Copyright 2026 Stellar Mls. All rights reserved. MFRMLS Member Broker: Robert MahanNew listings near 2 Adalia Avenue #704
- Coming Soon
$449,900Coming Soon3 beds 2 baths1,493 sq. ft.925 E Sligh Avenue, TAMPA, FL 33604
MLS# TB8547874Listed by: QUICKSILVER REAL ESTATE GROUP - Coming Soon
$1,775,000Coming Soon5 beds 5 baths3,735 sq. ft.3610 S Renellie Drive, TAMPA, FL 33629
MLS# TB8540902Listed by: COMPASS FLORIDA LLC - Coming Soon
$399,999Coming Soon3 beds 2 baths1,068 sq. ft.1717 W Mohawk Avenue, TAMPA, FL 33603
MLS# TB8545915Listed by: HOMAN REALTY GROUP INC - Coming SoonOpen Sat, 1 to 3pm
$400,000Coming Soon3 beds 3 baths2,445 sq. ft.9723 Tiffany Oaks Lane #3B, TAMPA, FL 33612
MLS# TB8547517Listed by: BHHS FLORIDA PROPERTIES GROUP - Coming Soon
$1,100,000Coming Soon6 beds 5 baths3,897 sq. ft.20101 Fair Hill Way, TAMPA, FL 33647
MLS# TB8542805Listed by: CARTWRIGHT REALTY - Coming Soon
$2,100,000Coming Soon5 beds 6 baths3,723 sq. ft.619 Danube Avenue, TAMPA, FL 33606
MLS# TB8546310Listed by: KELLER WILLIAMS TAMPA PROPERTIES - Coming Soon
$439,900Coming Soon3 beds 2 baths1,347 sq. ft.4112 W Wallace Avenue, TAMPA, FL 33611
MLS# TB8546304Listed by: TAMPA INVESTORS SOLUTIONS LLC - Coming Soon
$819,999Coming Soon3 beds 2 baths1,893 sq. ft.204 W Thomas Street, TAMPA, FL 33604
MLS# TB8546493Listed by: PALM PARADISE REALTY GROUP - Coming Soon
$1,225,000Coming Soon5 beds 4 baths3,073 sq. ft.14607 Canopy Drive, TAMPA, FL 33626
MLS# TB8546268Listed by: CHARLES RUTENBERG REALTY INC - Coming Soon
$180,000Coming Soon2 beds 2 baths1,172 sq. ft.2003 E Ellicott Street, TAMPA, FL 33610
MLS# TB8546181Listed by: BROOKS REALTY GROUP LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.