Adalia Bayfront Condo Real Estate

Welcome to Adalia Bayfront Condo, a hidden gem nestled along the stunning shores of Tampa, Florida. This exquisite waterfront community is situated in Hillsborough County, offering residents a perfect blend of luxury, comfort, and breathtaking views of Tampa Bay.

Adalia Bayfront Condo features an array of beautifully designed units, each thoughtfully crafted to maximize space and natural light. With modern amenities and high-end finishes, these condos provide a serene retreat for those looking to enjoy the vibrant lifestyle that Tampa has to offer. Picture yourself unwinding on your private balcony, sipping coffee while watching the sunrise over the bay, or hosting friends in your stylish living area, complete with panoramic water views.

The community is designed with your lifestyle in mind. Residents can indulge in a variety of amenities, including a sparkling swimming pool, state-of-the-art fitness center, and beautifully landscaped grounds perfect for leisurely strolls. The proximity to local attractions means you’re never far from the excitement. Explore the nearby shops, restaurants, and cultural venues, or take a short drive to the lively downtown area, where you can experience the best of Tampa’s nightlife.

For those who appreciate the outdoors, Adalia Bayfront Condo is just minutes away from beautiful parks and waterfront activities, including boating, fishing, and kayaking. With its prime location and luxurious offerings, Adalia Bayfront Condo is not just a place to live; it’s a lifestyle waiting to be embraced. Discover your dream home in this vibrant community and experience the best of Florida living!

$649,000

2 Beds ⋅ 2 Baths ⋅ Adalia Bayfront Condo SubDv. ⋅ 33606 Zip Code

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.

2 Adalia Avenue Unit 704, Tampa

Adalia Bayfront Condo Real Estate

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