Property
| Furnished: | YES |
|---|---|
| Ownership: | Fee Simple |
| Type: | Duplex |
| Bedrooms: | 2 BR |
| Bathrooms: | 2 |
| Pets: | Pets Allowed |
Financials
Price:$500,000
Annual Taxes:$8,609.68
Common charges:$1,586
Listing Courtesy of RED SASH REALTY LLC
Investment Opportunity Turnkey Waterfront Condo Hotel Package Rays by the Bay Mangrove Bay Tampa, FL Rare opportunity to acquire two fully furnished, income producing 1 bedroom 1 bathroom condo hotel ...



Description
Investment Opportunity: Turnkey Waterfront Condo-Hotel Package – Rays by the Bay & Mangrove Bay | Tampa, FL
Rare opportunity to acquire two fully furnished, income-producing 1-bedroom/1-bathroom condo-hotel units located on scenic Tampa Bay. Offered as a package, Rays by the Bay and Mangrove Bay are turnkey investments with strong, consistent short-term rental performance and year-round guest demand.
The Units: Each unit is thoughtfully designed to maximize comfort and revenue, sleeping up to 4 guests. Both feature a private bedroom, spacious living area with sleeper sofa, fully equipped kitchen, modern bathrooms, and private balconies with stunning bay views. These well-maintained suites are consistently guest-ready and optimized for short-term rental success.
Turnkey Investment Highlights
• Fully furnished and professionally maintained
• Strong ADR and occupancy rates
• Active listings on major Online Travel Agencies (Airbnb, VRBO, etc.)
• Future bookings transferable to new owner
• Currently managed by a professional management company (optional to retain)
• Option to acquire existing LLC for a seamless transition
Resort-Style Amenities That Drive Bookings
Guests enjoy a full-service waterfront experience, including:
• Geo-thermal heated pool (84°F year-round)
• Sandy beach with direct bay access
• Tiki bar & Bayside dining
• Fire pit, BBQ & picnic areas
• Sand volleyball court & outdoor fitness equipment
• 24/7 gated security
• Covered parking with elevator access
• On-site laundry facilities
Prime Tampa Location
Situated in the highly desirable Rocky Point area, these units offer unmatched convenience:
• 5 minutes to Tampa International Airport (TPA)
• Minutes to Downtown Tampa & Westshore Business District
• Near Raymond James Stadium (home of the Buccaneers)
• Easy access to Clearwater Beach, St. Petersburg & Hyde Park
• Close to Busch Gardens, Adventure Island & top local attractions
The Investment Case: Tampa’s short-term rental market remains one of the strongest in Florida, and waterfront properties on Rocky Point command premium nightly rates. With established rental history, consistent 5-star guest experiences, and resort infrastructure already in place, this package offers immediate income with minimal operational friction.
Whether you're expanding your portfolio, completing a 1031 exchange, or securing a dual-unit vacation investment, this is a rare opportunity to own two high-performing waterfront assets in one of Tampa’s most desirable rental corridors.
Amenities
- Balcony
- Bb Hs Internet Available
- Cable - Available
- Cable Connected
- Dishwasher
- Disposal
- Elevators
- Fire Alarm
- Fitness Center
- Gated Community Guard
- Key Card Entry
- Kitchen Family Room Combo
- Laundry
- Lighting
- Microwave
- Outdoor Grill
- Outside
- Paved
- Pool
- Range
- Refrigerator
- Security
- Security Gate
- Sidewalk
- Sidewalks
- Sliding Doors
- Smoke Detectors
- Thermostat
- Water
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.