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2506 N Rocky Point Drive #331 and 275, 
Tampa, FL 33607

$500,000


2

Beds


2

Baths


1,032

Sq Ft


Multi-Family

Active

Listed by

Sunny Alexander

Michael Beum

Red Sash Realty LLC.

Last updated:

April 8, 2026, 11:58 AM

MLS#

TB8489203

Source:

MFRMLS

About This Home

2506 N Rocky Point Drive #331 and 275

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.

Home Facts

Multi-Family

2 Baths

2 Bedrooms

Built in 1982

Price Summary

500,000

$484 per Sq. Ft.

MLS #:

TB8489203

Last Updated:

April 8, 2026, 11:58 AM

Added:

17 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

1,032 Sq. Ft.


Structure

Structure

Building Area:

1,172 Sq. Ft.

Year Built:

1982


Lot

Lot Size (Sq. Ft):

2


Finances & Disclosures

Finances

Price:

$500,000

Price per Sq. Ft:

$484 per Sq. Ft.

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Contact an Agent

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If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.