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Now available—South Tampa's best-kept waterfront secret! Secure this rare opportunity to own an undiscovered paradise offering direct deep-water access on one of the few dredged canals west of the city.
Situated on an approx. 60x132 foot homesite on a dead end street, the property offers exceptional potential—whether building a custom waterfront estate or redeveloping the existing block home and detached 400 sq. ft. living space. A survey is available to assist with planning and design.
With a private dock footprint already in place and a new seawall contracted for construction, the property sets the stage for seamless boating access directly into Tampa Bay and Florida's Gulf Coast, offering endless opportunities for fishing, boating, and coastal exploration.
The investment potential here is significant, with several nearby homes—including the one next door—planned for teardown and new construction. Directly across the canal, you'll find the exclusive new waterfront development, The Isles at Old Tampa Bay, currently offering waterfront estate lots starting at $2. 6 million.
Its prime location near the Gandy Bridge and Lee Roy Selmon Expressway ensures swift access to downtown Tampa, St. Pete, and Florida's Gulf Beaches.
Prior to recent hurricanes, the existing all-block home underwent significant renovations in 2024, including a new roof, PGT hurricane-impact windows, a tankless water heater, new HVAC system, and updated kitchen and bathroom cabinetry featuring quartz countertops and modern fixtures. Please note that the property experienced water intrusion during recent hurricanes, resulting in some damage that may require repairs if the intention is to occupy rather than rebuild. Given the extensive updates already completed, you have the flexibility to repair and move in, or use the property's outstanding location and deep-water access as a foundation for a brand-new custom waterfront estate.
Where deep water, redevelopment potential, and affordability intersect, opportunities like this are increasingly rare in South Tampa. Property sold as is. Buyers are responsible for verifying all information, including sq. ft. measurements, zoning, buildability, future land use, environment factors, and other material facts related to the property and land.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.754% | 6.792% |
Monthly Tax Payment | $223 | $223 | $223 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,399 | $6,654 | $9,124 |
Total Monthly Payment | $6,747 | $7,002 | $9,472 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.