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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.
| DAYS ON MARKET | 42 | LAST UPDATED | 3/24/2026 |
|---|---|---|---|
| TRACT | SAILPORT RESORT CONDOMINIUM ON THE BAY & PHASE 2 | YEAR BUILT | 1982 |
| COMMUNITY | 33607 - Tampa | COUNTY | Hillsborough |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Microwave, Range, Refrigerator |
| AREA | 33607 - Tampa |
| CONSTRUCTION | Concrete |
| EXTERIOR | Balcony, Lighting, Outdoor Grill |
| FIREPLACE | Yes |
| HEAT | Central, Electric |
| HOA DUES | 1586 |
| LOT DESCRIPTION | Paved |
| POOL | Yes |
| POOL DESCRIPTION | Heated, In Ground |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | SAILPORT RESORT CONDOMINIUM ON THE BAY & PHASE 2 |
| TAXES | 8609.68 |
| UTILITIES | Cable Available, Cable Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Public |
| WATER ACCESS | TAMPA BAY |
MORTGAGE CALCULATOR
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Listing provided by Sunny Alexander, RED SASH REALTY LLC, 931-237-6592
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/3/26 5:18 AM PDT.
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