TAMPA, FL 33607 2506 N ROCKY POINT DRIVE 331 and #275
$500,000



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Presented By: RED SASH REALTY LLC with 931-237-6592. - 931-237-6592
Home Details
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.
Presented By: RED SASH REALTY LLC with 931-237-6592. - 931-237-6592
Interior Features for 2506 N ROCKY POINT DRIVE 331 and #275
Bedrooms
Total Bedrooms2
Bathrooms
Total Baths2
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace FeaturesOutside
Fireplace Y/NNo
Furnished Y/NFurnished
Heating Y/NYes
Interior AmenitiesKitchen/Family Room Combo, Thermostat
Laundry FeaturesCommon Area
General for 2506 N ROCKY POINT DRIVE 331 and #275
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator
Assoc Fee Paid PerMonthly
Association AmenitiesElevator(s), Fitness Center, Laundry, Pool, Security
Association NameAl Alsaleh
Attached Garage No
Body of WaterTAMPA BAY
Building Area UnitsSquare Feet
Carport Y/NNo
CityTAMPA
Community FeaturesFishing, Waterfront, Gated Community - Guard, Pool, Sidewalks
Construction MaterialsConcrete
CoolingCentral Air
CountyHillsborough
DirectionsFrom FL-60 W / Kennedy Blvd West. Continue on FL-60 W, which becomes the Courtney Campbell Causeway (FL-60 W / FL-589). Take exit 2A toward Clearwater to merge onto W Courtney Campbell Causeway. After crossing the water, turn left onto N. Rocky Point Drive. Turn right onto Bay Club Court — the gated entrance to Sailport Waterfront Suites will be immediately ahead.
Flood Zone CodeAE
Garage Y/NNo
Gross Income108000
HOA Fee$1586
HeatingCentral, Electric
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionSAILPORT RESORT CONDOMINIUM ON THE BAY PHASE 1 UNIT 331 BLDG 1 .3951% UNDIV SHARES IN THE COMMON ELEMENTS EXPENSES AND SURPLUS & SAILPORT RESORT CONDOMINIUM ON THE BAY PHASE 2 PHASE 2 UNIT 275 BLDG 5 .3951% UNDIVIDED SHARES IN THE COMMON ELEMENT EXPENSES AND SURPLUS
LevelsOne
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet2
Lot Size UnitsSquare Feet
MLS Area33607 - Tampa
Minimum Lease1-7 Days
Monthly HOA Amount1586
New ConstructionNo
Number Of Units Total1
Occupancy TypeTenant
OwnershipFee Simple
Pets AllowedNo
Pool FeaturesHeated, In Ground
PossessionClose Of Escrow
Property SubtypeDuplex
Property TypeResidential Income
RoofMembrane
Security FeaturesFire Alarm, Key Card Entry, Security Gate, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSAILPORT RESORT CONDOMINIUM ON THE BAY & PHASE 2
Tax Annual Amount8609.68
Tax Lot0
Tax Year2025
Total Actual Rent9000
Unit Number331 and #275
UtilitiesBB/HS Internet Available, Cable Available, Cable Connected
ViewWater
Water Access Y/NNo
Water ViewBay/Harbor - Partial
Water View Y/NYes
Waterfront FeaturesWaterfront
Year Built1982
ZoningCG
Exterior for 2506 N ROCKY POINT DRIVE 331 and #275
Building Area Total1172
Exterior AmenitiesBalcony, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
Foundation DetailsPillar/Post/Pier
Lot Size Acres
Lot Size Area2
Number of Buildings0
Private PoolNo
Road Frontage TypeStreet Paved
Road Surface TypePaved, Asphalt
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Lillian Perez
Realtor®
SQFT • 1,032