2
BEDS
1,032
SQ.FT.
TYPE
Duplex
BEDROOMS
2
LIVING AREA
1,032 sq.ft.
YEAR BUILT
1982
NEW CONSTRUCTION
No
SELLING FIRM
Red Sash Realty Llc
MLS #
TB8489203
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.
Tampa's economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, government, technology, and the Port of Tampa. Contributing to the success of the community is the way businesses, city government, and citizens work together to make Tampa a better place to live.
Have you outgrown your current home, do you wish to downsize, or are you thinking about a change of scenery? Buying a home represents one of the most significant investments of your life. For most, this is an exciting but overwhelming time. You want someone looking out for your interests.
Whether new construction or pre-owned, we’ll help you find the perfect home to fit your needs. Our buyer services are paid for by the seller, so you can leverage our expertise without paying a buyers’ agent fee. We look forward to helping you start the next chapter of your Tampa Bay housing journey!
Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Sun, 09 Aug 2026 07:12:22 GMT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.