PROPERTY HIGHLIGHTS
TYPE
Single Family Residence
BEDROOMS
3
BATHROOMS FULL
3
GARAGE
3
LIVING AREA
2,025 sq.ft.
LOT SIZE
0.18 acres
YEAR BUILT
1990
PRIVATE POOL
No
SELLING FIRM
Premier Sotheby'S Intl Realty
MLS#
TB8344074
Waterfront Living Without Compromise — 7418 Bay Drive, Tampa, Florida. Welcome to a rare opportunity in REOlds Farm, one of Tampa’s most serene waterfront enclaves. This elevated three-bedroom, three-bath residence offers the ideal blend of tranquility, functionality and flexibility—with no HOA restrictions and full rental freedom. Enjoy panoramic water views from nearly every room, with direct canal access to Tampa Bay and the Gulf of Mexico—no bridges required. The recently upgraded floating dock and TREX-decked lounge invite boating, paddleboarding and relaxed alfresco living. Significant infrastructure upgrades include a 2024 HVAC system, 2021 seawall, new roof, remote-access gated entry and a fully fenced yard. Inside, the open-concept layout centers around a gourmet kitchen appointed with granite countertops, stainless steel appliances and a generous dining area. The primary suite features serene water views and a spa-inspired en-suite bath. Two additional bedrooms are privately situated on the opposite wing. Downstairs, the oversized garage accommodates two vehicles plus over 1,000 square feet of finished, air-conditioned flex space—ideal for a home office, guest suite, gym or income-producing opportunity. Based on nearby short-term rental performance, projected income ranges from $5,200–$5,900/month at 60% occupancy—making this property an exceptional blend of personal enjoyment and potential passive income. This home is ideally located minutes from a driving range, waterfront parks, and two dog parks, with Oldsmar and Tampa’s lifestyle amenities just a short drive away. The neighborhood’s peaceful, golf cart-friendly streets and proximity to green spaces create a truly enviable lifestyle. No HOA. No rental restrictions. Endless potential.
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PROPERTY DETAILS
INTERIOR FEATURES
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
APPLIANCES
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator, Water Softener
HEATING
Central, Electric
COOLING
Central Air
FIREPLACE
No
EXTERIOR FEATURES
Lighting, Private Mailbox, Rain Gutters, Sliding Doors
COMMUNITY POOL
No
WATERFRONT
Yes
COUNTY
Hillsborough
ELEMENTARY SCHOOL
Lowry-HB
MIDDLE SCHOOL
Farnell-HB
HIGH SCHOOL
Alonso-HB