Description
Under contract-accepting backup offers. Investment Potential in Palmetto Beach neighborhood, one of Tampa's historic coastal communities experiencing ongoing revitalization. Perfectly located just 1.5 miles from Historic Ybor City and a mere 2.5 miles from Downtown Tampa. Set elegantly on an oversized 77 by 118 foot corner lot directly across from the sparkling waters of McKay Bay, this 1933 bungalow represents a rare, defining opportunity in the Tampa Bay market. 2,168 square feet of living space with 3 bedrooms and 2 bathrooms is a dramatic architectural canvas waiting for its next chapter, whether that means a grand restoration or the creation of a brand new custom luxury estate. The home features 12-foot ceilings throughout, and sunlight pours through several large windows in each room. True craftsmanship echoes through the custom crown moldings, intricate ceiling dials, beautifully framed doors and windows, and graceful arched openings that connect the main living areas. A classic wood burning fireplace stands ready to serve as the heart of the home. Functional extras include a partially floored attic for abundant storage and a brand new roof installed in October 2024. An oversized detached two car garage provides exceptional utility, complete with a laundry room, storage room, and plumbing already in place for a half bathroom. The detached layout and generous lot size could offer potential for the future construction of a secondary living structure on site. The natural beauty of the McKay Bay bird estuary and the sprawling amenities of Desoto Park are right across from this property. Residents will enjoy immediate access to a waterfront playground, basketball courts, a soccer field, a skate park, walking and jogging trails, and a beautiful zero entry public pool. Location is everything, and this property sits at the epicenter of Tampa's most exciting multi-million dollar transformations. Just a little over a mile away, the 50 acre Gas Worx mixed use development will seamlessly connect Ybor to Downtown, while the Ybor Harbor project will introduce a vibrant waterfront boardwalk, premier dining, and lush green spaces. Even closer, the neighborhood is poised for an evolution. The City of Tampa's Pathways to Palmetto Project is proposed to reconstruct the McKay Bay seawall, add modern sidewalks, and revitalize Bermuda Boulevard. The northern lot next door will have a new build, similar to the 2023 new build next to it, in 2026/2027. Please note, this property has experienced previous flooding and fire damage. It is being sold strictly as-is, presented as a full remodel opportunity or a premier tear-down site for an exquisite new construction build. Whether you are a local custom builder looking for your next marquee project, a seasoned investor ready for a major flip, or an ambitious primary buyer wanting to build a forever home with views of the water, bring your contractor and your imagination to claim your piece of the Tampa waterfront lifestyle.
Details
| MLS # | TB8522115 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | For-sale |
| Status | Active Under Contract |
| Year | 1933 |
| Days On Site | 104 |
| Listing Provided By | COMPASS FLORIDA LLC | Cristy Holt |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,168 |
| Garage | 2 |
| Story(s) | 1 |
| Zoning | RS-50 |
| Acreage | 0.21 |
| Property View | Park, Greenbelt, Trees, Woods, Wat |
Taxes
| Property | 284 |
|---|
Area Information
| State | FL |
|---|---|
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33605 |
| Area | 33605 Tampa | Ybor City |
| Community Name | EAST TAMPA BLOCKS 1 TO 40 |
| School District | Blake-HB |
| High School | Blake-HB |
| Listing VS Median (in EAST TAMPA BLOCKS 1 TO 40) | |
Price: $395,000 low | high Med: $330,000 sqft: 2,168 low | high Med: 1,956 $ / sqft: $182 low | high Med: $169 On site: 104 low | high Med: 150 | |
Market Activity 33605
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Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 6, 2026 at 8:15:58 PM PDT 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. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
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| State | FL |
|---|---|
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33605 |
| Area | 33605 Tampa | Ybor City |
| Community Name | EAST TAMPA BLOCKS 1 TO 40 |
| School District | Blake-HB |
| High School | Blake-HB |
| Listing VS Median (in EAST TAMPA BLOCKS 1 TO 40) | |
Price: $395,000 low | high Med: $330,000 sqft: 2,168 low | high Med: 1,956 $ / sqft: $182 low | high Med: $169 On site: 104 low | high Med: 150 | |