7420 BAY ISLAND DRIVE S, #175, South Pasadena, FL, 33707 | $220,000

One or more photo(s) has been virtually staged. Discover a beautifully coastal retreat where modern comfort meets the effortless rhythm of waterfront living. This completely renovated first floor one bedroom, one and a half bath residence is nestled within the highly sought after Bay Island Condominiums, a vibrant 55 plus waterfront community in the heart of South Pasadena. Thoughtfully updated from top to bottom, this home offers a warm and inviting atmosphere designed for both relaxation and connection. As you step inside, natural light fills the open living space, creating an easy, calming flow that feels instantly like home. The kitchen has been thoughtfully designed for both beauty and function, featuring brand new stainless steel appliances, elegant quartz countertops, and generous cabinetry that makes everyday living a pleasure. New flooring throughout adds a refined coastal touch, completing this move in ready escape. The bedroom is a tranquil sanctuary, offering ample space to unwind and recharge, complemented by a beautifully updated en-suite bathroom with a versatile shower and tub combination. A convenient half bath adds comfort and ease when hosting friends or family. Beyond your front door, the lifestyle truly shines. Just minutes away are the breathtaking sugar sand beaches of the Gulf, where turquoise waters, soft breezes, and unforgettable sunsets become part of your daily routine. Bay Island offers an exceptional waterfront setting with amenities that elevate every day, including round the clock security, a lively clubhouse, a heated pool, shuffleboard courts, waterfront picnic areas, fitness centers, billiards, and a scenic mile and a half walking path that winds along the water’s edge. Perfectly situated on the first floor for ease and accessibility, this home offers the rare opportunity to enjoy refined coastal living paired with a vibrant, active community. Whether you are seeking a peaceful retreat or an engaging lifestyle near the Gulf’s most beautiful beaches, this is a place where you can truly feel at home. Schedule your private showing and experience it for yourself.

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full / 1 half
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Complex: BAY ISLAND GROUP 5
  • Year Built: 1973
  • Common Charge: $990 Monthly
  • Approx Sq. Feet: 905
  • Est. Taxes: $2,264
  • View: Water
  • Adult Communities: Yes
  • Elem. School: Azalea Elementary-PN
  • Middle School: Azalea Middle-PN
  • High School: Boca Ciega High-PN
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Yes
  • Appliances: Cooktop, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: TB8461789
  • Days on Market: 16 days
  • Website: https://www.raveis.com
    /prop/TB8461789/7420bayislanddrives_southpasadena_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 3/13/2026 3:02:12 PM)
Listing courtesy of Compass Florida LLC   Phone: 727-339-7902

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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7420 BAY ISLAND DRIVE S, #175, South Pasadena, FL, 33707

$220,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $176,000 $176,000 $176,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.357% 6.419% 5.668%
Monthly Tax Payment $189 $189 $189
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,041 $1,084 $1,426
Total Monthly Payment $1,305 $1,348 $1,690

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.