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Rare Davis Islands Opportunity — Move In Now, Renovate, Reimagine, or Build New.
Some properties check boxes, this one opens doors. 4 Bed/ 3 Bath Potential w/room for pool.
Set on one of Davis Islands' deeper lots, 55' x 140' on a coveted RS-60 homesite, this property offers something increasingly rare on the island: room to breathe, room to grow, and room to make it entirely your own. Whether you envision a light renovation, a full reimagining, or a brand-new custom home, the canvas is here and the main home is move-in ready.
The main home delivers more livability than its footprint suggests. A spacious living room flows into a generous kitchen with island cooking and a dedicated dining area which open to a screened porch, your front-row seat to peaceful Florida mornings and golden island evenings. The large family room is perfect for movie nights, relaxing, or casual gatherings. The primary bedroom features a large walk-in closet, a genuine rarity at this price point on Davis Islands. The second bedroom and full bath provide comfortable accommodations for family or guests. A versatile den, formerly a bedroom, easily restored, makes a natural home office, media room, or third bedroom. The ceramic tile floors pair with beautifully preserved retro-tile bathrooms that bring timeless charm. Inside laundry and newer double pane/hung windows/slider, and plantation shutters completes the picture.
Beyond the main home, the property truly sets itself apart. A separate studio apartment offers flexible space for guests, in-laws, or a private creative retreat. A private rear courtyard 28’ x 32’, lush with tropical landscaping, connects the main home and studio into an entertainer's oasis. An oversized rear workshop awaits your vision: storage, a hobby space, a home gym, or an expanded studio. A large rear carport 22’10” x 14’ keeps the vehicles, golf cart, kayaks, and bikes covered, and it's all fully fenced and a shed too.
The main home was largely renovated following approximately 12 inches of flooding during the 2024 storm event, the only such occurrence since Davis Islands was established in 1921. Remaining updates are primarily limited to bathroom vanities. The studio is in good overall condition; kitchen and bath cabinetry may need repair or replacement. The workshop has not been renovated and presents an excellent opportunity to customize from scratch or expand the studio into a true guest retreat or detached office, etc.
Key updates: Roof with secondary water barrier (2016). HVAC & ducts (2020) with new condenser-14 seer energy eff. 2024. Simonton double pane/hung windows 2007, sliding/front door 2024, Hot Water Heater 2024
Cross the bridge and feel the island shift immediately: a small-town warmth just minutes from Downtown Tampa, Water Street, Sparkman Wharf, Benchmark Arena, and iconic Bayshore Boulevard. Stroll to Davis Islands Village for local restaurants, bars, coffee, Duckweed Market, and live music. Tampa General Hospital, a Level I trauma center, is moments away. The island lifestyle is the draw, and residents know it: the Yacht Club, swimming beach, Marjorie Park Yacht Basin, Roy Jenkins Pool, dog park, dog beach, walking trails, Seaplane Basin Park, Peter O. Knight Airport, and a water taxi stop to Downtown Tampa. And when Gasparilla season rolls around, there is simply no better address.
Properties like this, rare lot depth, flexible multi-structure layout, and a premier island address, don’t last long.
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Our Executive Mortgage Banker:
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$795,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.952% |
| Monthly Tax Payment | $370 | $370 | $370 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,864 | $4,016 | $5,281 |
| Total Monthly Payment | $4,326 | $4,478 | $5,743 |
* 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.