

Listed by LPT Realty
$524,000
PRE-CONSTRUCTION - VRBO OR AIRBNB UNIT!
Details
Property Type Multifamily, Hospitality
Square Footage 1,633
Units 1
Cap Rate 8.53%
NOI $44,713
Occupancy 70%
Tenancy Vacant
Rent Bumps No
Pro-Forma Cap Rate 10.97%
Pro-Forma NOI $57,488
Price per SqFt $321
Class A
Year Built 2026
Buildings 1
Acreage 0.120
Parking Spaces 2 spaces
Parking Per SqFt 1.22
Investment Type Redevelopment
Pre-Construction Luxury STR Opportunity – Palmetto Beach (Tampa), FL
Marketing description
THE INVESTMENT PLAY Capitalize on one of Tampa’s fastest-growing coastal submarkets with this high-efficiency, pre-construction luxury asset. Architecturally engineered for maximum spatial yield and structural resilience, this elevated coastal design is optimized for high-occupancy Airbnb, VRBO, or corporate mid-term rental strategies.
Positioned just minutes from Downtown Tampa, Water Street, the Ybor City Historic District, and the McKay Bay shoreline, this asset is built to command premium nightly rates from vacationers and business travelers alike.
- Asset Status: Pre-Construction / To-Be-Built (Semi-Custom Build)
- Location: Palmetto Beach (Tampa urban core / coastal pocket)
- Financing Leverage: Flexible Investor & Portfolio Financing Available (Including DSCR and construction-to-perm options for qualified buyers). Primary occupants may qualify for Down Payment Assistance and specialized high-leverage programs.
- Yield Optimization: High-density 3BR/2BA layout with massive ground-level storage, engineered to maximize guest capacity and amenity space.
High-Yield Portfolio & Asset Highlights
- The Ultimate Luxury House-Hack: For primary buyers utilizing high-leverage financing programs, live in a custom coastal masterpiece while leveraging a premium room-rental or mid-term executive strategy to offset your carrying costs.
- Zero HOA/CDD Friction: Retain 100% operational control. Unrestricted by master association rules, allowing for unencumbered STR/LTR management and optimized net operating income (NOI).
- Built-In CapEx Mitigation: Brand-new construction protects your portfolio from near-term capital expenditures, while modern building codes ensure the lowest possible property insurance premiums in a coastal market.
- Proximity to Demand Drivers: Strategically located near Tampa’s primary economic engines—Port Tampa Bay, Downtown, Amalie Arena, and major cruise terminals—ensuring year-round occupancy.
Architectural Layout & Amenity Scaling
The floor plan is specifically tailored to drive 5-star guest reviews and maximize recurring booking revenue:
- High-Volume Entertaining Hub: The main level features an expansive open-concept layout anchored by a high-capacity chef's kitchen and oversized island—perfect for guest gathering, dining, and premium staging photography.
- Strategic Guest Separation: The layout features a split-plan configuration. The private Primary Suite acts as a secluded retreat, while two additional guest bedrooms are positioned down a separate wing, maximizing privacy for multi-family or group bookings.
- Dual-Level Outdoor Amenity Space: Features a classic coastal front porch and an expansive covered rear porch designed to capture sea breezes. On the ground level, the rear service door opens to a secluded, shaded patio—an ideal footprint for an investor to install a private plunge pool, spa, or outdoor kitchen to drastically spike nightly ADR (Average Daily Rate).
- The "Toy Box" Lower Level: The massive, secure multi-car garage provides substantial storage space. Investors can utilize this area for secure owner lock-outs (for turnover supplies and golf carts) or market it to guests as secure storage for jet skis, boats, and paddleboards.
The Fine Print & Investor Terms
- Semi-Custom Execution: Buyer maintains the right to select the final finish package. Final pricing, specifications, features, and construction timelines are subject to buyer selections, site conditions, and permitting.
- Capital Sourcing: Buyer is responsible for financing; however, preferred portfolio and investor-friendly lending partners are available to streamline acquisition.
- Due Diligence: Renderings and imagery may depict optional upgrades. Adjusted property taxes are to be determined post-construction; buyer and agent are advised to execute standard due diligence.
Investment highlights
- The Ultimate Luxury House-Hack: For primary buyers utilizing high-leverage financing programs, live in a custom coastal masterpiece while leveraging a premium room-rental or mid-term executive strategy to offset your carrying costs.
- Zero HOA/CDD Friction: Retain 100% operational control. Unrestricted by master association rules, allowing for unencumbered STR/LTR management and optimized net operating income (NOI).
- Built-In CapEx Mitigation: Brand-new construction protects your portfolio from near-term capital expenditures, while modern building codes ensure the lowest possible property insurance premiums in a coastal market.
- Proximity to Demand Drivers: Strategically located near Tampa’s primary economic engines—Port Tampa Bay, Downtown, Amalie Arena, and major cruise terminals—ensuring year-round occupancy.
Listing Contacts


Listed by LPT Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,712.50
$3,726.04/mo
Valuation Metrics
0
DSCR
8.53%
Cap Rate
8.53%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?











