7418 Bay Drive
TAMPA, FL 33635
- 3 beds
- 3 baths
- 2,025 sqft
- 7,980 sqft lot
- $318 per sqft
- 1990 build
- – on site
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.
Last checked:
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Last updated Apr 17, 2025
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MLS# TB8344074 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1990
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New Construction:false
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Construction Materials:Concrete
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Levels:Two
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Stories Total:2
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Roof:Shingle
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Foundation Details:Slab
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Window Features:Blinds
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Patio And Porch Features:Deck
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Security Features:Security Fencing/Lighting/Alarms
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Building Area Total:4662
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Carpet
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Additional Rooms:Bonus Room
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Fireplace:false
Room Dimensions
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Living Area:2025
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:East on Tampa Road, Right on Lafayette Blvd, Left on Race Track Rd S, Left on State St. State St becomes Bay Dr, house on Right almost at end of street.
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Latitude:28.018823
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Longitude:-82.644605
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Coordinates:-82.644605, 28.018823
The Property
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Parcel Number:U30281706J00000014500.0
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Features:Flood Insurance Required
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Lot Size Acres:0.18
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Lot Size Area:7980
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Lot Size SqFt:7980
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Lot Size Dimensions:60 x 133
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:RSC-6
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Direction Faces:East
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View:Trees/Woods
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View:true
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Exterior Features:Lighting
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Fencing:Fenced
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Water Source:Public
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Road Surface Type:Paved
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Road Frontage Type:Street Paved
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Flood Zone Code:AE
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Additional Parcels:false
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Homestead:true
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (727) 515-6504
- Office phone:
- (727) 595-1604
Taxes
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Tax Year:2024
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Tax Lot:53
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Tax Legal Description:REOLDS FARM PLAT NO 1 19 20 29 30 AND 31 28 17 TRACT BEG 507.68 FT E & 180 FT S OF NW COR OF LOT 53 & RUN E 133.36 FT S 60 FT W 133.04 FT & N 60 FT TO BEG
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Tax Book Number:1-145
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Tax Annual Amount:$7,253.42
Beds
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Bedrooms Total:3
Baths
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Total Baths:3
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Total Baths:3
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Full Baths:3
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/TB8344074
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Septic Tank
Appliances
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Appliances:Dishwasher
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Laundry Features:Inside
Schools
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Elementary School:Lowry-HB
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Middle Or Junior School:Farnell-HB
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High School:Alonso-HB
The Community
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Subdivision Name:REOLDS FRM PLT 1 19 20 29
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Senior Community:false
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Community Features:Bay/Harbor Front
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Waterview:Canal
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Waterview:true
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Water Access:Bay/Harbor
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Water Access:true
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Water Extras:Bridges - No Fixed Bridges
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Water Body Name:MOBBLY BAY/TAMPA BAY
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Waterfront:true
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Waterfront Features:Bay/Harbor Front
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Spa:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
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Association Approval Required:false
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Additional Water Information:Canal leads to Mobbly Bay and then opens to Tampa Bay and Gulf of Mexico
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Waterfront Feet Total:60
Parking
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Garage:true
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Attached Garage:true
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Garage Spaces:3
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Carport:false
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Covered Spaces:3
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Open Parking:true
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Parking Features:Bath In Garage
Monthly cost estimate

Asking price
$645,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,453
|
Taxes | $604 |
Insurance | $177 |
Utilities | $170 See report |
Total | $4,404/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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3/25/25
Mar 25, 2025
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Price Changed | STELLAR_MLS | $645,000 | -0.6% |
1/29/25
Jan 29, 2025
|
Listed / Active | STELLAR_MLS | $649,000 | 10.4% (3.3% / YR) |
12/10/21
Dec 10, 2021
|
STELLAR_MLS | $588,000 | -2.0% |