Investment Opportunity: Turnkey Waterfront Condo-Hotel Package – Rays by the Bay & Mangrove Bay | Tampa, FL
Rare opportunity to acquire two fully furnished, income-producing 1-bedroom/1-bathroom condo-hotel units located on scenic Tampa Bay. Offered as a package, Rays by the Bay and Mangrove Bay are turnkey investments with strong, consistent short-term rental performance and year-round guest demand.
The Units: Each unit is thoughtfully designed to maximize comfort and revenue, sleeping up to 4 guests. Both feature a private bedroom, spacious living area with sleeper sofa, fully equipped kitchen, modern bathrooms, and private balconies with stunning bay views. These well-maintained suites are consistently guest-ready and optimized for short-term rental success.
Turnkey Investment Highlights
• Fully furnished and professionally maintained
• Strong ADR and occupancy rates
• Active listings on major Online Travel Agencies (Airbnb, VRBO, etc.)
• Future bookings transferable to new owner
• Currently managed by a professional management company (optional to retain)
• Option to acquire existing LLC for a seamless transition
Resort-Style Amenities That Drive Bookings
Guests enjoy a full-service waterfront experience, including:
• Geo-thermal heated pool (84°F year-round)
• Sandy beach with direct bay access
• Tiki bar & Bayside dining
• Fire pit, BBQ & picnic areas
• Sand volleyball court & outdoor fitness equipment
• 24/7 gated security
• Covered parking with elevator access
• On-site laundry facilities
Prime Tampa Location
Situated in the highly desirable Rocky Point area, these units offer unmatched convenience:
• 5 minutes to Tampa International Airport (TPA)
• Minutes to Downtown Tampa & Westshore Business District
• Near Raymond James Stadium (home of the Buccaneers)
• Easy access to Clearwater Beach, St. Petersburg & Hyde Park
• Close to Busch Gardens, Adventure Island & top local attractions
The Investment Case: Tampa’s short-term rental market remains one of the strongest in Florida, and waterfront properties on Rocky Point command premium nightly rates. With established rental history, consistent 5-star guest experiences, and resort infrastructure already in place, this package offers immediate income with minimal operational friction.
Whether you’re expanding your portfolio, completing a 1031 exchange, or securing a dual-unit vacation investment, this is a rare opportunity to own two high-performing waterfront assets in one of Tampa’s most desirable rental corridors.