Bayshore New Construction Opportunity

Bayshore New Construction Opportunity

2 bed 1.5 bath 1078 sq ft Built in 1961 Single Family
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Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
Location of Neighborhood
Far Close
Quality of Floor Plan
Choppy Flowing
School Rating
Placement in Neighborhood
Busy Calm
Property Details

Here's a slam dunk opportunity in the prestigious neighborhood of Bayshore. This best strategy for this prime area is to tear down the existing home and build a new construction one in its place. The comps we've included all followed this same strategy, and all have similar sized lots. 

  • 3224 W Oakeller Ave: (.10 Acre Lot). Bought for $619,000 on 9/27/18. New Construction sold $1,252,000 on 4/28/23
  • 3226 W Oakeller Ave: (.11 Acre Lot). Bought for $608,000 in Nov 2019. New Construction sold $1,195,000 4/14/23
  • 3209 W Fielder St: (.16 Acre Lot). Bought for $507,000 on 5/22. New Construction on the Market for $1,500,000

As you can see with the comps, all those existing homes were bought for much more than we are pricing this deal at. For the new construction budget we've stayed conservative and budgeted for $200/sqft for a 2750 sq/ft home. But this area does have much higher priced homes selling quickly, so there is room to increase the after repair value. Don't miss this very rare opportunity with an amazing price point in one of the hottest Tampa areas! 

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