$1,399,000*
●
Land -
Off Market
602 CHANNEL DRIVE E
TAMPA, FL 33606
Studio
0 Bath
$1,260,000 - $1,538,000
Reference Base Price*
0.00%
Since Dec 1, 2023
FL-Tampa
Primary Model
About This Property
Enjoy this ONE-OF-A-KIND luxury Waterfront corner lot in one
of the most desirable neighborhoods in Tampa, Davis Islands! Very
rare new-build opportunity with stunning full-waterviews. Comes
with surveys, call now before it is gone! 604 Channel Drive is also
available for sale. Walking distance to Tampa General Hospital,
Hyde Park, SOHO, Downtown Tampa, Channelside, and many more! Only
minutes to the major roads, the Tampa International Airport, to
fine dining, premium shopping/entertainment, hospitals, and the
Westshore Business District, and a short drive to couple of the
best beaches in the whole country: St Pete/Clearwater Beaches; all
make this location the place to be. Additionally being in one of
the top-rated school districts in Tampa Bay.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$861
HOA Dues
-
Year Built
1952
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2025 | Listed | $5,999,999 | |
| Listed | |||
| | |||
|
Pre-Construction. To be built. Introducing an extraordinary opportunity to embrace a one-of-a-kind waterfront lifestyle in the heart of Davis Islands. Designed by Zenun Homes, this modern architectural masterpiece will be 6,486 sq. ft. of refined living space, thoughtfully curated for the most discerning buyer expanded on a premium double lot. The first floor features an executive office, a private guest suite, an expansive game room, a glass-enclosed wine cellar, and a chef’s kitchen adorned with custom soft-close cabinetry, Wolf appliances, a butler’s pantry, and elegant floating stairs beside a private elevator. Ascending to the second level, the grand master retreat awaits, complete with a sitting area, an impressive walk-in closet, and a luxurious spa-inspired bath. Four additional ensuite bedrooms, an upstairs family room with a balcony overlooking serene water views, and a spacious laundry room complete the upper level. The outdoor living experience is equally exceptional, offering a covered lanai, a summer kitchen, a sparkling pool, and a sunken fire pit, all perfectly to enjoy the sunny days of Florida Lifestyle. Every detail of this home has been meticulously crafted to achieve an unmatched standard of sophistication and timeless appeal. Ideally located just minutes from Tampa General Hospital, Hyde Park, Downtown Tampa, Channel side, and Tampa International Airport, with effortless access to fine dining, boutique shopping, and world-renowned beaches. This is a rare offering — a true work of art designed for an elevated way of life on upscale Davis Islands.
Please note: The land must be purchased separately from the build. House images are virtual renderings intended to illustrate the possibilities of your future home. Buy only the lots and build your own home. Check the lots listings : MLS TB8361460 & TB8361442
| |||
| Mar 17, 2025 | Listed | $1,500,000 | |
| Listed | |||
| | |||
|
Rare Corner Waterfront Lot on Davis Islands – A Prime Opportunity
This exceptional corner lot on the open bay in Davis Islands, one of South Tampa’s most desirable waterfront communities, offers a rare opportunity to build your dream home. Situated in a prime waterfront location, this property allows you to design a custom residence that maximizes breathtaking bay views, stunning sunsets, and the beauty of island living.
With 55 feet of pristine water frontage, this homesite provides direct access to the bay, while offering spectacular views from your future upper levels and rooftop deck. For those seeking even more space and possibilities, the adjacent lot is also available ((MLS Number: TB8361442) allowing you to own one or both properties and create an extraordinary waterfront estate.
A Lifestyle Like No Other
Davis Islands is known for its exclusive waterfront lifestyle, offering a wealth of recreational amenities, including a yacht club, private airport, tennis complex, community pools, parks, and a charming downtown area filled with boutique shopping and dining. With top-rated schools and proximity to Water Street, Riverwalk, major sports venues, and world-class entertainment, this is your chance to experience luxury waterfront living at its finest.
Don’t miss out on this rare opportunity. A pre-construction package is available to purchase a pre-construction custom home on the lots. MLS TB8381433
| |||
| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
| Oct 21, 2023 | Relisted | $1,399,000 | |
| Relisted | |||
| Oct 2, 2023 | No longer available | - | |
| No longer available | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Davis Islands
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