Listing Details for MLS # TB8348888
306 S Albany Avenue, Tampa, Fl 33606

Residential Property - Single Family Residence in Tampa

Listing Price: $799,000Days on Market: 85

Description of Property

Step into the timeless charm of this iconic Hyde Park bungalow—soon to be a century home—where original character meets modern potential. Nestled beneath the sweeping, low-pitched roofline typical of the area, the deep, covered front porch welcomes you with its classic porch swing, perfect for slow mornings and shaded afternoon chats. Inside, you'll find original hardwood floors throughout and a brick fireplace anchoring the formal living room, exuding warmth and historic appeal. All rooms are generously sized, including a formal living room, an office or den enclosed by French doors for added privacy, a cozy family room, and two spacious bedrooms. The large, square kitchen is outfitted with a stainless steel appliance suite and offers ample space to add an island, creating the kitchen of your dreams. Gas service to the site fuels a tankless gas water heater and gas range, while the HVAC system has plenty of life left. Plumbing and electrical systems have been updated to modern standards, providing peace of mind. Out back, you’ll discover a large open backyard with untapped potential—think garden, pool, or guest house. The expansive covered rear porch includes washer/dryer hookups and is already plumbed for a bathroom, offering even more flexibility. The rear alley access adds to the classic Hyde Park charm and opens the door for a future garage and/or detached casita. For developers or investors, this property presents a truly rare opportunity: Unlock the potential of this prime South Tampa lot, perfectly suited for a luxury 2-, 3-, or even 4-unit townhouse development. Zoned RM-16 with future land use designation R-35, the site is well-positioned for a rezoning up to four units—a developer’s dream in one of Tampa’s most desirable neighborhoods. And the location? Unbeatable. Just 2–3 blocks from Publix and the upcoming Sprouts, five blocks to Hyde Park Village, and two blocks from the heart of SoHo’s entertainment district. Bayshore Boulevard, Tampa’s iconic waterfront promenade, is just over a mile away. Ask the agent about the potential for a new roof prior to closing, and bring your vision to life in one of Tampa’s most beloved and walkable neighborhoods.The average asking price for a 2 bedroom/1 bath single family residence in this Zip code is $553,667. This single family residence is listed at about 144% of the average asking price. There are 2 2 bedroom/1 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »