Listing Details for MLS # TB8365558
8820 S Hickory Lane, Riverview, Fl 33578

Residential Property - Single Family Residence in Riverview

Listing Price: $1,695,000Days on Market: 73

Description of Property

Fully Renovated Ultimate Waterfront Investment Opportunity on the Alafia River! An unparalleled investment opportunity awaits on the stunning Alafia River! This income-producing, turn-key property features three separate buildings on over an acre of prime waterfront land, offering a total of 9 bedrooms, 7.5 bathrooms, and over 5,000 square feet of heated space. Whether you're seeking a lucrative Airbnb, a multi-generational compound, or an event-friendly retreat, this property is designed to impress. This exceptional property includes three distinct residences. The main home boasts spacious living areas with stunning river views, high-end finishes, and an entertainer's dream layout. The guest house is a private 3-bedroom, 2.5-bathroom residence complete with its own kitchen and laundry room. Additionally, there is a 1-bedroom studio apartment (not currently in the rental program) with potential for $1,000/month in additional income. Outdoor amenities set this property apart. A 175-ft, two-story dock features an upstairs sun deck, covered boat lift, fish cleaning station, shower, refrigerator, city water, and electricity. The property also includes three boat slips, available to rent for additional passive income ($1,000+/month potential). A private pool, outdoor kitchen, two 67-ft lanais with breathtaking river views, and multiple outdoor dining areas equipped with gas grills make this a true waterfront paradise. Plus, with no HOA or CDD, you have complete freedom over your investment. Luxury and entertainment abound throughout the home. Enjoy four master suites, each with en-suite bathrooms and walk-in showers. Additional features include an indoor hot tub, dry sauna, built-in HD projector, pool table, and fitness room. The property is also equipped with three fully furnished kitchens, three laundry rooms, and elegant touches such as stained glass accents. A 5-car garage, including a roundabout garage with dual doors, provides ample covered parking. A gated entry with an elegant fountain and expanded driveway ensures privacy and grandeur upon arrival. This property is a proven income producer with over $225,000 in gross annual revenue, even with a low occupancy rate. Future bookings already total $100,000, and $75,000 in furnishings are included. With the addition of a dedicated website, projections indicate an additional $100,000+ in yearly revenue. Its size and amenities make it a perfect venue for large family groups, weddings, and special events. Location is another key advantage. This home is minutes from Tampa Bay by boat, making it one of the closest riverfront properties to open water. It is also just 15 minutes from Busch Gardens, 20 minutes from Downtown Tampa, and offers easy access to I-75. Whether you are a boater, angler, or water sports enthusiast, the brackish waters of the Alafia River provide the ideal setting for fishing and kayaking. This is more than just a home—it's an unmatched investment and lifestyle opportunity. Whether you're looking to generate multiple income streams or secure a one-of-a-kind waterfront retreat, this property delivers on all fronts. Schedule your showing today and see firsthand why this Alafia River gem is a true Airbnb powerhouse!This is the only 9 bedroom/7 bath single family residence between $1,400,000 and $2,000,000 currently listed for sale in this Zip code.