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724 CORAL REEF DRIVE
MLS TB8520365 · Good value

724 CORAL REEF DRIVE

$725,000 · TAMPA 33602
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Condo value read

Good value (-9.5% vs comps)Value marker
$592Price / sf
$654/sfComp bench
$957MLS monthly fees
$1,647Fees + tax / mo
$8,279Annual taxes
1,225Sqft
1993Year built
2Beds
2Baths
24-Hour Guard, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Private Road, Sewer, Trash, WaterFee includes
2Garage
WaterView
Clubhouse, Fitness Center, Gated, Maintenance, Playground, Pool, Spa/Hot Tub, Tennis Court(s)Amenities
Covered, Driveway, Garage Door Opener, Ground LevelParking
ActiveStatus
Pin location from MLS coordinatesOpen map

Experience waterfront living in the exclusive, 24-hour guard-gated community of Island Place Residences on Harbour Island. This fully renovated townhome-style condo stands out for its modern, efficient floor plan, 2 bedrooms, 2 baths, and a private 2-car garage, with direct views of Garrison Channel. It's just a short walk to Water Street, Sparkman's Wharf, the Tampa Riverwalk, Downtown Tampa, the Channel District, upscale dining, lively nightlife, and the BIA arena, home to Lightning hockey games and concerts. Step into this beauty of a residence spanning 1225 square feet across three levels, with thoughtfully curated details, designer furniture, and exquisite decor throughout. The spacious living layout features high ceilings, natural light, and a private balcony, offering peaceful views of the Garrison Channel, where cruise ships and boats pass by. Elevated finishes include luxury vinyl flooring, hurricane-impact windows and sliding doors, designer lights, cable railings, custom closets, barn doors, modern finished doors, hurricane-rated garage doors, remote roller shades, electric sheer drapes, LED medicine cabinets, and high-end finishes throughout. The open kitchen combines style and functionality, featuring elegant marble countertops and backsplash, extensive custom cabinets, premium stainless-steel appliances, a wine refrigerator, a large single sink, a convection wall oven, an electric cooktop, and a sleek range hood. The spacious primary suite features designer double closets, barn doors, and an eye-catching en suite bathroom with a walk-in shower. A flexible guest bedroom has a walk-in closet and a custom storage bed, ideal for guests or a home office. Nearby, a second bathroom with a tub offers a perfect spot to relax. The stackable W/D and tankless water heater are behind two modern bypass doors. Residents enjoy resort-style amenities, including a temperature-controlled pool and heated spa, fitness center, tennis courts, clubhouses, scenic walking paths, kayak access, BBQ areas, valet trash service, and a pet-friendly environment. This exceptional Harbour Island residence offers water views, luxury upgrades, 4 parking spaces, and is located in one of Tampa’s most walkable areas.

Comp note: the value marker uses same-ZIP condominium price per square foot, weighted toward recent MLS sold comps when available. Further detailed assessment required for tower stack, view, floor height, parking, reserves, and assessments.

Investor feasibilityCash buyer may pencil
$3,498estimated monthly rent
$1,647fees + taxes / mo
$1,851before mortgage
5.79%gross rent yield
$3,765principal & interest
-$1,914after est. debt

MLS rental comps weighted from reliable same-unit, same-building, same-community, or tightly clustered similar rentals after excluding implausible low or partial-rent MLS rows. Mortgage default uses FRED/Freddie Mac PMMS 30-year fixed, latest weekly value from 2026-10-15; users can adjust purchase price, down payment, rate, and term. This is a screening estimate from MLS rental data and does not include insurance, vacancy, management, repairs, leasing costs, financing terms, or tax strategy.

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