Canal-Front
For Sale
$249,000
3205 LAUREL DALE Drive, Tampa, FL 33618
Residential, TAMPA, FL
Property Size1,240 SF
Lot Size0.11 Acres
Price / SF$200.81
Days on Market102
Property Features for 3205 LAUREL DALE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Dining Room, Bathroom 1
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Crown Molding, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Window Treatments
Exterior features
Rain Gutters, Storage
Appliances
Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
NORTH LAKES SEC I UNIT
Lot features
In County, Sidewalk, Paved
View
Lake, Water
Elementary school
Schwarzkopf-HB
Middle school
Martinez-HB
High school
Gaither-HB
Directions
From Tampa, North on Dale Mabry Hwy, east on Lakeview Dr, north on Laurel Dale Dr. Home on right side.
Standard status
Active
APN
U-22-27-18-0KK-000003-00104.0
Size
1,240 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAKES SECTION I UNIT NO 1 LOT 104 BLOCK 3
Tax Annual Amount
580
Legal Description
NORTH LAKES SECTION I UNIT NO 1 LOT 104 BLOCK 3
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1983
Floors in Building
1
Flooring type
Wood, Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
SAND DOLLAR REALTY GROUP INC
Listed By:
Robert Arnold, Jr
(407) 389-7318
Added: Jul 15
Changed: Oct 24
Last Checked: Oct 24 at 5:06PM
MLS# O6425108
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,240-square-foot canal-front property has two bedrooms, two bathrooms, tile and wood flooring, vaulted ceilings, and crown molding. The kitchen features granite counters, wood cabinetry, and a closet pantry. A screened porch overlooks a freshwater canal connected to Lake Magdalene. The 0.11-acre lot also includes storage and rain gutters.
A roof replacement was completed in May 2026, and foundation underpinning and stabilization were completed in July 2026; the foundation work carries a lifetime warranty. The property has public water and sewer service, central heating and air conditioning, and no HOA.
Publix, Whole Foods, Walmart, Home Depot, shopping, and dining are nearby, with access to I-275 for travel toward downtown Tampa.
A roof replacement was completed in May 2026, and foundation underpinning and stabilization were completed in July 2026; the foundation work carries a lifetime warranty. The property has public water and sewer service, central heating and air conditioning, and no HOA.
Publix, Whole Foods, Walmart, Home Depot, shopping, and dining are nearby, with access to I-275 for travel toward downtown Tampa.
Key Highlights
- Canal‑front property on a 0.11‑acre lot, with a canal connection to Lake Magdalene
- 1,240 square feet with 2 bedrooms and 2 bathrooms
- Roof installed in May 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,457
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,140
$269.1K
Cap Rate 7%
$192,243
$192.2K
Cap Rate 9%
$149,522
$149.5K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$26.3K $21.24/SF
− Vacancy
−$1.9K −$1.51/SF
EGI
$24.5K $19.73/SF
− OpEx
−$11.0K −$8.88/SF
NOI
$13.5K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,140
Cap Rate 7%
$192,243
Cap Rate 9%
$149,522
Alternative Uses
Best Use
Apartment 5plus
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.9K
$252.8K – $337.0K
NOI $20,222 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 33618, FL
26,474
Population
12,394
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,152
Density / Sq Mi
$79,850
Median Household Income
$50,134
Median Earnings
$1,400
Median Rent
$379,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Single family property - The property includes a screened porch, vaulted ceilings, and a kitchen with granite counters and wood cabinetry.
Where is this single family property located?
The property is located at 3205 LAUREL DALE Drive Tampa, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Canal‑front property on a 0.11‑acre lot, with a canal connection to Lake Magdalene; 1,240 square feet with 2 bedrooms and 2 bathrooms; Roof installed in May 2026
