$2,719,600
4308 Gray Street
Tampa, FL 33609
Listing updated: June 24, 2026 at 8:55 AM ET
Listing courtesy of Compass Florida Llc · Josh Taylor · MLS #TB8388069 · Active · 305-851-2820Property type
Year built
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
Introducing Gray Street Residences—a boutique collection of 4 brand-new by Milan Homes, fee-simple townhomes located in the heart of South Tampa’s vibrant Westshore District. These modern farmhouse-style homes each feature 2,277 square feet of thoughtfully designed living space, with 3 bedrooms, 2.5 bathrooms, a 1-car garage, and a flexible bonus area ideal for a home office. Each residence is crafted with high-end finishes including quartz countertops, stainless steel appliances, luxury vinyl plank flooring throughout, and impact windows + doors. With no HOA fees and no minimum lease restrictions, short-term rentals are permitted, making Gray Street Residences an exceptional opportunity for investors. This project offers broad financing flexibility, with potential lending options such as DSCR (Debt Service Coverage Ratio), portfolio loans, commercial financing, and private lending solutions. Insurance costs are another win—new construction often qualifies for more favorable insurance rates due to its lower risk profile, and this site is located in Flood Zone X, further minimizing flood risk and enhancing overall insurability. One of the standout advantages is the ability to maximize depreciation benefits. Investors may leverage accelerated cost segregation and bonus depreciation strategies to reduce taxable income, significantly boosting early-year ROI compared to older properties. Located just minutes from Tampa International Airport, International Plaza, Midtown, and many of the city’s premier dining and shopping destinations, Gray Street Residences combine modern luxury, income potential, and unbeatable convenience—all in one of Tampa’s most desirable neighborhoods. Units 2, 3, 4 and 5 are available and Units 1 & 6 have sold to private owners. HOA is $322 per month - Contact the Listing Agent to schedule your private tour today!
Local Insight
At $299/sqft for brand-new construction in Westshore, you're paying a premium for turnkey condition and zero maintenance risk, but that per-unit cost ($227k per bedroom) only makes sense if you can fill a 12-unit building consistently in this market—vacancy will eat into returns fast. The X flood zone is a major plus here, but the zero-lot situation means you're relying entirely on the building's financials and tenant demand rather than land appreciation or flexibility for future development. The $322 monthly HOA on a $2.7M property is genuinely low, which is worth verifying against actual operational costs and reserve funding.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history388 days on market
- Status: ActiveDec 10, 2025
- Listed$4,664,705May 22, 2025
- Price reduced$2,719,600
Facts & features
- Property type
- Residential Income
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 388
- Subdivision
- Westshore Palms
- County
- Hillsborough
- Year built
- 2025
- Living area
- 9,108 sq ft
- Price/sq ft
- $299
- Building area
- 10,336 sq ft (Builder)
- Lot size
- 0 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X
- Garage
- 1 spaces
- Annual taxes
- $5,315 (2024)
- Parcel #
- A-21-29-18-B8D-000000-00006.0
- Zoning
- PD
- MLS #
- TB8388069
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Interior Details
- Bedrooms
- 12
- Flooring
- Luxury Vinyl
- Appliances
- Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Refrigerator
- Interior features
- Open Floorplan, Other
- Laundry
- Laundry Closet, Upper Level
- Stories / Levels
- Two
- New construction
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
HOA & Financial
- HOA fee
- $322 / Monthly
- Monthly HOA
- $322/mo
- Total monthly fees
- $322/mo
- Total annual fees
- $3,864
- HOA name
- TBD
- CDD
- No
- Listing terms
- Cash, Conventional, Private Financing Available
- Ownership
- Fee Simple
- Available for lease
- Yes
- Additional lease restrictions
- Buyer to refer to CC&Rs.
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Block, Frame
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Concrete, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2025-05-21
- On market date
- 2025-05-22
- Original list price
- $4,664,705
- Occupant type
- Vacant
- MLS area
- 33609 - Tampa / Palma Ceia
- Listing AOR
- Suncoast Tampa
- Status changed
- 2025-12-10
- Tax legal description
- 4308 GRAY STREET TOWNHOMES LOT 2 THRU 5
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Himes turn west on W Gray Street and the site is down on your left hand side.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 24, 2026 at 8:55 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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