$1,800
7540 Bay Island Drive
South Pasadena, FL 33707
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
About this home
WATERFRONT STUDIO ON BOCA CIEGA BAY | BAY ISLAND ESTATES | TREASURE ISLAND AREA | 55+ Turnkey fully furnished waterfront studio/efficiency condo located on the first floor in the highly desirable Bay Island Estates 55+ gated community, overlooking Boca Ciega Bay and just minutes from Treasure Island and St. Pete Beach. Completely renovated and move-in ready, this residence offers low-maintenance coastal living at an exceptional value. The efficient layout features a Murphy bed that converts to a sofa, maximizing living space while providing comfortable sleeping accommodations. Large sliders open to a private screened lanai with tranquil waterfront views and offer direct access to the bayfront walking path, creating a seamless indoor-outdoor lifestyle. Bay Island Estates is a guard-gated, amenity-rich 55+ waterfront community offering multiple heated pools and spas, tennis and pickleball courts, marina access, fitness centers, saunas, a clubhouse, tiki hut picnic areas, and a scenic waterfront walking track. Enjoy easy access to the Pinellas Bayway, Corey Avenue, John’s Pass, downtown St. Petersburg, and the Gulf beaches. Please call to schedule a private showing — this waterfront opportunity will not last.
Local Insight
At $3 per square foot for a waterfront 55+ unit with private pool access, this is aggressively priced—likely because it's a studio with no bedroom, which severely limits resale appeal and financing options for most buyers. The 1972 build date combined with the condo's small footprint means you're really paying for the waterfront location and amenities rather than the structure itself, so get a thorough inspection and understand what reserve fund requirements exist, since condos this age often have surprise special assessments. If you're a retiree or investor comfortable with a no-bedroom unit, the water access and 55+ community could work; otherwise, this is a tough sell to anyone needing actual living space.
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 history91 days on market
- Status: ActiveDec 17, 2025
- Listed$1,675Dec 17, 2025
- Price increased$1,800
Virtual Tour
Facts & features
- Property type
- Residential Lease
- Sub type
- Condominium
- Status
- Active
- Days on market
- 91
- Subdivision
- Bay Island Group 4a
- County
- Pinellas
- Year built
- 1972
- Living area
- 540 sq ft
- Price/sq ft
- $3
- Lot size
- 1 sq ft
- Pool
- Private pool
- Parcel #
- 30-31-16-03614-000-1560
- MLS #
- TB8456887
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Interior Details
- Bedrooms
- 0
- Full bathrooms
- 1
- Flooring
- Ceramic Tile
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- Interior features
- Built-in Features, Ceiling Fans(s), Dry Bar, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Thermostat, Window Treatments
- Laundry
- Common Area, Other, Outside, Upper Level
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Covered, Ground Level, Guest, Open, Reserved
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- HOA name
- Sun Island Assoc
Exterior & Construction
- Exterior features
- Balcony, Courtyard, Dog Run, Lighting, Outdoor Grill, Shade Shutter(s), Sidewalk, Sliding Doors, Storage, Tennis Court(s)
- Pool
- Private pool
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
- Senior community
- 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.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Balcony/Porch/Lanai | First | 5x14 |
| Kitchen | First | 7x8 |
| Studio | First | 24x14 |
Listing Details
- Listing date
- 2025-12-16
- On market date
- 2025-12-17
- Original list price
- $1,675
- Occupant type
- Vacant
- MLS area
- 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch
- Listing AOR
- Suncoast Tampa
- Status changed
- 2025-12-17
Location
Directions
From I-75 North or South, take I-275 South toward St. Petersburg. Continue on I-275 and take Exit 17 for FL-682 W / Pinellas Bayway toward St. Pete Beach. Follow FL-682 W across the bridge and continue to Pasadena Avenue S. Turn right onto Pasadena Avenue S, then turn right onto Bay Island Drive S. Proceed through the guard-gated entrance and follow signs to 7450 Bay Island Drive S, Unit 156.
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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 March 18, 2026 at 11:31 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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