Description

JLL Capital Markets is pleased to exclusively present the opportunity to acquire Surfside Harbor (the "Site" or "Property"), a rare ±2.71-acre bayfront luxury condo development site located in Apollo Beach, Florida, within the Tampa MSA. The Site is approved for either 54 attached condo units or 52 attached condo units and 2,500 square feet of commercial/restaurant space. The Seller is currently seeking permits for boat dock slips on the Site, with 20-24 slips recommended to meet Tampa Bay Port Authority criteria.

The Site offers ±388 feet of pristine shoreline frontage with a seawall and commanding views of Tampa Bay, surrounded by an established affluent residential base where neighboring home sales exceed $3 million. This opportunity is ideally positioned for a new luxury condominium development that will deliver modern living spaces and a distinctly convenient amenity package, setting a new benchmark for high-end residential value in Apollo Beach. The SouthShore region of Tampa has seen no new waterfront condominium development (10+ units) since 2008, representing a significant supply gap in the Site's market.

Apollo Beach is an emerging, highly desirable waterfront community in the SouthShore area of southern Hillsborough County experiencing significant growth anchored by Waterset, a 1,300-acre master-planned development. Waterset attracts families seeking top-rated schools and retirees pursuing suburban coastal living, driving demand for new town centers like The Yard at Waterset, plus other mixed-use developments offering essential retail, dining, and healthcare options - all within easy reach of the Site. The area within a 10-minute drive from the Property boasts a $183,890 average household income and 6.6% projected population growth over the next five years.

SouthShore's appeal is rooted in its boater-centric lifestyle, natural waterfront setting, and relaxed atmosphere while maintaining convenient access to greater Tampa Bay's bustling urban centers. The Site benefits from high connectivity, via US Highway 41 (5 minutes, 46,000 VPD) and Interstate 75 (10 minutes, 122,000 VPD), to Downtown Tampa (±30 minutes), Downtown St. Petersburg (±45 minutes), and Tampa International Airport (±40 minutes).

Surfside Harbor represents an exceptional opportunity to capitalize on a rare bayfront location within the affluent and burgeoning community of Apollo Beach to pursue a signature luxury condominium development.

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Attributes

Land area gross

1.1 ha

Media

Investment Highlights

Approved Condo Development Site

The Site is approved for a condominium development of either 54 attached condo units or 52 attached condo units and 2,500 square feet of neighborhood commercial/restaurant space. The Site was recommended for 20-24 boat dock slips, which meet the criteria set by the Tampa Bay Port Authority and could be available for lease by new ownership.

Extremely Rare, Superior Bayfront Site Location

Spanning ±2.71 acres and ±388 feet of Tampa Bay frontage with commanding unobstructed water views, the Site offers a rare bayfront development opportunity in a supply-constrained market. The SouthShore region has not seen a new waterfront condominium development (10+ units) since 2008, and few developable sites of this scale with direct bay access remain - positioning the Property for premium pricing with a high barrier to new waterfront supply.

Compelling Condo Value Proposition vs. Single Family Homes

Located in a highly affluent area of Apollo Beach established primarily with single-family homes, the Site is ideally positioned for a new luxury condominium development that addresses unmet demand for low maintenance waterfront living. Unlike single-family properties, a new condominium offers residents turnkey ownership with professional exterior maintenance, enhanced security, improved efficiency, and resort-style amenities including pool, fitness center, social lounge, and potential dock spaces. This product differentiation positions the development to capture affluent buyers seeking waterfront living without the responsibilities of traditional homeownership.

Nearby Retail & Healthcare Amenities

Conveniently within a 10-minute drive from the Site is Publix, Walmart Supercenter, and The Yard at Waterset – a brand new ±82K square-foot retail town center expected for full delivery in late 2026. Within 15 minutes from the Site is the Big Bend Rd / US Hwy 301 retail corridor that includes Summerfield Crossing (HomeGoods, Marshalls, Bealls), Sam’s Club and Sprouts Farmers Market. Two hospitals are proximate to the Site including St. Joseph’s Hospital – South (12-minute drive, 223 beds) and HCA Florida South Shore Hospital (19-minute drive, 138 beds). Additionally, Moffitt Cancer Center at SouthShore, a 75,000-square-foot facility, recently opened in 2025 and expects to treat 9,000 patients in its first five years.

Robust Area Demographics

The area within a 10-minute drive from the Site boasts an affluent $183,890 average household income and 6.6% projected population growth over the next five years. Apollo Beach is surging in residential growth mainly due to the continuing development of the vibrant Waterset master-planned community, which encompasses ±1,300 acres and will have ±3,000 homes upon full build-out.

High Connectivity to Greater Tampa Bay

The Site benefits from high connectivity, via US Highway 41 (±5 minutes, 46,000 VPD) and Interstate 75 (±10 minutes, 122,000 VPD), to the Tampa MSA’s broader demand drivers including Downtown Tampa (±30 minutes), Downtown St. Petersburg (±45 minutes), and Tampa International Airport (±40 minutes).