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4308 W Gray St
For Sale $4,250,000 ($311.08 per Sq Ft)
$4,250,000 ($311.08 per Sq Ft)
- 6 Units
- 13,662 Sq Ft
- 15,682 Sq Ft
- Unknown Cap Rate
Description
Under Construction. Introducing Gray Street Residences—a boutique collection of six 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. Contact the Listing Agent to schedule your private tour today!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,250,000 |
| Property Type | Multi-Family |
| Usable Sqft | 13,662 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 2025 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A212918B8D00000000006.0 |
| MLS # | TB8388069 |
| Property ID | 321822767 |
| Lot Sqft | 15,682 |
| Zoning | PD |
| Total Units | 6 |
| Days on Market | 222 |
| Original List Price | $4,664,705 |
| Applicances | Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Refrigerator% |
| Date Updated | December 29, 2025 |
| Date Created | May 21, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Josh Taylor an agent of COMPASS FLORIDA LLC.
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 29, 2025 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT