Potential short-term rental revenue opportunity at 7418 Bay Drive, Tampa! This waterfront investment property offers direct canal access to Mobbly Bay with no bridges and is in the desirable RE Olds Farm neighborhood. With no HOA and no rental restrictions, this property is fully short-term rental (STR) eligible, ideal for Airbnb, Vrbo, traveling nurses or long-term rental investors. The home features three bedrooms, three full baths, an updated kitchen, a new roof (2024), air conditioner from 2021, water heater (2025) and a rare 1,000-square-foot air-conditioned lower-level suite with private entry, bedroom and full bath, ideal for dual living or guest rental income. Income is projected only, as the owner has not rented the property and is using it as a primary residence. Enjoy water activities like kayaking, paddleboarding, fishing and jet skiing right from your own floating dock. Attractions nearby include two dog parks, a beach within five minutes, Upper Tampa Bay Park, Mobbly Bayou Wilderness Preserve, ZooTampa, a golf driving range, and multiple public parks, making it a desirable vacation rental location for families and outdoor enthusiasts. This turnkey potential income-producing home offers a prime waterfront location, income flexibility and endless Florida lifestyle amenities, making it an ideal investment property in the Tampa Bay short-term rental market.