Waterfront Estates Unit 1
Homes for Sale in Tampa, FL

Community in Tampa · Hillsborough County
121 homesBuilt 1957–2024
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Built fromLive Stellar MLS data14 years of closingsFL DOR public recordsUpdated twice daily
Live · Waterfront Estates Unit 1 Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
56%
Owner-occupied · Waterfront Estates Unit 1
72 of 129 parcels homesteaded (FL DOR 2025)
44%
Non-owner-occupied · Waterfront Estates Unit 1
incl. 12% trust or LLC-held · 5% out-of-state
121
Homes in the community
plus 8 vacant residential lots · 129 residential parcels (FL DOR 2025)
Track record · 14 years of records
Est. 1957
Community established
homes built 1957-2024, median 1969 (FL DOR 2025)
3
Failed listings · 2026
peaked at 5 in 2017
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Waterfront Estates Unit 1 is an older platted community — median year built 1969 — with a build range stretching all the way to 2024, which tells you this is a neighborhood where teardown-and-rebuild activity coexists with original construction. That spread is the single biggest variable in valuation here: condition and vintage separate homes far more than location within the community does.

With 121 homes total and just over half (55.8%) carrying a homestead exemption, this is not a community dominated by short-term or investor ownership, but it is not overwhelmingly owner-occupied either. That mix means inventory can include both long-held original homes and more recently transacted or rebuilt properties, so buyers should expect real variation in finish level and system age from one listing to the next.

Best for

  • Buyers seeking waterfront access without dependence on shared community amenities.
  • Buyers open to a full inspection-driven evaluation given the wide range of construction vintages.
  • Buyers considering a teardown-and-rebuild strategy on an established waterfront lot.

Probably not for

  • Buyers who want a clubhouse, pool, or organized recreational facility included with ownership.
  • Buyers who assume uniform home age and condition across a small community.
  • Buyers unwilling to budget for potential system updates in an original mid-century structure.

The market around Waterfront Estates Unit 1

Waterfront Estates Unit 1 is a small community — 29 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.

Across Hillsborough County, 5,970 homes are active and 2,046 pending (26% under contract).

Homes here are single family residence.

ZIP and county figures describe the wider market, not Waterfront Estates Unit 1 specifically. Momentum Research analysis of MLS records.

If we were buying in Waterfront Estates Unit 1 today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Waterfront Estates Unit 1.

Best Buy
Buyers comfortable evaluating homes on a case-by-case basis rather than expecting uniform condition across the community.
Biggest Risk
Older homes near the 1969 median year built may carry deferred maintenance or systems approaching end of life.
Sweet Spot
A home built or substantially updated in the last decade, sized near the 1,877 sq ft median, offering water access without teardown-level risk.
Avoid If
You want a community with shared recreational amenities — none are identified here.

Old Bones, New Construction

The 1957–2024 build range is the defining fact of this market. A median year built of 1969 confirms most of the housing stock is original mid-century construction, but the presence of homes built as recently as 2024 means the community has absorbed teardown-rebuild cycles common to waterfront lots where land value can outweigh an aging structure. Buyers should treat every listing as its own case: a 1960s home on the same street as a 2020s rebuild can carry very different maintenance profiles, system ages, and construction standards.

Median living area of 1,877 square feet places this squarely in moderate-size territory — not a community of large estate homes, but not compact either. No community amenities are identified from current MLS listings, which suggests this is a straightforward residential waterfront pocket without a shared clubhouse, pool, or recreational facility tied to the HOA. Any appeal here is about the individual lot and water access, not shared common-area amenities.

The location and the amenities are priced into every listing in Waterfront Estates Unit 1. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a community spanning nearly seven decades of construction, the difference between a fairly priced home and an overpriced one often comes down to what's actually behind the walls — roof age, electrical updates, seawall condition. We walk every comparable with that lens, not just square footage and bedroom count, so you're not paying original-construction risk at rebuild-level pricing, or vice versa.

Waterfront Estates Unit 1 in 15 seconds.

Best forBuyers comfortable evaluating homes on a case-by-case basis rather than expecting uniform condition across the community.
Biggest advantageThe build-year spread means both original mid-century homes and recently rebuilt properties are available in the same footprint.
Biggest riskOlder homes near the 1969 median year built may carry deferred maintenance or systems approaching end of life.
Sweet spotA home built or substantially updated in the last decade, sized near the 1,877 sq ft median, offering water access without teardown-level risk.
Avoid ifYou want a community with shared recreational amenities — none are identified here.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Waterfront Estates Unit 1 sales matched to your home.

What is your Waterfront Estates Unit 1 home worth?

Get a no-obligation home value based on real comparable sales in Waterfront Estates Unit 1, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Waterfront Estates Unit 1?
The Florida DOR 2025 assessment roll shows 121 homes plus 8 vacant residential lots in Waterfront Estates Unit 1 (public records).
What share of Waterfront Estates Unit 1 is owner-occupied?
56% of Waterfront Estates Unit 1 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Waterfront Estates Unit 1 built?
Homes in Waterfront Estates Unit 1 were built between 1957 and 2024, with a median year built of 1969 (FL DOR 2025 roll).
Who is the best real estate agent for Waterfront Estates Unit 1?
The best agent for Waterfront Estates Unit 1 is one who actively works Tampa and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Waterfront Estates Unit 1.
How do I find a top Tampa real estate agent who knows Waterfront Estates Unit 1?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Waterfront Estates Unit 1 and the wider Tampa area.
Can Momentum Realty connect me with an agent for Waterfront Estates Unit 1?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Waterfront Estates Unit 1 purchase or sale - no call center and no pressure.
Buyers seeking waterfront access without dependence on shared community amenities.Excellent fit
Buyers open to a full inspection-driven evaluation given the wide range of construction vintages.Excellent fit
Buyers considering a teardown-and-rebuild strategy on an established waterfront lot.Excellent fit
Buyers who want a clubhouse, pool, or organized recreational facility included with ownership.Probably not
Buyers who assume uniform home age and condition across a small community.Probably not
Buyers unwilling to budget for potential system updates in an original mid-century structure.Probably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (2 streets, ZIP 33615))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2012 (9 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.

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