The prominent South Tampa apartment community known as The Pointe on Westshore has officially been relisted on the commercial real estate market. Spanning nearly twenty acres, this massive 444-unit residential property offers a glimpse into the dynamic shifts currently shaping the regional multi-family housing sector.
As an industry professional with decades of experience, I always encourage investors to monitor these high-profile transactions closely. Reviewing comprehensive informational guides can help stakeholders better understand the mechanics behind multi-million dollar asset shifts like this one.
Understanding the South Tampa Multifamily Market Dynamics
The journey of this asset highlights the fast-paced nature of modern real estate investment across coastal Florida neighborhoods. American Landmark Apartments previously acquired the sprawling location for a staggering $134 million just a couple of years prior from its original developer.
Current Valuation and Surrounding Property Trends
Although the brokerage firm handling the transaction has chosen to keep the exact asking price under wraps, the property’s sheer scale speaks volumes. Spanning a 19.41-acre footprint at 4950 W. Prescott St., the site boasts incredible proximity to local economic drivers and scenic waterfront vistas.
Market data from the third quarter of 2026 demonstrates a remarkably healthy economic backdrop for this fresh listing. Stabilized occupancy within the South Tampa submarket hovered right around 87.1 percent while average effective monthly rents settled comfortably near $2,116.
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Even more impressive is the strong demand outpacing new supply across the broader municipal footprint. South Tampa successfully absorbed a total of 528 apartments through the first nine months of the year, easily outpacing the 324 newly delivered units.
Property Features and Investment Appeal
Completed recently in 2022, the residential community features an attractive mix of one-, two-, and three-bedroom floor plans. These spacious units average roughly 1,067 square feet and are complemented by a wide array of upscale community amenities tailored for modern tenants.
For those passionate about the built environment, exploring broader architecture articles reveals how contemporary multi-family layouts prioritize luxury and efficiency. Thoughtful site planning ensures residents enjoy both comfort and aesthetic appeal right in the heart of the Sunshine State.
Strategic Location and Neighboring Listings
Location remains a primary selling point for prospective buyers evaluating this premier multi-family investment opportunity. Situated roughly a mile away from MacDill Air Force Base, the asset benefits from a steady, reliable tenant base tied to military and defense personnel.
Additionally, residents are treated to stunning, unobstructed views of Tampa Bay and the surrounding urban skylines. Property enthusiasts often appreciate how modern home design principles maximize these natural waterfront landscapes to enhance overall resident satisfaction.
The brokerage firm is concurrently managing the marketing campaign for another nearby residential asset named Casa Bella on Westshore. Together, these two listings bring the total number of marketed units in the immediate submarket to an impressive 694 apartments.
Ultimately, this high-profile relisting serves as a strong indicator of continued institutional confidence in Florida’s thriving urban submarkets. Observers of regional architecture and investment will undoubtedly watch closely to see how the bidding process unfolds for this trophy asset.
Here is the source article for this story: South Tampa Apartments Relisted After $134 Million Sale
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