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!
New construction
$4,664,705
4308 W Gray Street Thru #1-6, Tampa, FL 33609
3beds
3baths
13,662sqft
Est.:
Multi Family
Built in 2025
-- sqft lot
$4,445,100 Zestimate®
$341/sqft
$-- HOA
What's special
Modern farmhouse-style homesQuartz countertopsHigh-end finishesThoughtfully designed living spaceStainless steel appliances
- 88 days
- on Zillow |
- 671 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 08:35am
Listing Provided by:
Josh Taylor 813-382-4767,
COMPASS FLORIDA LLC 305-851-2820,
Rudi Ramnanan 813-409-1827,
COMPASS FLORIDA LLC
Source: Stellar MLS,MLS#: TB8388069
Originating MLS: Suncoast Tampa

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Rooms
- Room types: Den/Library/Office
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Refrigerator
- Laundry: Laundry Closet, Upper Level
Features
- Open Floorplan, Other
- Flooring: Luxury Vinyl
- Has fireplace: No
Interior area
- Total structure area: 15,504
- Total interior livable area: 13,662 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
- Details: Garage Dimensions: 19x11
Features
- Levels: Two
- Stories: 2
- Exterior features: Other
Lot
- Size: 0.36 Acres
Details
- Additional parcels included: A-21-29-18-B8D-000000-00005.0, A-21-29-18-B8D-000000-00004.0, A-21-29-18-B8D-000000-00003.0, -29-18-B8D-000000-00002.0, A-21-29-18-B8D-000000-00001.0
- Parcel number: A212918B8D00000000006.0
- Zoning: PD
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder model: Gray Street Townhomes
- Builder name: Phi International Inc.
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Subdivision: WESTSHORE PALMS
HOA
- Has HOA: Yes
- Pet fee: $0 monthly
Location
- Region: Tampa
Financial & listing details
- Price per square foot: $341/sqft
- Annual tax amount: $5,314
- Date on market: 5/22/2025
- Listing terms: Cash,Conventional,Other,Private Financing Available
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Concrete, Paved
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