506 E SPARKMAN AVENUE, TAMPA, FL, 33602
Active89 days on marketListed May 5, 2026MLS #TB8502629
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Upcoming open house
Sun, Aug 2
12:00 PM – 3:00 PM
About this home
506 E SPARKMAN AVENUE
PRICE IMPROVEMENT this fully updated 2-unit property is the ideal 1031 exchange investment or the perfect live-in-one, rent-one-out scenario for the savvy buyer looking to offset their mortgage in one of Tampa's hottest neighborhoods. Both units feature 2 bedrooms and 1 bath, offering comfortable and functional layouts that appeal to a wide range of tenants. The property has been thoughtfully upgraded with major systems already addressed — including a brand new 2024 roof, 2022 HVAC, and 2021 water heater — giving the next owner true peace of mind and minimal near-term capital expenditure. Sitting on a large, oversized lot with room to breathe, this Tampa Heights gem is perfectly positioned for long-term appreciation. You're just 1 mile from Armature Works, 2 miles from Water Street, and moments from the energy of Downtown Tampa — all while enjoying the charm and community feel of one of the city's most sought-after historic neighborhoods. With over $65,000 in documented improvements invested across recent years — covering kitchens, bathrooms, flooring, appliances, plumbing, electrical, and exterior maintenance — this property has been consistently cared for and is move-in ready. The next chapter of Tampa Heights starts here. It starts with this property.
Facts & features
The home at a glance
4
Bedrooms
1,852
Sqft
0.13 ac
Lot size
1964
Year built
$340
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,481 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,481/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Tampa actives
$340 vs $300
Days on market
89 vs 33 typical
Where $340/sqft sits among the 400 Tampa actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Tampa
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tampa. See the full Tampa guide →
TAMPA 33602 — neighborhood snapshot
Population
19,694
Median age
35.2
Median income
$88,569
Median home value
$560,400
Avg household
1.78
Households w/ children
1,289
For the school run
Hillsborough County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tampa market
$430K → $455K
Tampa median sold, yr/yr
96.9%
Sale-to-list ratio (12 mo)
182 of 400
Tampa actives have cut their price
Median sold price, Tampa, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 9% above the TAMPA 33602 median. See the full Tampa market guide →
Paper trail
This home's history
Reality check
What actually sold near 506 E SPARKMAN AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$625,000
1306 W CARMEN STREET UNIT 1
3 bd · 2.5 ba · 1,778 sqft · $352/sqft · 15 DOM
Sold · May ’26$650,974
1005 W CYPRESS STREET UNIT 2
3 bd · 2.5 ba · 1,620 sqft · $402/sqft · 272 DOM
Sold · Aug ’25$700,000
1332 W GRAY STREET UNIT 8
3 bd · 3.5 ba · 2,097 sqft · $334/sqft · 28 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 506 E SPARKMAN AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 506 E SPARKMAN AVENUE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Straight answers
506 E SPARKMAN AVENUE FAQs
What would the monthly payment be for 506 E SPARKMAN AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,481/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 506 E SPARKMAN AVENUE?+
The most recent tax bill on record (2025) was $8,226. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Tampa?+
At $629,999, this home is listed about 36% above the Tampa median of $464,900. The market section on this page shows how the area is trending.
Which schools are assigned to 506 E SPARKMAN AVENUE?+
Gorrie Elementary School (elementary), Wilson Middle School (middle), Patricia Sullivan Metropolitan Ministries Partnership School (elementary), Plant High School (high) — Hillsborough County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Time on market is leverage
89 days on market against a Tampa median of 33 — sellers in this position are usually ready to negotiate.
02Strong assigned schools
Gorrie Elementary School, Wilson Middle School, Patricia Sullivan Metropolitan Ministries Partnership School, Plant High School — Gorrie Elementary School rates 5 of 5. Always verify assignments with the district.
03The price has already moved
Listed at $675,000, now $629,999 — a $45K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of PINEYWOODS REALTY LLC · Nick McCormick. MLS #TB8502629.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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