Azola South Tampa: A Luxurious Residential Community in the Heart of South Tampa
ZOM Living Sells Luxury Azola South Tampa for $64.3 Million Amid Real Estate Boom
South Tampa, FL – In a significant move reflecting the booming real estate market in Tampa, national multifamily developer ZOM Living has finalized the sale of Azola South Tampa, a luxurious rental community, for an impressive $64.3 million. The buyer, Momentum Real Estate Partners, a Miami-based multifamily investment firm, is set to take over the 214-unit property located at 7701 Interbay Boulevard.
Nestled in the highly sought-after South Tampa neighborhood, Azola South Tampa is strategically positioned near popular destinations such as Westshore Plaza and Hyde Park Village, making it a prime location for residents. The community is also in close proximity to major employers, including Tampa General Hospital and MacDill Air Force Base, as well as the bustling Westshore Downtown Business District, just a short 10-minute drive away.
“The sale of this community underscores the robust demand we’ve witnessed for amenity-rich living spaces,” said Greg West, CEO of ZOM Living. “Tampa has undergone a significant real estate boom in recent years and stands out as one of the nation’s fastest-growing metropolitan areas.”
Spanning nine acres, Azola South Tampa boasts a serene environment characterized by grand oak trees and a natural vegetative habitat. The community offers a variety of floorplans, ranging from cozy one-bedroom apartments of 750 square feet to spacious three-bedroom townhome units measuring up to 2,100 square feet.
Residents can enjoy a wealth of amenities, including a 6,000-square-foot clubhouse featuring a lounge, co-working spaces, a gaming room, and a state-of-the-art fitness center. An outdoor community path winds through the oak trees, leading to a resort-style swimming pool complete with water features and a resident pavilion equipped with hammocks, summer kitchens, and grilling areas.
For pet owners, Azola South Tampa provides a range of pet-friendly amenities, including an on-site dog salon and a private dog park nestled beneath the existing tree canopy. The property also features detached garages and on-site electric vehicle chargers, catering to modern living needs.
ZOM Living has a long-standing presence in the Tampa area, having developed 12 residential communities over the past 30 years. The company recently announced plans for MetWest Residential, a new luxury multifamily community that will include 375 apartment units and 3,000 square feet of retail space in Tampa’s Westshore District. Additionally, ZOM Living delivered Azalea Apartments in 2023, featuring 289 luxury rental units, and opened the waterfront Seazen Rocky Point Apartments in 2019.
As Tampa continues to thrive as a desirable destination for both residents and investors, the sale of Azola South Tampa marks another milestone in the city’s dynamic real estate landscape.