Welcome to 2005 Palm Key Avenue, a standout builder model waterfront townhome offering 4 bedrooms, 3 full bathrooms, and a 2-car garage in the highly desirable, gated Bayside Terrace community. This home delivers the ultimate “lock-and-leave†lifestyle with an HOA that covers cable, internet, water, trash, roof replacement, exterior maintenance, landscaping, and secure gated entry—making electricity the only separate utility expense. One of the most impressive features of this home is its rare oversized waterfront setting. Natural light pours into the home, and the scenery becomes part of the everyday experience—enjoying beautiful bay and conservation views from the kitchen, dining area, living space, and the owner’s suite. The interior feels open and inviting thanks to soaring ceilings and a spacious, flowing floor plan designed for both comfort and entertaining. At the heart of the home is the upgraded kitchen, thoughtfully designed with an oversized island with seating, a stylish built-in beverage/coffee bar with glass-front cabinetry, and a large walk-in pantry—perfect for hosting, meal prep, and staying organized. Upstairs, the waterfront primary suite offers a peaceful escape with tranquil views and a spa-like bathroom featuring a soaking tub, separate shower, dual sinks, and a fully customized walk-in closet with built-ins. Two additional bedrooms are located upstairs along with a generously sized bonus room that can easily function as a media lounge, playroom, home gym, or game room. You’ll also love the convenience of the oversized upstairs laundry room, complete with custom built-ins and glass-front cabinetry, located just steps from the primary suite. Downstairs, an additional bedroom provides flexibility and can easily serve as a guest room or dedicated home office. Outside, relax and unwind in the screened lanai, where waterfront views set the stage for quiet mornings and stunning sunsets. Bayside Terrace residents enjoy an impressive lineup of resort-style amenities, including an infinity-edge pool overlooking Old Tampa Bay, fitness center, grilling stations, fire pit, kayak launch and storage, and a waterfront pier ideal for fishing or simply taking in the scenery. Perfectly positioned in the heart of Tampa Bay, this home is just minutes from downtown Oldsmar, about 10 minutes to Safety Harbor, 20 minutes to Honeymoon Island and Dunedin, 25 minutes to Tampa International Airport, and approximately 30 minutes to Clearwater Beach. This is a rare opportunity to own a waterfront townhome that combines luxury, location, and low-maintenance living—and as an added bonus, the current flood insurance policy may be transferable to the new owner.