Active

$749,000

Features:
  • 1 Bedrooms
  • 1 Bathrooms
  • 865 sq ft
Overview
  • ID: MFRTB8415969
  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 865 sq ft
Property Details
Remarks
Whether you're looking for a dream vacation retreat or a high-performing income property, this top-floor beachfront penthouse at Sandy Shores Condominiums offers the best of both worlds. Zoned for short-term rentals with no restrictions on owner use, this unit generated $73,662 in rental income in 2024—despite reduced bookings after the storms. In the first half of this year (January through June) it produced $43,916. With projected ROI exceeding 9% in 2025, this property is also an ideal 1031 exchange opportunity. The updated one-bedroom, one-bath unit is being sold fully furnished, including linens, cookware, and decor—ready for you or your guests to enjoy immediately. Inside, you’ll find an open-concept living area with sweeping Gulf views, hurricane-impact windows, and a renovated kitchen featuring custom wood cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the heated beachfront pool, grilling area, tiki hut, and bicycle storage—all part of the Sandy Shores amenities. The building has completed all required structural integrity inspections and reserve studies. With fully funded reserves, and recent upgrades including the roof, balconies, resurfaced pool and parking lot, and a backup generator, this is truly a turnkey coastal investment. Located directly on the beach and just steps from John’s Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. It’s also a short drive to St. Pete, Clearwater Beach, and Tampa, making it a top-tier location for visitors and owners alike. This is a rare chance to own a proven, income-producing beachfront condo in one of Florida’s most popular coastal destinations. Schedule your showing today!
Financial Considerations
Price:
$749,000
HOA Fee:
N/A
Tax Amount:
$8514.8
Price per SqFt:
$865.9
Tax Legal Description:
SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502
Exterior Features
Lot Size:
40089
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
1
Bathrooms:
1
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1979
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Outdoor Grill, Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    12924 GULF BLVD #502
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