Active

$550,000

Features:
  • 2 Bedrooms
  • 2 Bathrooms
  • 914 sq ft
Overview
  • ID: MFRTB8329499
  • Bedrooms: 2
  • Bathrooms: 2
  • Size: 914 sq ft
Property Details
Remarks
Experience the Allure of Treasure Island at Crystal Palms Beach Resort! Presenting Unit 502—a picturesque two-bedroom, two-bathroom condominium located on the fifth floor of the highly desirable Crystal Palms Beach Resort. Enjoy peaceful Gulf of Mexico views from your private, covered balcony—perfect for morning coffee or a relaxing evening cocktail. This beautifully furnished, turnkey unit is not just a tranquil beach escape—it’s also a proven revenue generator. Rental income was $56,405 in 2023, $49,842 in 2024, and an impressive $32,380.00 already posted from January through June 2025, making it an ideal choice for investors or those considering a 1031 exchange. The interior features a contemporary kitchen with sleek granite countertops, stainless steel GE appliances, and a full-size washer and dryer for added convenience. Each bedroom includes an updated en-suite bathroom, offering privacy for guests. The spacious master suite features direct balcony access and an additional vanity area. Crystal Palms Beach Resort offers a heated outdoor pool and spa, tropical landscaping, storm-resistant construction, and assigned under-building parking. There are no restrictions on rental duration, allowing for nightly, weekly, or monthly rentals. Manage it yourself through Airbnb or hire a professional management company—your choice. Explore the potential tax benefits outlined in IRS Publication 527 and consider the strong financial upside of owning a vacation rental just moments from John’s Pass, downtown St. Pete, and Tampa Bay’s major sports venues. Even more exciting, this unit is one of two currently available by the same seller in the building (Units 402, 502 ). Buyers are welcome to purchase individually or as part of a rare multi-unit investment package in one of Treasure Island’s most consistent income-producing resort communities. Schedule your private showing today and seize the opportunity to enjoy the beach lifestyle while building long-term wealth!
Financial Considerations
Price:
$550,000
HOA Fee:
1285
Tax Amount:
$6714.96
Price per SqFt:
$601.75
Tax Legal Description:
CRYSTAL PALMS BEACH RESORT AT TREASURE ISLAND CONDO UNIT 502
Exterior Features
Lot Size:
50565
Lot Features:
FloodZone, City Limits, Near Public Transit, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Circular Driveway, Ground Level, Guest, Off Street, Reserved, Basement
Roof:
Membrane
Pool:
Yes
Pool Features:
Deck, Gunite, Heated, In Ground, Lighting, Tile
Interior Features
Bedrooms:
2
Bathrooms:
2
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Trash Compactor, Washer
Furnished:
Yes
Floor:
Laminate
Levels:
One
Additional Features
Property Sub Type:
Condo - Hotel
Style:
N/A
Year Built:
2008
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Lighting, Sidewalk, Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    11605 GULF BLVD #502
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