Active

$550,000

Features:
  • 2 Bedrooms
  • 2 Bathrooms
  • 914 sq ft
Overview
  • ID: MFRTB8476615
  • Bedrooms: 2
  • Bathrooms: 2
  • Size: 914 sq ft
Property Details
Remarks
Discover Coastal Bliss and Exceptional Investment Potential at Crystal Palms Beach Resort. This premier fifth floor Southwest corner residence offers panoramic Gulf views and abundant natural light from one of the most desirable positions in the building, with an expansive wrap around balcony perfectly positioned for breathtaking sunsets and coastal breezes. This two bedroom, two bathroom condo blends personal enjoyment with proven rental performance, generating $57,862.94 in 2022 with 55 nights of owner use, $48,475 in 2023 with an additional $13,800 potential income while the owner occupied 69 peak season nights, and $41,295 from January through July 2024 with approximately 80 percent occupancy; 2025 was reserved for personal use. Fully furnished and turnkey, the unit features a modern kitchen with upgraded GE appliances, granite countertops, and an in unit washer and dryer. Both bedrooms offer en suite baths, with the primary suite featuring direct balcony access and an additional vanity sink. Recent updates include fresh interior paint, new faucets, and highline toilets. Crystal Palms Beach Resort offers a heated pool and spa surrounded by tropical landscaping, assigned under building parking, and storm resistant doors and windows. The building is nearing completion of significant exterior improvements including updated stucco, waterproofing, and fresh exterior paint, enhancing both aesthetics and long term value. With no minimum stay requirement and average bookings of six nights, this property provides flexibility for personal use or income generation and is ideal for a vacation home, 1031 exchange, or investment portfolio addition. Located in the heart of Treasure Island just minutes to John’s Pass, Downtown St. Pete, major airports, dining, shopping, and entertainment, Unit 501 presents a rare opportunity to own a fifth floor Southwest corner wrap balcony residence with sweeping Gulf views and strong rental history.
Financial Considerations
Price:
$550,000
HOA Fee:
1285
Tax Amount:
$5875
Price per SqFt:
$601.75
Tax Legal Description:
CRYSTAL PALMS BEACH RESORT AT TREASURE ISLAND CONDO UNIT 501
Exterior Features
Lot Size:
50565
Lot Features:
FloodZone, City Limits, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Covered, Ground Level, Guest, Basement
Roof:
Membrane
Pool:
Yes
Pool Features:
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, Washer
Furnished:
Yes
Floor:
Laminate
Levels:
Multi/Split
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, Outdoor Grill, Sidewalk, Sliding Doors
Additional Features 2:
Owners may use any choice of management companies or or self manage.
Map
  • Address
    11605 GULF BLVD #501
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