12924 Gulf Boulevard 502, St Petersburg, FL 33708
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  • MLS#: TB8415969 ( ResidentialIncome )
  • Street Address: 12924 Gulf Boulevard 502
  • Viewed: 1
  • Price: $749,000
  • Price sqft: $866
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: GulfAccess,OceanAccess
  • Year Built: 1979
  • Bldg sqft: 865
  • Bedrooms: 1
  • Total Baths: 1
  • Days On Market: 2
  • Additional Information
  • Geolocation: 27.785 / -82.784
  • County: PINELLAS
  • City: St Petersburg
  • Zipcode: 33708
  • Subdivision: Sandy Shores Condo
  • Provided by: NEXTHOME GULF COAST
  • DMCA Notice
  • Description
    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 2024despite 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 decorready for you or your guests to enjoy immediately. Inside, youll 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 storageall 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 Johns Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. Its 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 Floridas most popular coastal destinations. Schedule your showing today!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, OutdoorGrill
  • Living Area: 865.00
  • Roof: Membrane
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned
Eco-Communities
  • Pool Features: Association, Community
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Central, Electric
  • Pets Comments: Small (16-35 Lbs.)
  • Sewer: PublicSewer
  • Utilities: CableConnected, ElectricityConnected, SewerConnected, WaterConnected
Amenities
  • Association Amenities: Elevators, Laundry, Pool
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Country: US
  • Interior Features: CeilingFans, CrownMolding, OpenFloorplan, StoneCounters, SolidSurfaceCounters, WalkInClosets, WindowTreatments
  • Legal Description: SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502
  • Area Major: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • Occupant Type: Tenant
  • Parcel Number: 15-31-15-78644-000-5020
  • Possession: CloseOfEscrow
  • The Range: 0.00
  • Unit Number: 502
  • View: Ocean, Water
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