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11605 Gulf Boulevard , #501

Treasure Island, FL 33706
  • $615,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: U8226605
UPDATED: 75 min ago
$615,000
  • 2
    BEDS
  • 1.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 914
    SQFT
  • $673
    $/SQFT

School Ratings & Info

Description

Introducing an exceptional vacation rental property on the market: boasting an impressive $57,862.94 in rental revenue for 2022. The current owner strategically reserved 55 nights for personal use and an additional 11 nights for maintenance, potentially unlocking an extra $13,200 in annual income. As featured on Beachfront Bargain Hunt for its outstanding value, Crystal Palms Beach Resort offers a two-bedroom, two-bathroom fifth-floor unit with a captivating Southwest corner position, providing a breathtaking view of the Gulf of Mexico. The expansive wrap-around balcony, perfect for lounging and al fresco dining, elevates the experience of enjoying the sunset. Crystal Palms welcomes short-term rentals, making this property an ideal choice for those seeking a contemporary beach retreat with a lucrative rental income. The unit is being sold fully furnished, allowing for immediate occupancy upon closing or seamless integration into the vacation rental market. The kitchen boasts luxury with updated GE appliances, granite countertops, and an in-unit washer and dryer. This unit is equipped with three flat-screen TVs, balcony access from both the living room and master bedroom, and an owner's closet for personal items. The master bedroom features a king bed, an en-suite bathroom, and an additional vanity sink, while the second bedroom is also en-suite with access from the living area. Recent upgrades include fresh paint, new faucets, and tall highline toilets. The building itself, recognized with architectural awards, comes with storm doors and windows. Enjoy the outdoor heated pool and spa surrounded by lush tropical landscaping, and benefit from the convenience of an assigned parking space under the building. With a minimum one-night rental requirement (though the average stay is six nights), owners can use the unit for up to 90 days annually. Financing options are available, and potential buyers are encouraged to explore Vacation Rental Tax Benefits outlined in IRS Publication 527. Situated close to two international airports, John's Pass Boardwalk, Downtown St. Pete, and major sports venues, this property is not just a great vacation rental but also an ideal investment for those considering a 1031 exchange. Book your exclusive showing appointment today and step into a lifestyle where beach living meets financial gain!

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-02-28T09:47:10.06.
www.lockhartteam.com/homes/146606190
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11605 Gulf Boulevard , #501 Treasure Island, FL 33706

  • Price: $615,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 75 min ago
  • MLS #: U8226605
2
Beds
2
Baths
0
½ Baths
1.16
Acres
914
SQFT
$673
$/SQFT
2008
Built
Neighborhood:
Crystal Palms Bch Resort At Treasure Island Condo
County:
Pinellas
Area:
St Pete/Pass A Grille Beach/St Pete Beach/Treasure Island
Property Description
Introducing an exceptional vacation rental property on the market: boasting an impressive $57,862.94 in rental revenue for 2022. The current owner strategically reserved 55 nights for personal use and an additional 11 nights for maintenance, potentially unlocking an extra $13,200 in annual income. As featured on Beachfront Bargain Hunt for its outstanding value, Crystal Palms Beach Resort offers a two-bedroom, two-bathroom fifth-floor unit with a captivating Southwest corner position, providing a breathtaking view of the Gulf of Mexico. The expansive wrap-around balcony, perfect for lounging and al fresco dining, elevates the experience of enjoying the sunset. Crystal Palms welcomes short-term rentals, making this property an ideal choice for those seeking a contemporary beach retreat with a lucrative rental income. The unit is being sold fully furnished, allowing for immediate occupancy upon closing or seamless integration into the vacation rental market. The kitchen boasts luxury with updated GE appliances, granite countertops, and an in-unit washer and dryer. This unit is equipped with three flat-screen TVs, balcony access from both the living room and master bedroom, and an owner's closet for personal items. The master bedroom features a king bed, an en-suite bathroom, and an additional vanity sink, while the second bedroom is also en-suite with access from the living area. Recent upgrades include fresh paint, new faucets, and tall highline toilets. The building itself, recognized with architectural awards, comes with storm doors and windows. Enjoy the outdoor heated pool and spa surrounded by lush tropical landscaping, and benefit from the convenience of an assigned parking space under the building. With a minimum one-night rental requirement (though the average stay is six nights), owners can use the unit for up to 90 days annually. Financing options are available, and potential buyers are encouraged to explore Vacation Rental Tax Benefits outlined in IRS Publication 527. Situated close to two international airports, John's Pass Boardwalk, Downtown St. Pete, and major sports venues, this property is not just a great vacation rental but also an ideal investment for those considering a 1031 exchange. Book your exclusive showing appointment today and step into a lifestyle where beach living meets financial gain!
Exterior Features

Architectural Style Contemporary Carport Yn No Construction Materials BlockStucco Direction Faces East Exterior Features BalconyGardenIrrigation SystemLightingOutdoor GrillSidewalkSliding Doors Fencing Vinyl Foundation Details Pillar/Post/PierStilt/On Piling Lot Features FloodZoneCity LotLandscapedNear Public TransitSidewalk Open Parking YN Yes Parking Features AssignedCoveredGround LevelGuestOff StreetOn StreetReservedUnder Building Patio And Porch Features CoveredPatioRear PorchWrap Around Pool Features DeckGuniteHeatedIn Ground Pool Private Yn Yes Road Frontage Type Street Paved Road Surface Type Paved Roof Membrane Spa Features HeatedIn Ground Spa YN Yes View CityPoolWater Water Access Yn No Water Body Name Gulf Of Mexico Water Extras Yn No Water View Gulf/Ocean - Full Water View Yn Yes Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Bar FridgeDishwasherDisposalDryerElectric Water HeaterIce MakerMicrowaveRangeRefrigeratorWasher Building Area Total 914 Building Elevator Yn Yes Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Laminate Furnished Furnished Heating ElectricHeat Pump Heating YN Yes Interior Features Built in FeaturesCeiling Fans(s)Living Room/Dining Room ComboPrimary Bedroom Main FloorOpen FloorplanSplit BedroomThermostat Laundry Features InsideLaundry Closet Levels One Rooms Bedroom 2 (En Suite Bathroom) Primary Bedroom (Ceiling Fan(s)Dual SinksEn Suite Bathroom) Kitchen (Breakfast Bar) Living Room (Ceiling Fan(s)) Sewer Public Sewer Stories Total 6 Water Source Public Window Features Double Pane WindowsImpact Glass/Storm WindowsWindow Treatments

Property Features

Additional Lease Restrictions Owners may do as little as a one day lease. Owner may use on site managementoff site management or self manage. Owner stay limited to 90 days per yearanytime. Approval Process None Association Amenities Pool Association Approval Required Yn No Association Fee 1540 Association Fee Frequency Monthly Association Fee Includes Cable TVCommunity PoolEscrow Reserves FundInsuranceInternetMaintenance StructureMaintenance GroundsPool MaintenanceSewerTrashWater Association Fee Monthly Amount 1540 Association Fee Requirement Required Association Yn Yes Building Name Number CRYSTAL PALMS Cdd Yn No Community Features Pool Condo Land Included Yn Yes Flood Zone Code AE Floor Number 5 Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventional Minimum Lease 1-7 Days Month To Month Or Weekly Yn Yes New Construction Yn No Ownership Fee Simple Pets Allowed No Property Condition Completed Property Sub Type Condo - Hotel Realtor Info As-IsDocs AvailableForeign SellerNo SignShort Term Rental Allowed Security Features Key Card EntrySmoke Detector(s) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 5897.55 Total Annual Fees 18480 Total Monthly Fees 1540 Utilities Cable ConnectedElectricity ConnectedPhone AvailablePublicSewer ConnectedSprinkler RecycledWater Connected Yrs Of Owner Prior To Leasing Re No


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of COASTAL PROPERTIES GROUP: 727-493-1555.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-02-28T09:47:10.06.
 
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Lockhart & Walseth Team, Realtors | Keller William Realty Gulf Beaches
175 107th Ave
Treasure Island FL, 33706