tomo logo

$585,000

Beds
2
Baths
2.0
sq ft
914

11605 Gulf Blvd Unit 502, Treasure Island, FL 33706

11605 Gulf Blvd Unit 502

ST PETERSBURG, FL 33706

  • 11 days on market
Experience the Allure of Treasure Island at Crystal Palms Beach Resort! Introducing Unit 502—a picturesque two-bedroom, two-bathroom condominium situated on the fifth floor of the renowned Crystal Palms Beach Resort. Revel in the tranquil views of the Gulf of Mexico from the comfort of your private, covered balcony, an idyllic setting for morning coffees or evening cocktails. This unit not only serves as a serene retreat but also stands as a proven revenue generator with a robust rental income of $56,405 in 2023, making it a prime choice for investors or those exploring a 1031 exchange. This turnkey property is fully equipped and beautifully furnished, featuring a contemporary kitchen with stainless steel GE appliances, sleek granite countertops, and all the essentials, including an in-unit washer and dryer. Both bedrooms boast updated en-suite bathrooms, providing privacy and convenience. The master bedroom offers the luxury of direct balcony access and includes an extra vanity sink for added comfort. The amenities at Crystal Palms Beach Resort are designed to enhance your stay. Take a dip in the heated outdoor pool or unwind in the spa, all set against a backdrop of exquisite tropical landscaping. Benefit from assigned under-building parking that keeps your vehicle secure and the building's storm-resistant features that ensure your safety. With no restrictions on rental durations, this condo provides exceptional versatility and consistently high demand. Start your own business and air bnb this unit yourself or use one of multiple management companies available to manage it for you. Explore financing options and take advantage of potential tax benefits for vacation rentals as detailed in IRS Publication 527. Located just moments away from John's Pass Boardwalk, downtown St. Petersburg, and multiple sports venues, this condo offers both accessibility and entertainment. Unit 502 at Crystal Palms Beach Resort is a unique opportunity to own a piece of Florida's paradise while capitalizing on its financial potential. Arrange your private showing now and embark on a journey of both personal enjoyment and financial benefit!

Details

Property type

Condominium

Est. home value

$566,698

Lot size

1.16 acres

Price per sq ft

$641

Year built

2008

Annual property taxes

$6,714.96

Monthly HOA fee

$1,540

Price History

12/11/2024
StellarMLS

StellarMLS #TB8329499

Listed
$585,000
+56%
06/30/2017
StellarMLS

StellarMLS #U7823367

Sold
$375,000
+20.19%
03/25/2015
StellarMLS

StellarMLS #U7727256

Sold
$312,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Alonso Investment Group 301S Llc

Loan start date

March 2015

Original loan amount

$242,000

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Commercial, 10 year

Seller

Barry Foszczyn

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 10:40 AM

Listing updated: 12/19/2024 at 9:27 AM

Listed by: Jill Helgren, COASTAL PROPERTIES GROUP Phone #: (727) 493-1555

MLS: StellarMLS #TB8329499

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