tomo logo

$299,990

Beds
1
Baths
1.0
sq ft
300

5500 Gulf Blvd Unit 5255, St Pete Beach, FL 33706

5500 Gulf Blvd Unit 5255

ST PETE BEACH, FL 33706

  • 168 days on market
    • Price drop $50,000↓
Discover a slice of paradise at the Tradewinds Island Resort on St. Pete Beach. This 300 sq. ft. Condo-Hotel offers a charming kitchenette, two double beds, and a lucrative turnkey rental income through an established rental program. Benefit from robust tourism demand while enjoying up to 28 days of personal use per year. The resort spans 30 acres and features 7 pools, 13 restaurants, water slides, fitness programs, tennis, mini golf, zip-lining, jet ski rentals, beach volleyball, private cabanas, and paddle boat rides. It's not just a vacation destination; it's a lifestyle. On-site management handles all rental arrangements, making it an ideal candidate for a 1031 IRS Tax Deferred Exchange. With exciting expansion plans underway, the income potential of this investment is set to grow. This is a golden opportunity to indulge in luxury amenities and secure a remarkable return on investment. Elevate your lifestyle at the TradeWinds Island Grand Resort—don’t miss out!

Details

Property type

Condominium

Est. home value

$313,935

Lot size

Unknown

Price per sq ft

$1,000

Year built

1990

Annual property taxes

$3,804

Monthly HOA fee

$455.1

Price History

07/23/2024
StellarMLS

StellarMLS #U8237429

Price change
$299,990
-14.29%
04/05/2024
StellarMLS

StellarMLS #U8237429

Listed
$349,990
02/01/2024
StellarMLS

StellarMLS #U8186072

Removed
$349,990

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Fitness Center, Playground, Pool, Tennis Court(s)

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

Bank Of The Ozarks

Loan start date

September 2021

Original loan amount

$220,150

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Purchase Money Mortgage, 30 year

Seller

Derick Tran Nguyen and The Jc Nguyen Revocable Trust

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?

Status: Active

Tomo last checked: 09/19/2024 at 10:55 PM

Listing updated: 07/23/2024 at 8:51 AM

Listed by: Valerie McClary, EXP REALTY Phone #: (727) 592-2286

MLS: StellarMLS #U8237429

StellarMLS logo

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