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$275,000

Beds
1
Baths
1.0
sq ft
765

7425 Bay Island Dr S Unit 202, South Pasadena, FL 33707

7425 Bay Island Dr S Unit 202

SOUTH PASADENA, FL 33707

  • 1 day on market
Welcome to your waterfront retreat in Bay Island, a premier 55+ community nestled between South Pasadena and St. Pete Beach. This beautifully updated 1-bedroom, 1-bath condo offers stunning, floor-to-ceiling water views overlooking Redfish Pass, where you can watch dolphins and manatees right from your living room. Step inside to find a completely renovated interior, featuring brand-new storm-impact windows that flood the space with natural light. The open living area showcases durable, waterproof Lifeproof LVP flooring and elegant tall baseboards, creating a sleek, modern feel. The updated kitchen is a chef’s dream, with new cabinetry, a Bosch dishwasher, and LG appliances, plus large windows that invite refreshing cross breezes while you cook. The bathroom has been fully updated with a new tub-shower combo, modern faucets, and a stylish vanity. A brand-new electrical panel with updated wiring and outlets ensures a clean, cable-free aesthetic, while the A/C system is just five years young. Bay Island offers an unmatched waterfront lifestyle with resort-style amenities, including a 24-hour guard-gated entrance, a first-come, first-serve marina and boat docks, six heated pools, two spas, and a two-story clubhouse featuring a ballroom, billiard room, card room, ping pong, darts, and separate men’s and women’s gyms—each with a sauna. Outdoor enthusiasts will love the 1.5-mile waterfront walking trail, tennis courts, pickleball courts, and a tiki hut picnic area with BBQ grills right along the water. All of this is just minutes from the white sandy beaches of St. Pete Beach and a short drive to downtown St. Petersburg, where you can explore the new St. Pete Pier, world-class dining, and vibrant arts and culture. One-month rentals are allowed, making this a fantastic investment opportunity or full-time coastal getaway. Don’t miss out on this rare opportunity—schedule your private tour today!

Details

Property type

Condominium

Est. home value

$303,746

Lot size

0.61 acres

Price per sq ft

$360

Year built

1972

Annual property taxes

$1,235.58

Monthly HOA fee

$600

Price History

02/20/2025
StellarMLS

StellarMLS #TB8350417

Listed
$275,000
-8.33%
08/17/2022
StellarMLS

StellarMLS #U8163619

Sold
$300,000
+150%
08/28/2020
StellarMLS

StellarMLS #A4465050

Sold
$120,000
+81.82%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks, Tennis Court(s)

Senior community center: 

Yes

Negotiation Insights

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

Seller could get up to

$156,390
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$96,610
Cash to seller
$156,390

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

August 2022

Original loan amount

$100,000

Est. remaining balance

$96,610

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Margaret Eakley

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: 02/21/2025 at 1:35 PM

Listing updated: 02/21/2025 at 6:52 AM

Listed by: Adam Benmbark, KELLER WILLIAMS ST PETE REALTY Phone #: (727) 894-1600

MLS: StellarMLS #TB8350417

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