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$41,295 in rental revenue from January to July 2024 (80% occupancy). U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628 U8255628
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11605 GULF BLVD #501, ST PETERSBURG, 33706



Property highlights

  • MLS#: U8255628
  • 50,565.00 lot size Sq.Ft.
  • Year built: 2008
  • Floor: 5
  • Pool: Private pool Community pool
  • Listed: 08/30/2024
  • Taxes: $6,714.96
  • HOA fees (monthly): $1,540.00
  • Average Monthly Fees (not including CDD, if any): $1,540.00
  • Maintenance fee includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Sewer, Trash and Water
  • Building Name: CRYSTAL PALMS
  • Virtual Tour

Property Overview

Discover Coastal Bliss and Investment Potential at Crystal Palms Beach Resort. Experience the ultimate blend of coastal luxury and investment potential in this stunning two-bedroom, two-bathroom condo at Crystal Palms Beach Resort, nestled in the heart of Treasure Island, Florida. This fifth-floor gem offers sweeping views of the Gulf of Mexico from its coveted Southwest corner, perfectly captured by the expansive wrap-around balcony—ideal for sunset dining or simply unwinding with a coastal breeze. An investor's dream, this vacation rental property generated $57,862.94 in 2022, even with 55 nights reserved for personal use. In 2023, revenue reached $48,475 with an additional $13,800 potential income (owner stayed in unit 69 nights during peak season), showcasing the robust rental market. Already in 2024, the unit has earned $41,295 from January to July (80% occupancy). As seen on HGTV, this fully furnished unit is ready for immediate occupancy or a seamless entry into the vacation rental market. The modern kitchen boasts upgraded GE appliances, granite countertops, and an in-unit washer and dryer. Both bedrooms feature en-suite bathrooms, with the master bedroom offering balcony access and an additional vanity sink. Recent enhancements include fresh paint, new faucets, and highline toilets. Crystal Palms is more than just a place to stay—it's a destination. Enjoy the outdoor heated pool and spa, surrounded by lush tropical landscaping. Your vehicle is protected with assigned under-building parking. The building, lauded for its architecture, features storm-resistant doors and windows, ensuring peace of mind. With no minimum stay requirement and average bookings of six nights, this condo is a perfect blend of personal retreat and lucrative investment. Financing options are available, and potential buyers can benefit from Vacation Rental Tax Benefits as outlined in IRS Publication 527. Located minutes from two international airports, John's Pass Boardwalk, Downtown St. Pete, and major sports venues, this property offers convenience and excitement. Whether you're seeking a vacation home, an investment for a 1031 exchange, or both, Unit 501 at Crystal Palms Beach Resort is a rare opportunity. Schedule your private showing today and start living the beachside dream while enjoying financial rewards!

Driving directions : Central Ave to 107th Ave. Right on Gulf Blvd. Right on 116th Ave. Left on 1st St E. Left into parking lot

Property Features

Rooms Dimension Description
Kitchen First level , Laminate , Granite Counters
Living Room First level , Laminate , Ceiling Fan(s)
Primary Bedroom First level , Laminate , Ceiling Fan(s) , Dual Sinks , En Suite Bathroom
Bedroom 2 First level , Laminate , Ceiling Fan(s) , En Suite Bathroom

Interior Features

  • Built-in Features
  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Split Bedroom
  • Thermostat
  • Window Treatments

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Microwave
  • Range
  • Washer

Heating

  • Central
  • Electric

Laundry features

  • Electric Dryer Hookup
  • Laundry Closet
  • Washer Hookup

Air Conditioning

  • Central Air

Floor Covering

  • Laminate

Utilities

  • Cable Connected
  • Electricity Connected
  • Phone Available
  • Public
  • Sewer Connected
  • Street Lights
  • Water Connected

Exterior features

  • Balcony
  • Lighting
  • Outdoor Grill
  • Sidewalk
  • Sliding Doors

Pool features

  • Gunite
  • Heated
  • In Ground
  • Lighting
  • Tile

Parking features

  • Assigned
  • Covered
  • Ground Level
  • Guest
  • Under Building

View

  • Pool
  • Water

Patio and porch features

  • Covered
  • Deck
  • Wrap Around

Architectural Style

  • Contemporary

Community Features

  • Pool

Association Amenities

  • Elevator(s)
  • Pool
  • Spa/Hot Tub

Security Features

  • Key Card Entry

Construction Materials

  • Block
  • Stucco

Road Surface Type

  • Paved

Property Condition

  • Completed

Roof

  • Membrane

Foundation

  • Pillar/Post/Pier

Vegetation

  • Mature Landscaping

Lot Features

  • FloodZone
  • City Limits
  • Sidewalk
  • Paved

Listing information courtesy of COASTAL PROPERTIES GROUP

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