11605 GULF BOULEVARD UNIT 501 TREASURE ISLAND FL 33706 MLS #U8226605

11605 GULF BOULEVARD UNIT 501
TREASURE ISLAND, FL, 33706
$585,000
2 Beds
2 Baths
914 SqFt
1.16 Acres
Add
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!

Property Details

Price:
$585,000
MLS #:
U8226605
Status:
Active
Beds:
2
Baths:
2
Address:
11605 GULF BOULEVARD UNIT 501
Type:
Single Family
Subtype:
Condo – Hotel
Subdivision:
CRYSTAL PALMS BCH RESORT AT TREASURE ISLAND CONDO
City:
TREASURE ISLAND
Listed Date:
Jan 12, 2024
State:
FL
Finished Sq Ft:
914
ZIP:
33706
Lot Size:
50,565 sqft / 1.16 acres (approx)
Year Built:
2008
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Appliances
Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Laminate
Heating
Electric, Heat Pump
Laundry Features
Inside, Laundry Closet

Exterior

Architectural Style
Contemporary
Community Features
Pool
Construction Materials
Block, Stucco
Exterior Features
Balcony, Garden, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
Parking Features
Assigned, Covered, Ground Level, Guest, Off Street, On Street, Reserved, Under Building
Roof
Membrane

Financial

Buyer Agent Compensation
2%-$395%
HOA Fee
$1,540
HOA Frequency
Monthly
HOA Includes
Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
Tax Year
2022
Taxes
$5,898

Map

Community

Similar Listings Nearby

11605 GULF BOULEVARD UNIT 501
TREASURE ISLAND, FL