Active
11605 GULF BLVD #501
TREASURE ISLAND FL, 33706
$609,000
$666.30 per sqft
Active
2 Beds
2 Baths
914 sqft
Condos
Built in 2008
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!
TB8330560
MLSⓇ ID
December 16, 2024
Listed
December 19, 2024
Updated
Map
11605 GULF BLVD #501
TREASURE ISLAND FL, 33706
Interior Features
Total Stories
6
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Window Treatments
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
Laundry Description
Inside, Laundry Closet
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
1.16 Acres
Exterior Features
Balcony, Irrigation System, Sliding Doors
Lot Features
Flood Zone, City Limits, Sidewalk
Architectual Style
Contemporary
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Area Name
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Taxes
$6,715
Tax Frequency
Annually
Days on Market
3
Association Fee
$1,285
Association Fee Frequency
Monthly
Association Amenities
Pool, Spa/Hot Tub
Garage
No
Parking
Driveway, Ground Level, Under Building
View
Yes
View Description
Pool, Water
County
Pinellas
Municipality
31
Water Source
Public
Pool
Yes
Pool Features
Gunite, Heated, In Ground, Lighting, Tile
Listed by COASTAL PROPERTIES GROUP
Listing Contact: 727-493-1555
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Data last updated 12/19/2024, 2:48 PM UTC