Homes for sale - 11605 GULF BLVD #501, Treasure Island, FL 33706

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Kristen Comstock

kristen@lhgnation.com +1(813) 291-0050

$609,000

Est. payment - /mo

2 Beds

2 Baths

914 SqFt

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UPDATED:

12/19/2024 06:22 PM

Key Details

Property Type Condo

Sub Type Condo - Hotel

Listing Status Active

Purchase Type For Sale

Square Footage 914 sqft

Price per Sqft $666

Subdivision Crystal Palms Bch Resort At Treasure Island Condo

MLS Listing ID TB8330560

Bedrooms 2

Full Baths 2

HOA Fees $1,285/mo

HOA Y/N Yes

Originating Board Stellar MLS

Year Built 2008

Annual Tax Amount $6,714

Lot Size 1.160 Acres

Acres 1.16

Property Description

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!

Location

State FL

County Pinellas

Community Crystal Palms Bch Resort At Treasure Island Condo

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Window Treatments

Heating Central, Electric

Cooling Central Air

Flooring Laminate

Furnishings Furnished

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer

Laundry Inside, Laundry Closet

Exterior

Exterior Feature Balcony, Irrigation System, Sliding Doors

Parking Features Driveway, Ground Level, Under Building

Pool Gunite, Heated, In Ground, Lighting, Tile

Community Features Pool

Utilities Available Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected

Amenities Available Pool, Spa/Hot Tub

View Y/N Yes

View Pool, Water

Roof Type Membrane

Porch Deck

Garage false

Private Pool Yes

Building

Lot Description FloodZone, City Limits, Sidewalk

Story 6

Entry Level One

Foundation Pillar/Post/Pier

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Structure Type Block,Stucco

New Construction false

Others

Pets Allowed No

HOA Fee Include Cable TV,Escrow Reserves Fund,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Maintenance,Pool,Sewer,Trash,Water

Senior Community No

Ownership Fee Simple

Monthly Total Fees $1, 285

Acceptable Financing Cash, Conventional

Membership Fee Required Required

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by COASTAL PROPERTIES GROUP

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11605 GULF BLVD #501 Treasure Island, FL 33706