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12924 GULF BOULEVARD UNIT 502

Multi-family For Sale
$749,000

BTC: 24.96666667

ETH: 374.50000000

91 days
Waterfront
1 bds
865 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Whether you're looking for a dream vacation retreat or a high-performing income property, this top-floor beachfront penthouse at Sandy Shores Condominiums offers the best of both worlds. Zoned for short-term rentals with no restrictions on owner use, this unit generated $73,662 in rental income in 2024—despite reduced bookings after the storms. In the first half of this year (January through June) it produced $43,916. With projected ROI exceeding 9% in 2025, this property is also an ideal 1031 exchange opportunity. The updated one-bedroom, one-bath unit is being sold fully furnished, including linens, cookware, and decor—ready for you or your guests to enjoy immediately. Inside, you’ll find an open-concept living area with sweeping Gulf views, hurricane-impact windows, and a renovated kitchen featuring custom wood cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the heated beachfront pool, grilling area, tiki hut, and bicycle storage—all part of the Sandy Shores amenities. The building has completed all required structural integrity inspections and reserve studies. With fully funded reserves, and recent upgrades including the roof, balconies, resurfaced pool and parking lot, and a backup generator, this is truly a turnkey coastal investment. Located directly on the beach and just steps from John’s Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. It’s also a short drive to St. Pete, Clearwater Beach, and Tampa, making it a top-tier location for visitors and owners alike. This is a rare chance to own a proven, income-producing beachfront condo in one of Florida’s most popular coastal destinations. Schedule your showing today!

Location

Florida • ST PETERSBURG • 33708 • Multi-family • For Sale • Waterfront

Facts and features

Type:
Residential Income
Parking:
Assigned
Year Built:
1979
Lot:
0.92 Acres
Heating:
Central / Electric
Price/sqft:
$866
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Open Floorplan

    • Solid Surface Counters

    • Stone Counters

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 1

  • Parking

    • Assigned

    Property

    • Exterior Features: Balcony / Outdoor Grill / Sliding Doors

    Lot

    • Lot: 0.92 Acres

    Other Property Information

    • Parcel Number: 153115786440005020

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $8,515

  • Source details

    • MLS ID: TB8415969

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Concrete Perimeter / Pillar/Post/Pier

    • Laundry Features: Common Area

    • Window Features: Storm Window(s)

    • Waterfront: Yes

    • Water Body Name: GULF OF AMERICA

    • Living Area: 865

    • Water Source: Public

    • Subdivision Name: SANDY SHORES CONDO

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: NEXTHOME GULF COAST