11605 Gulf BOULEVARD, 501 | Treasure Island
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! StellarMLS U8226605
Directions to property: Central Ave to 107th Ave. Right on Gulf Blvd. Right on 116th Ave. Left on 1st St E. Left into parking lot.
