$630,000
$649,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
5500 GULF BLVD #7221 St Pete Beach, FL 33706
1 Bed
1 Bath
535 SqFt
Key Details
Sold Price $630,000
Property Type Condo
Sub Type Condo - Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 535 sqft
Price per Sqft $1,177
Subdivision Jacaranda Beach Villas Condo
MLS Listing ID U8210354
Sold Date 03/05/24
Bedrooms 1
Full Baths 1
Condo Fees $865
Construction Status Other Contract Contingencies
HOA Y/N No
Originating Board Stellar MLS
Year Built 1990
Annual Tax Amount $7,147
Lot Size 0.260 Acres
Acres 0.26
Property Description
***DIRECT GULF FRONT***. A premier unit in the 4 Diamond AAA TradeWinds. This unit is a rarely available top floor (7th) 1 bedroom suite with separate living area. Enjoy luxurious tropical beach life in your hotel-condo at The TradeWinds Island Grand Resort up to 28 days a year while earning revenue through the highly successful TradeWinds Rental Program. On-site management handles all rental arrangements through the TradeWinds Rental Management agreement. Completely turnkey with no work from the owner required. Units have been recently renovated and are fully furnished. Excellent total turn-key rental income from the first class management rental program is already in place. Ideal for a 1031 IRS Tax Deferred Exchange. The 2022 Gross rental income was $122,343 and the Net Income to the owner after all expenses and property taxes were paid was $36,136 yielding a 5.17% return. The Reserve Account balance for this unit is a very healthy $20,584 (as of 6/20/23). There are 7 pools, 13 restaurants, water slides, fitness program, tennis, mini golf, zip lining, jet ski rentals, beach volleyball, private cabanas, and relaxing paddle boat rides through through the onsite waterways.This Condo-Hotel suite has two queen beds in a separate bedroom and a sofa bed that pulls out into a double bed in the other room. The TradeWinds Resort is located on 20 acres with 1000' of beautiful, wide, sand beach with world class management & staff. The TradeWinds has a long established track record with hosting many weddings and conventions. Hurry these prime units do not last! View Virtual Tour Link 2.
Location
State FL
County Pinellas
Community Jacaranda Beach Villas Condo
Zoning RES
Interior
Interior Features Eat-in Kitchen, Elevator, Living Room/Dining Room Combo
Heating Electric
Cooling Central Air
Flooring Carpet, Tile
Furnishings Furnished
Fireplace false
Appliance Cooktop, Microwave, Refrigerator
Exterior
Exterior Feature Balcony, Courtyard, Sliding Doors, Tennis Court(s)
Garage Open
Pool Gunite, Heated, In Ground
Community Features Playground, Pool, Sidewalks, Tennis Courts
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected
Amenities Available Cable TV, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Security, Spa/Hot Tub, Tennis Court(s)
Waterfront true
Waterfront Description Gulf/Ocean,Gulf/Ocean to Bay
View Y/N 1
Water Access 1
Water Access Desc Beach,Gulf/Ocean
View Water
Roof Type Built-Up
Attached Garage false
Garage false
Private Pool Yes
Building
Lot Description CoastalConstruction Control Line, FloodZone, City Limits, Landscaped, Near Public Transit, Sidewalk, Paved
Story 7
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Florida
Structure Type Block
New Construction false
Construction Status Other Contract Contingencies
Others
Pets Allowed No
HOA Fee Include Guard - 24 Hour,Cable TV,Common Area Taxes,Pool,Electricity,Escrow Reserves Fund,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Maintenance,Management,Other,Pest Control,Pool,Private Road,Recreational Facilities,Security,Sewer,Trash,Water
Senior Community No
Ownership Condominium
Monthly Total Fees $865
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with SEASALT PROPERTIES