$1,250,000
$1,250,000
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3 Beds
2 Baths
1,410 SqFt
SOLD DATE : 05/01/2024
Key Details
Sold Price $1,250,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,410 sqft
Price per Sqft $886
Subdivision Sea Oats Condo
MLS Listing ID U8235399
Sold Date 05/01/24
Bedrooms 3
Full Baths 2
Condo Fees $992
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1980
Annual Tax Amount $10,383
Lot Size 0.340 Acres
Acres 0.34
Property Description
Sea Oats is an intimate vacation rental community of only forty units over five floors of direct beachfront! Units here rarely come to market. The only three that did in the last 1200 days were sold within the first two days of being on the market! That is because with 3 bedrooms and 2 baths directly facing the Gulf of Mexico and a broad expanse of beautiful white sandy beach – which is the calling card of the Pinellas Beaches – this 3-night minimum, fully renovated condominium is both a great beach pad for owners whenever they need their Beach Time to decompress AND a Cash-Cow! That's right, when you are not using your condo here, you can be renting it as a 3-night minimum and pocketing those rent checks! The current owners use the property a lot! Who wouldn't want to enjoy this spot? In 2023 the Owners stayed at the condo for 85 nights: 35 nights in high season, as well as Christmas, New Year & Thanksgiving! If you calculate the value of what those high-demand nights would have earned had they allowed them to be rented, their rental income for 2023 would have been just a hair under $110K! And, 2024 is off to a great start with already $57,951 in reservations on the books AND it is only March! The condo comfortably sleeps 10. It has all the modern conveniences you would expect in a high-end vacation rental, including a full-sized washer and dryer. The renovation included impact resistant sliders, as well as the gorgeous cabinetry, luxury vinyl plank flooring throughout, quartz countertops and furnishings that you see! The building itself underwent an EXTENSIVE renovation project a few years ago that included an engineering study and the implementation of the recommended repairs! Sea Oats is WAY AHEAD of the game! Speaking of games, tennis enthusiasts, you will love the beautifully maintained court! Other amenities include a beautiful beachfront pool and BBQ grill. Sea Oats is within easy walking distance to loads of favorite local haunts. Only Owners may have a pet up to 35 lbs. Room Feature: Linen Closet In Bath (Primary Bedroom).
Location
State FL
County Pinellas
Community Sea Oats Condo
Interior
Interior Features Living Room/Dining Room Combo, Open Floorplan
Heating Central, Electric
Cooling Central Air
Flooring Luxury Vinyl
Fireplace false
Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Lighting, Outdoor Grill, Sliding Doors, Tennis Court(s)
Pool Gunite, In Ground
Community Features Pool, Tennis Courts
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public
Amenities Available Elevator(s), Pool, Tennis Court(s)
Waterfront Description Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach,Gulf/Ocean
View Pool, Water
Roof Type Membrane
Porch Covered
Garage false
Private Pool No
Building
Lot Description Landscaped
Story 5
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Financing,Inspections
Others
HOA Fee Include Pool,Maintenance Structure,Maintenance Grounds,Management,Sewer,Trash,Water
Senior Community No
Ownership Condominium
Monthly Total Fees $992
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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5425 Golden Gate Pkwy, Naples, FL, 34116, United States