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!
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 14 x 12
- Bedroom 2 Dimensions: 12 x 10
- Primary Bedroom Level: First
- Bedroom 2 Level: First
Other Rooms
- Total Rooms: 4
- Living Room Dimensions: 16 x 12
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Built-in Features
- Ceiling Fans(s)
- Living Room/Dining Room Combo
- Primary Bedroom Main Floor
- Open Floorplan
- Split Bedroom
- Thermostat
- Furnished Description: Furnished
- Flooring: Laminate
- Window Features: Double Pane Windows, Impact Glass/Storm Windows, Window Treatments
Appliances
- Bar Fridge
- Dishwasher
- Disposal
- Dryer
- Electric Water Heater
- Ice Maker
- Microwave
- Range
- Refrigerator
- Washer
- Laundry Features: Inside, Laundry Closet
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric, Heat Pump
Kitchen and Dining
- Kitchen Dimensions: 12 x 11
- Kitchen Level: First
Waterfront and Water Access
- Water Body Name: GULF OF MEXICO
Exterior and Lot Features
- Balcony
- Garden
- Irrigation System
- Lighting
- Outdoor Grill
- Sidewalk
- Sliding Doors
- Fencing: Vinyl
- Road Responsibility: Public Maintained Road
- Road Surface Type: Paved
Pool and Spa
- Pool Features: Deck, Gunite, Heated, In Ground
- Pool Private: Yes
Land Info
- Lot Description: FloodZone, City Limits, Landscaped, Near Public Transit, Sidewalk, Paved
- Lot Size Acres: 1.16
- Lot Size Square Feet: 50565
Garage and Parking
- Parking Features: Assigned, Covered, Ground Level, Guest, Off Street, On Street, Reserved, Under Building
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Pool
- Association Fee: 1540
- Association Fee Frequency: Monthly
- Association Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pool, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 1540
- Association Name: Provident Management/Alex Johnson
- Pets Allowed: No
Condo Info
- Unit Floor In Building: 5
Rental Info
- Lease Term: Minimum Lease: 1-7 Days
Amenities and Community Features
Other Property Info
- Annual Tax Amount: 5897.550000000
- Source Listing Status: Active
- County: Pinellas
- Directions: Central Ave to 107th Ave. Right on Gulf Blvd. Right on 116th Ave. Left on 1st St E. Left into parking lot.
- Tax Year: 2022
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
- Property Subtype: condo
- Source Neighborhood: CRYSTAL PALMS BCH RESORT AT TREASURE ISLAND CONDO
- Parcel Number: 23-31-15-20002-000-5010
- Postal Code Plus 4: 4509
- Subdivision: CRYSTAL PALMS BCH RESORT AT TREASURE ISLAND CONDO
- Township: 31
- Property Subtype: Condo - Hotel
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 914
- Year Built: 2008
- Building Area Source: Public Records
- Building Area Total: 914
- Building Name: CRYSTAL PALMS
- Construction Materials: Block, Stucco
- Direction Faces: East
- Foundation Details: Pillar/Post/Pier, Stilt/On Piling
- Levels: One
- Property Age: 16
- Property Condition: Completed
- Roof: Membrane
- Levels or Stories: 6
- Building Total Stories: 6
- Structure Type: Corner Unit, Elevated, Mid Rise
- Elevator: Yes
- Architectural Style: Contemporary
Utilities
- Sewer: Public Sewer
- Cable Connected
- Electricity Connected
- Phone Available
- Public
- Sewer Connected
- Sprinkler Recycled
- Water Connected
- Water Source: Public