Sarasota's Premier Homes

12924 GULF BOULEVARD 502

ST PETERSBURG , FL 33708

MLS#: TB8415969

$749,000

Status: Active
Listing number: TB8415969
Listing provided by: NEXTHOME GULF COAST
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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SANDY SHORES CONDO - Residential Income

Property

Beds

1

Full Baths

None

1/2 Baths

None

Year Built

1979

Sq.Footage

865

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!

Features & Amenities

Interior

  • Other Interior Features

    Crown Molding, Open Floorplan, Stone Counters, Walk-In Closet(s)

  • Total Bedrooms

    1

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete

  • Other Exterior Features

    Balcony, Outdoor Grill

  • Parking

    Assigned

  • Pool

    No

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    0.92

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $749,000

  • Tax Amount

    8514.8

  • Sq. Footage

    865

  • Price/SqFt

    $865

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Association Amenities

    Elevator(s), Laundry, Pool

  • Foundation Details

    Concrete Perimeter, Pillar/Post/Pier

  • Ownership

    Condominium

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    000

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

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High School

Listing Courtesy of Tony Anderson , NEXTHOME GULF COAST

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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!

12924 GULF BOULEVARD 502

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