5500 GULF BLVD #7221, St Pete Beach, FL 33706

$630,000

$649,000

2.9%

Est.Price: ?

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Est. payment -/mo

1 Bed

1 Bath

535 SqFt

SOLD DATE : 03/05/2024

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

Parking Type Open

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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