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11605 Gulf BOULEVARD, #502, St. Petersburg, FL, 33706 | $585,000
Experience the Allure of Treasure Island at Crystal Palms Beach Resort! Introducing Unit 502—a picturesque two-bedroom, two-bathroom condominium situated on the fifth floor of the renowned Crystal Palms Beach Resort. Revel in the tranquil views of the Gulf of Mexico from the comfort of your private, covered balcony, an idyllic setting for morning coffees or evening cocktails. This unit not only serves as a serene retreat but also stands as a proven revenue generator with a robust rental income of $56, 405 in 2023, making it a prime choice for investors or those exploring a 1031 exchange. This turnkey property is fully equipped and beautifully furnished, featuring a contemporary kitchen with stainless steel GE appliances, sleek granite countertops, and all the essentials, including an in-unit washer and dryer. Both bedrooms boast updated en-suite bathrooms, providing privacy and convenience. The master bedroom offers the luxury of direct balcony access and includes an extra vanity sink for added comfort. The amenities at Crystal Palms Beach Resort are designed to enhance your stay. Take a dip in the heated outdoor pool or unwind in the spa, all set against a backdrop of exquisite tropical landscaping. Benefit from assigned under-building parking that keeps your vehicle secure and the building's storm-resistant features that ensure your safety. With no restrictions on rental durations, this condo provides exceptional versatility and consistently high demand. Start your own business and air bnb this unit yourself or use one of multiple management companies available to manage it for you. Explore financing options and take advantage of potential tax benefits for vacation rentals as detailed in IRS Publication 527. Located just moments away from John's Pass Boardwalk, downtown St. Petersburg, and multiple sports venues, this condo offers both accessibility and entertainment. Unit 502 at Crystal Palms Beach Resort is a unique opportunity to own a piece of Florida's paradise while capitalizing on its financial potential. Arrange your private showing now and embark on a journey of both personal enjoyment and financial benefit!
Features
- Elevator: Y
- Heating: Central, Electric
- Cooling: Central Air
- Levels: 6
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Laundry: Inside, Laundry Closet
- Complex: CRYSTAL PALMS BCH RESORT AT TREASURE ISLAND CONDO
- Year Built: 2008
- Common Charge: $1,540 Monthly
- Approx Sq. Feet: 914
- Acreage: 1.16
- Est. Taxes: $6,715
- Lot Desc: FloodZone, City Lot, Near Public Transit, Sidewalk
- View: Pool, Water
- Pool: Deck, Gunite, Heated, In Ground, Lighting, Tile
- Pet Policy: No
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Trash Compactor, Washer
- MLS#: TB8329499
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/TB8329499/11605gulfboulevard_stpetersburg_fl?source=qrflyer
Listing courtesy of COASTAL PROPERTIES GROUP Phone: 727-493-1555
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
11605 Gulf BOULEVARD, #502, St. Petersburg, FL, 33706
$585,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $468,000 | $468,000 | $468,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
| Monthly Tax Payment | $560 | $560 | $560 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,035 | $2,997 | $3,886 |
| Total Monthly Payment | $3,687 | $3,649 | $4,538 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388