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… Read More 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! Read Less
Courtesy of NEXTHOME GULF COAST 727-282-5151
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Beds
1
Square Ft.
865
Lot Size
0.92 Acres
Year Built
1979
MLS Number
TB8415969
Additional Details
Property Access
Road Surface: Paved
Building
Built in 1979, Living area: 865, Living area units: Square Feet, Construction Materials: Concrete
Community
Pool
Cooling
Central Air
Exterior Features
Balcony, Outdoor Grill, Sliding Doors
Foundation
Concrete Perimeter, Pillar/Post/Pier
Heating
Central, Electric
Home Owner's Association
Amenities: Elevator(s), Laundry, Pool
Income
Gross Income: $88,000
Interior Features
Ceiling Fans(s), Crown Molding, Open Floorplan, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Window Treatments
Laundry
Common Area
Lot
0.92 acres
Parking
Assigned
Property
Water
Roof
Membrane
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 15-31-15-78644-000-5020, Public Survey Range: 15, Public Survey Section: 15, Annual Amount: $8,514.8, Tax Block: 00, Tax Book Number: 33-108, Legal Description: SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502, Lot: 000, Year: 2024
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Water Features
Water Body Name: GULF OF AMERICA, Gulf/Ocean
Windows
Storm Window(s)
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