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Property view

5500 Gulf Boulevard #7221, 
St Pete Beach, FL 33706

$630,000


1

Bed


1

Bath


535

Sq Ft


Condo

Sold

Listed by

George Morgan

Bought with SEASALT PROPERTIES

Coastal Properties Group

MLS#

U8210354

Source:

MFRMLS

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About This Home

5500 Gulf Boulevard #7221

***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.

Home Facts

Condo

1 Bath

1 Bedroom

Built in 1990

Price Summary

649,000

$1,213 per Sq. Ft.

MLS #:

U8210354

Sold:

March 5, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

535 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary, Florida

Building Area:

535 Sq. Ft.

Year Built:

1990


Lot

Lot Size (Sq. Ft):

11,500


Finances & Disclosures

Finances

Price:

$649,000

Price per Sq. Ft:

$1,213 per Sq. Ft.

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