122 Coral Avenue, Redington Shores, FL 33708

$2,900,000
5
BD
8
BA
3,354
SqFt
List Price
$2,900,000
Status
Active
Days on Market
63
MLS#
TB8398480
Property Style
Multi Family
Year Built
1951
Bedrooms
5
Bathrooms
8
Living Area
3,354
Lot Size
6,643
Acres
0.15
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Harbor Shores 2nd Add
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

Prime Investment Opportunity: Fully Renovated ~ 8 unit ~ Airbnb Property Steps from the Beach Nestled less than 450 feet from public beach access, this exceptional property offers an unparalleled opportunity for short-term rental success. Zoned Commercial Tourist Facilities (CTF), it is approved for nightly rentals, making it the perfect choice for an investor looking for passive income along the Gulf Coast Beaches. Property Highlights; Complete Renovation: This property has been meticulously upgraded, including a durable aluminum PVD-plated roof, custom impact-resistant windows, and a full electrical rewire with new panels for optimal safety. Gourmet Kitchens & Spa-Inspired Bathrooms. Each unit features a sleek, European-style kitchen with quartz countertops, glass backsplashes, and premium appliances. The bathrooms have been tastefully updated, new showers, vanities, and modern fixtures. Premium Finishes: No detail has been overlooked, from the Stiebel tankless water heaters and new mini-split AC systems in 7 of the 8 units to the eco-friendly Cali bamboo long plank flooring. Cohesive Aesthetic: Every unit shares a uniform, coastal luxury design with the same exquisite materials, including a newly installed permeable paver system and durable new stucco with advanced lathe for long-lasting results. Outdoor Potential: The property is primed for additional amenities, with power already run underground for a 12-person hot tub in the beautiful central courtyard. There is also ample space to add a pool or spa/hot tub. Ideal Location: Situated within a block of several popular restaurants and bars, this property also features 8 on-site parking spots for added convenience. With its impeccable design, unbeatable location, and turn-key status, this property is a prime opportunity for generating substantial income through short-term rentals. Dont miss out on your chance to own this stunning slice of coastal paradise! (PORTFOLIO PACKAGE AVAILABLE; Property can be purchased with 2116/2114 1st St, Indian Rocks Beach, and/or 2605 Bay Blvd, Indian Rocks Beach)

Additional Information

Taxes
$12245
Annual Gross Income
399000
Location
Corner Lot, Flood Insurance Required, FloodZone, Sidewalk, Paved
Community Features
No Deed Restriction
Interior Layout
Ceiling Fans(s), Open Floorplan, Stone Counters
Interior Features
Ceiling Fans(s), Open Floorplan, Stone Counters
Floor
Bamboo
Utilities
Cable Connected, Electricity Connected, Water Connected
Heating
Central, Electric
Air Conditioning
Central Air, Ductless
Exterior Construction
Block
Exterior Features
Balcony, Courtyard, Lighting, Outdoor Shower, Rain Gutters, Sidewalk, Storage
Roof
Metal
Foundation
Slab
Pool
No Pool
Garage Features
Assigned, Golf Cart Parking, Guest
Water Access
Beach, Gulf/Ocean
Flood Zone Code
AE
Parcel ID
31-30-15-36324-000-0730
Legal Description
HARBOR SHORES 2ND ADD LOT 73

Mortgage Calculator

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Listing courtesy of CENTURY 21 BEGGINS. 800-541-9923

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