$749,000 • one bedroom(s) • living size area 865 sqft • waterfront access
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 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!12924 GULF #502, ST PETERSBURG, FL 33708
Multi Family 1 bedrooms - SANDY SHORES CONDO for Sale
12924 GULF #502, ST PETERSBURG, FL 33708Asking Price$749,000
- 1bdr
- Living 865sqft
- Lot size 40089sqft
- Taxes: Register to see
- Year Built 1979
-
Days on market:
71 day(s) Original Price:
$749,000-
Price per sqft:
$865.9 Tax Legal Description:
SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502Tax Year:
2024-
MLS:
TB8415969 -
Property Type:
Multi Family -
Parking:
Assigned -
Waterfront:
Yes Waterfront Description:
Waterfront Gulf/OceanGulf/Ocean Front-
View:
Water
Construction Type:
ConcreteRoof:
MembraneCooling Description:
Central AirHeating Description:
ElectricCentralInterior Features:
Walk-In Closet(s)Ceiling Fan(s) Stone Counters Open Floorplan Window Treatments Solid Surface CountersCrown MoldingExterior Features:
Balcony Sliding DoorsOutdoor GrillAmenities:
Pool Laundry Elevator(s)Special Listing Conditions:
None
Description
Similar Properties in this Area
$749,000 8bd
1761 19TH S, ST PETERSBURG, FL 33712
$750,000
2200 22ND S, ST PETERSBURG, FL 33712
$775,000 4bd
1225 26TH N, ST PETERSBURG, FL 33713
$775,500
1820 3RD S, ST PETERSBURG, FL 33705
$789,000
1517 4TH N, ST PETERSBURG, FL 33704
$799,000 6bd
2800 DARTMOUTH N, ST PETERSBURG, FL 33713
$800,000
3415 21ST S, ST PETERSBURG, FL 33711
$819,000 7bd
4180 CENTRAL AVE, ST PETERSBURG, FL 33711
$849,000 3bd
819 11TH N, ST PETERSBURG, FL 33705
$849,900 4bd
626 HIGHLAND N, ST PETERSBURG, FL 33701
$850,000 2bd
240 20TH S, ST PETERSBURG, FL 33705
$875,000
800 PASADENA S, ST PETERSBURG, FL 33707