We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Gelfand Realty Miami Properties for Sale - Multi Family for Sale

12924 GULF #502, ST PETERSBURG, FL 33708

Back to Search

Multi Family 1 bedrooms - SANDY SHORES CONDO for Sale

12924 GULF #502, ST PETERSBURG, FL 33708

Asking Price$749,000

Share by:
  • 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 502
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Parking:

    Assigned
  • Waterfront:

    Yes
  • Waterfront Description:

    Waterfront Gulf/OceanGulf/Ocean Front
  • View:

    Water
  • Construction Type:

    Concrete
  • Roof:

    Membrane
  • Cooling Description:

    Central Air
  • Heating Description:

    ElectricCentral
  • Interior Features:

    Walk-In Closet(s)Ceiling Fan(s) Stone Counters Open Floorplan Window Treatments Solid Surface CountersCrown Molding
  • Exterior Features:

    Balcony Sliding DoorsOutdoor Grill
  • Amenities:

    Pool Laundry Elevator(s)
  • Special Listing Conditions:

    None

Description

$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!

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty