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Gelfand Realty Miami Properties - Single Family House

8580 W GULF #8580, TREASURE ISLAND, FL 33706

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Single Family House 6 bedrooms - SUNSET BEACH PLACE CONDO

8580 W GULF #8580, TREASURE ISLAND, FL 33706

Sold Price$435,000 Asking Price$435,000

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  • Days on market:

    30 day(s)
  • Original Price:

    $435,000
  • Price per sqft:

    $80.71
  • Tax Legal Description:

    SUNSET BEACH PLACE CONDO UNIT 2
  • Tax Year:

    2013
  • Property Type:

    Single Family
  • Parking:

    CoveredGarage Door Opener Oversized
  • Furnished Info:

    Furnished
  • Waterfront:

    Yes
  • Waterfront Description:

    Beach Gulf/Ocean Gulf/Ocean to Bay
  • View:

    Water
  • Elementary School:

    Azalea Elementary-PN
  • Middle School:

    Azalea Middle-PN
  • Senior High School:

    Boca Ciega High-PN
  • Construction Type:

    StuccoBlock
  • Roof:

    Tile
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    CarpetCeramic Tile
  • Interior Features:

    ElevatorBuilt-in Features Walk-In Closet(s) Vaulted Ceiling(s) Eating Space In Kitchen Solid Surface Counters Solid Wood CabinetsCrown MoldingCathedral Ceiling(s) Dry Bar Intercom
  • Exterior Features:

    BalconyIrrigation SystemStorageOutdoor Grill
  • Equipment/Appliances:

    DishwasherMicrowaveRefrigeratorDisposalDryerElectric Water HeaterTrash CompactorBuilt-In OvenConvection Oven Range Hood Exhaust Fan Microwave Hood
  • Amenities:

    Spa/Hot Tub Elevator(s)
  • Special Listing Conditions:

    None
  • Lot Features:

    SidewalkCity Lot Street Dead-End

Description

$435,000 • six bedroom(s) • five full bathroom(s) • living size area 5390 sqft • waterfront access

Beachfront investment opportunity – last call! own and enjoy over $3m worth of high-end luxury living on the beach for a fraction of full cost of ownership with flexibility for personal use, solid property management and long term value creation. the last 1/8 share is being offered for a $235k cash down payment and a promissory note to the partnership of $200k. cash flow from rental operations normally covers the financing payments and operating expenses. any cash flow gaps so far have been covered by working capital. only one cash call for $5k in the past 6 years. no future cash calls are planned. serious prospects will have access to the operating agreement, conditional statement, personal notes, company financials, sales contract, closing statement, etc. benefits of ownership structure: easy ownership transfers, dividend sharing, flexible personal use (3 weeks min. plus any last minute ad-hoc usage of unreserved days), simple and inexpensive closing and substantial tax savings upon sale of share by foreign investors. call today for details of this unique investment opportunity. it won’t last long.

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