12924 Gulf Boulevard #502, Saint Petersburg, FL 33708
Local realty services provided by:Bingham Realty ERA Powered
12924 Gulf Boulevard #502,St Petersburg, FL 33708
$749,000
- 1 Beds
- 1 Baths
- 865 sq. ft.
- Multi-family
- Active
Listed by: tony anderson
Office: nexthome gulf coast
MLS#:TB8415969
Source:MFRMLS
Price summary
- Price:$749,000
- Price per sq. ft.:$865.9
About this home
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!
Contact an agent
Home facts
- Year built:1979
- Listing ID #:TB8415969
- Added:76 day(s) ago
- Updated:November 20, 2025 at 01:18 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Living area:865 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Membrane
- Year built:1979
- Building area:865 sq. ft.
- Lot area:0.92 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$749,000
- Price per sq. ft.:$865.9
- Tax amount:$8,515 (2024)
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