1. Florida
  2. St Petersburg
  3. 12924 GULF BOULEVARD 502
$749,000

12924 GULF BOULEVARD 502, St Petersburg, FL 33708

  • 1 bed |
  • 1 bath |
  • 865 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1979
  • Property Lot Size Icon0.92acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $866/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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!

Listing Status:
Active
Date Added:
September 4, 2025 at 05:00AM
Listing Office:
NEXTHOME GULF COAST : 727-282-5151
Listing Agent:
Tony Anderson : 727-251-3268
MLS ID:
TB8415969
  • General: Ceiling Fan(s)Crown MoldingOpen FloorplanSolid Surface CountersStone CountersWalk-In Closet(s)Window Treatments
  • Laundry: Common Area
  • A/C: Central Air
  • Heating: CentralElectric

This listing courtesy of Tony Anderson, NEXTHOME GULF COAST

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

1.69 miles away

M

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

1.69 miles away

S

St. Petersburg Collegiate High School

6605 5th Ave N, Saint Petersburg, FL, 33710

Grades 10-12

3.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.