2785 Bayside Dr S ST PETERSBURG - FL - 33705

  •  3,850,000
  •  Residential Income
  •  0
  •  0.0
  •  7,269
  •  1950
  •  283 Days on market

**Currently up over 43% YOY, grossing $408,771!! This estate is a cash cow investment opportunity with consistent YOY growth.** The best of both Florida’s… incredible ROI and an amazing opportunity to purchase a highly versatile income-producing asset. This estate is being sold TURNKEY, including about $400,000 worth of furniture, decorations, and watersports equipment, and is MOVE-IN READY. With 239ft of unparalleled waterfront, direct Tampa Bay access, and the convenience of being just a couple miles from downtown St. Petersburg, it’s in a league of its own. Competition is few and far in between, creating a monopoly on rate setting. Boasting consistent income growth year over year, its established and booming short term rental and wedding income is projected to bring in OVER $350k in income in 2021. Including 7 bedrooms (two Owner’s suites), 6.5 baths, and over 3,000sqft of entertainment space, this waterfront estate provides the perfect backdrop for the ultimate wedding, private event, or personal respite. The “main wing” of the residence includes both master suites, two guest bedrooms, and 3.5 baths; the “guest wing” features three bedrooms and three baths. While both wings are connected, the property could also be rented out separately and is on two separate meters. From the private gym to the wine seller to the gorgeous 44,000-gallon saltwater pool, which is solar heated (2016), it has everything you could want in a waterfront retreat or event space. Financials, walkthrough video, and 3D virtual tour available. Massive upside for digital marketing integration since all customers are organic, as well as repeat business with high-paying event industries, such as mastermind groups. It is truly a one-of-a-kind asset for the lucky new owner.


MLS# : U8117881
Property Type : Residential Income
County : Pinellas
Neighberhood : N/A
Living Sqft : 7,269 sqft
Price per Sqft : $529.65/sqft
Original List Price : $3,850,000
Acres : 0.35
Lot Dimensions : 110x130
Fireplace : Gas,Family Room,Living Room,Master Bedroom
AirConditioning : Central Air
Interior : Built in Features,Ceiling Fans(s),Eating Space In Kitchen,High Ceiling(s),Kitchen/Family Room Combo,Living Room/Dining Room Combo,Master Bedroom Main Floor,Open Floorplan,Solid Surface Counters,Solid Wood Cabinets,Split Bedroom,Stone Counters,Thermostat,Window Treatments
Heating : Central
Appliances : Built-In Oven,Convection Oven,Dishwasher,Dryer,Freezer,Gas Water Heater,Ice Maker,Microwave,Range,Range Hood,Refrigerator,Tankless Water Heater,Washer
Rooms : Bonus Room,Den/Library/Office,Great Room,Interior In-Law Suite,Loft,Media Room,Storage Rooms
Roofing : Shingle
Foundation : Slab
Style : Duplex
Foreclosure : No
Parking : Covered
Elementary School : Lakewood Elementary-pn
Middle School : Bay Point Middle-pn
High School : Lakewood High-pn
Gross taxes : 21,051
Tax Year : 2020
Pool : No
Pool Description : 1
Total Units : 1
Buildings : 1
Short Sale : No
Waterfront : Bay/Harbor
Gross Operating Income : 350000
Utilities : Cable Connected,Electricity Connected,Natural Gas Connected,Public,Sewer Connected,Solar,Water Connected
Map View Satellite View Street View

Similar Property