5500 Gulf Boulevard, St Pete Beach, FL 33706

Description

***DIRECT GULF FRONT***. A premier unit in the 4 Diamond AAA TradeWinds. This unit is a rarely available top floor (7th) 1 bedroom suite with separate living area. Enjoy luxurious tropical beach life in your hotel-condo at The TradeWinds Island Grand Resort up to 28 days a year while earning revenue through the highly successful TradeWinds Rental Program. On-site management handles all rental arrangements through the TradeWinds Rental Management agreement. Completely turnkey with no work from the owner required. Units have been recently renovated and are fully furnished. Excellent total turn-key rental income from the first class management rental program is already in place. Ideal for a 1031 IRS Tax Deferred Exchange. The 2022 Gross rental income was $122,343 and the Net Income to the owner after all expenses and property taxes were paid was $36,136 yielding a 5.17% return. The Reserve Account balance for this unit is a very healthy $20,584 (as of 6/20/23). There are 7 pools, 13 restaurants, water slides, fitness program, tennis, mini golf, zip lining, jet ski rentals, beach volleyball, private cabanas, and relaxing paddle boat rides through through the onsite waterways.This Condo-Hotel suite has two queen beds in a separate bedroom and a sofa bed that pulls out into a double bed in the other room. The TradeWinds Resort is located on 20 acres with 1000' of beautiful, wide, sand beach with world class management & staff. The TradeWinds has a long established track record with hosting many weddings and conventions. Hurry these prime units do not last! View Virtual Tour Link 2.

Listed by George Morgan, PA, .