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2785 Bayside Drive S

St Petersburg, FL 33705
  • $3,850,000
  • STATUS: Active
  • ON SITE: 299 Days
  • MLS #: U8117881
UPDATED: 50 min ago
$3,850,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,269
    SQFT
  • $530
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

**Currently up over 43% YOY, grossing $408,771!! This estate is a cash cow investment opportunity with consistent YOY growth.** The best of both Floridas 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, its 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 Owners 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.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-01-22T17:42:11.033.
www.burwellrealtors.com/homes/115547171
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2785 Bayside Drive S St Petersburg, FL 33705

  • Price: $3,850,000
  • Status: Active
  • On Site: 299 Days
  • Updated: 50 min ago
  • MLS #: U8117881
0
Beds
0
Baths
0
½ Baths
0.35
Acres
7,269
SQFT
$530
$/SQFT
1950
Built
Neighborhood:
Ling-A-Mor Add
County:
Pinellas
Area:
St Pete
Elementary School:
Lakewood Elementary-PN
Middle School:
Bay Point Middle-PN
High School:
Lakewood High-PN
Property Description
**Currently up over 43% YOY, grossing $408,771!! This estate is a cash cow investment opportunity with consistent YOY growth.** The best of both Floridas 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, its 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 Owners 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.
Exterior Features

Attached Garage Yn Yes Carport Yn No Construction Materials BlockStucco Covered Spaces 4 Exterior Features Dog RunFencedFrench DoorsLightingOutdoor GrillStorage Foundation Details Slab Lot Size Dimensions 110X130 Open Parking YN No Parking Features Covered Patio And Porch Features Covered Pool Features HeatedIn GroundLightingSalt WaterSolar Heat Pool Private Yn Yes Roof Shingle Spa YN No Water Access Bay/HarborBayouGulf/Ocean To Bay Water Access Yn Yes Water Body Name Big Bayou Water Extras Dock - CompositeDock W/ElectricDock W/Water SupplyFishing PierLiftSailboat WaterSeawall - Concrete Water Extras Yn Yes Water Frontage Feet Bay Harbor 239 Water View Bay/Harbor - FullBayou Water View Yn Yes Waterfront Features Bay/Harbor Waterfront Feet Total 239 Waterfront Yn Yes

Interior Features

Additional Rooms Bonus RoomDen/Library/OfficeGreat RoomInterior In-Law SuiteLoftMedia RoomStorage Rooms Appliances Built-In OvenConvection OvenDishwasherDryerFreezerGas Water HeaterIce MakerMicrowaveRangeRange HoodRefrigeratorTankless Water HeaterWasher Building Area Total 8703 Cooling Central Air Cooling YN Yes Fireplace Features GasFamily RoomLiving RoomMaster Bedroom Fireplace Yn Yes Flooring CarpetEngineered HardwoodTravertine Furnished Turnkey Heating Central Heating YN Yes Interior Features Built in FeaturesCeiling Fans(S)Eating Space In KitchenHigh Ceiling(S)Kitchen/Family Room ComboLiving Room/Dining Room ComboMaster Bedroom Main FloorOpen FloorplanSolid Surface CountersSolid Wood CabinetsSplit BedroomStone CountersThermostatWindow Treatments Laundry Features Laundry Room Levels Two Sewer Public Sewer Water Source Public

Property Features

Annual Net Income 297500 Association Approval Required Yn No Association Yn No Cdd Yn No DPR No Flood Zone Code Ae Garage Yn Yes Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No New Construction Yn No Ownership Fee Simple Pets Allowed Yes Property Attached YN No Property Sub Type Duplex Security Features Security GateSecurity LightsSecurity System Senior Community Yn No Special Listing Conditions None Tax Annual Amount 21051.01 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPublicSewer ConnectedSolarWater Connected Yrs Of Owner Prior To Leasing Re No


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Charles Rutenberg Realty Inc.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-01-22T17:42:11.033.
 
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