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Listed by REALTY EXPERTS

Status: Active

18218 Sunset Blvd #A 
Saint Petersburg, FL 33708

13% Drop

$5,500,000

$4,800,000

------/mo*
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HUGE price improvement: A rare opportunity has arrived in Redington Shores: a direct Gulf-front property offering unparalleled potential for both luxury living and lucrative investment. For the first time in over 30 years, this prime piece of real estate is available to the market. Currently zoned as a condo with 2 separate raised units, the property has been cherished as a family vacation retreat, with both units totaling 2,750 sq. ft. of living space—each featuring 3 bedrooms and 2 bathrooms. The existing structure boasts a large parking pad, two one-car garages, and under-building storage, adding functionality to its enviable beachfront location. There is over 50 feet of Gulf frontage and a Sea Wall Already in place and the City provides a Beach scraper to keep the beach front view clean and free of debris. Another rare advantage: this property does not back up to Gulf Boulevard, providing a quieter, more private atmosphere with Constitution Park buffering the rear of the property, which has a dog walk, playground and town sponsored cookouts and events for residents. Just steps away, you’ll find the beach trolley, bus stops, local favorites like Candy Kitchen, Coco Wood Grill, Friendly Tavern, and Broke N Board, plus easy access to restaurants, coffee shops, and the famous Beach Pizza. The lot itself, just under a quarter acre (see attached survey), offers impressive development potential. The City of Redington Shores allows underground parking/storage and up to two floors of buildable space, with the potential for a third floor with variance approval. The possibilities are endless: design a spectacular 2,500+ sq. ft. Gulf-front penthouse for your own use while generating income from luxury rental units below, or create a boutique Gulf-front development perfectly tailored for today’s high-end buyers and investors. Possibly two smaller buildings with a variance? All this, while being only 30 minutes to Tampa—home of the Buccaneers, Tampa Bay Lightning, the Rays, fine dining, international shopping, Broadway-caliber theater, and an international airport. Just minutes away, St. Pete offers a vibrant nightlife and its iconic new pier, while Clearwater Beach adds yet another world-class destination to the mix.
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Bedrooms
6
Baths
4
House Size
2,750 sqft
Year Built
1985
Lot Size
0.24 ac

Location

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Interior Information

appliances
Cooktop
Dishwasher
Dryer
Range
Refrigerator
Washer
cooling
Wall/window Unit(s)
features
Open Floorplan
flooring
Carpet
heating
None
Other
laundry features
Other
view
Water
window features
Blinds

Exterior Information

features
Balcony
patio and porch
Rear Porch
road responsibility
Public Maintained Road
road surface
Paved
roof
Shingle

Property Information

architectural style
Elevated
Florida
community
None
construction
Frame
foundation
Other
lot
Waterfront
parking
Driveway
Garage Faces Rear
Guest
Parking Pad
Attached
sewer
Public Sewer
subdivision name
Sunset Villa Condo
utilities
Cable Available
Electricity Available
Phone Available
Sewer Available
Water Available
water source
Public
  • Listed By Catherine Delorenzo
  • (727) 888-1000
  • REALTY EXPERTS
  • (727) 888-1000
  • amy33772@gmail.com
  • MLS TB8412423

Monthly Payments Calculator

Estimated Monthly Cost

$29,590

30 year fixed·6.9% interest rate
Principal & Interest
$25,290
Property Taxes
$4,000
Home Insurance
$300
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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