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Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1955
Sq.Footage
1,428
WATERFRONT VACATION RENTAL POTENTIAL | 1031 EXCHANGE OPPORTUNITY | INCOME-PRODUCING COASTAL PROPERTY | PROJECTED 12.3% CAP RATE Looking for a high-performing short-term rental, 1031-Exchange replacement property, or a home with income potential? This Redington Beach waterfront home delivers the ideal combination of cash flow, appreciation, and personal-use flexibility. Situated on an EXCEPTIONALLY WIDE deep-water canal, this fully updated property offers direct boating access to the Intracoastal Waterway and the Gulf—just minutes to John’s Pass. A private dock (full replacement 2022) and well-maintained seawall (full replacement 2003) make this a turnkey option for boating enthusiasts and vacation guests alike. Inside, the open-concept floor plan is designed for both entertaining and maximizing rental appeal. The renovated kitchen features granite countertops, custom cabinetry, a large breakfast bar, and dedicated beverage station—ideal for hosting guests. Both bathrooms have been tastefully updated with modern, spa-inspired finishes. Major upgrades include a metal roof (2017), hurricane-impact windows (2022), and storm shutters, offering durability and potential insurance advantages. Solar panels (assumable, low monthly cost) provide energy efficiency and long-term savings—an attractive feature for investors focused on operating margins. Step outside to a private tropical oasis complete with a saltwater pool (installed 2017), low-maintenance xeriscape landscaping, and a spacious covered waterfront patio (13’x27’)—perfect for outdoor dining and sunset views that drive strong guest satisfaction. Located in Redington Beach, a vacation rental-friendly community, this property is ideally positioned between Clearwater Beach and St. Pete Beach, with convenient access to dining, shopping, and entertainment at John’s Pass Village. Projected 13% cap rate with strong short-term rental income potential. Ideal for 1031-Exchange buyers seeking passive income and long-term appreciation, with the added benefit of personal-use flexibility. This is a rare opportunity to acquire a turnkey waterfront investment property in one of Florida’s most desirable beach markets. Schedule your private showing today and secure your next income-producing coastal asset!
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Crown Molding, Open Floorplan, Stone Counters
-
Total Bedrooms
3
-
Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Yes
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Lighting, Dock
-
Parking
Driveway, Garage Door Opener, Off Street, Attached
-
Patio and Porch Features
Covered, Patio, Porch, Rear Porch
-
Pool
Yes
-
Pool Features
Fiberglass, Heated, In Ground, Salt Water, Private
-
Waterfront YN
YES
-
View
Canal, Water
Area & Lot
-
Lot Features
Cul-De-Sac, Waterfront
-
Lot Size(acres)
0.16
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Florida, Key West, Ranch
Price
-
Sales Price
$1,049,000
-
Tax Amount
$4,262
-
Sq. Footage
1, 428
-
Price/SqFt
$734
HOA
-
Association
No
School District
-
Elementary School
Bauder Elementary-PN
-
Middle School
Seminole Middle-PN
-
High School
Seminole High-PN
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
24
-
Water Source
Public
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Location
County
Pinellas
Elementary School
Bauder Elementary-PN
Middle School
Seminole Middle-PN
High School
Seminole High-PN
Listing Courtesy of David Christ, Jr. , ENGEL & VOLKERS MADEIRA BEACH
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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