$364,900
$364,900
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1 Bed
1 Bath
330 SqFt
SOLD DATE : 02/22/2022
Key Details
Sold Price $364,900
Property Type Condo
Sub Type Condo - Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 330 sqft
Price per Sqft $1,105
Subdivision Bilmar Beach Resort Condo
MLS Listing ID C7454884
Sold Date 02/22/22
Bedrooms 1
Full Baths 1
Condo Fees $530
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1974
Annual Tax Amount $3,329
Lot Size 0.470 Acres
Acres 0.47
Property Description
DIRECT BEACHFRONT 1/1 studio condo hotel at the world famous Bilmar Beach Resort on the beautiful shores of the Gulf of Mexico in Treasure Island, Florida. Family friendly hotel with 2 heated pools, fitness center, direct beach access, bars and restaurants including Sloppy Joe's on site, play areas, beach side fire pits, kayaks and much more. Full service lobby and housekeeping service. Resort and condo renovated in 2018. This Gulf Deluxe Studio unit is located on the third floor and features a large balcony, bathroom, double queen beds and a kitchenette with refrigerator and microwave, flat screen HD LCD TV and tastefully decorated. INSTANT INCOME! Perfect vacation spot and excellent investment with occupancy rate and high gross rental income. Bilmar has a very effective marketing team which contributes to the successful occupancy rate. Owners can select one of two packages for personal use. The Bilmar offers full turn-key rental management.
2021 gross revenue of $56,993; net income $28,459; after all condo fees net income is $20,259! Tremendous income! Just sit back and collect your payments! Agent Owned.
Location
State FL
County Pinellas
Community Bilmar Beach Resort Condo
Interior
Interior Features Open Floorplan, Thermostat, Window Treatments
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile
Fireplace false
Appliance Bar Fridge, Microwave
Exterior
Exterior Feature Balcony, Lighting, Outdoor Grill, Outdoor Shower, Sidewalk
Garage Common, Guest, Open
Pool Gunite, Heated, In Ground
Community Features Deed Restrictions, Fitness Center, Playground, Pool, Sidewalks, Water Access, Waterfront
Utilities Available Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Available
Amenities Available Cable TV, Clubhouse, Elevator(s), Fitness Center, Laundry, Maintenance, Playground, Pool, Recreation Facilities, Spa/Hot Tub
Waterfront Description Beach - Public, Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach - Public,Gulf/Ocean
View Water
Roof Type Other
Garage false
Private Pool No
Building
Story 8
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Construction Status No Contingency
Others
Pets Allowed No
HOA Fee Include Cable TV, Pool, Electricity, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Pest Control, Pool, Security, Sewer, Trash, Water
Senior Community No
Ownership Condominium
Monthly Total Fees $530
Membership Fee Required None
Special Listing Condition None
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Bought with NEXTHOME GULF COAST
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "