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11605 Gulf Blvd # 507 Treasure Island, Florida 33706 MLS# MFRTB8323140
Discover Coastal Charm and Investment Opportunity at Crystal Palms Beach Resort! Unit 507 is a lovely two-bedroom, two-bathroom condo located on the fifth floor of the popular Crystal Palms Beach Resort in Treasure Island, Florida. This inviting unit offers pleasant views of the Gulf of Mexico from its covered balcony, making it the perfect spot for sunset dinners or relaxing with the ocean breeze. An excellent investment, this vacation rental has demonstrated strong income potential, generating $54,228 in 2023 and $48,512 in 2024. From January through May 2025, the unit has already earned $26,187 in rental income. Ideal for investors, including those considering a 1031 exchange, this property is ready for immediate occupancy or easy entry into the vacation rental market. Even more exciting, this unit is one of three currently available by the same seller in the building (Units 402, 502, and 507). Buyers are welcome to purchase individually or as part of a rare multi-unit investment package in one of Treasure Island’s most consistent income-producing resort communities. Crystal Palms was featured on HGTV, and the condo comes fully furnished with a modern kitchen equipped with upgraded GE appliances, granite countertops, and the convenience of an in-unit washer and dryer. Both bedrooms have en-suite bathrooms for added privacy, and the master suite provides direct balcony access along with an additional vanity sink. Crystal Palms Beach Resort enhances your vacation experience with amenities. Enjoy the outdoor heated pool and spa, surrounded by lush tropical landscaping. Assigned under-building parking ensures your vehicle is protected, and the building boasts storm-resistant doors and windows for added peace of mind. With no minimum stay requirements, this condo offers both flexibility and high rental demand. Financing options are available, and savvy buyers can benefit from Vacation Rental Tax Benefits as outlined in IRS Publication 527. Conveniently located just minutes from two international airports, the vibrant John's Pass Boardwalk, downtown St. Petersburg, and major sports venues, this property puts you in the heart of Florida's most exciting attractions. Whether you're seeking a personal beachfront getaway, a solid investment, or both, Unit 507 at Crystal Palms Beach Resort is a rare find that meets all your needs. Schedule your private showing today and start making your beachside dreams a reality while enjoying financial rewards!
Approximate Room Sizes
Bathrooms
Reduced By $36,000