122 CORAL AVE, REDINGTON SHORES, FL, 33708
$2,900,000
Residential Income
Bedrooms
5
Bathrooms
8
Living Area
3,354 Sqft
Lot Size
6,643 Sqft
Prime Investment Opportunity: Fully Renovated ~ 8 unit ~ Airbnb Property Steps from the Beach Nestled less than 450 feet from public beach access, this exceptional property offers an unparalleled opportunity for short-term rental success. Zoned Commercial Tourist Facilities (CTF), it is approved for nightly rentals, making it the perfect choice for an investor looking for passive income along the Gulf Coast Beaches. Property Highlights; Complete Renovation: This property has been meticulously upgraded, including a durable aluminum PVD-plated roof, custom impact-resistant windows, and a full electrical rewire with new panels for optimal safety. Gourmet Kitchens & Spa-Inspired Bathrooms. Each unit features a sleek, European-style kitchen with quartz countertops, glass backsplashes, and premium appliances. The bathrooms have been tastefully updated, new showers, vanities, and modern fixtures. Premium Finishes: No detail has been overlooked, from the Stiebel tankless water heaters and new mini-split AC systems in 7 of the 8 units to the eco-friendly Cali bamboo long plank flooring. Cohesive Aesthetic: Every unit shares a uniform, coastal luxury design with the same exquisite materials, including a newly installed permeable paver system and durable new stucco with advanced lathe for long-lasting results. Outdoor Potential: The property is primed for additional amenities, with power already run underground for a 12-person hot tub in the beautiful central courtyard. There is also ample space to add a pool or spa/hot tub. Ideal Location: Situated within a block of several popular restaurants and bars, this property also features 8 on-site parking spots for added convenience. With its impeccable design, unbeatable location, and turn-key status, this property is a prime opportunity for generating substantial income through short-term rentals. Dont miss out on your chance to own this stunning slice of coastal paradise! (PORTFOLIO PACKAGE AVAILABLE; Property can be purchased with 2116/2114 1st St, Indian Rocks Beach, and/or 2605 Bay Blvd, Indian Rocks Beach)
Property Details
Property Features Property Features
MLS ID: MFRTB8398480 Year Built: 1951
Construction Materials: Block Cooling: Central Air, Ductless
Country: US County Or Parish: Pinellas
Exterior Features: Balcony, Courtyard, Lighting, Outdoor Shower, Rain Gutters, Sidewalk, Storage Flooring: Bamboo
Foundation Details: Slab Furnished: Furnished
Heating: Central, Electric Laundry Features: Common Area
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA
Lot Features: Corner Lot, Flood Insurance Required, FloodZone, Sidewalk, Paved Parking Features: Assigned, Golf Cart Parking, Guest
Patio And Porch Features: Covered, Front Porch, Patio, Porch, Rear Porch Property Sub Type: Multi Family
Property Type: Residential Income Road Surface Type: Paved
Roof: Metal Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Connected, Electricity Connected, Water Connected Water Source: Public
Window Features: Storm Window(s)
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