$3,850,000

2785 Bayside Drive

ST PETERSBURG FL, 33705

Description

**Currently up over 43% YOY, grossing $408,771!! This estate is a cash cow investment opportunity with consistent YOY growth.** The best of both Floridas incredible ROI and an amazing opportunity to purchase a highly versatile income-producing asset. This estate is being sold TURNKEY, including about $400,000 worth of furniture, decorations, and watersports equipment, and is MOVE-IN READY. With 239ft of unparalleled waterfront, direct Tampa Bay access, and the convenience of being just a couple miles from downtown St. Petersburg, its in a league of its own. Competition is few and far in between, creating a monopoly on rate setting. Boasting consistent income growth year over year, its established and booming short term rental and wedding income is projected to bring in OVER $350k in income in 2021. Including 7 bedrooms (two Owners suites), 6.5 baths, and over 3,000sqft of entertainment space, this waterfront estate provides the perfect backdrop for the ultimate wedding, private event, or personal respite. The main wing of the residence includes both master suites, two guest bedrooms, and 3.5 baths; the guest wing features three bedrooms and three baths. While both wings are connected, the property could also be rented out separately and is on two separate meters. From the private gym to the wine seller to the gorgeous 44,000-gallon saltwater pool, which is solar heated (2016), it has everything you could want in a waterfront retreat or event space. Financials, walkthrough video, and 3D virtual tour available. Massive upside for digital marketing integration since all customers are organic, as well as repeat business with high-paying event industries, such as mastermind groups. It is truly a one-of-a-kind asset for the lucky new owner.

Details

MLS#U8117881
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
Year1950
Days On Site209

Features

SQ Feet7,269
Garage4
Story(s)Two
Acreage0.35
Water FrontYes
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Area Information
StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33705
Area33705 - St Pete
Community NameLING-A-MOR ADD
School DistrictLakewood High-PN
Elementary SchoolLakewood Elementary-PN
Middle SchoolBay Point Middle-PN
High SchoolLakewood High-PN
Listing VS Median (in LING-A-MOR ADD)
Price:
$3,850,000
low | high
Med:
$3,850,000
50% of Average
SqFt:
7,269
low | high
Med:
7,269
50% of Average
$ / SqFt:
$530
low | high
Med:
$530
50% of Average
On Site:
209
low | high
Med:
209
100% of Average
Sourced by Back At You
Listing Updated: October 11, 2021 2:50:21 PM PDT
Conor Green LogoMLS Number: U8117881
Listing Provided By:
Conor Green  of  CHARLES RUTENBERG REALTY INC

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