NOT LISTED FOR SALE
-- Beds
-- Baths
4,054 Sq Ft
6,530 Sq Ft Lot

Sale Details

Date Sold: November 23, 2022

Last sale price $1,900,000 $469 Per Sq Ft

6 Days on Market

Highlights

  • 53 Feet of Waterfront
  • Access to Bay or Harbor
  • No HOA
  • White Water Ocean Views
  • L-Shaped Dining Room
  • Family Room Off Kitchen

About This Home

As of November 2022

The views are simply spectacular! A rare opportunity to own a stunning six-unit waterfront apartment building situated in the highly sought-after Isle of Palms neighborhood of Treasure Island, Florida! Wide Open Views with 58 feet of seawall, a gorgeous large observation deck, and easy access to the Gulf of Mexico and Tampa Bay. This low-maintenance block construction building has been meticulously maintained inside and out with beautiful landscaping and ten parking spaces. This building features an abundance of natural light with great floorplans. Three units are 2/1 – Two bedroom one bath with kitchen, dining and living rooms. The remaining three units are 1/1 – One bedroom one bath with kitchen dining and living rooms as well. Current Rents are substantially under market with 4 month-to-month tenants and 2 owner units. Projected Income based on market rates in the area: $2000 - $2500 2 Bedroom Units and $1800-$2200 for the One Bedroom Units. The current property expenses: 2021 Taxes $11,647.46, Insurance Liability $2500, Wind $6,400, Flood $5200. Water/Garbage/Sewer for all units currently paid by Owner $490/Month. Electric (Separately metered tenants pay individually) House Electric $40/month. On Site Laundry is currently included in rent but could be changed to coin operation for additional income. This phenomenal property is located only minutes from the sandy beaches of Treasure Island, shopping, water activities, great restaurants, sunset beach walks and more – this is truly an amazing opportunity!

Last Agent to Sell the Property

Uli Cramer

KLEIN & HEUCHAN, INC License #3432225 Listed on: 10/30/2022

Last Buyer's Agent

Adam Yore

RE/MAX PREFERRED License #3389212

RE/MAX PREFERRED
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,133

Year Built

  • Built in 1971

Lot Details

  • 6,530 Sq Ft Lot
  • Lot Dimensions are 50x149
  • 53 Feet of Waterfront
  • Property Fronts a Bay or Harbor

Home Design

  • Block Exterior

Interior Spaces

  • Primary Bedroom Upstairs
  • 4,054 Sq Ft Home
  • Ceiling Fan
  • Family Room Off Kitchen
  • L-Shaped Dining Room
  • White Water Ocean Views
  • Hurricane or Storm Shutters

Outdoor Features

  • Access to Bay or Harbor
  • Seawall
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 6 Units
  • Isle Of Palms Subdivision

Listing and Financial Details

  • Legal Lot and Block 75 / F
  • Assessor Parcel Number 23-31-15-43470-006-0750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,133

Year Built

Built in 1971

Lot Details

6,530 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 4054
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1971
  • Lot Size Sq Ft: 6530
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.86364
  • Price per Sq Ft: 468.67
  • Close to Original List Price Ratio: 0.86364
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Master Bedroom Upstairs
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Hurricane Shutters, Sidewalk, Storage
  • Roof: Other
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water View: Bay/Harbor - Full
  • Water Access: Bay/Harbor
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 53
  • Water Frontage Feet Bay Harbor: 53

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Parcel Number: 23-31-15-43470-006-0750
  • Additional Parcels: No
  • Lot Dimensions: 50x149
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 6
  • Waterfront Features: Bay/Harbor

Tax Info

  • Tax Annual Amount: 12132.67
  • Tax Block: F
  • Tax Book Number: 7-52
  • Tax Lot: 75

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2022
Closed on
Nov 23, 2022
Sold by
R S M Property Management Llc
Bought by
Seller's Agent
Uli Cramer
KLEIN & HEUCHAN, INC
Buyer's Agent
Adam Yore
RE/MAX PREFERRED
List Price
$2,200,000
Sold Price
$1,900,000
Premium/Discount to List
-$300,000
-13.64%
Views
8

Purchase Details

Closed on
Sep 16, 2016
Sold by
May Helga
Bought by
Rsm Property Management Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,900,000 Landguard Title Services
Rsm Property Management Llc -- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/23/2022 11/23/22 Sold $1,900,000 -13.6% $469 / Sq Ft
11/06/2022 11/06/22 Pending -- -- --
10/30/2022 10/30/22 For Sale $2,200,000 -- $543 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,055 $1,415,000 $933,413 $481,587
2024 $27,232 $1,800,000 $1,269,607 $530,393
2023 $27,232 $1,655,000 $1,061,887 $593,113
2022 $13,936 $975,000 $634,517 $340,483
2021 $12,133 $696,100 $0 $0
2020 $11,232 $645,159 $0 $0
2019 $10,281 $582,000 $352,398 $229,602
2018 $9,357 $530,250 $0 $0
2017 $9,370 $525,000 $0 $0
2016 $7,730 $459,667 $0 $0
2015 $7,418 $431,733 $0 $0
2014 $7,026 $408,571 $0 $0
Source: Public Records

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Map

Source: Stellar MLS

MLS Number: U8180789

Stellar MLS
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