NOT LISTED FOR SALE

Estimated Value: $5,112,334

Studio
13 Baths
6,612 Sq Ft
$773/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2023

Last sale price $5,700,000 $862 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $33,940 / mo

4 Days on Market

Highlights

  • Gunite Pool
  • Solid Surface Countertops
  • Zoned Heating System
  • Cathedral Ceiling
  • No HOA
  • Ceiling Fan

About This Home

As of April 2023

Life is a beach now come live it. This resort is a must see just a 150 yards from the beach !!!! Have you every dreamed of owning your own turn key boutique motel on St Pete Beach the number one beach ranked on TripAdvisor. Well dreams can come true if you can move fast. The Villas consist of 12 amazing yet distinct Villas. 1 two bedroom 2 bath Villa, 5 One bedroom units with full kitchens, 5 efficiencies with full kitchens and 1 micro efficiency with mini frig. The Villas has had an extreme make over within the past few years to make it an all new 5 star resort. Updated kitchens with white and grey shaker cabinets and granite/quartz countertops. Updated bathrooms in all the Villas with beautiful turquoise and while color tile. Updated interior and exterior painting along with beachy style plank flooring, updated plumbing and electrical fixtures, just too many updates to list. Every unit has been custom designed and decorated with the most amazing beach styles. The pool area is expansive and boast tropical palm trees, tons of outdoor furniture 2 cozy cabanas and an outdoor grill. The pool itself has been updated with custom pavers and a resort style spill out dolphin. There are even beach bikes to rent along with a guest laundry area, everything is here for the guest to have the perfect beach get-a-way. The location is beyond perfect right next to the beach with some Villas having gulf views and it is within walking distance to so many wonderful beach restaurants, bars. shopping and nightlife. Words can not describe how nice these rooms and resort is so it is best to see it on it 's website thevillasatstpetebeach.com where you can view and book rooms online. Best of all this dream comes with a current cap rate of over 9 percent The numbers are beyond belief making this a true turn key business. It's all in place nothing to do but collect the rental fees. The Villas has a motel license which allows short term daily rentals. No detail has been missed and no expense has been spared to make this resort the perfect investment you will be proud to own.

Last Agent to Sell the Property

Dave Wonsick

MURPHY REALTY License #694726 Listed on: 03/08/2023

Last Buyer's Agent

Lanika Hamilton

EXIT BAYSHORE REALTY License #3408439

EXIT BAYSHORE REALTY

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,562

Year Built

  • Built in 1951

Lot Details

  • 16,727 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Bi-Level Home
  • Block Foundation
  • Built-Up Roof
  • Concrete Siding

Interior Spaces

  • 6,612 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Solid Surface Countertops

Outdoor Features

  • Gunite Pool
  • Exterior Lighting

Utilities

  • Mini Split Air Conditioners
  • Zoned Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Buildings
  • 12 Units
  • Beach Plaza Sec Of St Pete Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 20 / 2
  • Assessor Parcel Number 36-31-15-05940-002-0010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,562

Year Built

Built in 1951

Lot Details

0.38 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 6612
  • Lot Size Acres: 0.38
  • New Construction: No
  • Year Built: 1951
  • Lot Size Sq Ft: 16727
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 862.07
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Solid Surface Counters
  • Foundation Details: Block
  • Levels: Two
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 614.27

Exterior Features

  • Pool Features: Gunite, Heated
  • Exterior Features: Lighting
  • Roof: Built-Up
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: None
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected
  • Cooling: Mini-Split Unit(s)
  • Heating: Central, Zoned
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Parcel Number: 36-31-15-05940-002-0010
  • Additional Parcels: No
  • Lot Dimensions: 50x100
  • Flood Zone Code: AE

Multi Family

  • Number Of Units Total: 12
  • Total Num Buildings: 4
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 23561.81
  • Tax Block: 2
  • Tax Book Number: 23-14
  • Tax Lot: 20

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
Mar 8, 2023
Closed on
Apr 17, 2023
Sold by
Bought by
Seller's Agent
Dave Wonsick
MURPHY REALTY
Buyer's Agent
Lanika Hamilton
EXIT BAYSHORE REALTY
List Price
$5,800,000
Sold Price
$5,700,000
Premium/Discount to List
-$100,000
-1.72%
Views
52
Current Estimated Value
$5,112,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$587,666
Avg. Annual Appreciation
-3.25%

Purchase Details

Closed on
Jan 21, 2022
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 19, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in St. Pete Beach, FL

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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
$5,700,000 Title Exchange
$3,850,000 American National Title
$1,275,000 Fidelity National Title Of F
-- Title Agency Of Florida
-- Attorney
$505,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $2,930,000
Previous Owner $2,930,000
Previous Owner $3,750,000
Previous Owner $700,000
Previous Owner $520,074
Previous Owner $125,000
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
04/17/2023 04/17/23 Sold $5,700,000 -1.7% $862 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $5,800,000 -- $877 / 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 $70,088 $3,450,000 $2,433,998 $1,016,002
2024 $52,221 $4,500,000 $3,329,603 $1,170,397
2023 $52,221 $3,275,000 $2,230,064 $1,044,936
2022 $23,562 $2,000,000 $1,447,124 $552,876
2021 $17,464 $1,000,000 $0 $0
2020 $20,119 $1,150,000 $0 $0
2019 $18,458 $1,035,000 $751,875 $283,125
2018 $10,793 $627,672 $0 $0
2017 $10,326 $594,407 $0 $0
2016 $9,886 $563,468 $0 $0
2015 $9,300 $523,995 $0 $0
2014 $8,957 $507,422 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8193105

Stellar MLS

APN: 36-31-15-05940-002-0010

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