2785 Bayside Drive S, ST PETERSBURG, FL

$3,850,000

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7,269

Square feet

0.35

Acres

About 2785 Bayside Drive S

**Currently up over 43% YOY, grossing $408,771!! This estate is a cash cow investment opportunity with consistent YOY growth.** The best of both Florida’s… 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, it’s 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 Owner’s 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.

Features of 2785 Bayside Drive S

MLS® # U8117881
Price $3,850,000
Bathrooms 0.00
Square Footage 7,269
Acres 0.35
Year Built 1950
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 2785 Bayside Drive S
Area St Pete
Subdivision LING-A-MOR ADD
City ST PETERSBURG
County Pinellas
State FL
Zip Code 33705

Amenities

Parking Covered
# of Garages 4
Is Waterfront Yes
Waterfront Bay/Harbor
Has Pool Yes

Interior

Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Window Treatments
Appliances Built-In Oven, Convection Oven, Dishwasher, Dryer, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
Heating Central
Cooling Central Air
Fireplace Yes
Fireplaces Gas, Family Room, Living Room, Master Bedroom

Exterior

Exterior Features Dog Run, Fence, French Doors, Lighting, Outdoor Grill, Storage
Roof Shingle
Foundation Slab

School Information

Elementary Lakewood Elementary-PN
Middle Bay Point Middle-PN
High Lakewood High-PN

Additional Information

Date Listed March 28th, 2021
Days on Market 538
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCHARLES RUTENBERG REALTY INC

Listing Map

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