Home on the Gulf of Mexico for $135,000…Really?

Tropic TerraceI  represented the seller of unit 17 in Tropic Terrace, Treasure Island, we closed the sale today. For just $135,000 the new owner has a fully furnished, well appointed, 265 square foot efficiency on the ground floor just steps from the white sandy beaches of the Gulf of Mexico.

Of course, the main draw to Tropic Terrace is that it is right on the beach…with just a few steps out the front door, you have your feet in pure white sand and with a few more steps can be paddling in the Gulf of Mexico. Sunsets over the Gulf are spectacular from here.

It’s a short walk to Treasure Island Causeway with bars and restaurants such as BRGR Kitchen and Bar try the signature burgers with a local craft beer, Shrimpy’s for Cajun inspired fair, or The Pearl for fine dining. There are lots of bars and restaurants clustered in this area where Treasure Island Causeway meets Gulf Blvd. If you want to go further afield, the Suncoast Beach Trolley stops right outside Tropic Terrace and runs on Gulf Blvd from Clearwater Beach to St Pete Beach – John’s Pass is only a few minutes away.

The building allows short term rentals, studios rent around $100-110 per night, one and two bedrooms go up to $140-$160 per night depending on the season. The onsite management company helps market as well as manage rentals to ensure guests have a great experience and come back! This is one of the few buildings in this area that will allow short term rentals and also allow residents to live there year round, It’s up to the owner if they choose to rent, so an owner can live in it year round, keep it just for themselves as a second home on the beach or generate income by renting it.

Tropic Terrace, 11370 Gulf Blvd, Treasure Island, FL 33706The complex has just 49 units, all facing the heated saltwater pool and the surrounding lush tropical landscaping. Assessments are kept low, just $313 per month in this case, and includes cable,wi-fi, electric, water, sewer and trash – so real estate taxes are the only bill outside of the monthly assessment. As well as the pool, there is shuffleboard, grills, an outdoor shower, laundry room, rec room and storage room.

There are other units for sale in Tropic Terrace, see here, or contact me directly if you are interested in buying or selling a home in Tropic Terrace, on the Pinellas Beaches or in St Petersburg and the surrounding areas.

Call/text 727.401.5997