Vacation Home in Florida that pays for itself

If you’re looking to buy an affordable condo on the beach, look no further: enjoy waterfront living and make a great profit on price appreciation.

Immerse yourself in tropical landscape. The 640-acre island  offers private beaches waterfront pools, 3+ miles of walking trails, and kayak/paddleboard access to Tampa Bay. Nested between the southern tip of St. Petersburg and the Gulf of Mexico. White sugar sand beaches and Fort Desoto Park are just minutes away. 

Yacht and country club has various membership options, including 18-hole championship golf course, yacht club, nine clay tennis courts, fabulous dining facilities, a private fitness center, and a beautiful pool overlooking Boca Ciega Bay.

5 Reasons you should invest in a vacation condo in St Petersburg Fl

1. The prices are 30% below the market peak values and have a great potential for price appreciation. Back in 2006 median selling price of a 2 B condo was $355K. Now these condos are selling close to 280K (community on the Golf Course).

2. Maintenance Fees on the island are one of the lowest on the beach. The average association fees of a 2 B condo range between $369 - $475 per month. HOA fees cover: Flood insurance, Spectrum cable & Internet, Water & Sewer, ground maintenance, building insurance and amenities.

3. High Rental rates. If you decide to rent your condo while you are away, the rental income can help you cover your mortgage payments. The revenue from renting a condo for 10 month is enough to cover a mortgage on the property for the whole year. You can expect to get at least $3,000 to $3,500 per month from January till March which are the peak months for vacationers. Slightly less during April and May, and approximately $2,200 to $2,500 "off season". 

4. Flexibility. There are communities that allow 7-day and 30 day minimum lease. Short term rentals can be extremely lucrative. You can raise prices as you see fit depending on the demand. Travelers expect to pay premium prices over holidays and high-season, so you can easily double your regular nightly prices for that time period. And if no one is staying at your property, you use it for an impromptu vacation.

5. Most of associations on the island are pets friendly. Even your pet wants to live in paradise!