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
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Listing Details

OfficeCHARLES RUTENBERG REALTY INC

Listing Map

Neighborhood Information for 2785 Bayside Drive S

Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

Highs


January 69.30℉
July 90.20℉

Lows


January 76.60℉
July 76.60℉
rain icon

Precipitation


49.58

Statistics

Number of Listings

Population Age

Home Listings Prices

Nearby Schools

Great Schools School Name Distance  
Great School

Lakewood Elementary School

Public - Preschool to 5Th Grade - Closest Elementry School
1 Miles
Great School

Midtown Academy

Public - Kindergarten to 8Th Grade - Closest Middle School
1 Miles
Great School

Campbell Park Elementary School

Public - Preschool to 5Th Grade
2 Miles
Great School

Melrose Elementary School

Public - Preschool to 5Th Grade
2 Miles
Great School

Academy Prep Center Of St. Petersburg

Private - 5Th Grade to 8Th Grade
2 Miles
Great School

Perkins Elementary School

Public - Preschool to 5Th Grade
2 Miles
Great School

John Hopkins Middle School

Public - 6Th Grade to 8Th Grade
2 Miles

School data provided by GreatSchools

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