17248 GULF BOULEVARD #12
About This Property
Imagine a two-night minimum rental model that handles itself: turnkey, full-service management means you can let guests cover your expenses while you relax. HOA fees of just $350/month cover electric, cable, water, building insurance, and grounds upkeep-so you enjoy a truly carefree investment. On-site laundry, open parking, shuffleboard courts, heated pool, BBQ grills, card tables on the breezeway, and best of all the location directly on the beach with the finest white sand and the clearest water keep guests coming back for more. Some guests have been vacationing at Far Horizons for over 40 years!
Location is everything-and this spot delivers. A 30-second stroll through a shaded breezeway puts you toes-in-the-sand at sunrise. Take a short stroll along the shoreline for sunset panoramas and enjoy waterfront dining at Coconut Charlie's. Then explore local hotspots: vibrant beach bars like Backwaters, seafood restaurants like the Conch Republic Grill, and shops like Surf Style are all within easy walking distance. For a change of pace, take a quick drive to lively John's Pass or world-class attractions in St. Petersburg.
This condo-hotel is perfectly suited for savvy investors seeking rental income, vacation beach lovers craving a hassle-free home-away-from-home, or inland local Florida buyers wanting a cost-effective entry into beachfront real estate with the opportunity to use the facilities when rented. With its turnkey appeal, you'll own a slice of paradise that practically pays for itself. Don't miss this rare Gulf-front opportunity-secure your spot at Far Horizons on N Redington Beach today! To really appreciate the location of Condo Hotel #12, click the Virtual Tour Link to see the Drone Video.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by SELECT PROPERTIES INC | $298,000 | |
| Listed by SELECT PROPERTIES INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2025
|
1 Bed
|
1 Bath
|
411 ft²
|
$298,000
1 Bed
1 Bath
411 ft²
|
$280,000
-6.04%
09/12/2025
|
Amanda Dyer
RE/MAX ELITE REALTY
| |
|
09/26/2023
|
1 Bed
|
1 Bath
|
407 ft²
|
$375,000
1 Bed
1 Bath
407 ft²
|
$367,500
-2.00%
02/24/2024
|
Andrew Duncan
RE/MAX DYNAMIC
| |
|
06/14/2023
|
1 Bed
|
1 Bath
|
413 ft²
|
$425,000
1 Bed
1 Bath
413 ft²
|
$389,000
-8.47%
10/20/2023
|
Scott Nealy
CENTURY 21 COAST TO COAST
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017