CONDO STR Strategy ST PETE BEACH

[Brett Baker]

I am wanting to purchase a condo in the St Pete Beach (preferable Treasure Island) market post hurricane(s). We are wanting to be as close to the water as possible. The market has understandebly dipped and it seems that it would be a good time to get in. It seems that most condos are selling at the purchase price from 1-2 years prior.

I am from Iowa so our goal would be to use it in the winter months (dec,jan,fab) and try and break even off the income from the remaining months. 

Does anyone have a successful STR condo in the Treasure Island area? How do you stand out as a desireable unit in a town that is saturated with many of the same cookie cutter condo 2b 2ba. It seems that STR regs are different per building. Andy advice is appreciated!

[Trent Reeve]

Quote from @Joe C.:

Quote from @Trent Reeve:

I think the reference was how do you stand out from one condo to another when they are all identical, vs how do you compete with single family homes. Theoretically all the condos have the amenities, not just yours. It's tough to make YOUR condo different from everyone else's condo.

 yep, that will come from decor. I have a complex next to mine that has over a hundred units, some do very well some dont and you can point to their decor right away as a differentiator.