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$749,900

For Sale - Active
1430 Gulf Blvd Unit 309, Clearwater, FL 33767
2 Beds
2 Baths
1,380 Square Feet
0.10 Acres Lot
Built in 1974
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jul 14, 2025 at 04:04AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,583
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.10 Acres Lot
Built in 1974
For Sale - Active
1 Units

Wake up to the sound of waves and magnificent ocean views in this special beachfront property. Situated in an ideal oceanfront location in the heart of Sand Key, this RARELY AVAILABLE premium Southwest corner unit offers DIRECT UNOBSTRUCTED views of the beach and Gulf. Beautifully updated and MOVE-IN READY, this property exudes an elegant yet beachy ambiance. The floor plan is perfect for entertaining with plenty of room for family and friends and features a convertible wall that opens to expand the living area and upgraded floor to ceiling sliding doors that access the balcony from every room. All doors are also protected by hurricane shutters. The updated Chef's kitchen is the centerpiece with custom wood cabinets, Samsung appliances, brushed nickel hardware, glass backsplash, and gorgeous quarts countertops. The bedrooms are spacious with generous storage and the owner's suite includes a beautifully updated en-suite bath that features quartz countertop and upscale tile work and fixtures. Impeccably maintained, multiple upgrades include remote control Hunter Douglas solar shades, new HVAC in 2024, new water heater in 2020, new windows and doors in 2019, water softener in 2019 and new disposal with the kitchen renovation in 2019. This property also comes with 2 parking spaces including 1 premium under building space, and storage unit for your beach toys. South Beach II is an idyllic gated community that features lush tropical landscaping and a private, tranquil setting. Enjoy indescribable sunsets from the tiki huts and swim in the heated resort-style pool that overlooks the Gulf. Other amenities include a fitness room, clubroom for social gatherings, and onsite manager. Close to everything including fabulous dining, shopping, entertainment, and the Jolley Trolley! Call now to schedule your tour. Virtual tours are also available

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Location


Property Details


Parking

  • Description: Underground/Basement
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 8

Exterior Features

  • Exterior Walls Materials: Concrete
  • Foundation: Slab
  • Roof Material: Built-Up
  • Pool: Yes

HOA

  • Association: Kathy Swift

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 192915786390003090
  • Lot Size: 4409 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1974

Tax Information

  • Annual Tax: $2,710

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Jill Peterson
CENTURY 21 COAST TO COAST
(727) 470-7010

Source:
Stellar MLS
MLS#: TB8366899
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,583
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$749,900
Amount financed:
-$599,920
Down payment:
$149,980
Closing costs:
$22,497
Rehab costs:
$0
Initial cash invested:
$172,477
Square feet:
1,380
Cost per square foot:
$543
Monthly rent per square foot:
$2.61

Financing Details

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Loan amount:
$599,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,841
Property tax:
$226
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,319

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$226-$2,710
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$1,126-$13,510

Cash Flow


Monthly Yearly
Net operating income:
$2,258 $27,096
Mortgage payments:
-$3,841 -$46,092
Cash flow:
$1,583 $18,996