Kelly D'Errico
Property Description
Savvy investors take note-this legal vacation rental is projected to deliver a cap rate of 8.5%+ while offering a FULLY FURNISHED/TURNKEY, income-producing coastal retreat!Welcome to your fully furnished waterfront pool home in Redington Beach, where mid-century modern design meets high-performing short-term rental potential. Whether you're searching for a cash-flowing Airbnb/VRBO investment or a personal beach getaway that pays for itself, this property checks every box.Completely remodeled and move-in ready, this 2-bedroom waterfront home is designed for maximum guest appeal and five-star reviews. The open-concept layout features a chef's kitchen with quartz countertops, white shaker cabinetry, and premium finishes, flowing seamlessly into a bright living space with wall-to-wall sliders showcasing stunning water views-a major booking driver for vacation guests.The primary suite offers an en-suite bathroom and dual closets, creating a private, upscale retreat, while the guest bedroom and bath provide comfort and privacy for additional occupants-ideal for maximizing occupancy and nightly rates.Step outside to your private waterfront oasis, where a sparkling pool, tropical landscaping, and expansive patio create the ultimate Florida vacation experience. The private dock with direct water access is perfect for kayaking, paddleboarding, or fishing-highly desirable amenities that increase rental demand and nightly pricing.Additional highlights include a 550 sq ft oversized garage-perfect for storing beach gear, bikes, and owner storage-with future potential for value-add improvements (subject to local regulations).Located in Redington Beach, a highly sought-after, residential beach community, this property benefits from strong short-term rental demand, limited inventory, and proximity to the Gulf of Mexico. Guests will love the easy beach access via the residents-only parking and walkway, just a short stroll away-another key feature that drives bookings.Turnkey. Waterfront. Income-producing.Opportunities like this-combining lifestyle + ROI-rarely hit the market.
Property Features
Amenities
Feature Descriptions
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Local Schools
Listed By / Shown By
Listed By
Agency Name: ENGEL & VOLKERS MADEIRA BEACH
Agency Contact: 727-394-7365
Shown By
Agent Name: Kelly D'Errico
Agent Phone: (386) 561-8931
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 5,513.78 per month $5,051.49 Principal & Interest $170.92 Property Tax $291.38 Homeowner's InsuranceChange Payment Information
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402 161st Avenue | MLS# TB8471642
This single family home located at 402 161st Avenue, Redington Beach, FL 33708 is currently listed for sale with an asking price of $999,000. This property was built in 1953 and has 2 bedrooms and 2 full baths with 1416 sq. ft. 161st Avenue is located in the REDINGTON BEACH HOMES 6TH subdivision. Search REDINGTON BEACH HOMES 6TH real estate on kellyd.watsonrealtycorp.com today.