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Home Sale Pending
503 & 509 69TH AVENUE
ST Pete Beach, Florida 33706
Pinellas CountyCommunity: ST PETERSBURG BEACH 1ST ADD
$800,000
4 br, 0.0 bath
2094 sq. ft.
0.330 acres
Under contract-accepting backup offers. Income-Producing Properties Offered as Part of a (3-Lot) St. Pete Beach Portfolio. This price does NOT include the vacant lot.
Pricing on the 2 income properties creates an 8% CAP rate. These 2 income-producing lots are being sold together as part of a larger 3 -property portfolio, which also includes an additional vacant lot--creating a rare and strategic redevelopment opportunity in the heart of St. Pete Beach. (Note: a 10-unit 2 lot opportunity can also create a larger portfolio - call for details).
Spanning CC-2 Commercial Corridor and UBV Urban Beach Village zoning, the portfolio offers exceptional flexibility for redevelopment, including short-term rentable townhomes, boutique lodging, or mixed-use concepts. The existing duplexes have consistently generated income, allowing buyers to benefit from cash flow while planning future development.
This package represents one of the lowest price-per-square-foot income-producing opportunities currently available in St. Pete Beach (excluding the vacant lot), making it a compelling option for investors focused on equity growth and long-term upside.
Portfolio Highlights:
**3 total lots (over 15,000 sq. ft. of land)
**5 existing rental units plus 1 vacant lot
**Proven rental history with established tenants
**Zoning that supports vacation rentals and redevelopment
**Prime location near beaches, dining, and entertainment
**Owner willing to offer up to 50% seller financing
Whether your goal is to hold for cash flow, reposition and redevelop, or secure a rare multi-lot footprint in one of Florida's strongest beach rental markets, this portfolio delivers unmatched flexibility and value.
Opportunities of this scale and zoning diversity in St. Pete Beach are increasingly rare.
Inquire today for details and to explore the full potential of this three-property offering or a five-property (15 rentals & vacant lot) offering.
Interior:
- Bedrooms: 4
- Baths: 0.0
- Sq Ft: 2094
- Year Built: 1941
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Ductless (Heating), Electric (Heating)
- Garage:
Exterior:
- Lot Size: 0.330 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding: Block, Frame
- Roof: Shingle
- Property Taxes: $6,400
- MLS #: TB8337608
Contact Information:
Listing Agent: Valerie McClary, eXp Realty LLC, 727-272-0994, 888-883-8509
Listing Site, Listing Status: Pending
Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7214869
Viewed 4 times.
Updated: Feb 05, 2026

