St Pete Beach - Beach Property For Sale #7195513

Located on World-Famous St Pete Beach, the Palm Garden Apartments represents an exceptionally rare opportunity to acquire a resort-style, condominium quality coastal multifamily investment property. This meticulously well-maintained, and tastefully appointed fourteen unit, two building luxury rental community has long maintained essentially full-occupancy thus generating a consistently reliable revenue
stream. Constructed in 1972 of solid block with poured concrete floors, Palm Garden Apartments is built on a sturdy slab with a durable stucco exterior finish. The unit mix consists of twelve one-bedroom one-bath and two two-bedroom two-bath apartments. All but three apartments have been renovated and feature contemporary luxury kitchens and bathrooms appointed with high-quality fixtures and cabinets, stainless steel appliances, stylish backsplash tile, granite countertops, and European-inspired tile and laminate flooring. Bedrooms are carpeted. A number of major capital improvement projects have been completed in recent years including, but not limited to, new mansards, landscape upgrade with CitraBlue sod, replacement of hot water tanks, resurfaced parking lot, all fuse and breaker boxes upgraded, epoxy resin surfaced hallways, steps and walkways, and replacement of a number of AC units. Apartment layouts are designed with expansive living rooms, dining areas, full-size bathrooms, and a private balcony or patiomunity features include twenty off-street private parking spaces, professionally landscaped grounds shaded by tropical trees, and onsite laundry facilities. Every apartment is individually equipped with modern central heating and air conditioning systems providing year-round comfort. Metered separately, electricity is paid by tenants. City water and trash collection, as well as basic cable with internet service, is provided by the owner. Hot water is supplied by efficient individual in-unit tanks. St Pete Beach regularly ranks among the world's list of best beaches including one of the Top USA Beach Escapes in 2025 by Good Housekeeping. Palm Garden tenants enjoy a year-round vacation lifestyle with walks for miles on the beach looking for shells in the sand, and dolphins in the surf. The Property is within a short bike ride to public beach access at Upham Beach Park popular for its wide stretches of powdery sand along the glittering emerald-green waters of Florida's Gulf Coast. After a relaxing day of fun in the sun on St Pete Beach it's time to shop, dine, and unwind in the Historic Corey Avenue Shopping District. This shopper's paradise thrives as the heart of St Pete Beach with its historic theater, unique specialty shops, art, craft, and jewelry galleries, clothing stores, and imaginative gift shops. Locals and visitors alike can enjoy a sumptuous meal any time of day at one of the many wonderful Corey Avenue restaurants offering casual fare to fine dining and entertainment. Acquisition of Palm Garden is ideally suited for discerning investors seeking to establish a foothold in one of the most popular coastal beach communities in Florida. Investors interested in acquiring a turnkey, generational family asset to satisfy a 1031 Exchange, or enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Palm Garden Apartments. Please contact the Listing Agent for financial details and additional information regarding the Property and Offering.