Comfortable Condo with Marina
2960 59TH S STREET 411, Gulfport, FL 33707
Charming 2 bed/2 bath condo with updated kitchen and amenities.
Type:Condo/Townhome
Property size:
1,120 SFPrice / SF:
$156/SF- Added:
- Mar 24, 2026
- Days on Market:
- 64
- Last Refresh:
- Apr 5 at 10:44 pm
Property Features for 2960 59TH S STREET 411
General Information
- Standard status
- Active
- Size
- 1,120 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing agent Marie Drew License #3541536
Listing office NEXTHOME LOCAL EXPERT (727) 440-1000
Listing date Mar 24, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NEXTHOME LOCAL EXPERT
HighLights
- Priced to sell, fully furnished option available due to seller relocation.
- Updated kitchen boasts full‑size stainless steel appliances, including a gas range.
- HOA covers an extensive list: gas, water, sewer, trash, cable, internet, exterior maintenance, and building insurance.
- Enjoy the heated community pool in the Jamison building year‑round.
- Building has strong reserves, recent major upgrades ($700k) and no upcoming special assessments.
- Access to Town Shores amenities: marina, clubhouse, 4 pools, tennis, pickleball, fitness center, and more.
Overview
This charming 2-bedroom, 2-bathroom condo offers comfortable living with peek-a-boo water views of the marina. The updated kitchen features full-size stainless steel appliances, including a gas range, over-the-range microwave, dishwasher, and double-door fridge. The spacious living room and dining combo area provides ample space. The rear Florida room is filled with natural light. The primary bedroom includes two large his and her closets and an en-suite bathroom with a walk-in shower. The second bedroom is also spacious. The building has strong reserves with no upcoming special assessments, having invested $700k in major upgrades and renovations, including re-lining of plumbing pipes and new stairwells. The building has completed Phase 1 Milestone inspection with no Phase 2 required, and the SIRS financial inspection has been completed and passed. The building performed well during the 2024 storm season, and the owner has paid all assessments in full. The monthly HOA fee includes exterior maintenance, building insurance, water, trash, sewer, natural gas for hot water and cooking, cable, internet, and access to amenities such as a marina with boat slips, clubhouse, tennis, bocci, 4 pools, tennis, pickleball courts, shuffleboard, a full fitness center with sauna, a ballroom, and waterfront access. The unit also includes a deeded covered carport spot. Located in Gulfport, a waterfront community with local eateries, shops, galleries, a library, a senior center, and a casino with dancing, this property offers access to a Tuesday fresh market, a fishing pier, and waterfront walking paths. The unit size is 1120 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$114.5K
NOI $10,301 @ 9.00% cap · cautious / downside scenario
Moderate
$147.2K
NOI $10,301 @ 7.00% cap · market / base-case scenario
Aggressive
$206.0K
NOI $10,301 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $18.00 |
| − Vacancy | −$1.4k | −$1.28 |
| EGI | $18.7k | $16.72 |
| − OpEx | −$8.4k | −$7.52 |
| NOI | $10.3k | $9.20 |
1,120 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$147.2K
$128.8K – $171.7K
NOI $10,301 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7126617
- Latitude
- 27.7406296
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Charming 2 bed/2 bath condo with updated kitchen and amenities.
Where is this residential income property located?
The property is located at 2960 59TH S STREET 411 Gulfport, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Priced to sell, fully furnished option available due to seller relocation.; Updated kitchen boasts full‑size stainless steel appliances, including a gas range.; HOA covers an extensive list: gas, water, sewer, trash, cable, internet, exterior maintenance, and building insurance.
