Waterfront Condo with Recent
6495 SHORELINE DRIVE 8203 St Petersburg, FL 33708
6495 SHORELINE DRIVE 8203, St Petersburg, FL, 33708
$459,900
For Sale
$459,900
Luxury 3-bedroom, 2-bath condo with waterfront views and upgrades.
Property Size1,470 SF
Price / SF$312.86
Days on Market751
Property Features for 6495 SHORELINE DRIVE 8203
General Information
- Standard status
- Active
- Size
- 1,470 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2002
Listing Agency
CENTURY 21 RE CHAMPIONS
(352) 988-4350
Listed by
Cynthia Rosario · License #3585012
(352) 988-4350
Source
Exitrealty
Added: Jul 1, 2024 Updated: Jul 10 at 1:05 pm Checked: Jul 20 at 3:35 am
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 CENTURY 21 RE CHAMPIONS
Investment Insights
Based on property information with market context.
Located in the gated Shores of Long Bayou community, this condo offers waterfront luxury living. The 3-bedroom, 2-bath unit features upgrades including GE Café appliances, new valves and faucets, a custom pantry, and a custom vanity in the master bathroom. The kitchen includes a breakfast bar cabinet and quartz countertops. New flooring and carpet have been installed, along with a new water softener, two hurricane windows in the master bedroom, and enhanced lighting. The guest bath features a marble vanity. The unit includes a laundry room with a washer and dryer. The property has a private garage. A new roof has recently been added. The community is surrounded by 77 acres of nature preserve and offers 2 miles of private walking trails, a clubhouse with a fitness center, two swimming pools, and a heated spa. Opportunities for kayaking and fishing are available. The property is located near the Pinellas Trail, Seminole City Center, and gulf beaches. The condo has withstood hurricanes without water or property damage.
Key Highlights
- Waterfront location with breathtaking views of Long Bayou from a private balcony.
- Securely gated community (Shores of Long Bayou) surrounded by a 77‑acre nature preserve.
- Extensive upgrades throughout the condo, including GE Café appliances, quartz countertops, custom pantry and vanity, new flooring and carpet, and enhanced lighting.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.5k | $18.00 |
| − Vacancy | −$1.9k | −$1.28 |
| EGI | $24.6k | $16.72 |
| − OpEx | −$11.1k | −$7.52 |
| NOI | $13.5k | $9.20 |
1,470 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$193.1K
$169.0K – $225.3K
NOI $13,520 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.4K
$334.6K – $446.1K
NOI $26,765 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Luxury 3-bedroom, 2-bath condo with waterfront views and upgrades.
Where is this residential income property located?
The property is located at 6495 SHORELINE DRIVE 8203 St Petersburg, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Waterfront location with breathtaking views of Long Bayou from a private balcony.; Securely gated community (Shores of Long Bayou) surrounded by a 77‑acre nature preserve.; Extensive upgrades throughout the condo, including GE Café appliances, quartz countertops, custom pantry and vanity, new flooring and carpet, and enhanced lighting.
