Point Brittany Condo with
5220 BRITTANY S DRIVE 903 St Petersburg, FL 33715
5220 BRITTANY S DRIVE 903, St Petersburg, FL, 33715
$240,000
Pending
For Sale
$240,000
Pending
Two-bedroom condo in 55+ waterfront community with deeded parking.
Property Size1,175 SF
Lot Size1.77 Acres
Days on Market975
Property Features for 5220 BRITTANY S DRIVE 903
General Information
- Standard status
- Pending
- Size
- 1,175 SF
- Lot size
- 1.77 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1972
Listing agency
LUXURY & BEACH REALTY INC
(727) 692-4543
Listed by
Jay DeBussy · License #3032069
(727) 692-4543
Source
Exitrealty
Added: Nov 21, 2023 Updated: Jul 10 at 1:05PM Checked: Jul 23 at 6:35AM
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 LUXURY & BEACH REALTY INC
Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condo is located in the gated 55+ Point Brittany complex on Boca Ciega Bay. The unit features an open kitchen with a separate dining area and large walk-in closets in both bedrooms. A separately deeded covered parking spot conveys with the unit. Community features include a waterfront complex, boat dock, fishing piers, first-come, first-serve boat slips, four swimming pools, a hot tub, a clubhouse with a fitness center, tennis courts, storage, and a kayak storage and launch area. Condo monthly fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance exterior, maintenance grounds, maintenance repairs, pest control, pool maintenance, recreational facilities, security, sewer, trash, water, and free laundry room access on each floor. The complex is undergoing recent renovations, with some still in progress. The property offers easy access to I-275, downtown St. Pete, St. Pete beaches, and Ft. Desoto Park. The property size is 1175 square feet.
Key Highlights
- Exceptionally low price for a 2BR/2BA condo.
- Gated 55+ waterfront community on Boca Ciega Bay with extensive amenities.
- Monthly condo fees cover cable TV, internet, insurance, maintenance, security, and water.
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 | $21.2k | $18.00 |
| − Vacancy | −$1.5k | −$1.28 |
| EGI | $19.6k | $16.72 |
| − OpEx | −$8.8k | −$7.52 |
| NOI | $10.8k | $9.20 |
1,175 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$154.4K
$135.1K – $180.1K
NOI $10,807 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.6K
$267.4K – $356.6K
NOI $21,394 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Febre Frameworks
Photography Service
Building 4
Apartment Building
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FAQs
What type of property is this?
Residential income property - Two-bedroom condo in 55+ waterfront community with deeded parking.
Where is this residential income property located?
The property is located at 5220 BRITTANY S DRIVE 903 St Petersburg, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Exceptionally low price for a 2BR/2BA condo.; Gated 55+ waterfront community on Boca Ciega Bay with extensive amenities.; Monthly condo fees cover cable TV, internet, insurance, maintenance, security, and water.
