Updated Penthouse with Bayou
5400 PARK N STREET 10 St Petersburg, FL 33709
5400 PARK N STREET 10, St Petersburg, FL, 33709
$289,900
Pending
For Sale
$289,900
Pending
Updated penthouse with water views, modern amenities, and convenient location.
Property Size1,280 SF
Lot Size0.57 Acres
Days on Market554
Property Features for 5400 PARK N STREET 10
General Information
- Standard status
- Pending
- Size
- 1,280 SF
- Lot size
- 0.57 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 543-1378
Listed by
Toni Rametta · License #3052133
(727) 543-1378
Source
Exitrealty
Added: Jan 13, 2025 Updated: Jul 6 at 12:13 pm Checked: Jul 19 at 5:15 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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This updated penthouse unit, renovated in 2018, features shaker-style cabinets and solid surface countertops in the kitchen and bathrooms. The residence includes modern, mid-brown tone, solid surface flooring throughout. The 2-bedroom, 2-bath home is located in the Otter Key community, which offers a park-like setting. A new roof was installed in 2024. The unit provides views of Cross Bayou and includes new windows and hurricane-rated sliders from the primary bedroom and main living area onto the large balcony. The balcony is equipped with a power shade. The unit features ample closet space and an in-unit washer and dryer. Community amenities include a heated pool, tennis court, pickleball court, and a clubhouse with an exercise room, billiards, ping pong, library, and kitchen. The building has secure elevator access. This penthouse unit includes a parking space under the building (space 21) and an adjacent storage closet. The building is a gas building, providing gas for hot water and stoves, which is covered in the monthly maintenance, along with water, sewer, trash, pest control, escrow reserve fund, building maintenance, pool maintenance, and grounds maintenance. A Publix is located across the street, and shopping and beaches are nearby. A milestone inspection and reserve study have already been completed. The property size is 1280 square feet.
Key Highlights
- Penthouse unit with outstanding Cross Bayou view, new windows, and hurricane‑rated sliders to a large balcony with power shade.
- Parking space under the building and adjacent storage closet (rare for the building).
- Monthly maintenance covers gas, water, sewer, trash, pest control, escrow reserve fund, building maintenance, pool maintenance, and grounds maintenance.
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 | $23.0k | $18.00 |
| − Vacancy | −$1.6k | −$1.28 |
| EGI | $21.4k | $16.72 |
| − OpEx | −$9.6k | −$7.52 |
| NOI | $11.8k | $9.20 |
1,280 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$168.2K
$147.2K – $196.2K
NOI $11,772 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,306 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Otter Key Condominiums
Condominium Complex
South Florida Duct ...
HVAC Service
On The Mark Contracting, LLC
Industrial Consultant
Barbrara Wolter
Advertising Agency
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FAQs
What type of property is this?
Residential income property - Updated penthouse with water views, modern amenities, and convenient location.
Where is this residential income property located?
The property is located at 5400 PARK N STREET 10 St Petersburg, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Penthouse unit with **outstanding Cross Bayou view**, new windows, and hurricane‑rated sliders to a **large balcony with power shade**.; Parking space under the building and adjacent storage closet (rare for the building).; Monthly maintenance covers gas, water, sewer, trash, pest control, escrow reserve fund, building maintenance, pool maintenance, and grounds maintenance.
