Waterfront Condo with Bay
7550 SUNSHINE SKYWAY S LANE T48 St Petersburg, FL 33711
7550 SUNSHINE SKYWAY S LANE T48, St Petersburg, FL, 33711
$370,000
For Sale
$370,000
Two-bedroom condo with panoramic Tampa Bay views and modern updates.
Property Size1,310 SF
Price / SF$282.44
Days on Market542
Property Features for 7550 SUNSHINE SKYWAY S LANE T48
General Information
- Standard status
- Active
- Size
- 1,310 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing Agency
TOMLIN, ST CYR & ASSOCIATES LLC
(813) 618-3776
Listed by
Ali St Cyr · License #3272034
(813) 618-3776
Source
Exitrealty
Added: Jan 24, 2025 Updated: Jul 6 at 12:18 pm Checked: Jul 19 at 4:43 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 TOMLIN, ST CYR & ASSOCIATES LLC
Investment Insights
Based on property information with market context.
This two-bedroom, two-and-a-half-bath condo offers waterfront living with panoramic views of Tampa Bay from five private balconies and porches. The end-unit residence features an open layout filled with natural light, with a spacious great room flowing into the eat-in kitchen. The kitchen and bathrooms have been updated with contemporary finishes. Upstairs, two master suites each include walk-in closets and private balconies. An upstairs laundry room adds convenience. Recent updates include fresh paint and new carpeting installed in late 2021, along with a modern AC system upgraded in September 2021. Hurricane-resistant glass sliders and windows, installed in 2015, offer water views while providing safety and energy efficiency. A spacious, climate-controlled storage area is located within the unit. The community provides dedicated storage options for kayaks and bicycles. Located in the Seapointe Terrace community, amenities include a waterfront pool, kayak racks, tennis courts, and a car wash station. The home is positioned at the quiet end of the community, offering added privacy, extra parking, and landscaping, surrounded by luxury homes. The location provides access to downtown St. Petersburg, Gulf beaches, and Tampa International Airport. Maximo Park and the Sunshine Skyway Fishing Pier are nearby.
Key Highlights
- Breathtaking panoramic waterfront views of Tampa Bay from five private balconies and porches.
- Never experienced any flooding, providing peace of mind.
- Updated kitchen and bathrooms with contemporary finishes, plus fresh paint and new carpeting.
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 | $23.6k | $18.00 |
| − Vacancy | −$1.7k | −$1.28 |
| EGI | $21.9k | $16.72 |
| − OpEx | −$9.9k | −$7.52 |
| NOI | $12.0k | $9.20 |
1,310 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,048 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.7K
$298.2K – $397.5K
NOI $23,852 @ 7.0% cap · market cap 6.45%
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 - Two-bedroom condo with panoramic Tampa Bay views and modern updates.
Where is this residential income property located?
The property is located at 7550 SUNSHINE SKYWAY S LANE T48 St Petersburg, FL.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Breathtaking panoramic waterfront views of Tampa Bay from five private balconies and porches.; Never experienced any flooding, providing peace of mind.; Updated kitchen and bathrooms with contemporary finishes, plus fresh paint and new carpeting.
