Furnished Condo with Water
131 BLUFF VIEW DRIVE 208 Belleair Bluffs, FL 33770
131 BLUFF VIEW DRIVE 208, Belleair Bluffs, FL, 33770
$258,000
For Sale
$258,000
Updated 2-bedroom condo in active 55+ community with amenities.
Property Size1,300 SF
Lot Size1.03 Acres
Price / SF$198.46
Days on Market511
Property Features for 131 BLUFF VIEW DRIVE 208
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Lot size
- 1.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1971
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 487-1894
Listed by
Lance Willard LLC · License #3384517
(727) 487-1894
Source
Exitrealty
Added: Feb 21, 2025 Checked: Apr 6 at 12:44 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 fully furnished condo, located in the Port Belleair community, features two bedrooms and two bathrooms, offering views of the Belleair Causeway Bridge and Intracoastal Waterway. The 1,300-square-foot residence includes luxury vinyl plank flooring and crown molding. Both bedrooms have ensuite bathrooms and walk-in closets with custom organizers. Hurricane-impact windows have been installed in the master bedroom and upper lanai. The electrical system has updated outlets and GFIs. A laundry room with a commercial-grade washer and dryer is available on the same floor at no cost to residents, along with a private locked storage closet and a trash chute. The 55+ active community provides a heated pool, clubhouse, BBQ grills, and picnic tables. Constructed by U.S. Steel, the building has passed the Milestone Structural Inspection. The property is located in a non-flood, non-evacuation zone and includes an assigned covered parking space with guest parking. The building was the last one constructed in Port Belleair and is known for its structural integrity.
Key Highlights
- Stunning water views of the Belleair Causeway Bridge and Intracoastal Waterway
- Fully furnished and move‑in ready
- Located in a vibrant 55+ active community with a heated pool, clubhouse, BBQ grills, and picnic tables
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 | $23.4k | $18.00 |
| − Vacancy | −$1.7k | −$1.28 |
| EGI | $21.7k | $16.72 |
| − OpEx | −$9.8k | −$7.52 |
| NOI | $12.0k | $9.20 |
1,300 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$170.8K
$149.5K – $199.3K
NOI $11,956 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.1K
$295.9K – $394.5K
NOI $23,670 @ 7.0% cap · market cap 9.17%
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
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FAQs
What type of property is this?
Residential income property - Updated 2-bedroom condo in active 55+ community with amenities.
Where is this residential income property located?
The property is located at 131 BLUFF VIEW DRIVE 208 Belleair Bluffs, FL.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Stunning water views of the Belleair Causeway Bridge and Intracoastal Waterway; Fully furnished and move‑in ready; Located in a vibrant 55+ active community with a heated pool, clubhouse, BBQ grills, and picnic tables
