Condo with Bay
6104 PALMA DEL MAR S BOULEVARD 301 St Petersburg, FL 33715
6104 PALMA DEL MAR S BOULEVARD 301, St Petersburg, FL, 33715
$225,000
Pending
For Sale
$225,000
Pending
One bedroom condo with bay views and updated features.
Property Size780 SF
Lot Size6.67 Acres
Days on Market565
Property Features for 6104 PALMA DEL MAR S BOULEVARD 301
General Information
- Standard status
- Pending
- Size
- 780 SF
- Lot size
- 6.67 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1979
Listing Agency
COMPASS FLORIDA LLC
(727) 204-4405
Listed by
Karen Wilson · License #699426
(727) 204-4405
Source
Exitrealty
Added: Dec 31, 2024 Checked: Jul 19 at 4:36 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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This one-bedroom, 1.5-bath condo in the Palma A Building offers views of Boca Ciega Bay. The unit features a spacious balcony accessible from both the living room and master bedroom via sliding floor-to-ceiling doors. A new A/C unit was installed in January 2024, along with an Eco Bee thermostat system. The unit includes washer/dryer hookups in a laundry closet, and there is also a common area laundry room on the 2nd level. Residents benefit from a reserved upper-level parking space #93, plus guest parking, and an additional assigned storage area. The building offers a club room with card tables, a big-screen TV, a library, a pool table, and a catering kitchen located off the 2nd-floor lobby. The building's roof was replaced in 2023, and the interior was updated in 2022 with new tile flooring, paint, and carpet. Amenities include a heated pool and spa, kayak storage, a kayak launching pad, and bicycle storage. The community is pet-friendly for owners and allows 30-day minimum rentals. HOA fees cover basic cable, internet, water, trash, and sewer. The property is located in Isla Del Sol, near the Isla Del Sol Championship Golf & Yacht Club, with memberships available separately. It offers easy access to I-275 and Tampa International Airport and is close to beaches, the Gulf of Mexico, and Fort Desoto Park. Downtown St. Pete, with restaurants, shopping, and museums, is a short 10-minute drive away. The property is suitable as a vacation getaway, an investment property, or a full-time residence. The property size is 780 square feet.
Key Highlights
- Stunning views of Boca Ciega Bay with balcony access from living room and master bedroom
- Prime location in Isla Del Sol, a golf course community, close to beaches, Fort Desoto Park, and a 10‑minute drive to Downtown St Pete
- NEW A/C installed in January 2024 and Eco Bee thermostat system
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 | $14.0k | $18.00 |
| − Vacancy | −$997 | −$1.28 |
| EGI | $13.0k | $16.72 |
| − OpEx | −$5.9k | −$7.52 |
| NOI | $7.2k | $9.20 |
780 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$102.5K
$89.7K – $119.6K
NOI $7,174 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$202.9K
$177.5K – $236.7K
NOI $14,202 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bamboo-fusion Massage
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - One bedroom condo with bay views and updated features.
Where is this residential income property located?
The property is located at 6104 PALMA DEL MAR S BOULEVARD 301 St Petersburg, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Stunning views of Boca Ciega Bay with balcony access from living room and master bedroom; Prime location in Isla Del Sol, a golf course community, close to beaches, Fort Desoto Park, and a 10‑minute drive to Downtown St Pete; NEW A/C installed in January 2024 and Eco Bee thermostat system
