Updated Condo with Bay
1200 N SHORE NE DRIVE 109 St Petersburg, FL 33701
1200 N SHORE NE DRIVE 109, St Petersburg, FL, 33701
$220,000
For Sale
$220,000
Updated 1-bedroom condo in 55+ community with bay views.
Property Size710 SF
Lot Size1.14 Acres
Price / SF$309.86
Days on Market513
Property Features for 1200 N SHORE NE DRIVE 109
General Information
- Standard status
- Active
- Size
- 710 SF
- Lot size
- 1.14 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1969
Listing Agency
COLDWELL BANKER REALTY
(443) 336-7010
Listed by
Carol Fasick Joyce · License #3437913
(443) 336-7010
Source
Exitrealty
Added: Feb 21, 2025 Checked: Jul 19 at 3:43 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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located directly across from North Shore Park and overlooking Tampa Bay, this Shore Crest Condominiums unit is in a 55+ community. This first-floor corner unit offers views of the bay, St. Pete Pier, and Downtown St. Pete. The building has five floors, plus a 6th-floor clubhouse and rooftop patio with panoramic views. This updated 1-bedroom, 1-bathroom unit includes hurricane-rated, impact-resistant slider doors and windows. The kitchen features Whirlpool appliances, quartz countertops, and an island. The unit has porcelain tile throughout and a new water heater. Condo amenities include a laundry room and private storage on the 2nd floor, on-site full-time maintenance, and secure entry with fob or digital access to the lobby and mail room. The HOA fee covers internet, cable, water, sewer, trash, all exterior maintenance, and access to the rooftop clubhouse and patio. Shore Crest is within walking distance to public tennis courts, volleyball courts, beach access, North Shore Park, The Vinoy, and restaurants, shops, and museums. The Aquatic Center, featuring Olympic-size swim lanes, is just minutes away. The Gizella Kopsick Palm Arboretum, a two-acre waterfront park showcasing over 500 palm trees and cycads representing more than 150 species, is nearby. Tampa International Airport is a 20-minute drive away. This unit has 710 sq ft and can be combined with Unit 110, offering a total of 2,050 sq ft.
Key Highlights
- Unobstructed views of Tampa Bay, St. Pete Pier, and Downtown St. Pete from a desirable North Shore Dr. location.
- Updated unit with a brand‑new modern kitchen featuring Whirlpool appliances and quartz countertops, plus fresh porcelain tile throughout.
- Hurricane‑rated, impact‑resistant slider doors and windows provide enhanced safety and peace of mind.
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 | $12.8k | $18.00 |
| − Vacancy | −$907 | −$1.28 |
| EGI | $11.9k | $16.72 |
| − OpEx | −$5.3k | −$7.52 |
| NOI | $6.5k | $9.20 |
710 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$93.3K
$81.6K – $108.8K
NOI $6,530 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.7K
$161.6K – $215.5K
NOI $12,927 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Beach to Bay Scooters
Car Rental Facility
Ivy League Tutoring
Tutoring Service
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated 1-bedroom condo in 55+ community with bay views.
Where is this residential income property located?
The property is located at 1200 N SHORE NE DRIVE 109 St Petersburg, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Unobstructed views of Tampa Bay, St. Pete Pier, and Downtown St. Pete from a desirable North Shore Dr. location.; **Updated unit with a brand‑new modern kitchen featuring Whirlpool appliances and quartz countertops, plus fresh porcelain tile throughout.**; Hurricane‑rated, impact‑resistant slider doors and windows provide enhanced safety and peace of mind.
