Updated Condo in Boca
8911 BLIND PASS ROAD 304 St Pete Beach, FL 33706
For Sale
$324,900
Pending
Renovated 3-bedroom condo with modern upgrades and community amenities.
Property Size1,030 SF
Lot Size4.84 Acres
Days on Market687
Property Features for 8911 BLIND PASS ROAD 304
General Information
- Standard status
- Pending
- Size
- 1,030 SF
- Lot size
- 4.84 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing Agency:
ENGEL & VOLKERS ST. PETE
(727) 504-3257
Listed By:
Zachary Campbell · License #3237432
(727) 504-3257
Source:
Exitrealty
Added: Sep 8, 2024
Changed: Jul 6
Last Checked: Jul 25 at 5:36AM
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 ENGEL & VOLKERS ST. PETE
Investment Insights
Based on property information with market context.
Located in the Boca Shores gated community, this updated 3rd-floor condo features 3 bedrooms and 2 bathrooms. The unit has been renovated with modern upgrades throughout. The open floor plan includes new luxury vinyl plank flooring in the main areas and new carpet in the bedrooms. The kitchen features new cabinetry, Carrara quartz countertops, and stainless steel appliances. Both bathrooms have been transformed with designer vanities, modern fixtures, fresh tile work, and new tubs. Additional updates include new interior paint, a light fixture package, a new A/C system, and a new water heater. Boca Shores offers amenities, including a clubhouse, fitness center, heated pool with water views, sauna, fishing dock, and available boat slips for lease. Other conveniences include a car wash station and community laundry. With 30-day rentals permitted, this condo is an investment opportunity. It is located for easy access to local dining, shopping, tennis, pickleball courts, dog parks, and nearby Sunset and Treasure Island beaches. The property size is 1030 square feet.
Key Highlights
- Fully updated 3‑bedroom, 2‑bathroom condo in the desirable Boca Shores gated community.
- Turn‑key condition with brand‑new luxury vinyl plank flooring, new carpet, new cabinetry, Carrara quartz countertops, and stainless steel appliances.
- New A/C system and new water heater.
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 | $18.5k | $18.00 |
| − Vacancy | −$1.3k | −$1.28 |
| EGI | $17.2k | $16.72 |
| − OpEx | −$7.8k | −$7.52 |
| NOI | $9.5k | $9.20 |
1,030 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$135.3K
$118.4K – $157.9K
NOI $9,473 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.9K
$234.4K – $312.6K
NOI $18,754 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Boca Shores Condominiums
Condominium Complex
The Perfect Bead
Car Wash
Painting Pool Cage
General Contractor
FAQs
What type of property is this?
Residential income property - Renovated 3-bedroom condo with modern upgrades and community amenities.
Where is this residential income property located?
The property is located at 8911 BLIND PASS ROAD 304 St Pete Beach, FL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Fully updated 3‑bedroom, 2‑bathroom condo in the desirable Boca Shores gated community.; Turn‑key condition with brand‑new luxury vinyl plank flooring, new carpet, new cabinetry, Carrara quartz countertops, and stainless steel appliances.; New A/C system and new water heater.
