1520 Gulf Blvd APT 604, Clearwater, FL, 33767 | 6.06% Rental Yield | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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NMLS #2625701
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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics Value
Price $399,900
Est. Rent $3,200/mo
ROI 18%
  • Attractive rent-to-price ratio for income stability
  • Good fit for DSCR financing with healthy coverage
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Investment Highlights

Investment property for sale in Clearwater at 1520 Gulf Blvd APT 604, Clearwater, FL, 33767 listed at $949,950 pairs $4,800/mo rent with a $4,650/mo payment. Total monthly income runs $4,800/mo. Return on cash invested measures 8.53% in year one, and rental yield registers 6.06% at a $949,950 basis. Equity gained on principal adds $6,130/yr, and annual property appreciation at 5% supports $262,454 by year five. Five-year ROI tracks 44.5% and total cumulative return in cash totals $139,066. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,800/mo property income relative to a $4,650/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1991

10,747 sqft lot

$N/A/sqft

$1,161 monthly HOA

More details about the property

Welcome to your slice of beachfront condo paradise at the sought-after, luxurious Ultimar on Sand Key, built in 1991! Ultimar offers resort-style living that stands out from other buildings. This beautiful 2-bedroom, 2-bathroom split floorplan condo is one of the lowest-priced units availablewhat an opportunity to own in such a prestigious community! It perfectly captures the Florida beach lifestyle with its STUNNING FULL GULF WATER VIEWS and direct beach access. Wake up to breathtaking sunrises and relax on your expansive 6th-floor balcony as you take in the mesmerizing sights of the Gulf and the pristine sands below. Step inside to find a completely remodeled retreat boasting UPGRADES GALORE, including LUXURY VINYL flooring and textured ceilings throughout. The kitchen features wood cabinets, QUARTZ countertops, STAINLESS STEEL appliances, and a convenient kitchen bar that opens to the spacious living/dining area. The REMODELED primary bath offers an oversized garden tub for soaking after long walks on the beach, a separate shower, a tall dual-sink vanity with QUARTZ countertops, and a spacious walk-in closet. Inside laundry, with the washer and dryer included, adds to the convenience. This condo also comes with a storage locker and parking space #15 in the garage for your convenience. The A/C was replaced in 2017. Ultimars amenities are unmatched, including three geothermal heated pools with spas (one of which is a lap pool), three tennis courts, pickleball, a basketball court, a putting green, a croquet lawn, shuffleboard, a grill area, a fire pit area, a fitness center, a steam room, a sauna, a billiards room, a media room, and a social room with a catering kitchen. Conveniently located near Clearwater Beach, Tampa, and the airport, Ultimar is just steps away from great restaurants and shops, or you can catch the Beach Trolley right in front of the building. This condo offers more than just a place to liveit provides a luxury, resort-style experience that is truly unmatched. Dont forget to check out the virtual tour!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33767, Clearwater Beach, FL area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)8,688 (100%)
Owner Occupied HU3,972 (45.7%)
Renter Occupied HU814 ( 9.4%)
Vacant Housing Units3,902 (44.9%)
Median Home Value$809,154
Average Home Value$988,255

Address Breakdown

Residential

7,614

Single Family

1,763

Multi-Family

5,851

Businesses

358

Price History

Date

Event

Price

2024-08-23Price change$949,950
2024-08-03Pending sale$974,950
2024-07-19Price change$974,950

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

2023-09-03$12493.612.59%$690,4353.00%
2022-09-03$12178.4817.01%$670,32530.88%
2021-09-03$10408.25142.90%$512,177104.18%
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NMLS #2625701
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Facts & Features

General Information

  • Type: Condo
  • Year Built: 1991
  • Architectural Style: N/A
  • Building Area: 1,377
  • Living Area: 1,377 sqft
  • Property Condition: N/A

Features & Amenities

  • Heating: Central, Electric
  • Cooling: Central Air
  • Flooring: Luxury Vinyl, Tile
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Parking Features: Assigned, Under Building

Location

  • City: Clearwater
  • State: FL
  • Subdivision: Ultimar One Condo
  • Lot Size: 10,747 sqft
  • Lot Features: Flood Insurance Required, FloodZone, City Lot, Level, Sidewalk, 1/4 to less than 1/2 Acre
  • View: City, Water, Bay/Harbor - Full, Beach, Gulf/Ocean - Full, Intracoastal Waterway

HOA & Fees

  • HOA Fee: $1,161 monthly
  • Association Fee: $1,161 monthly
  • Fees & Dues: N/A
  • Association Amenities: Elevator(s), Fitness Center, Gated, Pickleball Court(s), Pool, Recreation Facilities, Security, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee Includes: 24-Hour Guard, Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Available, Public, Sewer Connected, Sprinkler Recycled, Street Lights, Underground Utilities, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public
  • Road Surface Type: Paved

School Information

  • Elementary School: Mildred Helms Elementary-PN
  • Middle School: Largo Middle-PN
  • High School: Largo High-PN

Listed by: Tami Jones • COMPASS FLORIDA LLC 

Mls Name: Stellar MLS

Mls Provider:Mls

Mls ID: #U8248122

Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511

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