18304 Gulf Blvd APT 311, Redington Shores, FL, 33708 | 6.98% Rental Yield

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18304 Gulf Blvd APT 311, Redington Shores, FL, 33708 | 6.98% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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 Redington Shores at 18304 Gulf Blvd APT 311, Redington Shores, FL, 33708 earns from $3,780/mo rent with a $3,181/mo payment. Total monthly income totals $3,780/mo. ROI tracks 17.07% on current figures, and rental yield reads 6.98% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 88.16% and total cumulative return in cash sums $188,534. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,780/mo property income instead of your personal income.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Imagine opening your front door and instantly being greeted by a breathtaking view of the Gulf of Mexico. At this 2-bedroom, 2-bathroom beachfront condo in Redington Shores, every day feels like a vacation. From sunrise strolls on the shore to sunset views from your living room, you'll experience the magic of beachside living the moment you arrive. Recently remodeled from top to bottom (2025), this condo shines with modern upgrades. Say goodbye to outdated carpets, luxury vinyl plank flooring flows throughout, giving a clean, cohesive look that's also perfect for sandy feet and easy maintenance. Fresh paint and all-new light fixtures brighten every room. In the kitchen, brand-new stainless steel appliances (2025) with granite countertops, making cooking and entertaining a delight. Plus, the big-ticket items have already been taken care of for you: New HVAC and New Hot Water Heater. Plus, Shore Mainer Condos has passed all milestone inspections. The primary bedroom boasts its own gorgeous beach view. Both bedrooms are generously sized suites, each with an en suite bathroom and a walk-in closet. This property is the definition of "lock and leave" convenience, making it ideal as a seasonal retreat or a full-time residence. Living at Shore Mariner means you'll enjoy more than just a beautiful condo. This 55+ community features a pool, shuffleboard and more. Don't miss the chance to make this turnkey beachfront oasis your own. Its not just a condo; it's a home where the Gulf of Mexico is your front yard, and every day feels like a getaway. Your dream coastal life is waiting!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,781 (100%)
Owner Occupied HU	6,160 (48.2%)
Renter Occupied HU	2,266 (17.7%)
Vacant Housing Units	4,355 (34.1%)
Median Home Value	$575,753
Average Home Value	$706,923