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6505 Thomas 505 Drive 505A

#770166

RES

2/2

Built in 1984

$493,000

Details

TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.
GENERAL
Real Estate Type RES
Full Bathrooms 2
Half Bathrooms 0
One Quarter Bathrooms 0
Three Quarter Bathrooms 0
Real Estate Sub Type Condominium
Square Feet 1,074
Stories 0
Year Built 1,984
Unit Number 505A
Lot Size Area 0
Agent Key 19,661,788
Agent MLS Id B10812
Office Key 4,319,770
Source System Id TRESTLE
Office Phone (888) 400-2513
Agent Url http://www.https://homecoin.com
Elevation 0
Parcel Number 30585-649-000
Number Of Units Total 0
Tax Legal Description THE SUMMER HOUSE OF P.C. ONE CONDO UNIT 505 2BR 2B 1015 H&C ORB 978 P 1178 . ORB 3979 P 1819
Special Listing Conditions ListedAsIs
Internet Address Display True
Internet Automated Valuation Display True
Agent Name Jonathan Minerick
Agent Email [email protected]
Agent Cell (888) 400-2513
Agent Office (888) 400-2513
Broker Id HCOIN
Office Name HomeCoin.com
Listing Contract Date 3/11/2025
Status Active
Days On Market 75
Lot Size Dimensions 0
BUILDING
Cooling CentralAir
Heating Central
Electric
Appliances Dryer
WasherDryerStacked
Dishwasher
ElectricCooktop
ElectricOven
ElectricRange
ElectricWaterHeater
Freezer
IceMaker
Microwave
Refrigerator
TrashCompactor
Fireplace False
Parking Total 0
Parking Features ParkingLot
Waterfront Features SeeRemarks
Security Features TwentyFourHourSecurity
Patio And Porch Features Balcony
Entry Level 5
Private Pool False
Spa False
Interior Features Elevator
SmartThermostat
Exterior Features Balcony
LOCATION
Subdivision The Summerhouse Of P.C. I
View Gulf
Directions Right on Thomas Dr. at 6505
Beachfront building
County Bay
Waterfront True
SCHOOLS
Elementary School Patronis
Middle School Surfside
High School Arnold

Questions