Property Description
Under contract-accepting backup offers. WATERFRONT VACATION RENTAL POTENTIAL | 1031 EXCHANGE OPPORTUNITY | INCOME-PRODUCING COASTAL PROPERTY | PROJECTED 12.3% CAP RATELooking for a high-performing short-term rental, 1031-Exchange replacement property, or a home with income potential? This Redington Beach waterfront home delivers the ideal combination of cash flow, appreciation, and personal-use flexibility.Situated on an EXCEPTIONALLY WIDE deep-water canal, this fully updated property offers direct boating access to the Intracoastal Waterway and the Gulf-just minutes to John's Pass. A private dock (full replacement 2022) and well-maintained seawall (full replacement 2003) make this a turnkey option for boating enthusiasts and vacation guests alike.Inside, the open-concept floor plan is designed for both entertaining and maximizing rental appeal. The renovated kitchen features granite countertops, custom cabinetry, a large breakfast bar, and dedicated beverage station-ideal for hosting guests. Both bathrooms have been tastefully updated with modern, spa-inspired finishes.Major upgrades include a metal roof (2017), hurricane-impact windows (2022), and storm shutters, offering durability and potential insurance advantages. Solar panels (assumable, low monthly cost) provide energy efficiency and long-term savings-an attractive feature for investors focused on operating margins.Step outside to a private tropical oasis complete with a saltwater pool (installed 2017), low-maintenance xeriscape landscaping, and a spacious covered waterfront patio (13'x27')-perfect for outdoor dining and sunset views that drive strong guest satisfaction.Located in Redington Beach, a vacation rental-friendly community, this property is ideally positioned between Clearwater Beach and St. Pete Beach, with convenient access to dining, shopping, and entertainment at John's Pass Village.Projected 13% cap rate with strong short-term rental income potential. Ideal for 1031-Exchange buyers seeking passive income and long-term appreciation, with the added benefit of personal-use flexibility.This is a rare opportunity to acquire a turnkey waterfront investment property in one of Florida's most desirable beach markets.Schedule your private showing today and secure your next income-producing coastal asset!
Property Features
Amenities
Feature Descriptions
Room Sizes
Local Schools
Listed By / Shown By
Listed By
Agency Name: ENGEL & VOLKERS MADEIRA BEACH
Agency Contact: 727-394-7365
Shown By
Agent Name: Shelly Sharp
Agent Phone: Cell: (904) 742-9934
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 5,965.44 per month $5,304.31 Principal & Interest $355.17 Property Tax $305.96 Homeowner's InsuranceChange Payment Information
Select a format below, new window will open and will prompt you to print.
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
16129 4th Street E | MLS# TB8452580
This single family home located at 16129 4th Street E, Redington Beach, FL 33708 is currently listed for sale with an asking price of $1,049,000. This property was built in 1955 and has 3 bedrooms and 2 full baths with 1428 sq. ft. 4th Street E is located in the REDINGTON BEACH HOMES 6TH subdivision. Search REDINGTON BEACH HOMES 6TH real estate on ssharp.watsonrealtycorp.com today.