Communities to Generate Rental Income in St Pete
The white sandy beaches and beautiful turquoise waters continuously draw visitors to the Florida Gulf Coast year after year and St. Pete definitely offers plenty for tourists and residents alike. Whether it's to enjoy a day midst all the activity in downtown or to soak up some sun at the beach, St Pete is not only a great place to live, it's a great city to invest in. Earlier this year Forbes Magazine labeled St. Pete as one of their Top Places to Invest in Housing in 2017 and rentals of all kinds are in demand. Here are a few communities in St. Pete we think are worth knowing about it you've been considering an investment property in the area.
Gulf Strand Resort - St. Pete Beach
A terrific spot right on the beach where the income potential is dynamite! Gulf Strand Resort is a Condo-Hotel north of Pinellas Bayway on St. Petersburg Beach. This is an ideal community that can cater perfectly to vacation or seasonal renters with a 3 night minimum. Amenities include community pool and hot tub, covered outdoor picnic area with grills and of course the direct beachfront access and views. This community is designed to maximize rental income since owners are limited to reside in the units for a maximum of 90 days. Take advantage of the on-site management team for a hand-off approach while enjoying all the financial benefits. Check back with us to see when these highly coveted units hit the market.
Sunrise Resort - St. Pete Beach
Situated along the Intracoastal side of St. Petersburg Beach, off Gulf Blvd, is the tropical coastal inspired Condo-Hotel; Sunrise Resort. Beautiful bay and intracoastal waterway views can be enjoyed from each level making a vacation or seasonal renters stay worth every penny. Along with stunning water views, visitors get to enjoy the year-round heated swimming pool, whirlpool hot tub, tennis court, shuffleboard, fishing dock, and barbecue grills under the gazebo just of the pool deck, but that's not all! Directly across the street is St. Pete Beach and Tradewinds Island Resort! Easily accommodates for vacation or seasonal renters throughout the year. See all available properties for sale at Sunrise Resort [Click Here].
Signature Place - Downtown St. Pete
Owning an investment property in downtown St. Pete doesn't get much better than Signature Place. A stunning piece of architecture just a couple blocks away from all the shops, restaurants and social venues along Beach Drive. Units in this building are permitted to lease 3 times per year with a minimum 1 month lease, an ideal scenario for an annual lease or a short term renter during season leaving the unit available for personal use during the rest of the year. The building also offers luxurious and top notch amenities such as fitness center, 24 hour concierge, large heated infinity pool, private cabanas, spa, outdoor grills, two clubhouse rooms, and putting green. Owning a unit in Signature Place allots owners to ask top dollar rental amounts verses other places in town, generating a nice steady stream of income. See all available properties for sale in Signature Place [Click Here].
If you're looking to make passive income on your own terms, finding a home in the high demand historic Kenwood neighborhood would be a wise choice. This is a non HOA neighborhood with no rental restrictions so your property can be available as a vacation, short term, seasonal or annual rental. This charming neighborhood offers a plethora of housing choices with cottages, bungalows and homes built in the first half of the 20th century. A lot of the properties have been renovated or updated to meet the needs and comforts of the 21st century while maintaining its original unique curb appeal. Fresh, clean and updated properties will have a better opportunity of generating higher rent, making your investment work and produce for you. See all available properties for sale in the Kenwood neighborhood [Click Here].