122 Coral Avenue, Redington Shores, FL 33708

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List Price
$2,999,999
MLS#
TB8557529
Type
Multifamily
Living Area
3,319
Lot Size
6,643
Subdivision
Harbor Shores 2nd Add
Year Built
1951

Property Description

Turn-Key Luxury Coastal Investment | 8-Unit Multi-Family Opportunity!!!Situated less than 450 feet from public beach access, this fully renovated 8-unit multi-family asset is a premier short-term rental opportunity along the Gulf Coast. Zoned Commercial Tourist Facilities (CTF) for approved nightly rentals, the property offers immediate, high-yield passive income. Key Property Upgrades & Features: Comprehensive Renovations: Outfitted with a durable aluminum PVD-plated roof, custom impact-resistant windows, and a fully rewired electrical system with new panels. Upgraded Interiors: Each unit boasts European-style kitchens with quartz countertops and glass backsplashes, paired with modern, spa-inspired bathrooms featuring updated vanities and custom showers. High-Efficiency Comfort: Equipped with Stiebel tankless water heaters, mini-split A/C systems in 7 units, and sustainable Cali bamboo plank flooring. Extensive Exterior Upgrades: Features permeable paver ground coverage, fresh stucco with advanced lathe, and dedicated power already run for a 12-person courtyard hot tub (with ample space to add a pool or full spa). Prime Beachside Location: Includes 8 on-site parking spaces and is located within steps of local dining, shopping, and nightlife. Fully furnished, impeccably maintained, and optimized for short-term rental performance.

Additional Information

Community Features
No Deed Restriction
Style
Multi-Family 5+
Appliances
Microwave, Refrigerator
Exterior Construction
Block
Roof
Metal
Located Near
Corner Lot, Flood Insurance Required, FloodZone, Sidewalk, Paved
Utilities
Water Connected
Floor
Bamboo, Luxury Vinyl
Heating
Central, Electric
Cooling
Central Air, Mini-Split Unit(s)
Pool Type
No Pool
Water
Beach View, Beach Access

Listing courtesy of HOMESTEAD ROAD.

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