Listing Details for MLS #TB8432483
5116 Beach Drive Se Unit D, St Petersburg, Fl

Residential Property - Condominium in St Petersburg

Listing Price: $292,000 (Mortgage Calculator →)Days on Market: 202

Description of Property

A RARE OPPORTTUNITY! Assumable VA loan with an approximate 3.00 interest rate available to qualified buyers. Welcome to Waterside at Coquina Key South! This gated waterfront community spans 88 acres along the Tampa Bay waterways and offers resort-style living with 24-hour security. With 628 units and 60 buildings, Waterside is a large waterfront community featuring five canals, a freshwater pond, and an abundance of boat slips available for purchase or lease. This 2-bedroom, 1-bath, second-floor condo is move-in ready and being sold furnished. Inside, you’ll find tile floors, wainscot paneling, Hunter ceiling fans, an in-unit washer/dryer, and beachy décor. The large kitchen has been remodeled with a backsplash, newer appliances, and generous cabinet and counter space. The bathroom has been beautifully updated with wainscot paneling, tile, and a modern vanity. Step out onto your private balcony with peaceful canal views and enjoy the Florida breeze. Waterside South’s resort-style amenities feature two pools, tennis courts, pickleball courts, sand volleyball, kayak storage, a fitness center, dog park, and the on-site Yacht Club with a full bar and weekly activities. Hang out at the Yacht Club or fishing pier and enjoy Florida wildlife while watching cruise ships and tankers come and go from Tampa Port—you may even see dolphins! The property experienced no flooding from Hurricanes Helene or Milton. While repairs remain in progress, the HOA has been working diligently on milestone projects, with several major improvements already completed, including roofs, balconies, and exterior painting. The special assessments have now been approved and passed, providing a clear path for completing the remaining community improvements. As these projects are finished and the community's restoration is complete, traditional financing is expected to become available again, which could increase buyer demand and enhance future property values. Ideally located near world-famous Gulf beaches, top hospitals, shopping, dining, and entertainment, with Tampa International Airport only 30 minutes away, Waterside South is a unique and affordable waterfront community. This is an excellent opportunity to purchase waterfront property at today's pricing before values potentially increase as community improvements are completed. Sellers are motivated and willing to negotiate, making this an outstanding opportunity to own a piece of Florida waterfront living.The average asking price for a 2 bedroom/1 bath condominium in this Zip code is $308,923. This condominium is listed at about 95% of the average asking price. There are 13 2 bedroom/1 bath homes between $200,000 and $400,000 currently listed for sale in this Zip code. See other listings like this one »