Listing Details for MLS #TB8471642
402 161st Avenue, Redington Beach, Fl

Residential Property - Single Family Residence in Redington Beach

Listing Price: $999,000 (Mortgage Calculator →)Days on Market: 118

Description of Property

Savvy investors take note—this legal vacation rental is projected to deliver a cap rate of 8.5%+ while offering a FULLY FURNISHED/TURNKEY, income-producing coastal retreat! Welcome to your fully furnished waterfront pool home in Redington Beach, where mid-century modern design meets high-performing short-term rental potential. Whether you're searching for a cash-flowing Airbnb/VRBO investment or a personal beach getaway that pays for itself, this property checks every box. Completely remodeled and move-in ready, this 2-bedroom waterfront home is designed for maximum guest appeal and five-star reviews. The open-concept layout features a chef’s kitchen with quartz countertops, white shaker cabinetry, and premium finishes, flowing seamlessly into a bright living space with wall-to-wall sliders showcasing stunning water views—a major booking driver for vacation guests. The primary suite offers an en-suite bathroom and dual closets, creating a private, upscale retreat, while the guest bedroom and bath provide comfort and privacy for additional occupants—ideal for maximizing occupancy and nightly rates. Step outside to your private waterfront oasis, where a sparkling pool, tropical landscaping, and expansive patio create the ultimate Florida vacation experience. The private dock with direct water access is perfect for kayaking, paddleboarding, or fishing—highly desirable amenities that increase rental demand and nightly pricing. Additional highlights include a 550 sq ft oversized garage—perfect for storing beach gear, bikes, and owner storage—with future potential for value-add improvements (subject to local regulations). Located in Redington Beach, a highly sought-after, residential beach community, this property benefits from strong short-term rental demand, limited inventory, and proximity to the Gulf of Mexico. Guests will love the easy beach access via the residents-only parking and walkway, just a short stroll away—another key feature that drives bookings. Turnkey. Waterfront. Income-producing. Opportunities like this—combining lifestyle + ROI—rarely hit the market.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $819,500. This single family residence is listed at about 122% of the average asking price. There are 7 2 bedroom/2 bath homes between $800,000 and $1,200,000 currently listed for sale in this Zip code. See other listings like this one »