Listing Details for MLS #TB8412423
18218 Sunset Boulevard Unit A+b, St Petersburg, Fl

Residential Property - Condominium in St Petersburg

Listing Price: $5,500,000 (Mortgage Calculator →)Days on Market: 33

Description of Property

A rare opportunity has arrived in Redington Shores: a direct Gulf-front property offering unparalleled potential for both luxury living and lucrative investment. For the first time in over 30 years, this prime piece of real estate is available to the market. Currently zoned as a condo, the property has been cherished as a family vacation retreat, with two spacious units totaling 2,750 sq. ft. of living space—each featuring 3 bedrooms and 2 bathrooms. The existing structure boasts a large parking pad, two one-car garages, and under-building storage, adding functionality to its enviable beachfront location. There is over 50 feet of Gulf frontage and a Sea Wall Already in place and the City provides a Beach scraper to keep the beach front view clean and free of debris. Another rare advantage: this property does not back up to Gulf Boulevard, providing a quieter, more private atmosphere with Constitution Park buffering the rear of the property, which has a dog walk, playground and town sponsored cookouts and events for residents. Just steps away, you’ll find the beach trolley, bus stops, local favorites like Candy Kitchen, Coco Wood Grill, Friendly Tavern, and Broke N Board, plus easy access to restaurants, coffee shops, and the famous Beach Pizza. The lot itself, just under a quarter acre (see attached survey), offers impressive development potential. The City of Redington Shores allows underground parking/storage and up to two floors of buildable space, with the potential for a third floor with variance approval. The possibilities are endless: design a spectacular 2,500+ sq. ft. Gulf-front penthouse for your own use while generating income from luxury rental units below, or create a boutique Gulf-front development perfectly tailored for today’s high-end buyers and investors. Possibly two smaller buildings with a variance? All this, while being only 30 minutes to Tampa—home of the Buccaneers, Tampa Bay Lightning, the Rays, fine dining, international shopping, Broadway-caliber theater, and an international airport. Just minutes away, St. Pete offers a vibrant nightlife and its iconic new pier, while Clearwater Beach adds yet another world-class destination to the mix.This is the only 6 bedroom/4 bath condominium between $4,800,000 and $6,200,000 currently listed for sale in this Zip code.