7465 Bay Island Drive S Unit 112, South Pasadena, FL 33707
- $135,000
- 1
- BD
- 1
- BA
- 765
- SqFt
- Sold Price
- $135,000
- List Price
- $135,000
- Status
- Sold
- Days on Market
- 3
- Closing Date
- Dec 16, 2024
- MLS#
- TB8324466
- Property Style
- Condo
- Year Built
- 1972
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 765
- Total Acreage
- Non-Applicable
- Building Name
- Barbados
- Monthly Condo Fee
- 600
- Legal Subdivision Name
- Bay Island Group 3
- Complex/Comm Name
- Bay Island
- MLS Area Major
- St Pete/South Pasadena/Gulfport/St Pete Bch
Property Description
One or more photo(s) has been virtually staged. Bay Island is a beautiful Gated Community situated close to St Pete Beach, and easily accessible to the exclusive Downtown dining and theatre districts. It features a Multimillion-dollar clubhouse with pool tables, table tennis and a ballroom for social events. Six swimming pools heated in the winter months, spas, Tennis Courts and Pickleball, Tiki Huts for cookouts, lush landscaping and resort style living. This community has never flooded before, until recent hurricane Helene, and there is damage to some of the property that is undergoing an extensive refurbishment that will include remodeling of the affected ground floor units, including this unit. The Association has insurance, and a claim has been filed to refurbish this unit and others, including the assigned Contracting firm providing, new drywall, interior and exterior doors, paint, kitchen appliances, lower cabinets and bath vanities. The reconstruction is underway. This unit had less than two inches of water inside, and was cleaned extensively, for the current tenant who will be vacating by December 15th. Never before has this unit sustained flooding. After that, it will be turned over the Association for the repairs which are being paid from the proceeds of the Flood Insurance claim. The unit will not be available for residency until the work is complete, scheduled for 2025. Currently, the owner has been receiving $2000 monthly from an annual lease. During the winter months, this unit leased for higher. Bay Island does not have a minimum lease restriction other than one resident must be at least 55. This is a 55+ community, easy approval process by the Association is required and easily obtained. Buyer can still choose the finishing repairs at this time, including the new lower kitchen cabinets and countertops, appliances, wall color and trim. When all repairs are complete, this unit is expected to feel like a new unit. Assigned covered parking is just steps from the front door. Pictures are of unit prior to Hurricane Helene. There is a patio attached to the unit. Owner is Realtor. As Is Contract only.
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Additional Information
- Taxes
- $3338
- Minimum Lease
- No Minimum
- HOA Payment Schedule
- Monthly
- Maintenance Includes
- Guard - 24 Hour, Cable TV, Pool, Electricity, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
- Condo Fees
- $600
- Condo Fees Term
- Monthly
- Community Features
- Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Gated Community - Guard, Irrigation-Reclaimed Water, Pool, Sidewalks, Tennis Court(s), Wheelchair Access
- Property Description
- One Story
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
- Floor
- Ceramic Tile
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Range Hood
- Utilities
- Cable Connected, Electricity Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete
- Exterior Features
- Lighting, Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Sprinkler Metered, Tennis Court(s)
- Roof
- Other
- Foundation
- Block
- Pool
- Community, Private
- Pool Type
- Gunite, Heated
- Garage Carport
- 1 Car Carport
- Housing for Older Persons
- Yes
- Water Name
- Intracoastal Waterway
- Water Extras
- Bridges - Fixed, Seawall - Other
- Water View
- Bay/Harbor - Full
- Water Access
- Bay/Harbor
- Water Frontage
- Bay/Harbor, Canal - Saltwater
- Pets
- Allowed
- Pet Size
- Very Small (Under 15 Lbs.)
- Floor Number
- 1
- Flood Zone Code
- AE
- Parcel ID
- 30-31-16-03612-000-1120
- Legal Description
- BAY ISLAND GROUP NO. 3 CONDO APT 112
Listing courtesy of MSD ENTERPRISES INC. 727-642-9332
Selling Office: RICHARD DOYLE REAL ESTATE.Mortgage Calculator
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