$575,000

Sale is for 1 of 4 unit condo building in IRB. Del Mar Condos units all share a similar 2BED/2BATH floor plan, 878sqft each with an open kitchen concept, living room, dining area, in unit washer and dryer, and front covered balconies to enjoy sunset beach views. Enjoy Gulf sunset… Read More views from the third floor balconies. The condo units are operated as a successful STR business with no minimum rental restrictions which results in endless revenue potential for the next owner/operator. All units must be SOLD Together with all furnishings, bedding, indoor& outdoor furniture to operate STR. each unit has its own, VERY HARD TO FIND 2 car tandem garages with front and rear access roll up doors. All units have been renovated in the past to include granite countertops, solid real wood cabinets, newer appliances, newer hot water heaters, flooring, and interior Paint. DEL MAR CONDOMINIUMS sit strategically directly across street from 2 beach access points and walking distance to many venues and dinning on IRB. After a long day on the beach, you can enjoy your time in the tropical oasis backyard gas heated pool and spa that is shared only between 4 units. This property is exempt from local STR ordinances changes impacting Pinellas county & IRB due to its zoning! Buyers inquire to learn more about zoning advantages. Current financials as of 7/2025 show $27,200/month gross revenue avg. NOI of $213K! 9% CAP RATE. Offered below replacement cost when factoring Land and today’s construction cost to rebuild and furnish. This rare turn key opportunity to acquire Four (4) fee simple condominiums in one free standing building across the street from the sugary sands of IRB! Since all units are under the same ownership there are no monthly condo/HOA fees, nor assessments required! Due to 11ft elevation Flood insurance is a fraction of the cost compared to other properties in the area. Hazard insurance is grossly discounted due to all units having newer impact resistant windows and double pane sliding glass doors on all 4 balconies, and a Brand-new shingle roof installed in 9/2022. Over $250K Capital investment improvements from ownership (list available) Property recently completed a clear Phase 1 condo study with no issues or assessments required. schedule an appointment and do not walk the property or speak to guest as this may disqualify you as a buyer. All information in this listing is for informational purposes and buyer(s)/buyer’s agents are responsible for independently verifying any and all information. Read Less

Courtesy of LPT REALTY, LLC

Listing Snapshot

Days Online

Last Updated

Sep 26, 2025

Property Type

Condominium

Beds

Full Baths

Square Ft.

878

Lot Size

0.2 Acres

Year Built

1981

MLS Number

TB8431432

30 Days Snapshot Of 33785

$841k

-7%

(avg) sold price

homes sold

-42%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Building Name Number: 1809, Living Area Meters: 81.57, Room Count: 4, Building Area Total: 878, Building Area Units: Square Feet, Construction Materials: "Frame", Direction Faces: Southwest, Levels: "Three Or More", Living Area: 878, Stories Total: 3, Year Built: 1981

Fees

Condo Fees Term: Monthly

Water Features

Water View: Gulf/Ocean - Partial

Home Owner's Association

Association Fee Requirement: None, Association Fee Includes: "Insurance", "Maintenance Grounds", "Maintenance", "Pool", Association Name: CONDO DEL MAR CONDOMINIUM ASSOCIATION, INC., Association Phone: owner managed

Interior Features

Building Elevator, Furnished: Furnished, Interior Features: "Ceiling Fans(s)", "Kitchen/Family Room Combo", "Living Room/Dining Room Combo", "Open Floorplan"

Lot

Lot Size Square Meters: 797, Total Acreage: 0 to less than 1/4, Features: "Flood Insurance Required", "FloodZone", 0.2 acres, 8574 square feet, Number Of Lots: 1, View: "Water"

Miscellaneous

Number Times per Year: 0

Pets Policy

Number Of Pets: 2, Pet Size: Small (16-35 Lbs.), Pets Allowed: "Cats OK", "Dogs OK", "Size Limit", "Yes"

Property

Property Description: Elevated, Zoning: P1 AND MF

Property Access

Road Surface: "Paved"

Appliances & Equipment

Appliances: "Convection Oven", "Dishwasher", "Disposal", "Electric Water Heater", "Refrigerator"

Community

Community Features: "Buyer Approval Required", "Pool"

Cooling

Cooling: "Central Air"

Exterior Features

Exterior Features: "Balcony", "Outdoor Shower", "Sliding Doors"

Floors

Flooring: "Ceramic Tile", "Laminate", "Wood"

Foundation

Foundation Details: "Stilt/On Piling"

Garage

Attached Garage Yn: t, Garage Spaces: 2

Heating

Heating: "Central"

Laundry

Laundry Features: "Laundry Closet", "Laundry Room"

Parking

Carport Spaces: 2

Pool

Pool Features: "Gunite", "Heated", "In Ground", "Lighting", "Outside Bath Access", Spa Features: "Heated", "In Ground", "Swim Spa"

Roof

Roof: "Shingle"

Sewer

Sewer: "Public Sewer"

Utilities

Utilities: "Cable Connected", "Public", Water Source: "Public"

Windows

Window Features: "Double Pane Windows", "Drapes", "ENERGY STAR Qualified Windows", "Insulated Windows", "Low-Emissivity Windows"

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