$620,000
$644,250
3.8%For more information regarding the value of a property, please contact us for a free consultation.
1,882 SqFt
SOLD DATE : 03/15/2021
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,882 sqft
Price per Sqft $329
Subdivision Isle Of Palms
MLS Listing ID U8106673
Sold Date 03/15/21
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Year Built 1963
Annual Tax Amount $5,979
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 70x105
Property Description
This property has so many options! It could be your new turnkey vacation rental. Or, you could put long-term renters in both units. How about one vacation rental and one long-term tenant? Maybe you would make one your primary residence and lease the other unit to cover your overhead; OR, the second unit could be your attached guest home. It could also easily be converted to a single-family home, as the two units are joined via a doorway to the laundry room that is allocated to the front 2/1 unit. And here is a bonus: ‘The Lucy,' the larger of the two units, has the ability to have a lockout, as the primary bedroom has a private entrance via the bathroom! Caution Alert: This is not a triplex and it is not marketed as such! Estimated annual rental income as 2-long-term units based upon similar units is $50K. As a Vacation Rental, the income is potentially more. This large, delightfully remodeled duplex on Isle of Palms is less than 1000 feet to the soft, white sand of Treasure Island Beach. It has been tastefully updated for today's buyer while retaining many of the desirable attributes of the mid-century era in which it was born. It is offered fully furnished with an eclectic mix of furnishings including several 50's and 60's original pieces mixed in with statement-making contemporary ones. Imagine ‘I Love Lucy' meets ‘The Jetsons!' In fact, we have dubbed the smaller of the two units, “The Desi' and the larger unit, ‘The Lucy.' She was after all the STAR of the show even by Desi's own admission! In this duplex 'The Desi' is a spacious two-bedroom, one bathroom unit, including its own laundry/utility room. The Lucy is a 2-bedroom 2 bathroom unit featuring its own laundry. But it also includes a fantastic air-conditioned Florida room with loads of windows, which could easily be used as a third bedroom. Both units have a designated carport and there is also loads of additional parking. Captains, you can also park your boat trailer here! The property is sporting a brand-new shingle roof, additionally the flat roofs of both carports were also replaced. All windows have been replaced with impact-resistant/hurricane windows. Two new HVAC systems will keep things cool during the summer. Both kitchens have new grey Shaker-style cabinets, granite countertops, sinks and new appliances! The duplex also benefits from new electrical service with separate meters; fabulous updated tropical landscaping, including fig and mango trees; limestone rock accents; reclaimed water and irrigation system; new, full-size washers and dryers and oodles of parking! The living areas and kitchen flooring have been replaced with gleaming high gloss tile and the bedrooms retain their original terrazzo floors, (freshly polished). For this quality remodel, all work was completed with permits as required. Lucille Ball said she would rather regret the things she had done than those she had not! Listen to Lucy! Buy the Beach house! You won't regret it! P.S. Lucy's last words where in response to if she wanted anything were, “I want my Florida Water!” Smart lady!
Location
State FL
County Pinellas
Community Isle Of Palms
Direction E
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Stone Counters, Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Terrazzo, Tile
Furnishings Turnkey
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Exterior
Exterior Feature Irrigation System, Storage
Parking Features Driveway, Off Street, Oversized, Parking Pad
Utilities Available Cable Connected, Public, Sewer Connected, Sprinkler Recycled, Water Connected
Roof Type Membrane,Shingle
Garage false
Private Pool No
Building
Entry Level Multi/Split
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with KELLER WILLIAMS REALTY