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Under contract-accepting backup offers. WATERFRONT VACATION RENTAL POTENTIAL | 1031 EXCHANGE OPPORTUNITY | INCOME-PRODUCING COASTAL PROPERTY | PROJECTED 12.3% CAP RATE Looking for a high-performing short-term rental, 1031-Exchange replacement property, or a home with income potential? This Redington Beach waterfront home delivers the ideal combination of cash flow, appreciation, and personal-use flexibility. Situated on an EXCEPTIONALLY WIDE deep-water canal, this fully updated property offers direct boating access to the Intracoastal Waterway and the Gulf"”just minutes to John's Pass. A private dock (full replacement 2022) and well-maintained seawall (full replacement 2003) make this a turnkey option for boating enthusiasts and vacation guests alike. Inside, the open-concept floor plan is designed for both entertaining and maximizing rental appeal. The renovated kitchen features granite countertops, custom cabinetry, a large breakfast bar, and dedicated beverage station"”ideal for hosting guests. Both bathrooms have been tastefully updated with modern, spa-inspired finishes. Major upgrades include a metal roof (2017), hurricane-impact windows (2022), and storm shutters, offering durability and potential insurance advantages. Solar panels (assumable, low monthly cost) provide energy efficiency and long-term savings"”an attractive feature for investors focused on operating margins. Step outside to a private tropical oasis complete with a saltwater pool (installed 2017), low-maintenance xeriscape landscaping, and a spacious covered waterfront patio (13'x27')"”perfect for outdoor dining and sunset views that drive strong guest satisfaction. Located in Redington Beach, a vacation rental-friendly community, this property is ideally positioned between Clearwater Beach and St. Pete Beach, with convenient access to dining, shopping, and entertainment at John's Pass Village. Projected 13% cap rate with strong short-term rental income potential. Ideal for 1031-Exchange buyers seeking passive income and long-term appreciation, with the added benefit of personal-use flexibility. This is a rare opportunity to acquire a turnkey waterfront investment property in one of Florida's most desirable beach markets. Schedule your private showing today and secure your next income-producing coastal asset!
| DAYS ON MARKET | 164 | LAST UPDATED | 4/25/2026 |
|---|---|---|---|
| TRACT | REDINGTON BEACH HOMES 6TH ADD | YEAR BUILT | 1955 |
| COMMUNITY | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores | GARAGE SPACES | 1.0 |
| COUNTY | Pinellas | STATUS | Pending |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Bauder Elementary-PN |
|---|---|
| Jr. High School | Seminole Middle-PN |
| High School | Seminole High-PN |
| PRICE HISTORY | |
| Prior to Dec 22, '25 | $1,099,999 |
|---|---|
| Dec 22, '25 - Jan 27, '26 | $1,099,000 |
| Jan 27, '26 - Mar 24, '26 | $1,075,000 |
| Mar 24, '26 - Today | $1,049,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer |
| AREA | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| CONSTRUCTION | Block, Stucco |
| EXTERIOR | Dock, Lighting |
| GARAGE | Yes |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Crown Molding, Open Floorplan, Stone Counters |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Cul-de-sac, Waterfront |
| LOT DIMENSIONS | 60x115 |
| PARKING | Driveway, Garage Door Opener, Off Street, Attached |
| POOL | Yes |
| POOL DESCRIPTION | Fiberglass, Heated, In Ground, Salt Water, Private |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Florida, Key West, Ranch |
| SUBDIVISION | REDINGTON BEACH HOMES 6TH ADD |
| TAXES | 4262 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Water |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
MORTGAGE CALCULATOR
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Listing provided by David Christ, Jr., ENGEL & VOLKERS MADEIRA BEACH, 727-394-7365
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/14/26 7:02 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.