122 CORAL AVENUE, Redington Shores, Florida, 33708

Listed by HOMESTEAD ROAD, Heidi Priebe, 952-270-0341, priebeheidi@aol.com

$2,999,999

3,319 Sqft

0.15 Acres

0 ba

#TB8557529

Turn-Key Luxury Coastal Investment | 8-Unit Multi-Family Opportunity!!!Situated less than 450 feet from public beach access, this fully renovated 8-unit multi-family asset is a premier short-term rental opportunity along the Gulf Coast. Zoned Commercial Tourist Facilities (CTF) for approved nightly rentals, the property offers immediate, high-yield passive income. Key Property Upgrades & Features: Comprehensive Renovations: Outfitted with a durable aluminum PVD-plated roof, custom impact-resistant windows, and a fully rewired electrical system with new panels. Upgraded Interiors: Each unit boasts European-style kitchens with quartz countertops and glass backsplashes, paired with modern, spa-inspired bathrooms featuring updated vanities and custom showers. High-Efficiency Comfort: Equipped with Stiebel tankless water heaters, mini-split A/C systems in 7 units, and sustainable Cali bamboo plank flooring. Extensive Exterior Upgrades: Features permeable paver ground coverage, fresh stucco with advanced lathe, and dedicated power already run for a 12-person courtyard hot tub (with ample space to add a pool or full spa). Prime Beachside Location: Includes 8 on-site parking spaces and is located within steps of local dining, shopping, and nightlife. Fully furnished, impeccably maintained, and optimized for short-term rental performance.

PROPERTY FEATURES

Utilities : Water Connected
Water Access : 1
Sewer : Public Sewer
Garage Spaces: 0
Lot Features : Corner Lot, Flood Insurance Required, FloodZone, Sidewalk, Paved
Road Surface Type : Paved
Roof : Metal