$88,500
About this home
Turnkey Investment Opportunity! This beautifully updated 1-bedroom, 1-bathroom condo offers the perfect combination of modern updates and immediate rental income. The unit is currently leased for $1,450/ month through July 31st 2027, providing a reliable income stream from day one. Recent improvements include new luxury flooring in the bedroom and fresh interior paint (2025), Weather Tite hurricane-impact windows (2022), a new A/C system (2023), and an updated kitchen featuring newer appliances. These thoughtful upgrades make this home both attractive to tenants and low maintenance for the next owner. An added bonus for investors is that the HOA fee was reduced beginning in January 2026, helping improve the property's overall affordability and long-term investment potential. Whether you're looking to expand your investment portfolio or purchase a move-in-ready condo with future flexibility, this property checks all the boxes. Conveniently located just minutes from the Skyway Marina District, downtown St. Petersburg, Gulf beaches, shopping, dining, and major highways, you'll enjoy easy access to everything the area has. This is a rare opportunity to own a well-maintained, income-producing property in one of St. Petersburg's growing areas. With a stable tenant already in place, recent capital improvements completed, lower HOA fees, and major system updates already taken care of, this condo is an excellent addition to any investment portfolio or a smart purchase for a future owner-occupant.
Property details
- MLS
- Stellar MLS
- MLS #
- MFRTB8526752
- Property type
- Condominium
- Subdivision
- WAVE THE CONDO
- Status
- Active
- Days on market
- 21
- On market date
- July 8, 2026
- Stories
- N/A
- Total bathrooms
- 1
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 432
- Student:teacher ratio
- 12.3:1
- District
- PINELLAS
- Enrollment
- 796
- Student:teacher ratio
- 18.5:1
- District
- PINELLAS
- Enrollment
- 81
- District
- PINELLAS
Walkability
Blended score for ST PETERSBURG's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in ST PETERSBURG, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated July 29, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.