Property Description
WATERFRONT VACATION RENTAL POTENTIAL | 1031 EXCHANGE OPPORTUNITY | INCOME-PRODUCING COASTAL PROPERTY | 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 7%+ 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!
Property Features
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Local Schools
Listed By / Shown By
Listed By
Agency Name: ENGEL & VOLKERS MADEIRA BEACH
Agency Contact: 727-394-7365
Shown By
Agent Name: Frances Holland Farnsworth
Agent Phone: (904) 753-1862
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 5,719.56 per month $5,058.44 Principal & Interest $355.17 Property Tax $305.96 Homeowner's InsuranceChange Payment Information
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16129 4th Street E | MLS# TB8452580
This single family home located at 16129 4th Street E, Redington Beach, FL 33708 is currently listed for sale with an asking price of $1,049,000. This property was built in 1955 and has 3 bedrooms and 2 full baths with 1428 sq. ft. 4th Street E is located in the REDINGTON BEACH HOMES 6TH subdivision. Search REDINGTON BEACH HOMES 6TH real estate on fholland.watsonrealtycorp.com today.