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3 unit condo Waterside at Coquina Key 3 Condos Offered at $846,000 in Saint Petersburg, FL



Investment Highlights
- Water View
- Highly Desirable
Executive Summary
Rare investor opportunity to acquire three income-producing condominiums in the highly sought-after gated waterfront community of Waterside at Coquina Key North, located on the island of Coquina Key in St. Petersburg, Florida. All three first-floor residences feature desirable 2-bedroom, 2-bathroom floor plans with spacious living areas, abundant closet space, and amazing pond views. The package also includes two assigned carports. All units are tenant occupied, offering immediate rental income and strong investment potential in one of Tampa Bay’s most popular waterfront communities. Investors will appreciate the strong rental demand, resort-style lifestyle, and prime location just minutes from downtown St. Petersburg. Residents enjoy an impressive list of amenities including multiple swimming pools, tennis courts, pickleball, fitness center, waterfront yacht club with bar, scenic walking paths, fishing piers, volleyball, basketball courts, and 24-hour gated security. Surrounded by tropical landscaping, canals, dolphins, and manatees, Waterside offers the true Florida island lifestyle tenants are searching for. Conveniently located approximately 25 minutes to Tampa International Airport, 15 minutes to St. Pete–Clearwater International Airport, and only 10 minutes to vibrant downtown St. Petersburg with award-winning dining, shopping, museums, nightlife, waterfront parks, and Gulf beaches nearby. A unique opportunity to secure a multi-unit investment package in a rapidly growing waterfront market with immediate cash flow potential.
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $846,000 | Status | Active |
| Price / SF | $46.17 / SF | Number of Properties | 3 |
| Cap Rate | 6% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 18,324 SF |
| Price | $846,000 |
| Price / SF | $46.17 / SF |
| Cap Rate | 6% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 18,324 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 166 Pompano Dr SE, 1st Floor - Unit A, Saint Petersburg, FL 33705 | Flex Condo | 1,018 SF | 1979 | - |
| 121 Sea Horse Dr SE, Saint Petersburg, FL 33705 | Flex Condo | 1,018 SF | 1979 | - |
| 144 Pompano Dr SE, 1st Floor - Unit A, Saint Petersburg, FL 33705 | Retail Condo | 16,288 SF | 1979 | - |
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3 unit condo Waterside at Coquina Key
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