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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
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 -
Show More > < Show Less
  • Listing ID: 40681849

  • Date on Market: 5/27/2026

  • Last Updated:

  • Address: 3 unit condo Waterside at Coquina Key, Saint Petersburg, FL

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