2 Bedroom waterfront condo with a permanently assigned boat slip and dock just around the corner from John’s Pass and 2 blocks form the beach. This condo is completely renovated with new kitchen and bathroom with matching marble counter tops and white shaker cabinets. It is situated on a navigable waterway right around the corner from Johns Pass into the Gulf of Mexico, yet only 2 blocks from the beach! It also comes with a permanently assigned boat slip #7. The condo is in RM15 zoning with minimum 1-7 day. The only restriction is 5 turnovers (6 Guests) per rolling 12 months per City of Treasure Island ordinances. Vacation rental income is very lucrative. A/C and Hot water heater replaced in 2017 and 2020 respectively. You will not find 940 square feet of living space with a dedicated boat slip and heated pool for this price anywhere in Treasure Island!
So starting in 2025, new Florida state law will require condo boards of buildings that are THREE stories or higher to set aside money to cover the cost of future major repairs for major items like plumbing replacement, concrete restoration, impact windows, roofs, et cetera, to figure out just how much money to set aside condo boards are being asked to hire companies to do what’s called a structural reserve study, which analyzes the association’s finances and the potential repair costs. This condo is only 2 stories and is not required to comply with the new law meaning that the reserves will not be forcefully effected and much more desirable than a condo that is Three stories or higher because the risk of assessment is not an issue.
