3715 42nd Way S, Unit LSt Petersburg, FL 33711Price: $150,000

Attention Investors and those looking for a handyman special! Bermuda Bay Beach and Racquet Club is one of Gulfport's best-kept addresses, a gated waterfront community sitting directly on Boca Ciega Bay with private beach frontage and Intracoastal access right outside the door. The setting reads more resort than residential with mature tropical landscaping, shaded common areas, cabanas by the water, and a lifestyle that rewards people who came to Florida to actually live near it. The community delivers on amenities across the board. Two pools, a heated in-ground spa, tennis courts, racquetball courts, shuffleboard, a golf practice area, a clubhouse, and a playground, all within a secure, gated entrance with manicured grounds and direct beach access on Boca Ciega Bay. Two on-site laundry facilities serve the community, and the Pinellas Trail is close by for cycling, jogging, or a leisurely walk along the coast. This second-floor corner unit is a one-bedroom, one-bath condo with an open floorplan, a living and dining room combination, a generously sized primary bedroom with walk-in closet, and a balcony with southeast exposure overlooking the private beach. It is priced to reflect its current condition and represents a clean canvas for a buyer ready to renovate to their own standard in a location that justifies the investment. The monthly fee of $734 covers cable, internet, water, sewer, trash, pest control, exterior maintenance, grounds, pool maintenance, and the escrow reserves fund, a straightforward cost structure for an owner or investor. Pets are welcome (up to 2, max 20 lbs each), and the minimum lease period is one month, supporting seasonal and short-term rental strategies. The surrounding area adds to the appeal. Gulfport Yacht Club, Mariners Cove Marina, and Clam Bayou Nature Park are all within close reach, alongside the Gulfport Arts District, the beaches of St. Pete Beach, and downtown St. Petersburg, all within fifteen minutes and consistent demand drivers for Pinellas County rental inventory at this price point.