Waterfront st. petersburg homes - coquina key, riviera bay, shore acres? (Gulfport: apartments, rentals)

[lovetorenovate]

I'm looking for an older home to fix up as a vacation rental and future retirement home for me and my spouse. We'd eventually like to have a boat and our own boat dock, so we plan to buy on a canal. We are looking at some homes in Coquina Key, some on treasure lane/sun isle lane near Riviera bay and also in Shore Acres. We won't have a mortgage so I'm not immediately concerned about flood insurance - although I do worry how that will affect resale down the road. I know the best thing is to spend a few weeks in each area, but we don't have that time due to our work schedules. What are the pros and cons of those areas? I've read that near Coquina Key can be a little sketchy and I have reviewed crime maps for each of these areas.

Or should we forget about having our own boat dock and focus on a neighborhood like old northeast St. Pete and renovate there?

[jambo101]

Coquina Key proper aint a bad area you just have to drive through a sketchy area to get to it..

[Not_liking_FL]

Originally Posted by lovetorenovate

I'm looking for an older home to fix up as a vacation rental and future retirement home for me and my spouse. We'd eventually like to have a boat and our own boat dock, so we plan to buy on a canal. We are looking at some homes in Coquina Key, some on treasure lane/sun isle lane near Riviera bay and also in Shore Acres. We won't have a mortgage so I'm not immediately concerned about flood insurance - although I do worry how that will affect resale down the road. I know the best thing is to spend a few weeks in each area, but we don't have that time due to our work schedules. What are the pros and cons of those areas? I've read that near Coquina Key can be a little sketchy and I have reviewed crime maps for each of these areas.

Or should we forget about having our own boat dock and focus on a neighborhood like old northeast St. Pete and renovate there?

I believe there are some areas of Old Northeast that are out of the flood zones. It might be a good idea to consider that option and rent a slip at the municipal marina downtown for your boat. The marina usually has a wait list.

[lavender]

Be aware that vacation homes have to be in areas where short term letting is allowed - much of residential Pinellas does not allow this. People to ignore it though. I believe there is a 30 day limit generally in Pinellas, but many cities and HOAs override this with longer minimum stays.
Resale on waterfront can be a problem due to flood ins, depends, if its high end, most buyers can afford it, if its a regular home you could be asking for problems, unless you rebuild and make it higher living levels. Nothing better than having your own boat dock, if you have to drive to your boat and get it in and out of marinas, its not the same as having the boat outside your back door. There are many areas along intracoastal that might work too, consider those also.

[lovetorenovate]

Can you show me the regulations that don't permit short term rentals? What I read is that there are laws from 2011 that it can't be locally prohibited and the only issue is paying the proper lodging taxes to the city? I know there's an issue in Gulfport with a previous law (prior to 2011) - but I'm not looking at Gulfport at all. Also I believe all the areas I've mentioned don't have HOAs - so there wouldn't' be any additional restrictions there. But let me know... this is certainly pertinent info for me.

[Roscoe Conkling]

Originally Posted by jambo101

Coquina Key proper aint a bad area you just have to drive through a sketchy area to get to it..

That really depends on where you're coming from and not dissimilar to most American cities.

To the OP - I highly recommend Waterside at Coquina Key South( not to be confused with Waterside at Coquina Key North which is very different) which is a mixture of snowbirds and permanent residents. There are properties available which have boat docks right outside.

You might wish to consider a rental for a while to get the feel of the place.

As for re-sale prices have gone up 20% in the past 18 months.

St Petersburg Condo Rentals waterfront apartments Waterside Coquina Key

[lovetorenovate]

Originally Posted by Roscoe Conkling

That really depends on where you're coming from and not dissimilar to most American cities.

To the OP - I highly recommend Waterside at Coquina Key South( not to be confused with Waterside at Coquina Key North which is very different) which is a mixture of snowbirds and permanent residents. There are properties available which have boat docks right outside.

You might wish to consider a rental for a while to get the feel of the place.

As for re-sale prices have gone up 20% in the past 18 months.

St Petersburg Condo Rentals waterfront apartments Waterside Coquina Key

I've got 45 days to purchase a property or I pay the tax gain on my prior rental property... so I'd really like to buy sooner rather than later and prices do seem to be rising in the area. I want a single family home - not a condo.

[JoeSmith357]

Originally Posted by lavender

Be aware that vacation homes have to be in areas where short term letting is allowed - much of residential Pinellas does not allow this. People to ignore it though. I believe there is a 30 day limit generally in Pinellas, but many cities and HOAs override this with longer minimum stays.
Resale on waterfront can be a problem due to flood ins, depends, if its high end, most buyers can afford it, if its a regular home you could be asking for problems, unless you rebuild and make it higher living levels. Nothing better than having your own boat dock, if you have to drive to your boat and get it in and out of marinas, its not the same as having the boat outside your back door. There are many areas along intracoastal that might work too, consider those also.

I have never heard of this... most of St. Pete, and a good hunk of pinellas is not under HOA covenants of any kind

[KPB]

I think I remember Shore Acres is built kinda low and sometimes has a flood problem, it might just be a few streets in the neighborhood are lower than others. Google "Shore Acres flood problem" and might learn more about it.

[071402]

Originally Posted by Roscoe Conkling

That really depends on where you're coming from and not dissimilar to most American cities.

To the OP - I highly recommend Waterside at Coquina Key South( not to be confused with Waterside at Coquina Key North which is very different) which is a mixture of snowbirds and permanent residents. There are properties available which have boat docks right outside.

You might wish to consider a rental for a while to get the feel of the place.

As for re-sale prices have gone up 20% in the past 18 months.

St Petersburg Condo Rentals waterfront apartments Waterside Coquina Key

Which is which though? Isn't the entire complex Coquina Key Waterside? thanks.