5925 Terrace Park Drive N 111St Petersburg, FL 33709

Description

PURCHASE or RENT TO OWN (Lease Purchase). OR Straight rental for $1,790/month. (Listed as a rental see MLS#: TB8530870). A RARE OPPORTUNITY to own a spacious Ground floor, quiet END UNIT CONDO (130 SQ ft Larger Living Area then the other units). Access Ramp from the parking area right to your door! PRICED TO SELL and PRICED BELOW ALL comps here in 5 towns! RENT TO OWN and even OWNER FINANCING are possible (please inquire). 2 Bedroom, 2 Full BATHS - RAISED GROUND Floor, Private COVERED parking spot - Private CORNER home, Screened Lanai, COVERED deeded parking spot (ONLY 17 steps from your front door). Raised ground floor, no stairs and no flooding ever. Make this home your permanent retirement community home today or Secure this property now and make it your Winter retreat. Or make it your rental and generate steady, secure cash flow with a 9% Cap rate (at $2000/mo rent)! This is one of only 4 designated rentals here at Arlington (and an even rarer... only 1 of the 14% rent-able units allowed in this whole 5 Towns community!). You won't find a better value than this private corner unit. With 130 Sq Ft Larger than others, you will have a larger living room and dining area! LEASE PURCHASE TERMS: Option Fee: $5,000. Close within 1 year. Pre-Occupancy Lease: $1680/month. 1st, last and security. With security applied to purchase price at closing. During Pre-occupancy lease, terms are: No Smoking in unit nor on Balcony nor Lanai. Pets allowed as per condo rules. Please inquire for additional terms and requirements. GROUND FLOOR. SPACIOUS and WELL MAINTAINED 2-BED, 2-BATH CORNER CONDO in 5 TOWNS - TERRACE PARK. Plus JUST RECENTLY UPDATED with new kitchen cabinets, counters, lights and appliances! Discover this beautifully maintained ground-floor corner unit in the highly desirable 55+ Terrace Park community at 5 Towns! With pride of ownership throughout, as a corner unit, this spacious 2-bedroom, 2-bathroom condo offers extra living space, with over-sized living room, a lovely screened balcony to enjoy Florida’s beautiful spring nights, and a spacious, primary bedroom with double closets (including 1 walk-in closet!). Enjoy comfort year-round with ceiling fans throughout and a newer A/C unit for efficient cooling. The kitchen features a gas stove, and the gas is included in your maintenance fee—a rare and valuable bonus! If you have a small dog, you’ll love the convenient, rare, private green space right outside—a perfect spot for pets! The community is filled with beautiful park-like vistas and barbecue spaces throughout, perfect for outdoor gatherings. You’ll also have access to six swimming pools, with this unit being conveniently located right across from the largest heated pool with a relaxing jacuzzi! This vibrant and socially active community offers something for everyone, including dances, bingo nights, potluck dinners, tennis courts, billiards, shuffleboard, a fitness room, aerobics and yoga sessions and a card room. Your affordable HOA fee covers cable, internet, HOT water, gas for stove and oven, sewer, and garbage, giving you peace of mind and added savings! Conveniently located near restaurants, shopping, and places of worship, plus just minutes from Bay Pines VA Hospital and only 5 minutes to the beautiful Gulf of Mexico beaches! Don’t miss your chance to own this fantastic condo—schedule your showing today!

Property Information

Property type

Residential

Sub-type

Condominium

Year built

1977

Stories

2

Living area

960 Sq Ft

Lot size

0.80 acres

Ownership

Condominium

Days on market

192

MLS^® Listing#

TB8486819

Property Features

Exterior

Balcony · Rain Gutters

Appliances

Cooktop · Dishwasher · Microwave · Range · Range Hood · Refrigerator

Cooling

Central Air

Heating

Central · Heat Pump

Flooring

Carpet · Ceramic Tile · Vinyl

Fireplace

Electric

Pool

Gunite · Heated · In Ground · Tile

Laundry

Common Area

Patio

Covered · Rear Porch · Screened

Construction

Block · Concrete

Foundation

Block · Slab

Roof

Shingle

Community

Clubhouse

Utilities

Cable Available · Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected · Phone Available · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Rooms

Financial Details

HOA

YesAssociation: Qualified Property Management

Annual taxes

$2,468Tax year 2025

Parcel number

36-30-15-90315-000-1110

Directions

Take 54th Avenue North, head South, 5 Towns and Terrace Park Community will be on your right before reaching Park Street.