MLS: 329518

Description

Price Improved! Welcome to 229 Balboa Street, a stunning, newly renovated beachside retreat located just 800 feet from the Gulf in the highly sought-after, golf cart–friendly community of St. Joe Beach. Now offered at an incredible new price, this turnkey property sits on a rare, oversized 1/2-acre double lot, delivering unmatched space and privacy this close to the water. The Ultimate Outdoor Oasis Step into your private backyard paradise, complete with a brand-new, heated and cooled gunite pool, custom pavers, a privacy fence, and a convenient outdoor shower for rinsing off after a day at the beach. Turnkey Luxury & Proven ROI Sold completely furnished with high-end, professionally curated furniture, this home is ready for immediate enjoyment or continued investment. It operates as a highly successful short-term rental, generating over $80,000 in gross revenue in a single year. Best of all, it sits in a desirable X500 flood zone, meaning most lenders do not require flood insurance. Massive 1,000 Sq. Ft. Detached Garage (ADU Potential) A standout feature of this property is the massive detached garage. Already plumbed for a bathroom, it offers a blank canvas to easily create an Accessory Dwelling Unit (ADU), a private guest house, or the ultimate storage setup for boats, trucks, and beach toys. Whether you are looking for a lucrative, hands-off investment property or a spacious coastal sanctuary, this St. Joe Beach gem offers a rare combination of amenities and value.