WATERFRONT VACATION RENTAL POTENTIAL | 1031 EXCHANGE OPPORTUNITY | INCOME-PRODUCING COASTAL PROPERTY | PROJECTED 12.3% CAP RATE Looking for a high-performing short-term rental, 1031-Exchange replacement property, or a home with income potential? This Redington Beach waterfront home delivers the ideal combination of cash flow, appreciation, and personal-use flexibility. Situated on an EXCEPTIONALLY WIDE deep-water canal, this fully updated property offers direct boating access to the Intracoastal Waterway and the Gulf—just minutes to John’s Pass. A private dock (full replacement 2022) and well-maintained seawall (full replacement 2003) make this a turnkey option for boating enthusiasts and vacation guests alike. Inside, the open-concept floor plan is designed for both entertaining and maximizing rental appeal. The renovated kitchen features granite countertops, custom cabinetry, a large breakfast bar, and dedicated beverage station—ideal for hosting guests. Both bathrooms have been tastefully updated with modern, spa-inspired finishes. Major upgrades include a metal roof (2017), hurricane-impact windows (2022), and storm shutters, offering durability and potential insurance advantages. Solar panels (assumable, low monthly cost) provide energy efficiency and long-term savings—an attractive feature for investors focused on operating margins. Step outside to a private tropical oasis complete with a saltwater pool (installed 2017), low-maintenance xeriscape landscaping, and a spacious covered waterfront patio (13’x27’)—perfect for outdoor dining and sunset views that drive strong guest satisfaction. Located in Redington Beach, a vacation rental-friendly community, this property is ideally positioned between Clearwater Beach and St. Pete Beach, with convenient access to dining, shopping, and entertainment at John’s Pass Village. Projected 13% cap rate with strong short-term rental income potential. Ideal for 1031-Exchange buyers seeking passive income and long-term appreciation, with the added benefit of personal-use flexibility. This is a rare opportunity to acquire a turnkey waterfront investment property in one of Florida’s most desirable beach markets. Schedule your private showing today and secure your next income-producing coastal asset!
Sold for $985,000
$985,000
16129 4th St E, Redington Beach, FL 33708
3beds
1,428sqft
Single Family Residence
Built in 1955
6,900 Square Feet Lot
$980,400 Zestimate®
$690/sqft
$3,281 Estimated rent
Home value
$980,400
$931,000 - $1.03M
$3,281/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listing Provided by:
David Christ, Jr. 727-492-6672,
ENGEL & VOLKERS MADEIRA BEACH 727-394-7365,
Joshua Howard 727-851-0142,
ENGEL & VOLKERS MADEIRA BEACH
Bought with:
Greg Steiniger, 3314181
EXP REALTY LLC
Source: Stellar MLS,MLS#: TB8452580
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: En Suite Bathroom, Shower No Tub, Dual Closets
- Level: First
- Area: 143 Square Feet
- Dimensions: 11x13
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 143 Square Feet
- Dimensions: 11x13
Balcony porch lanai
- Level: First
- Area: 351 Square Feet
- Dimensions: 13x27
Dining room
- Features: Ceiling Fan(s)
- Level: First
- Area: 110 Square Feet
- Dimensions: 10x11
Kitchen
- Features: Breakfast Bar, Granite Counters
- Level: First
- Area: 132 Square Feet
- Dimensions: 11x12
Living room
- Features: Built-In Shelving, Ceiling Fan(s)
- Level: First
- Area: 143 Square Feet
- Dimensions: 11x13
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Inside, Laundry Room
Features
- Built-in Features, Ceiling Fan(s), Crown Molding, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters
- Flooring: Porcelain Tile
- Doors: Sliding Doors
- Windows: Window Treatments, Hurricane Shutters, Hurricane Shutters/Windows
- Has fireplace: No
Interior area
- Total structure area: 2,261
- Total interior livable area: 1,428 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Garage Door Opener, Off Street
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch, Rear Porch
- Exterior features: Irrigation System, Lighting
- Has private pool: Yes
- Pool features: Fiberglass, Heated, In Ground, Salt Water
- Fencing: Vinyl
- Has view: Yes
- View description: Water, Canal, Intracoastal Waterway
- Has water view: Yes
- Water view: Water,Canal,Intracoastal Waterway
- Waterfront features: Canal - Saltwater, Canal Front, Intracoastal Waterway, Saltwater Canal Access, Intracoastal Waterway Access, Bridges - No Fixed Bridges, Lift, Sailboat Water, Seawall
- Frontage length: Canal: 60
Lot
- Size: 6,900 sqft
- Dimensions: 60 x 115
- Features: Cul-De-Sac, Flood Insurance Required, FloodZone, In County, Street Dead-End
- Residential vegetation: Trees/Landscaped
Details
- Parcel number: 043115739620010240
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida,Key West,Ranch
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Metal
Condition
- Completed
- New construction: No
- Year built: 1955
Utilities & green energy
- Electric: Photovoltaics Third-Party Owned
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Available, Sewer Connected, Sprinkler Recycled, Street Lights
Green energy
- Energy efficient items: Windows
- Energy generation: Solar
- Indoor air quality: Ventilation
- Water conservation: Irrigation-Reclaimed Water, Low-Flow Fixtures, Xeriscape
Community & neighborhood
Location
- Region: Redington Beach
- Subdivision: REDINGTON BEACH HOMES 6TH ADD
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $985,000-6.1%$690/sqft |
Source:  Stellar MLS #TB8452580 Report a problem | ||
| 5/22/2026 | Pending sale | $1,049,000$735/sqft |
Source:  Engel & Volkers #TB8452580 Report a problem | ||
| 5/21/2026 | Listed for sale | $1,049,000$735/sqft |
Source: Engel & Volkers #TB8452580 Report a problem | ||
| 4/26/2026 | Pending sale | $1,049,000$735/sqft |
Source: Stellar MLS #TB8452580 Report a problem | ||
| 3/24/2026 | Price change | $1,049,000-2.4%$735/sqft |
Source: Stellar MLS #TB8452580 Report a problem | ||
| 1/27/2026 | Price change | $1,075,000-2.2%$753/sqft |
Source: Stellar MLS #TB8452580 Report a problem | ||
| 12/22/2025 | Price change | $1,099,000-0.1%$770/sqft |
Source: Stellar MLS #TB8452580 Report a problem | ||
| 12/1/2025 | Listed for sale | $1,099,999$770/sqft |
Source: Stellar MLS #TB8452580 Report a problem | ||
| 9/23/2025 | Listing removed | $1,099,999$770/sqft |
Source: Stellar MLS #TB8401925 Report a problem | ||
| 8/8/2025 | Price change | $1,099,999-2.2%$770/sqft |
Source: Stellar MLS #TB8401925 Report a problem | ||
| 7/8/2025 | Listed for sale | $1,125,000+262.9%$788/sqft |
Source: Stellar MLS #TB8401925 Report a problem | ||
| 12/6/2001 | Sold | $310,000+98.7%$217/sqft |
Source: Public Record Report a problem | ||
| 10/28/1996 | Sold | $156,000+20%$109/sqft |
Source: Public Record Report a problem | ||
| 9/15/1993 | Sold | $130,000$91/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,582 +1.2% | $348,183 +3% |
| 2023 | $4,528 +7.1% | $338,042 +6.9% |
| 2022 | $4,229 -2.1% | $316,270 +3% |
| 2021 | $4,318 0% | $307,058 +1.4% |
| 2020 | $4,319 +1.6% | $302,819 +2.3% |
| 2019 | $4,253 | $296,011 +2.8% |
| 2018 | $4,253 +2.2% | $288,075 +2.1% |
| 2017 | $4,162 +1.1% | $282,150 +2.1% |
| 2016 | $4,117 -2.5% | $276,347 +0.7% |
| 2015 | $4,224 +0.4% | $274,426 +0.8% |
| 2014 | $4,207 +0.4% | $272,248 +1.5% |
| 2013 | $4,191 +1.9% | $268,225 +1.7% |
| 2012 | $4,112 | $263,741 +3% |
| 2011 | -- | $256,059 -10.6% |
| 2010 | -- | $286,464 -15.8% |
| 2009 | -- | $340,244 -0.7% |
| 2008 | $5,344 | $342,647 +3% |
| 2007 | -- | $332,667 -13.5% |
| 2005 | -- | $384,800 +18.5% |
| 2004 | $5,470 +1.5% | $324,600 +8.1% |
| 2003 | $5,391 +120.4% | $300,200 +19.7% |
| 2002 | $2,446 | $250,700 +34.4% |
| 2001 | $2,446 +4.2% | $186,600 +14.5% |
| 2000 | $2,348 | $162,900 |
Find assessor info on the county website
Neighborhood: 33708
Nearby schools
GreatSchools rating
- 9/10Bauder Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 6/10Seminole Middle SchoolGrades: 6-8Distance: 2.5 mi
- 4/10Seminole High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Bauder Elementary-PN
- Middle: Seminole Middle-PN
- High: Seminole High-PN
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$980,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$980,400
- Florida
- Pinellas County
- Redington Beach
- 33708
- 16129 4th St E