Located in the desirable Blind Pass Road corridor of St. Pete Beach, this two-story duplex presents a compelling investment opportunity in one of Florida’s most sought-after coastal markets. The property features two one-bedroom, one-bathroom units, each approximately 736 square feet. The upstairs unit is currently leased, generating immediate income, while the downstairs unit is vacant and in need of renovation, offering substantial upside for the investor willing to upgrade and reposition the asset. Priced at $310,000, the duplex carries a strong value proposition when considering both its existing income stream and its future potential in the short-term rental and long-term residential market. The leased upstairs unit currently produces $1,000 per month, and market analysis supports a potential rental rate of $1,500 per month per unit upon completion of improvements. At full occupancy and stabilization, the projected annual income is approximately $44,000, delivering an anticipated cap rate of nearly 16%, a rare return profile for a property so close to the Gulf Coast’s pristine beaches and vibrant waterfront amenities. Beyond its financial upside, the property benefits from a prime location just steps from the Intracoastal Waterway and minutes from white-sand beaches, boutique shops, restaurants, and entertainment venues that make St. Pete Beach a top-tier destination. This area consistently ranks among Florida’s strongest for tourism-driven occupancy, providing optionality for investors considering short-term rental strategies. Its proximity to downtown St. Petersburg and easy access to major transportation routes further support both tenant demand and property appreciation potential. With its combination of immediate income, strong projected returns, and coastal location appeal, 340 80th Avenue represents an exceptional opportunity for investors seeking cash flow and long-term value in a thriving beach community.