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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 gulfjust minutes to johns 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 stationideal 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 savingsan 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 (13x27)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 johns 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 floridas most desirable beach markets. Schedule your private showing today and secure your next income producing coastal asset!