Under contract-accepting backup offers. 5 Bedroom Penthouse, Corner Unit, Direct Gulf Front, 5 Bedroom - 3 Bath Condominium with 2,550 square feet of Climate-Controlled Living Space - PERFECT 1031 TAX EXCHANGE - First floor of PH Residence #340 Consists of three bedrooms, two baths with 1,675 square feet of living space with 18-foot vaulted ceilings ideal for Artwork. Penthouse offers Large Waterfront Balconies on both sides providing Long-range Gulf views on Beach side and Intracoastal Water views on street side. Ideal for private sunning in the morning or afternoons. A 27-by-10-foot Gulf-front Balcony fronting Primary Bedroom and a 33-by-15-foot great room. Bay window of Dining area & Kitchen provides wonderful Natural Light . Both rear Bedrooms also enjoy a 27 by 5.5-foot balcony. Second floor of condominium has two bedrooms, one bath with almost 900 square feet of living space. Unit conveys with one garage-covered spot and one outside spot. This is the only five-bedroom gulf-front property I know along the gulf side without a $5 million purchase price for a single-family gulf-front home, townhome or new condominium. The beach house is a small private complex with 12 residences in Indian Shores noted for its semi-private beaches due to the narrow topography of the land, see aerial photos. In 2017, complex owners started a $2 million renovation of the building. This was a voted project, not a forced event. New roof, new stairs, new elevator, new restored balconies with glass balustrade railings, new walkway flooring, renewed exterior and new painting. Lastly, new landscaping and a new pool with new beachside outdoor kitchen area. Pool completion date March 2024. Penthouse #340 would make a wonderful family home. A beach house for a large extended family or a full-time residence with a large home office area on second level for a power couple who needs ample homework space. Enjoy the Video including the Floorplans ..Complex has a 30-day minimum rental and small pet OK.