Property Description
Priced below appraised value for immediate equity. The Bungalows renovations are now complete! Enjoy brand-new stainless steel kitchen appliances, new cabinets, floors and furnishings enhance the property’s value. Time is money – no waiting to renovate before renting, secure this income property now to cash in on the summer season! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and all new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun – there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. The property is a two minute walk to Pinellas County’s #1 tourist destination John’s Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here.
Features
: In Ground, Gunite
: Central, Electric
: Central Air
: Storage, Sidewalk, Courtyard, Fence
: Thermostat, Kitchen/Family Room Combo, Stone Counters, Solid Wood Cabinets
: Laundry Room
1
: Public Sewer
: Public, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Address Map
US
FL
Pinellas
Treasure Island
CONEY ISLAND
33706
GULF
12321
BOULEVARD
W83° 13' 13.5''
N27° 46' 42.6''
From Central Ave turn right onto Gulf Blvd. Turn right onto 124 Ave W. Parking spaces on right side of street.
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Additional Information
: Public
3295000
2024-11-18
10
: Slab
: Concrete, Stucco
: Street Lights
6332
Financial
25102
Listing Information
Ashley Pedone
260048703
283504628
ENGEL & VOLKERS MADEIRA BEACH
260042669
283504628
Cash,Conventional
Withdrawn
2025-09-10T17:43:09Z
Stellar
: None
2025-09-08T19:13:04Z
Residential Income For Sale
12321 Gulf Blvd, Treasure Island, Florida 33706
10 Bedrooms
10 Bathrooms
4,846 Sqft
$3,500,000
Listing ID #TB8322059
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : TB8322059
Price : $3,500,000
Bedrooms : 10
Bathrooms : 10
Square Footage : 4,846 Sqft
Year Built : 1948
Lot Area : 0.40 Acre
Property Sub Type : Multi Family
Roof : Metal