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
- Swimming Pool:
- In Ground, Gunite
- Heating System:
- Central, Electric
- Cooling System:
- Central Air
- Exterior Features:
- Storage, Sidewalk, Courtyard, Fence
- Interior Features:
- Thermostat, Kitchen/Family Room Combo, Stone Counters, Solid Wood Cabinets
- Laundry Features:
- Laundry Room
- Pool Private Yn:
- 1
- Sewer:
- Public Sewer
- Utilities:
- Public, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Address Map
- Country:
- US
- State:
- FL
- County:
- Pinellas
- City:
- Treasure Island
- Subdivision:
- CONEY ISLAND
- Zipcode:
- 33706
- Street:
- GULF
- Street Number:
- 12321
- Street Suffix:
- BOULEVARD
- Longitude:
- W83° 13' 13.2''
- Latitude:
- N27° 46' 44.1''
- Directions:
- From Central Ave turn right onto Gulf Blvd. Turn right onto 124 Ave W. Parking spaces on right side of street.
- Mls Area Major:
- 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Additional Information
- Water Source:
- Public
- Previous Price:
- 3295000
- On Market Date:
- 2024-11-18
- Number Of Units Total:
- 10
- Foundation Details:
- Slab
- Construction Materials:
- Concrete, Stucco
- Community Features:
- Street Lights
- Building Size:
- 6332
Financial
- Tax Annual Amount:
- 25102
Listing Information
- Co List Agent Full Name:
- Ashley Pedone
- Co List Agent Mls Id:
- 260048703
- Co List Office Mls Id:
- 283504628
- Co List Office Name:
- ENGEL & VOLKERS MADEIRA BEACH
- List Agent Mls Id:
- 260042669
- List Office Mls Id:
- 283504628
- Listing Term:
- Cash,Conventional
- Mls Status:
- Withdrawn
- Modification Timestamp:
- 2025-09-10T17:43:09Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 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
