Address7901 West Gulf Boulevard, TREASURE ISLAND, FL, 33706

Price$5,400,000

  • Income
  • 3,184 SQ FT
  • Built in 1952

Ranked as part of the #1 hotel in Treasure Island on Trip Advisor and just steps from Sunset Beach, these 5 ‘Old Florida’ style cottages welcome guests with fresh, bright colored exteriors and interiors with mid century flare. Together with the vacant lot, these 5 buildings offer a unique vacation rental opportunity. Currently zoned for daily rentals. There is 1 duplex and 4 cottages all with unique names and colors. All units are turn-key and offer full kitchens with living/dining areas, flatscreen TVs, and a dedicated off street parking spot. Cabana 1 & 2 (duplex) offers two one-bedroom, one bath units. Across the courtyard, you will find the other cottages, two one-bedroom one-bath cottages (The Blue Lagoon & The Coral Lee), one two-bedroom one-bath (The Captain) and one two-bedroom two-bath cottage (The Gulfview). The Captain & The Coral Lee cottages were barged over from MacDill Air Force Base and were former officer’s quarters prior to finding their home on Sunset Beach after WW2. Almost all units feature new water heaters, new kitchen cabinets, new bathroom vanities and new kitchen appliances. Guests love the few steps to the beach located directly across the street, unobstructed Gulf breezes, stunning sunsets and the Sunset Beach vibe! The newly re-nourished beach will beckon guests to sit back, relax and stay a while. Delicious food and tiki bars are within walking distance. Guests will love the few steps to the sand and multitude of entertainment options close by like dolphin tours, pirate ship tour, and sunset sailing. Guests will also love the close proximity to John's Pass Village & Boardwalk, Pinellas County's #1 tourist attraction- it's only an 8 minute drive or short trolley ride away. Guests will rave over the 100+ merchants with unique retail shops, restaurants, shelling and fishing tours, boat and jet ski rentals, and parasailing. The Sunset Inn, located next door, is willing to act as the rental management company for the new buyer if needed. Also includes a vacant lot for a total of 6 parcels, 5 individual buildings (6 rental units).

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Essential Information

  • MLS® #U8221124
  • Price$5,400,000
  • Bathrooms0.00
  • Square Footage3,184
  • Acres0.25
  • Price/SqFt$1,696 USD
  • Year Built1952
  • TypeIncome
  • Sub-TypeMulti-Family
  • StatusActive

Community Information

  • Address7901 West Gulf Boulevard
  • SubdivisionPENGUIN CABANA SUB
  • CityTREASURE ISLAND
  • CountyPinellas
  • StateFL
  • Zip Code33706

Area

Pass a Grille Bch/St Pete Bch/Treasure Isl

Interior Features

Open Floorplan, Solid Surface Counters, Solid Wood Cabinets

Lot Description

Corner Lot, Flood Insurance Required, FloodZone, City Limits, Near Public Transit, Sidewalk, Paved

Office

ENGEL & VOLKERS MADEIRA BEACH

Amenities

  • ParkingAssigned

Interior

  • AppliancesMicrowave, Refrigerator
  • HeatingElectric
  • CoolingMini-Split Unit(s)

Exterior

  • Exterior FeaturesCourtyard, Outdoor Shower
  • RoofMembrane, Shingle
  • FoundationPillar/Post/Pier, Slab

Additional Information

  • Date ListedNovember 18th, 2023
  • Days on Market163

Listing Details

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