$3,999,900 ($1,164.79 per sqft)

Pending

Est. Mortgage $21,558/mo *

Quick Pre-Approval

12035 Gulf BOULEVARD, Treasure Island, FL, 33706

12035 Gulf BOULEVARD, Treasure Island, FL, 33706

4 beds

1952

3,434 sqft

Auction Property. 10 cap rate! Welcome to Cabanas of Treasure Island, a boutique hotel in the heart of Treasure Island. This recently renovated, licensed hotel features 12 rooms. This hotel is zoned and licensed for daily rentals. There are 3 studios each with 2 queen beds, 4 king bed studios, 4 one-bedroom suites with a kitchenette and additional pull-out sofa with a Tempurpedic sofa mattress in the living area. There is also a private 1 bedroom suite with kitchen for roomier or extended stays. Extensive renovations were completed and the hotel was relaunched in March 2023. Guests are greeted by a custom, locally painted mural inspired by a vintage postcard. The relaxing courtyard beckons guests to lounge and enjoy the Gulf breezes and sunshine. Guests love the plush seating, family games and BBQ grill with picnic table for those who enjoy grilling on vacation. There is ample parking for guests and the rooms feature the convenience of self check-in. Guests love the proximity to the beach across the street. Guests will love the few steps to the sand and multiple restaurants and live music options nearby. Guests will also love the close proximity to John's Pass Village & Boardwalk, Pinellas County's #1 tourist attraction - it's only a 2 minute drive, short trolley ride or 15 minute walk away. Guests will rave over the 100+ merchants with unique retail shops, restaurants, dolphin and fishing tours, boat and jet ski rentals, and parasailing.


Status:

Pending

Type:

Multi-family

Furnished Remarks:

Turnkey

Laundry Remarks:

Laundry Room

Units:

12

Subdivision:

CONEY ISLAND

Garage:

Ground Level, Off Street, Open

Heating:

Wall Units / Window Unit

Cooling:

Wall/Window Unit(s)

Acreage:

0.26

Est. Taxes:

$41,118

Construction

Block, Concrete, Stucco

Utilities

Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected

Lot Description:

Corner Lot, FloodZone, City Lot, Level, Near Public Transit, Sidewalk

Days on Market:

86

Min Lease Term:

No Minimum

MLS #:

U8225820


Community Info

School Info

Walk Score

Yelp


Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH Phone: 727-394-7365