600 68th Avenue, St Pete Beach, FL 33706

$5,100,000
8
BD
5,980
SqFt
List Price
$5,100,000
Status
Active
Days on Market
92
Price Change
▼ $300,000 1709347485
MLS#
T3500748
Property Style
Multi-Family
Year Built
1949
Bedrooms
8
Living Area
5,980
Lot Size
16,000
Acres
0.37
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
St Petersburg Beach 1st Add
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Embrace the extraordinary chance to acquire a fully operational, beautifully renovated boutique motel at the heart of St. Pete Beach, acclaimed for its unspoiled splendor and acclaimed as America's top beach by TripAdvisor in 2021. This exclusive resort, featuring 12 meticulously crafted units, each with direct pool access, is a sanctuary of luxury and convenience. The motel comprises 12 versatile units, including a spacious 2-bedroom suite, six elegant 1-bedroom units with full kitchens, four efficient units also with full kitchens, and a charming micro efficiency unit with a mini-fridge. A comprehensive renovation has elevated this property to a 5-star status, with each unit boasting modern mini-split AC systems, polished kitchens with shaker cabinets and granite countertops, and bathrooms with exquisite turquoise tilework. The resort is further enhanced with new interior and exterior paint, contemporary beach-style plank flooring, and updated plumbing and electrical systems. The roof, redone in 2017, and a stylishly remodeled pool area, completed in 2020, add to the property's appeal. The pool area, adorned with majestic Royal Palm trees, offers a lavish setting with ample outdoor furniture, two grills for al fresco dining, and a sun shelf for ultimate relaxation. Each unit has its own beach storage crate, complete with a beach wagon and chairs, for guest convenience. Just a 3-minute stroll away lies the soft sands of Upham Beach, with beach bikes available for those seeking to explore further. Located on the beach side of Gulf Blvd, this property is a stone's throw from an array of exquisite beachfront dining, bars, shops, and vibrant nightlife. Currently operated as a successful Airbnb, with available financial records, this property holds a valuable motel license for short-term rentals, a significant asset for the new owner. This is more than a property; it's a testament to impeccable taste and a commitment to excellence. A visit is essential to fully appreciate the beauty and opportunity it presents. The property is sold as-is, with potential owner/seller financing on favorable terms. Don't miss out on this unparalleled investment opportunity at St. Pete Beach.

Additional Information

Taxes
$63794
Location
Flood Insurance Required, FloodZone, City Limits, Sidewalk
Community Features
No Deed Restriction
Interior Layout
Built-in Features, Ceiling Fans(s), Dry Bar, Eat-in Kitchen, Window Treatments
Interior Features
Built-in Features, Ceiling Fans(s), Dry Bar, Eat-in Kitchen, Window Treatments
Utilities
Electricity Available, Water Connected
Heating
Solar
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Block
Exterior Features
Fence, Lighting, Outdoor Grill, Sidewalk
Roof
Shingle
Foundation
Slab
Pool
Private
Pool Type
In Ground
Garage Features
Assigned, Guest, Open, Reserved
Flood Zone Code
AE
Parcel ID
36-31-15-78336-004-0280
Legal Description
ST PETERSBURG BEACH 1ST ADD BLK 4, LOTS 28, 29 & 30 & SW'LY 1/2 OF VAC ALLEY ADJ ON NE

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Calculator source: Real Geeks

Listing courtesy of LPT REALTY.

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