11921 Sunshine Lane, Treasure Island, FL 33706

$2,685,000
5,101
SqFt
List Price
$2,685,000
Status
Active
Days on Market
33
MLS#
U8030648
Property Style
Multi-Family
Year Built
1940
Living Area
5,101
Lot Size
5,057
Acres
0.31
Total Acreage
1/4 Acre to 21779 Sq. Ft.
Legal Subdivision Name
Coney Island
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Rare opportunity to purchase 3 contiguous properties located directly on a beach access path in a Resort Facilities High zoning area of Treasure Island, currently generating short term rental income with multiple opportunities. 1. The property is ideal for an Owner who would like to live at the beach and rent out the remaining units for income. May be possible to increase the number of units from 8 to 11 using the current structures. The property is located in Resort zoning area of the beach to allow for short term rentals, including a minimum of one night stay. 2. Redevelop to a new condo/hotel building and earn income from rentals while in planning stages. Resort Facilities High zoning area of the beach to allow for development of a new condo / hotel. Direct Gulf views begin on 3rd floor. Currently 3 units are occupied by the owner and family, 4 units are in a vacation rental program, and one single family home is undergoing renovations.

Additional Information

Taxes
$12,062
Location
Corner Lot, Flood Insurance Required, Near Public Transit
Community Features
No Deed Restriction
Property Description
Split Level
Zoning
RFH50
Interior Layout
Cathedral Ceiling(s), Eating Space In Kitchen, Window Treatments
Interior Features
Cathedral Ceiling(s), Eating Space In Kitchen, Window Treatments
Floor
Carpet, Ceramic Tile, Engineered Hardwood, Tile
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Water - Multiple Meters
Heating
Electric
Air Conditioning
Central Air
Fireplace
Yes
Exterior Construction
Wood Frame
Exterior Features
Balcony, Fenced, Lighting, Storage
Roof
Shingle
Pool
Private
Pool Type
Gunite, Heated, In Ground, Lighting, Tile
Garage Features
Driveway, Guest, Off Street
Water Access
Beach - Public, Gulf/Ocean
Flood Zone Code
VE
Parcel ID
15-31-15-17784-018-0060
Legal Description
CONEY ISLAND BLK 18, LOT 6 & NE'LY 1/2 OF VAC R/W ADJ ON SW (LYING IN NW 1/4 OF SEC 23-31-15)

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Listing courtesy of VIEWPOINT REALTY INT'L INC.

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