7901 W Gulf Boulevard, Treasure Island, FL 33706

$5,400,000
3,184
SqFt
List Price
$5,400,000
Status
Active
Days on Market
162
MLS#
U8221124
Property Style
Multi-Family
Year Built
1952
Living Area
3,184
Lot Size
10,960
Acres
0.25
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Penguin Cabana Sub
Complex/Comm Name
Sunset Inn & Cottage
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

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).

Additional Information

Taxes
$7886
Minimum Lease
No Minimum
Annual Gross Income
360000
Location
Corner Lot, Flood Insurance Required, FloodZone, City Limits, Near Public Transit, Sidewalk, Paved
Community Features
No Deed Restriction
Interior Layout
Open Floorplan, Solid Surface Counters, Solid Wood Cabinets
Interior Features
Open Floorplan, Solid Surface Counters, Solid Wood Cabinets
Appliances
Microwave, Refrigerator
Utilities
Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Heating
Electric
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Block, Wood Frame
Exterior Features
Courtyard, Outdoor Shower
Roof
Membrane, Shingle
Foundation
Pillar/Post/Pier, Slab
Pool
No Pool
Garage Features
Assigned
Flood Zone Code
AE
Parcel ID
36-31-15-68283-000-0520
Legal Description
PENGUIN CABANA SUB LOT 51

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Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH.

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