Homes for sale - 12315 GULF BLVD, Treasure Island, FL 33706

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Mari Colgan

mari@maricolgan.com +1(813) 453-7110

$ 2,395,000

Est. payment | -/mo

8 Beds

8 Baths

4,160 SqFt

Save

$ 2,395,000

Est. payment | -/mo

Save

8 Beds

8 Baths

4,160 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $575

Subdivision Coney Island

MLS Listing ID TB8322337

Bedrooms 8

HOA Y/N No

Originating Board Stellar MLS

Year Built 1949

Annual Tax Amount $14,808

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 110x88

Property Description

Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, newer HVAC and new water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located just steps from this property making kayak and water sports a breeze. Kayak, jet ski and floating tiki hut operators routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 10 unit hotel for sale next-door, schedule your tour today.

Location

State FL

County Pinellas

Community Coney Island

Interior

Interior Features Eat-in Kitchen, Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters

Heating Central, Electric

Cooling Central Air

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Courtyard, Fence, Irrigation System, Sidewalk, Storage

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

Roof Type Metal

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by ENGEL & VOLKERS MADEIRA BEACH

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(813) 453-7110

mari@maricolgan.com

12315 GULF BLVD Treasure Island, FL 33706