Address
12035 Gulf BOULEVARD, TREASURE ISLAND, FL
Price
$ 3,999,900
Property Attributes
  • MLS#U8225820
  • TypePending
  • CountyPINELLAS
  • CityTREASURE ISLAND
  • AreaPass a Grille Bch-St Pete Bch-Treasure Isl
  • NeighborhoodConey Island
  • Zip33706
  • StyleMulti Family
  • Year Built1952
  • Taxes$ 41118
  • Price$ 3,999,900
  • Bedrooms4
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage3434
  • Lot Size11,326 SqFt
Data Source:
Stellar MLS
Property Description

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.

Price History
1/8/2024 Listed $3,999,900

General Features

Interior Features Ceiling Fans(s)
Sewer Public Sewer
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Utilities Cable Available,Electricity Connected,Phone Available,Public,Sewer Connected,Street Lights,Water Connected
Roof Shingle
Exterior Features Courtyard,Fenced,Outdoor Grill,Sidewalk,Storage
Construction Materials Block,Concrete,Stucco
Year Built 1952
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
County Pinellas
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name CONEY ISLAND
Garage Y/N No
Status Pending
Directions Central Ave west over the Treasure Island Causeway. Right onto Gulf Blvd. Motel between 120 and 121st Ave on right.
City TREASURE ISLAND
Buyer Agent Compensation 2.5%-$295
Senior Community Y/N No
Total Units 12
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Lot Size Square Feet 11616
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Gulf
Listing Terms Cash,Conventional
Tax Annual Amount 41118
Public Remarks 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 an
Lease Considered Y/N Yes
Virtual Tour https://realestate.febreframeworks.com/videos/6c1d1647-dfcd-414f-b8a2-b9ee86268ac2
Days on Market 86
Standard Status Pending
Tax Lot 4
Legal Description CONEY ISLAND BLK 17,LOTS 4,5 AND 6 LESS RD (SEE N23-31-15)
Minimum Lease No Minimum

Interior Features

Furnished Y/N Turnkey
Common Walls Corner Unit
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix BOULEVARD
Laundry Features Laundry Room
Total Bedrooms 4
LivingAreaSource Public Records
Total Baths 12
Living Area Units Square Feet

Exterior Features

Parking Features Ground Level,Off Street,Open
Lot Features Corner Lot,FloodZone,City Lot,Level,Near Public Transit,Sidewalk
Water Source Public
Lot Size Area 11616
Foundation Details Slab
Number of Buildings 1
Building Area Total 4314
Lot Size Acres 0.26
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Street Paved
Open Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33706

Price
AVG $1.12M
$4M
Taxes
AVG $8,571
$41,118
Visits
AVG 566
738
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1952

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