$2,395,000
 $13,599 est/mo Sourced by Back At You

12315 Gulf Blvd , TREASURE ISLAND, FL 33706

TREASURE ISLAND, FL 33706

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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.

Details

MLS#TB8322337
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1949
Days On Site59
Listing Provided ByENGEL & VOLKERS MADEIRA BEACH | Evan Pedone

Features

Bed(s)8
Bath(s)8
SQ Feet4,160
Units8
Acreage0.24

Market Activity 33706

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of January 16, 2025 at 10:34:13 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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StateFL
CountyPinellas
CityTREASURE ISLAND
Zip Code33706
Area33706 Pass a Grille Bch | St Pete Bch | Treasure Isl
Community NameCONEY ISLAND
Listing VS Median (in CONEY ISLAND)
Price:
$2,395,000
low | high
Med:
$1,925,000
69.624217118998% of Average
SqFt:
4,160
low | high
Med:
1,629
100% of Average
$ / SqFt:
$576
low | high
Med:
$1,182
55.283236535387% of Average
On Site:
59
low | high
Med:
7.000000
100% of Average
Sourced by Back At You
Listing Updated: January 4, 2025 at 6:05:12 PM PST