9921 Gulf Boulevard, Treasure Island, FL 33706

$2,950,000
2,328
SqFt
List Price
$2,950,000
Status
Active
Days on Market
4
MLS#
T3525965
Property Style
Hotel/Motel
Year Built
1970
Living Area
2,328
Lot Size
4,661
Acres
0.11
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Boca Ciega Pass Sub
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community. This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projected annual NOI ranges from nearly $250,000 to $312,000, with cap rates of 8%-10% or potentially higher. Proforma has been carefully & conservatively estimated with assistance of property management company, available upon request. This property is poised to deliver exceptional returns with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area. No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability. Boasting four exquisite 640 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner. Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg’s vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out—schedule your private tour today!

Additional Information

Taxes Annual
$11398
Location
Landscaped, Near Public Transit
Community Features
Beach Area, Sidewalks, No Deed Restriction
Property Description
Two Story
Zoning
RFM-30
Floor
Luxury Vinyl, Tile
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Utilities
Public, Water Connected
Heating
Central
Air Conditioning
Central Air, Zoned
Exterior Construction
Block, Stucco
Roof
Membrane
Foundation
Slab
Pool
No Pool
Garage Features
Parking Spaces - 6 to 12
Water View
Bay/Harbor - Partial, Gulf/Ocean - Partial
Flood Zone Code
AE
Parcel ID
26-31-15-09630-000-0200
Legal Description
BOCA CIEGA PASS SUB LOT 20 LESS ST

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Listing courtesy of THE RAND WILSON GROUP.

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