Features & Amenities

Interior

  • Other Interior Features

    High Ceilings, Vaulted Ceiling(s)

  • Total Bedrooms

    14

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric, Ductless

  • Pet friendly

    Cats OK, Dogs OK, Yes

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stucco, Frame

  • Other Exterior Features

    Courtyard

  • Parking

    Off Street

  • Pool

    Yes

  • Pool Features

    Gunite, In Ground, Private

  • Waterfront YN

    NO

  • View

    Water

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.45

  • Lot Size(square feet)

    19,450

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $3,750,000

  • Tax Amount

    $61,706

  • Sq. Footage

    4,660

  • Price/SqFt

    $804

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    001

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

Middle School

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Listing Courtesy of Evan Pedone, ENGEL & VOLKERS MADEIRA BEACH

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SELLER FINANCING AVAILABLE! Welcome to the Blue Waters, your perfect beachfront escape vacation rental hotel. Nestled along the stunning Gulf of Mexico, this hotel offers guests an idyllic retreat filled with sun, sand, and endless activities. Situated in the heart of Treasure Island, Blue Waters places you just steps away from pristine white sandy beaches and crystal-clear waters. With 13 units spread out across 13 parcels and already set up as condos, the opportunities abound. The units range from studios, one bedrooms and two bedroom to appeal to all travelers. Renovate and continue operating as a daily rental hotel or explore the future use with the approved six unit townhomes with Gulf views. The units are spread across six cottages and a larger inn building. Ample off street parking makes running this hotel on Sunset Beach a breeze, a rarity for this area. All units feature a kitchenette. The outdoor courtyard area with pool is a highlight of the Blue Waters, where guests can unwind in a serene setting, go for a refreshing dip, lounge under the Florida sun or enjoy barbecues and outdoor dining options, making it easy to savor delicious meals in the warm coastal air. A laundry room is also on site. 

This property appeals to guests who are looking to relax under the sun and explore the vibrant local scene. The prime location provides easy access to water sports, dining, and shopping. Activities such as paddle boarding, parasailing, and jet skiing are close by on both St Pete Beach and Treasure Island. The beach is just steps across the street with beach views available from the property most days.   

The hotel sustained water intrusion from Hurricane Helene. SELLER FINANCING IS AVAILABLE ON PURCHASE AND REPAIR COSTS! Additional information upon request. 

Located in the St Petersburg / Tampa metro area. Serviced by Tampa International Airport, St Pete Clearwater International Airport and Sarasota Bradenton International Airport.

8105 W GULF BOULEVARD

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Related Properties

Own one of Treasure Island's rarest beachfront compounds. Featuring The Pink Flamingo and The Blue Dolphin—two fully renovated Gulf-front homes generating nearly $300,000 in annual gross rental income—this turnkey legacy property offers the perfect blend of luxury living, proven cash flow, and irreplaceable direct beach frontage.    Celebrated for their distinctive 1950s retro coastal theme, The Pink Flamingo and The Blue Dolphin have become iconic beachfront destinations, where vintage Old Florida charm meets modern comfort. Every detail has been thoughtfully designed to capture the nostalgia of a bygone era while providing today's guests with the quality and amenities they expect. The result is a truly memorable experience that has earned nothing but 5-star reviews and a loyal base of repeat visitors who return year after year.    Behind the timeless aesthetic lies a property that has been meticulously updated for peace of mind and long-term value. Both homes feature impact-rated windows and doors, combining enhanced storm protection with energy efficiency, quiet interiors, and abundant natural light—all while preserving their unique character and curb appeal.    With an established rental business, proven financial performance, and nearly $300,000 in annual gross revenue, you'll step into immediate cash flow while enjoying the flexibility to use the property however you choose. Live in one home and rent the other, continue operating both as premier vacation rentals, or create the ultimate multi-generational beachfront retreat for family and friends.    The Pink Flamingo offers spacious accommodations, vibrant retro-inspired décor, and breathtaking Gulf views that make every stay unforgettable. Just steps away, The Blue Dolphin complements the experience with its own distinctive personality and inviting atmosphere, creating the perfect pairing for larger groups, extended families, or dual rental opportunities. Together, they form a one-of-a-kind beachfront compound that simply cannot be replicated.    Step outside and the Gulf of Mexico becomes your backyard. Spend your mornings with coffee overlooking the water, your afternoons with your toes in the sugar-white sand, and your evenings watching spectacular sunsets from your private beachfront oasis. It's the quintessential Florida lifestyle that guests rave about and one that few properties can truly offer.    For investors, the value extends well beyond the real estate itself. You're acquiring an established hospitality business with a proven operating history, exceptional guest satisfaction, and a recognizable identity that sets it apart in a competitive market. The combination of all 5-star ratings, repeat clientele, and turnkey operations provides a solid foundation for continued success from day one.    Perfectly situated in the heart of Treasure Island, you're just minutes from waterfront dining, shopping, boating, entertainment, and John's Pass while still enjoying the privacy and tranquility of direct beachfront living.    Properties offering two separate Gulf-front homes, a proven six-figure income stream, distinctive branding, modern upgrades, and an irreplaceable location are extraordinarily rare. The Pink Flamingo and The Blue Dolphin are more than vacation rentals—they are beloved destinations that blend nostalgia, luxury, and investment potential into one unforgettable opportunity.  Note - There is also a second lot included that is in front of the lot with the houses.
#W7888215

TREASURE ISLAND

12609 SUNSHINE LANE

5 Beds

None Baths

2,028 Sq.Ft.

$3,250,000

MLS#: W7888215

 - property

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