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23544536
23544554

12321 Gulf Blvd, Treasure Island, FL 33706 For Sale

AP
FL SL3462455
Engel & Völkers Madeira Beach
EP
3370730
Engel & Völkers Madeira Beach
Listed by Engel & Völkers Madeira Beach
$3,700,000
413 days on market
Updated 11 days ago

The Bungalows

Details
Property Type Hospitality, Multifamily
Sub Type Hotel, Motel
Units 10
Broker Co-Op Yes
Year Built 1948, 1946, 1951
Year Renovated 2025
Buildings 5
Acreage 0.400
Zoning Resort Facilities Medium (RFM-30)
Parking Spaces 1 per unit
Investment Type Value Add

10 Remodeled Units, Now Renting.

Marketing description

Seller Financing available! The Bungalows renovations are now complete! Enjoy brand-new stainless steel kitchen appliances, new cabinets, floors and furnishings enhance the property’s value. Time is money - no waiting to renovate before renting, secure this income property now to cash in on the summer season! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and all new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun - there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. 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 steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here.

Investment highlights

Investment Highlights

Immediate Income Opportunity – Renovations already complete, currently renting.

Turnkey Income Property – Brand-new stainless steel appliances, cabinets, flooring, furnishings, roofs, HVAC, and water heaters—no delays before generating revenue.

10 Licensed Units + Office – Operating as a boutique hotel with studios, 1BR, and 2BR units, all featuring kitchenettes for extended stays.

Strong Guest Appeal – Freshly resurfaced pool with new equipment, multiple outdoor lounge areas, and direct access from every unit to private outdoor spaces.

Prime Location – Gulf Blvd frontage with crosswalk access, just steps to:

• Treasure Island Beach

• John’s Pass Village & Boardwalk (#1 tourist destination in Pinellas County)

• Boat ramp, jet ski, kayak, and tiki rentals with guest pick-up options.

Flexibility & Growth Potential – 4 buildings on 3 parcels provide options for future redevelopment or repositioning.

Proven Vacation Rental Demand – Boutique hotel charm paired with modern upgrades makes it highly competitive in the short-term rental market.

Guest-Approved Experience – Outdoor games, shaded seating, and relaxing spaces foster glowing reviews and repeat business.

Listing Contacts

AP
FL SL3462455
Engel & Völkers Madeira Beach
EP
3370730
Engel & Völkers Madeira Beach
Listed by Engel & Völkers Madeira Beach

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Additional Information

Name
Ashley Pedone
License
SL3462455
Brokerage
Engel & Völkers Madeira Beach
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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