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31699671
31699679

523 72nd Ave, St. Pete Beach, FL 33706

Compass
Listed by Compass
$4,875,000
64 days on market
Updated 64 days ago

Park Shore Boutique & Park Shore Suites

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 8,137
Keys 19
Beds 19
Cap Rate 5.43%
NOI $264,779
Occupancy 100%
Pro-Forma Cap Rate 6.46%
Pro-Forma NOI $315,000
Price per SqFt $599
Broker Co-Op Yes
Year Built 1947 | 1966 | 1983
Year Renovated 2024
Buildings 3
Stories 2
Acreage 0.440
Zoning CC-2
Investment Type Stabilized
Occupancy Date 04/15/2026

Hospitality | 19 Keys + 1 RV | Completely Turn Key

Marketing description

Introducing the Park Shore Boutique & Park Shore Suites—a meticulously assembled 19-unit hospitality offering just steps from the sugar-white sands, providing a rare opportunity to acquire a fully operational, design-forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12-unit Park Shore Boutique, delivering stable, long-term income through thoughtfully designed unfurnished residences, and the 7-unit Park Shore Suites, a fully furnished, high-performing short-term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annually—with zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort-style pool environment, creating a boutique hospitality experience that rivals larger-scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scale—offering a truly plug-and-play investment for the sophisticated hotelier. For the portfolio buyer, this is not a project—it’s a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world-class dining, entertainment, and the Gulf’s iconic shoreline, this offering delivers both lifestyle prestige and institutional-grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisition—refined, complete, and ready to perform from day one.

Investment highlights

Turnkey Coastal Hospitality—Refined, Stabilized, and Ready to Perform.

Listing Contacts

Compass
Listed by Compass

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$264,779.00
$22,064.92/mo

Valuation Metrics

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DSCR
5.43%
Cap Rate
5.43%
ROI

Map

Zoning

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CC-2 CommercialSpecial CommercialCommercial Corridor Gulf Boulevard
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View all 27 uses
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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