Listed by SeaCrest Advisors LLC
$3,300,000
10200 Gulf Boulevard
Details
APN 26-31-15-78786-002-0120
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Hotel
Square Footage 3,712
Net Rentable (SqFt) 3,222
Units 7
Beds 7
Broker Co-Op True
Class C
Year Built 1949
Buildings 1
Stories 2
Acreage 0.360
Zoning Resort Facilities High (RFH-50)
Investment Type Redevelopment
Ownership Fee simple
Beach Front Development Site | STR Approved| Ideal RFM 50 Zoning
Marketing description
Seacrest Advisors is pleased to present a rare direct beachfront development site on the Gulf of Mexico in Treasure Island, Florida. Situated on 15,777 SF (130 × 50 ft) with immediate Gulf frontage, this property sits at the heart of one of America's most celebrated beach destinations — just 30 minutes from Tampa International Airport and 20 minutes from downtown St. Petersburg's booming arts and dining district.
The site currently operates as a 7-unit hotel, apartment, and short-term rental property, generating immediate income while a buyer pursues entitlements or redevelopment. With Resort Facilities High (RFH-50) zoning and an RFH Future Land Use designation, the property supports a wide range of high-value uses:
Treasure Island's barrier island geography creates a permanently supply-constrained market — there is no new beachfront land. Pinellas County tourism taxes hit an all-time record in January 2025, and the Tampa Bay metro continues to rank among the fastest-growing markets in the United States. The 1-mile median home value around this property is $765,653, with average household incomes exceeding $133,000.
This is an exceptional opportunity for an out-of-market developer, investor, or owner-user seeking direct Gulf-front exposure in a proven, high-demand tourism corridor.
Seacrest Advisors is pleased to present 10200 Gulf Boulevard — a rare, direct-Gulf beachfront development site in Treasure Island, Florida. With Resort Facilities High (RFH-50) zoning, this ±15,777 SF parcel delivers exceptional flexibility across multiple premium asset classes. Treasure Island sits at the heart of one of America's most beloved beach destinations, within 30 minutes of Tampa International Airport and adjacent to the booming St. Pete/Clearwater corridor generating over $3.1 billion in annual visitor spending.
RFH-50 zoning allows up to 50 units per acre with direct Gulf views. A branded boutique condo-hotel can command $350–$600/night ADR and sustain 75%+ occupancy year-round. Treasure Island's barrier island scarcity severely limits future competing supply — creating durable longterm RevPAR growth for early movers
Short-term rentals are legally permitted and thriving in Treasure Island. A Gulf-front STR complex with 4–6 premium units could generate $200,000–$400,000+ in gross annual rental income. The site's direct Gulf frontage ensures beach access for every unit — the ultimate revenue differentiator in a $3.1B annual tourism market.
Gulf-front residential properties in Treasure Island command $3M–$8M+ per transaction. This parcel supports 1–2 ultra-premium spec homes with direct beach access and Gulf sunset views. With the 1-mile median home value at $765,653, a new beachfront estate will significantly outperform all market comps in this supply-constrained location.
Ground-floor food & beverage (beach bar, café, restaurant) with resort residences or condo-hotel above — capturing day-trip visitor spend AND the premium owner/renter market. This model thrives throughout the Pinellas beach corridor, with Gulf Blvd frontage ensuring constant pedestrian traffic and John's Pass Village drawing 4M+ visitors annually 2 miles north.
Investment highlights
- Hotel, motel, or condo-hotel development
- Short-term vacation rental complex (Tourist Dwellings explicitly permitted in RFH-50)
- Luxury beachfront spec home or boutique condo
- Resort accommodation development
- Permitted Uses: Hotel / Motel / Condo-Hotel (Confirmed: Dwelling, Tourist — Sec. 68- 302)
- Short-Term Vacation Rental (Confirmed: Tourist Dwelling permitted in RFH-50)
- Single-Family Spec Home or Luxury Beachfront Residence (Confirmed: Sec. 68-302)
- Spec Homes or Luxury Boutique Condo (Supported under Dwelling, Residential)
- Resort / Tourist Accommodation Development (Per RFH-50 designation)
- Verify full permitted use list: [email protected] | (727) 547-4575
- Key Demand Drivers: #1 Rated U.S. Beach — TripAdvisor & Condé Nast (Tampa Bay area beaches)
- Tampa Intl Airport: 21M+ annual passengers, 100+ direct domestic routes
- Downtown St. Pete: Michelin-starred restaurants, $4B+ in active development
- Tourism Tax Record: $8.29M in Jan 2025 — highest ever, just 3 months post-hurricane
- 260+ days of sunshine annually — Florida's premier year-round coastal climate
- Boutique Hotel / Condo-Hotel: RFH-50 (Resort Facilities High) — hotel, tourist & residential uses permitted
- Gulf-front hotel ADR: $350–$600/night; 75%+ occupancy year-round
- Year-round demand: snowbirds, destination tourism, corporate travel
- Tampa Bay hotel RevPAR grew 8%+ YOY in 2024 — among FL's strongest Branded flag (Marriott/Hilton/IHG) adds 15–25% RevPAR premium vs. independent
- Luxury Vacation Rental Complex: Legal STR market in Treasure Island — strong regulatory environment
- 4–6 premium Gulf-front STR units: est. $200K–$400K+ gross annual revenue
- Gulf-front STR occupancy: 78–88% annually; peak nightly rates $450–$900
- Pinellas County tourism taxes set all-time record Jan 2025 ($8.29M)
- Beachfront STR is top-performing category on Airbnb & VRBO platforms
- Spec Luxury Residence(S): Gulf-front comp sales in Treasure Island: $3M–$8M+ per transaction
- 1-mile median home value: $765,653 — verified from demographics data
- Barrier island is permanently supply-constrained — no new lots created
- Beachfront appreciation consistently outperforms broader Pinellas market
- Land value = 65–80% of total Gulf-front property value — land IS the asset
- Mixed-use Resort Development: Gulf Blvd: 20,000+ daily traffic — one of FL's top tourist beach corridors
- Dual income: F&B revenues + premium residential/condo-hotel proceeds
- John's Pass Village (2 mi N): 4M+ annual visitors — major anchor
- Comparable Gulf Blvd mixed-use F&B: $500K–$1.5M+ annual revenues
- Phased development possible: launch hotel first, add residences in Phase 2
Listing Contacts
Listed by SeaCrest Advisors LLC
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