Active

12315 GULF BLVD

TREASURE ISLAND FL, 33706

$2,395,000


$575.72 per sqft

Active

8 Beds

8 Baths

4,160 sqft

Multi-family

Built in 1949

Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, newer HVAC and new water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. 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 just steps from this property making kayak and water sports a breeze. Kayak, jet ski and floating tiki hut operators routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Additional 10 unit hotel for sale next-door, schedule your tour today.

TB8322337

MLS ID

November 18, 2024

Listed

January 17, 2025

Updated

Map

12315 GULF BLVD
TREASURE ISLAND FL, 33706

Interior Features

Bedrooms

8


Total Bathrooms

8


Interior Features

Eat-in Kitchen, Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters


Laundry Description

Laundry Room


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.24 Acres


Exterior Features

Courtyard, Fence, Irrigation System, Sidewalk, Storage


Roof

Metal


Sewer

Public Sewer

Other Property Details

Area Name

33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl


Taxes

$14,809


Tax Frequency

Annually


Days on Market

60


Association Fee Frequency

Monthly


Garage

No


View

No


County

Pinellas


Municipality

31


Water Source

Public


Pool

No

Listed by ENGEL & VOLKERS MADEIRA BEACH
Listing Contact: 727-394-7365 

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Data last updated 1/17/2025, 5:56 PM UTC

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