12321 Gulf Boulevard, TREASURE ISLAND, FL 33706

Local realty services provided by:ERA Davis & Linn
#1#2#3
12321 Gulf Boulevard,TREASURE ISLAND, FL 33706
$3,500,000
  • 10 Beds
  • 10 Baths
  • 4,846 sq. ft.
  • Multi-family
  • Active
Listed by:evan pedone
Office:engel & volkers madeira beach
MLS#:TB8322059
Source:MFRMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$552.75

About this home

Exciting Update: now a completely renovated hotel! Construction is nearing completion and brand-new stainless steel kitchen appliances will be installed to 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! The Bungalows welcomes investors with an impressive 10 CAP RATE! 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

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Home facts

  • Year built:1948
  • Listing Id #:TB8322059
  • Added:273 day(s) ago
  • Updated:August 15, 2025 at 02:44 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Living area:4,846 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric

Structure and exterior

  • Roof:Metal
  • Year built:1948
  • Building area:4,846 sq. ft.
  • Lot area:0.4 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$552.75
  • Tax amount:$25,102 (2024)
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