8301 W Gulf Boulevard, Treasure Island, FL 33706
Local realty services provided by:ERA Advantage Realty, Inc.
Listed by: shawn dunn
Office: gulfside realty sales
MLS#:TB8464657
Source:MFRMLS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$520.72
About this home
This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation(1 month minimum 5 times per year), where projected returns could increase to approximately 7–9%(PRO FORMA AVAILABLE). This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building
*Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent.
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Home facts
- Year built:1947
- Listing ID #:TB8464657
- Added:69 day(s) ago
- Updated:March 27, 2026 at 01:53 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Flooring:Ceramic Tile, Luxury Vinyl, Wood
- Kitchen Description:Convection Oven, Dishwasher, Microwave, Refrigerator
- Bedroom Description:Walk-In Closet(s)
- Living area:2,871 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1947
- Building area:2,871 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Landscaped, Near Public Transit, Paved
- Construction Materials:Block
- Exterior Features:Awning(s), Lighting, Patio, Rain Gutters, Rear Porch
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$520.72
- Tax amount:$13,587 (2025)
Features and amenities
- Appliances:Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:BB/HS Internet Available, Built-In Features, Ceiling Fans(s), Walk-In Closet(s)
- Pool features:Public Pool
Parking
- Parking description:Guest, Open
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