$ 5,400,000
Property Attributes
  • MLS#U8221124
  • TypeIncome
  • CountyPINELLAS
  • AreaPass a Grille Bch-St Pete Bch-Treasure Isl
  • NeighborhoodPenguin Cabana Sub
  • Zip33706
  • StyleMulti Family
  • Year Built1952
  • Taxes$ 7886
  • Price$ 5,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3184
  • Lot Size0.25 Acres
Data Source:
Stellar MLS
Property Description

Ranked as part of the #1 hotel in Treasure Island on Trip Advisor and just steps from Sunset Beach, these 5 ‘Old Florida’ style cottages welcome guests with fresh, bright colored exteriors and interiors with mid century flare. Together with the vacant lot, these 5 buildings offer a unique vacation rental opportunity. Currently zoned for daily rentals. There is 1 duplex and 4 cottages all with unique names and colors. All units are turn-key and offer full kitchens with living/dining areas, flatscreen TVs, and a dedicated off street parking spot. Cabana 1 & 2 (duplex) offers two one-bedroom, one bath units. Across the courtyard, you will find the other cottages, two one-bedroom one-bath cottages (The Blue Lagoon & The Coral Lee), one two-bedroom one-bath (The Captain) and one two-bedroom two-bath cottage (The Gulfview). The Captain & The Coral Lee cottages were barged over from MacDill Air Force Base and were former officer’s quarters prior to finding their home on Sunset Beach after WW2. Almost all units feature new water heaters, new kitchen cabinets, new bathroom vanities and new kitchen appliances. Guests love the few steps to the beach located directly across the street, unobstructed Gulf breezes, stunning sunsets and the Sunset Beach vibe! The newly re-nourished beach will beckon guests to sit back, relax and stay a while. Delicious food and tiki bars are within walking distance. Guests will love the few steps to the sand and multitude of entertainment options close by like dolphin tours, pirate ship tour, and sunset sailing. Guests will also love the close proximity to John's Pass Village & Boardwalk, Pinellas County's #1 tourist attraction- it's only an 8 minute drive or short trolley ride away. Guests will rave over the 100+ merchants with unique retail shops, restaurants, shelling and fishing tours, boat and jet ski rentals, and parasailing. The Sunset Inn, located next door, is willing to act as the rental management company for the new buyer if needed. Also includes a vacant lot for a total of 6 parcels, 5 individual buildings (6 rental units).

Price History
11/18/2023 Listed $5,400,000

General Features

Interior Features Open Floorplan,Solid Surface Counters,Solid Wood Cabinets
Sewer Public Sewer
Heating Electric
Cooling Mini-Split Unit(s)
Utilities Electricity Connected,Phone Available,Public,Sewer Connected,Water Connected
Roof Membrane,Shingle
Appliances Microwave,Refrigerator
Exterior Features Courtyard,Outdoor Shower
Construction Materials Block,Wood Frame
Year Built 1952
Property SubType Multi Family
Tax Year 2022
Percent Ownership Fee Simple
County Pinellas
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Garage Y/N No
Status Active
Directions Take Gulf Blvd south to W. Gulf Blvd. Follow down and turn left onto 79th Ave. Listings is for all 5 buildings.
Buyer Agent Compensation 2.0%-$295
Senior Community Y/N No
Total Units 6
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Lot Size Square Feet 10960
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Gulf
Listing Terms Cash,Conventional
Tax Annual Amount 7886.11
Public Remarks Ranked as part of the #1 hotel in Treasure Island on Trip Advisor and just steps from Sunset Beach,these 5 Old Florida style cottages welcome guests with fresh,bright colored exteriors and interiors
Lease Considered Y/N Yes
Days on Market 62
Standard Status Active
Tax Lot 520
Legal Description PENGUIN CABANA SUB LOT 51
Minimum Lease No Minimum
Water Access Y/N No
Water View Y/N No

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix BOULEVARD
LivingAreaSource Public Records
Living Area Units Square Feet

Exterior Features

Parking Features Assigned
Lot Features Corner Lot,Flood Insurance Required,FloodZone,City Lot,Near Public Transit,Sidewalk
Water Source Public
Lot Size Area 10960
Foundation Details Pillar/Post/Pier,Slab
Number of Buildings 5
Building Area Total 3907
Lot Size Acres 0.25
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Street Paved


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33706

AVG $1.94M
AVG $13,755
AVG 473
Data Provided by Inside Real Estate®
Year Built
AVG 1953