600 68TH AVE Active Save Request In-Person Tour Request Virtual Tour
St Pete Beach,FL 33706
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,980 sqft
Price per Sqft $852
Subdivision St Petersburg Beach 1St Add
MLS Listing ID A4618686
Bedrooms 8
Year Built 1949
Annual Tax Amount $61,243
Lot Size 0.370 Acres
Property Description
Income producing property Inn has grossed $1,793,277.68, since opening Feb 2021
Embrace the extraordinary chance to acquire a fully operational, beautifully renovated boutique motel at the heart of St. Pete Beach, acclaimed for its unspoiled splendor and acclaimed as America's top beach by TripAdvisor in 2021. This exclusive resort, featuring 12 meticulously crafted units, each with direct pool access, is a sanctuary of luxury and convenience. The motel comprises 12 versatile units, including a spacious 2- bedroom suite, six elegant 1-bedroom units with full kitchens, four efficient units also with full kitchens, and a charming micro efficiency unit with a mini-fridge. A comprehensive renovation has elevated this property to a 5-star status, with each unit boasting modern mini-split AC systems, polished kitchens with shaker cabinets and granite countertops, and bathrooms with exquisite turquoise tilework. The resort is further enhanced with new interior and exterior paint, contemporary beach-style plank flooring, and updated plumbing and electrical systems. The roof, redone in 2017, and a stylishly remodeled pool area, completed in 2020, add to the property's appeal. The pool area, adorned with majestic Royal Palm trees, offers a lavish setting with ample outdoor furniture, two grills for al fresco dining, and a sun shelf for ultimate relaxation. Each unit has its own beach storage crate, complete with a beach wagon and
chairs, for guest convenience. Just a 3-minute stroll away lies the soft sands of Upham Beach, with beach bikes available for those seeking to explore further. Located on the beach side of Gulf Blvd, this property is a stone's throw from an array of exquisite beachfront dining, bars, shops, and vibrant nightlife. Currently operated as a successful Airbnb, with available financial records, this property holds a valuable motel license for short-term rentals, a significant asset for the new owner. This is more than a property; it's a testament to impeccable taste and a commitment to excellence. A visit is essential to fully appreciate the beauty and opportunity it presents. The property is sold as-is, with potential owner/seller financing on favorable terms. Don't miss out on this unparalleled investment opportunity at St. Pete Beach.
Location
State FL
County Pinellas
Community St Petersburg Beach 1St Add
Interior
Heating Electric
Cooling Mini-Split Unit(s)
Flooring Tile,Vinyl
Laundry Other
Exterior
Exterior Feature Fence,Lighting
Garage Assigned
Pool Gunite,Heated,In Ground,Lighting,Solar Heat
Utilities Available Cable Connected,Electricity Connected,Fiber Optics,Sewer Connected
Waterfront false
View City
Roof Type Other
Building
Lot Description Flood Insurance Required,Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Acceptable Financing Cash,Other,Private Financing Available
Listing Terms Cash,Other,Private Financing Available
Special Listing Condition None