$5,500,000
$5,500,000
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6,594 SqFt
SOLD DATE : 03/01/2022
Key Details
Sold Price $5,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,594 sqft
Price per Sqft $834
Subdivision Penguin Cabana Sub
MLS Listing ID U8139396
Sold Date 03/01/22
Construction Status Inspections
HOA Y/N No
Year Built 1955
Annual Tax Amount $12,183
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 80x98
Property Description
Ranked as the #1 hotel in Treasure Island on Trip Advisor, this unique beach vacation rental complex is located just a few steps away from stunning Sunset Beach. This turn-key licensed motel is zoned for daily rentals with 13 units in total. Both the inn rooms and cottages offer luxurious finishes with newly renovated bathrooms & furnishings. This mid-century inn offers 6 inn rooms all with beautiful refinished terrazzo flooring and kitchenettes. Inn rooms 1 and 2 as well as 5 and 6 share an adjoining door and can be converted into a 2 bedroom/2 bath. A second story penthouse suite (The Lookout) is sure to impress with its breathtaking views of the Gulf of Mexico. This large rental has panoramic views of the surf as far as the eye can see on the private upper deck, a king size bedroom, large full kitchen and living room that serves as a second bedroom. Across the courtyard you will find 6 more rentals, a duplex and 4 cottages all with unique names and colors to match the theme. All cottages offer a separate bedroom and livingroom space with full kitchen, granite countertops and brand new retro fridges. The Tandem One & Tandem Two Cottages (duplex named after the owners love for cycling with a bicycle theme inside) offers two one-bedroom, one bath units, a shared courtyard with lush landscaping, gas grills, patio furnishings, tuscan lighting and a tropical outdoor shower. Across the shared courtyard, you will find the other cottages, two one-bedroom one-bath cottages (Vino & Sunkissed), one two-bedroom one-bath (MacDill Cottage) and one two-bedroom two-bath cottages (Stones Throw Cottage). The MacDill & Sunkissed 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. All cottages offer full kitchens with living/dining areas, flatscreen TVs, and WiFi for guests throughout the property. Each inn room & cottage offers a dedicated off street parking spot. The office at the front of the Inn is available to meet guests and offers extra storage and laundry. There is also a separate laundry area for guests and additional storage for beach chairs, umbrellas, and kids' sand toys. Guests love the few steps to the beach, unobstructed Gulf breezes, stunning sunsets and the Sunset Beach time vibe!
Location
State FL
County Pinellas
Community Penguin Cabana Sub
Zoning RM15
Rooms
Other Rooms Den/Library/Office, Storage Rooms
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Window Treatments
Heating Electric, Wall Units / Window Unit
Cooling Mini-Split Unit(s), Wall/Window Unit(s)
Flooring Laminate, Terrazzo, Vinyl
Furnishings Furnished
Fireplace false
Appliance Cooktop, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
Laundry Inside, Laundry Room
Exterior
Exterior Feature Balcony, Gray Water System, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Sidewalk, Storage
Parking Features Assigned, Covered, Ground Level, Guest, Off Street
Community Features Boat Ramp, Fishing, Irrigation-Reclaimed Water, Park, Playground, Boat Ramp, Sidewalks, Water Access
Utilities Available Cable Available, Electricity Connected, Phone Available, Public, Street Lights, Water Connected
View Y/N 1
Water Access 1
Water Access Desc Beach - Public,Gulf/Ocean to Bay
View Water
Roof Type Built-Up,Shingle
Porch Front Porch, Other, Patio
Garage false
Private Pool No
Building
Lot Description Flood Insurance Required, FloodZone, City Limits, Level, Sidewalk, Paved
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with ENGEL & VOLKERS MADEIRA BEACH
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3903 Northdale Blvd Suite 100E, Tampa, FL, 33624, United States
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