Sergina Betancur - Coldwell Banker Ackley
8541 W Gulf Boulevard
TREASURE ISLAND, FL 33706

Description

ATTENTION DEVELOPERS AND INVESTORS! Located on SUNSET BEACH, the southernmost jewel of Treasure Island! This prime property is ready for redevelopment. Nestled in a residential beach town neighborhood and across a 2 lane road to the Gulf of Mexico and miles of beach to wander. RARELY do you find a parcel this large on Sunset Beach. WATERFRONT LOCATION WITH 80' OF SEAWALL on a protected lagoon off Blind Pass Waterway and no bridges to the Gulf of Mexico. DREAM TOWNHOME/CONDOMINIUM DEVELOPMENT POTENTIAL. Property currently consists of 9 unit motel/apartments with pool and dock. List price is appropriate for redevelopment and not reflected in current rental income. Currently zoning allows for short term rentals; but redevelopment triggers reverting to RM-15 (Residential Medium 15 units per acre) and 5 leases maximum per year per unit/condo/home.

Details

MLS#U8021495
Sub-TypeResale
StatusActive
Year1949
Days On Site58

Features

SQ Feet3,998
Units9
Building(s)3
Water FrontYes
Property ViewYes

Market Activity 33706

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Area Information

StateFL
CountyPinellas
CityTREASURE ISLAND
Zip Code33706
Area33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Listing VS Median (in 33706)
Price:
$2,850,000
low | high
Med:
$439,125
100% of Average
SqFt:
3,998
low | high
Med:
1,258
100% of Average
$ / SqFt:
$713
low | high
Med:
$393
94.818609122487% of Average
On Site:
58
low | high
Med:
201
28.855721393035% of Average
Listing Updated: 12/14/2018
MLS Number: U8021495
Listing Provided By:
Carol Giovannoni  of  RE MAX PREFERRED

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