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600 68th Avenue

St Pete Beach, FL 33706
  • $5,100,000
  • STATUS: Active
  • ON SITE: 126 Days
  • MLS #: A4618686
UPDATED: 49 min ago
$5,100,000
  • 8
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,980
    SQFT
  • $853
    $/SQFT
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

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.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-05T17:45:36.053.
www.thenewcomergroup.com/homes/153150346
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600 68th Avenue St Pete Beach, FL 33706

  • Price: $5,100,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 49 min ago
  • MLS #: A4618686
8
Beds
0
Baths
0
½ Baths
0.37
Acres
5,980
SQFT
$853
$/SQFT
1949
Built
Neighborhood:
St Petersburg Beach 1St Add
County:
Pinellas
Area:
St Pete/Pass A Grille Beach/St Pete Beach/Treasure Island
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.
Exterior Features

Carport Yn No Construction Materials BlockConcrete Exterior Features FencedLighting Foundation Details Slab Lot Features Flood Insurance Required Parking Features Assigned Pool Features GuniteHeatedIn GroundLightingSolar Heat Pool Private Yn Yes Road Frontage Type Street Paved Road Surface Type PavedOther Roof Other Spa YN No View City Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances MicrowaveRange HoodRefrigerator Cooling Mini-Split Unit(s) Cooling YN Yes Fireplace Yn No Flooring TileVinyl Heating Electric Heating YN Yes Interior Features Built-in FeaturesCeiling Fan(s)Dry BarEating Space In KitchenKitchen/Family Room Combo Laundry Features Other Sewer Public Sewer Water Source Public

Property Features

Annual Net Income 350000 Association Approval Required Yn No Association Yn No Cdd Yn No Down Payment Resource No Flood Zone Code AE Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashOtherPrivate Financing Available Minimum Lease No Minimum New Construction Yn No Ownership Fee Simple Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 61243 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedFiber OpticsSewer Connected Yrs Of Owner Prior To Leasing Re No


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of SAVVY AVENUE, LLC: 888-490-1268.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-05T17:45:36.053.
 
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