600 68TH AVENUE ST PETE BEACH FL 33706 MLS #A4618686

600 68TH AVENUE
ST PETE BEACH, FL, 33706
$5,100,000
8 Beds
7 Baths
5,980 SqFt
0.37 Acres
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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.

Property Details

Price:
$5,100,000
MLS #:
A4618686
Status:
Active
Beds:
8
Baths:
7
Address:
600 68TH AVENUE
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
ST PETERSBURG BEACH 1ST ADD
Neighborhood:
33706 – Pass a Grille Bch/St Pete Bch/Treasure Isl
City:
ST PETE BEACH
Listed Date:
Jul 31, 2024
State:
FL
Finished Sq Ft:
5,980
ZIP:
33706
Lot Size:
16,000 sqft / 0.37 acres (approx)
Year Built:
1949
Units:
12
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Schools

Interior

Appliances
Microwave, Range Hood, Refrigerator
Cooling
Mini- Split Unit(s)
Flooring
Tile, Vinyl
Heating
Electric
Laundry Features
Other

Exterior

Construction Materials
Block, Concrete
Exterior Features
Fenced, Lighting
Parking Features
Assigned
Roof
Other

Financial

Tax Year
2023
Taxes
$61,243

Map

Community

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600 68TH AVENUE
ST PETE BEACH, FL