11295 GULF BOULEVARD TREASURE ISLAND FL 33706 MLS #U8246958

11295 GULF BOULEVARD
TREASURE ISLAND, FL, 33706
$3,100,000
Beds
0 Baths
0 SqFt
0.42 Acres
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Auction Property. OWNERS’ HEALTH IS FORCING SALE……. EVERYONE WELCOME TO BID. Stunning Commercial Waterfront Property. Auction sale will be Held at the Site on Wednesday, July 17th at 10:00 AM. Preview starts at 9:00 am. This property may sell for more or less than the listed price.
Zoned RFM-30 which allows many, many uses. See attachment for allowable uses.
At no additional cost you will receive current permits and approved engineering plans for the following:
Treasure Palms Resort at 11295 Gulf Blvd, Treasure Island, FL 33706, is a ready-to-build 6-story Condotel with all necessary permits and approved engineering plans. This luxurious short-term rental property features 12 high-end condo units, each with balconies offering stunning views of both the Intercoastal Waterway and the beach. Eleven units range from 1,072 to 1,555 sq ft, including balconies, while the penthouse spans 2,892 sq ft with 1,252 sq ft heated. Recently, the municipality amended the usage policy, allowing year-round residency. Owners can either self-manage their condos or hire a property management company, with completed HOA documents ensuring smooth operation.
Treasure Palms Resort offers excellent ROI potential, whether treated as a Condotel (e.g., Airbnb, VRBO) or by selling individual units. Public beach access and parking are just 200 feet away. Nearby amenities within a three-mile radius include hundreds of restaurants, bars, beaches, boating, fishing trips, and tours. The resort is within walking distance of lively restaurants and Tiki bars, and the wide beaches are perfect for activities like kite flying, reading under cabanas, and enjoying Gulf views. Paddleboards, kayaks, and beach toys are available for rent.
Local attractions include the historic John’s Pass fishing village, offering jet skiing, water skiing, boating, parasailing, dolphin tours, and unique retail shopping. Nearby beaches like Clearwater Beach, Honeymoon Island, Caladesi Island, and Ft Desoto State Park, along with the vibrant nightlife of St. Petersburg and Tampa, are also close by. Treasure Island boasts white sandy beaches, pristine waters, and family-friendly attractions, making it an ideal destination for vacation homes or permanent residences. Embrace the opportunity to invest in Treasure Palms Resort, where luxury living meets high ROI potential in one of Florida’s prime coastal destinations…. BUYER will receive a general warranty deed free and clear of all debts, guaranteed with a title insurance policy at closing…For Auction Terms and Conditions please contact American Heritage Auctioneers…

Property Details

Price:
$3,100,000
MLS #:
U8246958
Status:
Active
Beds:
0
Baths:
0
Address:
11295 GULF BOULEVARD
Type:
Land
City:
TREASURE ISLAND
Listed Date:
Jun 17, 2024
State:
FL
ZIP:
33706
Lot Size:
18,461 sqft / 0.42 acres (approx)
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Buyer Agent Compensation
1%%
Tax Year
2023
Taxes
$25,820

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11295 GULF BOULEVARD
TREASURE ISLAND, FL