Active

600 68TH AVE

ST PETE BEACH FL, 33706

$5,100,000


$852.84 per sqft

Active

8 Beds

7 Baths

5,980 sqft

Multi-family

Built in 1949

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.

A4618686

MLS ID

August 1, 2024

Listed

November 22, 2024

Updated

Map

600 68TH AVE
ST PETE BEACH FL, 33706

Interior Features

Bedrooms

8


Total Bathrooms

7


Interior Features

Built-in Features, Ceiling Fans(s), Dry Bar, Eat-in Kitchen, Kitchen/Family Room Combo


Appliances

Microwave, Range Hood, Refrigerator


Laundry Description

Other


Floor Description

Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Mini-Split Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.37 Acres


Exterior Features

Fence, Lighting


Lot Features

Flood Insurance Required, Paved


Roof

Other


Sewer

Public Sewer

Other Property Details

Area Name

33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl


Taxes

$61,243


Tax Frequency

Annually


Days on Market

98


Association Fee Frequency

Monthly


Garage

No


Parking

Assigned


View

Yes


View Description

City


County

Pinellas


Municipality

31


Water Source

Public


Pool

Yes


Pool Features

Gunite, Heated, In Ground, Lighting, Solar Heat

Listed by SAVVY AVENUE, LLC
Listing Contact: 888-490-1268 

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Data last updated 11/22/2024, 7:43 AM UTC

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