$5,700,000
$5,800,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
6,612 SqFt
SOLD DATE : 04/17/2023
Key Details
Sold Price $5,700,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 6,612 sqft
Price per Sqft $862
Subdivision Beach Plaza Sec Of St Pete Beach
MLS Listing ID U8193113
Sold Date 04/17/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1951
Annual Tax Amount $23,561
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 50x100
Property Description
Life is a beach now come live it. This resort is a must see just a 150 yards from the beach !!!! Have you every dreamed of owning your own turn key boutique motel on St Pete Beach the number one beach ranked on TripAdvisor. Well dreams can come true if you can move fast. The Villas consist of 12 amazing yet distinct Villas. 1 two bedroom 2 bath Villa, 5 One bedroom units with full kitchens, 5 efficiencies with full kitchens and 1 micro efficiency with mini frig. The Villas has had an extreme make over within the past few years to make it an all new 5 star resort. Updated kitchens with white and grey shaker cabinets and granite/quartz countertops. Updated bathrooms in all the Villas with beautiful turquoise and while color tile. Updated interior and exterior painting along with beachy style plank flooring, updated plumbing and electrical fixtures, just too many updates to list. Every unit has been custom designed and decorated with the most amazing beach styles. The pool area is expansive and boast tropical palm trees, tons of outdoor furniture 2 cozy cabanas and an outdoor grill. The pool itself has been updated with custom pavers and a resort style spill out dolphin. There are even beach bikes to rent along with a guest laundry area, everything is here for the guest to have the perfect beach get-a-way. The location is beyond perfect right next to the beach with some Villas having gulf views and it is within walking distance to so many wonderful beach restaurants, bars. shopping and nightlife. Words can not describe how nice these rooms and resort is so it is best to see it on it 's website thevillasatstpetebeach.com where you can view and book rooms online. Best of all this dream comes with a current cap rate of over 9 percent The numbers are beyond belief making this a true turn key business. It's all in place nothing to do but collect the rental fees. The Villas has a motel license which allows short term daily rentals. No detail has been missed and no expense has been spared to make this resort the perfect investment you will be proud to own.
Location
State FL
County Pinellas
Community Beach Plaza Sec Of St Pete Beach
Interior
Cooling Mini-Split Unit(s)
Appliance Refrigerator
Exterior
Parking Features Parking Spaces - 13 to 18
Community Features Beach Area
Building
Story 2
Foundation Block
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS TAMPA CENTRAL
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "