600 68th Avenue St Pete Beach, FL 33706
Listing Courtesy of: STELLAR / Savvy Avenue, LLC - Contact:  888-490-1268

  600 68th Avenue St Pete Beach, FL 33706

Active (112 Days)
$5,100,000
8
BED
7
BATH
5,980
SQFT

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.

MLS #:
A4618686
Taxes
$61,243(2023)
Lot Size
0.37 acres
Type
Multifamily
Year Built
1949
Views
City
County
Pinellas County

Listed By

Moe Mossa, Savvy Avenue, LLC, Contact: 888-490-1268
Source
STELLAR
Last checked Nov 21 2024 at 7:05 AM GMT+0000
Bathroom Details
Interior Features
  • Appliances: Refrigerator
  • Appliances: Range Hood
  • Appliances: Microwave
  • Kitchen/Family Room Combo
  • Eat-In Kitchen
  • Dry Bar
  • Ceiling Fans(s)
  • Built-In Features
Subdivision
  • St Petersburg Beach 1st Add
Lot Information
  • Paved
  • Flood Insurance Required
Property Features
  • Foundation: Slab
Heating and Cooling
  • Electric
  • Mini-Split Unit(s)
Pool Information
  • Solar Heat
  • Lighting
  • In Ground
  • Heated
  • Gunite
Flooring
  • Vinyl
  • Tile
Exterior Features
  • Concrete
  • Block
  • Roof: Other
Utility Information
  • Utilities: Water Source: Public, Sewer Connected, Fiber Optics, Electricity Connected, Cable Connected
  • Sewer: Public Sewer
Parking
  • Assigned
Living Area
  • 5,980 sqft
Additional Information: Savvy Avenue, LLC | 888-490-1268
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2024. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 11/20/24 23:05