523 72nd Avenue, St Pete Beach, FL 33706

$4,875,000
Active for Sale
 
Listing ID 11693241
Property Type Commercial
County Pinellas
Neighborhood 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Total Tax $20,891
Tax ID 36-31-15-77994-046-0090
FEMA Flood Map fema.gov/portal
Year Built 1947
Virtual Tour
Introducing the Park Shore Boutique & Park Shore Suites-a meticulously assembled 19-unit hospitality offering just steps from the sugar-white sands, providing a rare opportunity to acquire a fully operational, design-forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12-unit Park Shore Boutique, delivering stable, long-term income through thoughtfully designed unfurnished residences, and the 7-unit Park Shore Suites, a fully furnished, high-performing short-term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annually-with zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort-style pool environment, creating a boutique hospitality experience that rivals larger-scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scale-offering a truly plug-and-play investment for the sophisticated hotelier. For the portfolio buyer, this is not a project-it's a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world-class dining, entertainment, and the Gulf's iconic shoreline, this offering delivers both lifestyle prestige and institutional-grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisition-refined, complete, and ready to perform from day one.
Property Details
  • 8137 SF (AG)
  • 0.44 Acres
  • 19323 SF Lot
  • Built in 1947
  • 2 Stories
  • 19 Units
  • Slab Basement
Interior Features
  • Ceramic Tile Flooring
  • Vinyl Flooring
  • Electric Fuel
  • Central A/C
Exterior Features
  • Community Water
  • Municipal Sewer
  • Subdivision: St Petersburg Beach Rep
Income/Expenses
  • Gross Income $457,922
  • Net Income $264,779
Taxes and Fees
  • $20,891 Total Tax
  • Tax Year 2025
Listed By
Compass Florida Llc
Office: 727-380-2067
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