600 68th Avenue

St. Petersburg, FL 33706

$5,100,000
Price
8
Beds
5,980 Sq. Ft.
$853 / Sq. Ft.
5,980
Sq. Ft.
$853
per Sq. Ft.

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
...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.
  1. Listed by Moe Mossa • SAVVY AVENUE, LLC

Property Details for 600 68th Avenue

Subdivision Name
ST PETERSBURG BEACH 1ST ADD
Township
31
View
City
Waterfront
No
LISTING UPDATED: 11/06/2024 07:20 PM

Property Details for 600 68th Avenue

StatusActive
MLS #A4618686
Days on Market140
Taxes$61,243 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1949
Lot Size0.37 AC / 16,000 SF
CountyPinellas County

Building Information for 600 68th Avenue

Stories-Residences12Year Built1949Building Size-Lot Size0.37 AC / 16,000 SF

Property Information for 600 68th Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Gulf Blvd to 68th Ave
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Limited Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 600
  • Street Name: 68TH
  • Street Suffix: AVENUE
  • State: FL
  • City: ST PETE BEACH
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
  • Parking Features: Assigned
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 4
  • Tax Book Number: 20-11
  • Tax Legal Description: ST PETERSBURG BEACH 1ST ADD BLK 4, LOTS 28, 29 & 30 & SW'LY 1/2 OF VAC ALLEY ADJ ON NE
  • Tax Lot: 28
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, Street Paved
  • Parcel Number: 36-31-15-78336-004-0280
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 4
  • Water Access: No
  • Water Extras: No
  • Living Area: 5980
Property and Assessments
  • Year Built Numeric: 1949
  • Flood Zone Code: AE
  • Flood Zone Date: 08-24-2021
  • Flood Zone Panel: 12103C0276H
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 15
  • Public Survey Section: 36
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Exterior Features: Fenced, Lighting
  • Foundation Details: Slab
  • Pool Features: Gunite, Heated, In Ground, Lighting, Solar Heat
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Other
  • Spa: No
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Appliances: Microwave, Range Hood, Refrigerator
  • Cooling: Mini-Split Unit(s)
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Heating: Electric
  • Interior Features: Built in Features, Ceiling Fans(s), Dry Bar, Eating Space In Kitchen, Kitchen/Family Room Combo
  • Laundry Features: Other
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $350,000.00
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Pro Forma 1: 0
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Pro Forma 2: 0
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 6
Rental
Rental Information
  • Minimum Lease Period: 0

Property History for 600 68th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 600 68th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$63,794 ($5,316 / month)
Home Facts
Baths12Total Finished SqFt2,041 SqFtAbove Grade Finished SqFt2,041 SqFtStories1Lot Size16,000 SqFtStyleHotel / MotelYear Built1949Year Renovated1988CountyPINELLASAPN36-31-15-78336-004-0280

Schools near 600 68th Avenue

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Azalea Elementary School
PublicPK to 5

Azalea Middle School
Public6 to 8

Boca Ciega High School
Public9 to 12

Gulf Beaches Elementary Magnet
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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600 68th Avenue is a multi-family home for sale in St. Petersburg, FL 33706. This property was listed for sale on July 31, 2024 by SAVVY AVENUE, LLC, it's currently listed at $5,100,000. It has been on the market for a total of 140 days and was last sold on September 6, 2022. This listing's school district is Pinellas. Nearby schools include Azalea Elementary School, Azalea Middle School and Boca Ciega High School. 600 68th Avenue is a 8-bed, 0-bath, 5,980 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SAVVY AVENUE, LLC, Moe Mossa

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/06/2024 07:20 PM