12321 Gulf Blvd Treasure Island, FL 33706
Property details
About 12321 Gulf Blvd
Exciting Update: now a completely renovated hotel! Construction is nearing completion and brand-new stainless steel kitchen appliances will be installed to enhance the property’s value. Time is money - no waiting to renovate before renting, secure this income property now to cash in on the summer season! The Bungalows welcomes investors with an impressive 10 CAP RATE! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and all new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun - there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here.
Highlights
Summary
- Interior: Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters, Thermostat
- Total Bedroom Count: 10
- Private Pool: Yes
- Exterior: Courtyard, Fence, Sidewalk, Storage
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $3,500,000
- Price/SqFt: $722
- HOA Amount: $0
- Directions: From Central Ave turn right onto Gulf Blvd. Turn right onto 124 Ave W. Parking spaces on right side of street.
- Year Built: 1948
- Living Area: 4,846 SqFt
- Lot Size: 0.4 Acres
- MLS Number: TB8322059
- MLS Name: MFRMLS
- Office Name: ENGEL & VOLKERS MADEIRA BEACH
- Office Phone: (727) 394-7365
- Listing Agent: Evan Pedone
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Last updated on: 6/5/2025, 12:34:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,500,000
12321 Gulf Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 09, 2022 | Home Sold | $2,800,000 |
| Feb 09, 2022 | Home Sold | $2,800,000 |
| Dec 27, 2016 | Home Sold | $1,525,000 |
| Dec 27, 2016 | Home Sold | $1,525,000 |
| Sep 16, 2014 | Home Sold | $925,000 |
| Sep 16, 2014 | Home Sold | $925,000 |
| Nov 20, 2002 | Home Sold | $585,000 |
| Jun 08, 2001 | Home Sold | $699,000 |
| Jun 08, 2001 | Home Sold | $699,000 |
| Apr 01, 1999 | Home Sold | $364,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
7
Azalea Elementary
Public District PK-5
2.4 mi
•1680 74th St N
9
Gulf Beaches Elementary Magnet School
Public Magnet KG-5
2.5 mi
•8600 Boca Ciega Dr
9
Pasadena Fundamental Elementary School
Public Magnet KG-5
2.6 mi
•95 72nd St N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,043. Typical income of Treasure Island, FL residents is less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Symphony or Opera
Minor League Baseball Games
Hiking/backpacking
Where do the neighbors shop?
Chico's
New York & Company
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Chick-fil-A
Chipotle
What do the neighbors drive?
Volvo
Kia
Mazda
What do the neighbors listen to?
Talk/Personality
Rock
Classical
Frequently asked questions
About 12321 Gulf Blvd
The listing price of 12321 Gulf Blvd property is $3,500,000.
The property 12321 Gulf Blvd is a multi located in Treasure Island, Florida, 33706.
Active Listing: 12321 Gulf Blvd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 12321 Gulf Blvd are: Azalea Elementary (GreatSchools Rating 7/10), Gulf Beaches Elementary Magnet School (GreatSchools Rating 9/10), Pasadena Fundamental Elementary School (GreatSchools Rating 9/10), Madeira Beach Fundamental K-8 (GreatSchools Rating 9/10), Azalea Middle School (GreatSchools Rating 2/10), Plato Academy of St.Petersburg (GreatSchools Rating 7/10), St. Petersburg Collegiate High School (GreatSchools Rating 10/10), Dixie Hollins High School (GreatSchools Rating 4/10), Boca Ciega High School (GreatSchools Rating 3/10).
The last sale was on February 9, 2022 for $2,800,000 (source: MLS/tax record).
The property 12321 Gulf Blvd is 4,846 SqFt (source: MLS/tax record).
The year of construction for 12321 Gulf Blvd is 1948.
This home is located at 12321 Gulf Blvd in Treasure Island, FL and zip code 33706 in the Treasure Island Downtown neighborhood. This 4,846 square foot home, which was built in 1948, sits on a 0.40 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $3,500,000.
Treasure Island, FL housing market in May 2025 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 20 sold below. The inventory of homes for sale in Treasure Island, FL between April and May 2025 increased by 5%. The median list price of listings available in May 2025 was $731,666, while the average time on the real estate market was 80 days.