Active

$4,875,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 8137 sq ft
Overview
  • ID: MFRTB8498298
  • Bedrooms:
  • Bathrooms: 0
  • Size: 8137 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$4,875,000
HOA Fee:
N/A
Tax Amount:
$20890.59
Price per SqFt:
$488.09
Tax Legal Description:
ST PETERSBURG BEACH REPLAT BLK 46, LOTS 9 & 10 & THAT PART OF LOTS 11, 12, 13 & 14 DESC BEG MOST S'LY COR OF LOT 11 TH N30DW 215FT TO MOST W'LY COR OF LOT 12 TH N60DE 18.5FT TH S30DE 50.80FT TH N60DE 34.91FT TH S25D09'28"E 164.79FT TH S60DW 39.50FT TO POB
Exterior Features
Lot Size:
19323
Lot Features:
Flood Insurance Required, Oversized Lot, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Electric, Ductless
Cooling:
Central Air, Mini-Split Unit(s)
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
Luxury Vinyl, Tile
Levels:
Two
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1947
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    523 72ND AVE
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