Seller's Agent in 2024
Evan Pedone
ENGEL & VOLKERS MADEIRA BEACH
(727) 459-5543
8 in this area
33 Total Sales
12035 Gulf Blvd Treasure Island, FL 33706
Estimated Value: $2,623,862
4
Beds
12
Baths
3,434
Sq Ft
$764/Sq Ft
Est. Value
Highlights
- Property is near public transit
- End Unit
- No HOA
- Boca Ciega High School Rated A-
- Corner Lot
- Courtyard
About This Home
As of May 2024Auction Property. 10 cap rate! Welcome to Cabanas of Treasure Island, a boutique hotel in the heart of Treasure Island. This recently renovated, licensed hotel features 12 rooms. This hotel is zoned and licensed for daily rentals. There are 3 studios each with 2 queen beds, 4 king bed studios, 4 one-bedroom suites with a kitchenette and additional pull-out sofa with a Tempurpedic sofa mattress in the living area. There is also a private 1 bedroom suite with kitchen for roomier or extended stays. Extensive renovations were completed and the hotel was relaunched in March 2023. Guests are greeted by a custom, locally painted mural inspired by a vintage postcard. The relaxing courtyard beckons guests to lounge and enjoy the Gulf breezes and sunshine. Guests love the plush seating, family games and BBQ grill with picnic table for those who enjoy grilling on vacation. There is ample parking for guests and the rooms feature the convenience of self check-in. Guests love the proximity to the beach across the street. Guests will love the few steps to the sand and multiple restaurants and live music options nearby. Guests will also love the close proximity to John's Pass Village & Boardwalk, Pinellas County's #1 tourist attraction - it's only a 2 minute drive, short trolley ride or 15 minute walk away. Guests will rave over the 100+ merchants with unique retail shops, restaurants, dolphin and fishing tours, boat and jet ski rentals, and parasailing.
Last Agent to Sell the Property
ENGEL & VOLKERS MADEIRA BEACH Brokerage Phone: 727-394-7365 License #3370730 Listed on: 01/08/2024
Co-Listed By
ENGEL & VOLKERS MADEIRA BEACH Brokerage Phone: 727-394-7365 License #3462455
Last Buyer's Agent
ENGEL & VOLKERS MADEIRA BEACH Brokerage Phone: 727-394-7365 License #3370730 Listed on: 01/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $41,118
Year Built
- Built in 1952
Lot Details
- 0.26 Acre Lot
- End Unit
- Fenced
- Corner Lot
- Level Lot
Home Design
- Turnkey
- Slab Foundation
- Shingle Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 3,434 Sq Ft Home
- Ceiling Fan
- Storage Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 12 Bathrooms
Parking
- Ground Level Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Courtyard
- Outdoor Storage
- Outdoor Grill
Location
- Flood Zone Lot
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- 4,314 Sq Ft Building
- Coney Island Subdivision
Listing and Financial Details
- Legal Lot and Block 4 / 17
- Assessor Parcel Number 15-31-15-17784-017-0040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2024
Closed on
May 7, 2024
Sold by
Wicets Fl Llc
Bought by
Tampasaos Llc
Seller's Agent
Evan Pedone
ENGEL & VOLKERS MADEIRA BEACH
Buyer's Agent
Evan Pedone
ENGEL & VOLKERS MADEIRA BEACH
List Price
$3,999,900
Sold Price
$2,850,000
Premium/Discount to List
-$1,149,900
-28.75%
Views
101
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$226,138
Avg. Annual Appreciation
-4.31%
Purchase Details
Listed on
Mar 27, 2022
Closed on
Dec 12, 2022
Sold by
Barenz Investments Llc
Bought by
Wicets Fl Llc
Seller's Agent
Evan Pedone
ENGEL & VOLKERS MADEIRA BEACH
Buyer's Agent
Keith Slater
COASTAL HOME ADVISORS RE
List Price
$3,077,000
Sold Price
$3,050,000
Premium/Discount to List
-$27,000
-0.88%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.73%
Original Mortgage
$1,400,000
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 29, 2016
Sold by
Beach House Cabanas Inc
Bought by
Barens Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
8%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 22, 2014
Sold by
Slezak Mark E
Bought by
Beach House Cabanas Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.15%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 29, 2006
Sold by
Slezak Richard M
Bought by
Slezak Richard M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tampasaos Llc | $2,850,000 | Assurity Title | |
| Wicets Fl Llc | $3,050,000 | Greenleaf Title | |
| Barens Investments Llc | $1,050,000 | None Available | |
| Beach House Cabanas Inc | $437,500 | Attorney | |
| Slezak Richard M | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wicets Fl Llc | $500,000 | |
| Previous Owner | Wicets Fl Llc | $1,400,000 | |
| Previous Owner | Barenz Investments Llc | $1,149,000 | |
| Previous Owner | Barenz Investments Llc | $794,215 | |
| Previous Owner | Barens Investments Llc | $236,000 | |
| Previous Owner | Beach House Cabanas Inc | $230,000 | |
| Closed | Wicets Fl Llc | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2024 05/07/24 | Sold | $2,850,000 | -28.7% | $830 / Sq Ft |
| 04/03/2024 04/03/24 | Pending | -- | -- | -- |
| 01/08/2024 01/08/24 | For Sale | $3,999,900 | +31.1% | $1,165 / Sq Ft |
| 12/13/2022 12/13/22 | Sold | $3,050,000 | -0.9% | $888 / Sq Ft |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- |
| 08/31/2022 08/31/22 | Price Changed | $3,077,000 | 0.0% | $896 / Sq Ft |
| 08/31/2022 08/31/22 | For Sale | $3,077,000 | -9.5% | $896 / Sq Ft |
| 08/04/2022 08/04/22 | Pending | -- | -- | -- |
| 04/22/2022 04/22/22 | Price Changed | $3,399,000 | -6.9% | $990 / Sq Ft |
| 03/27/2022 03/27/22 | For Sale | $3,650,000 | -- | $1,063 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $41,958 | $2,225,000 | $1,216,406 | $1,008,594 |
| 2023 | $41,958 | $2,550,000 | $1,441,872 | $1,108,128 |
| 2022 | $17,143 | $1,065,000 | $583,475 | $481,525 |
| 2021 | $16,122 | $925,000 | $0 | $0 |
| 2020 | $17,495 | $1,000,000 | $0 | $0 |
| 2019 | $16,605 | $940,000 | $494,679 | $445,321 |
| 2018 | $15,953 | $904,000 | $0 | $0 |
| 2017 | $15,634 | $876,000 | $0 | $0 |
| 2016 | $7,689 | $440,000 | $0 | $0 |
| 2015 | $6,984 | $375,000 | $0 | $0 |
| 2014 | $6,921 | $369,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Evan Pedone
-
Ashley Pedone
Seller Co-Listing Agent in 2024
Ashley Pedone
ENGEL & VOLKERS MADEIRA BEACH
(727) 394-7365
7 in this area
24 Total Sales
-
Keith Slater
Buyer's Agent in 2022
Keith Slater
COASTAL HOME ADVISORS RE
(813) 601-6047
6 in this area
103 Total Sales
Map
Source: Stellar MLS
MLS Number: U8225820
APN: 15-31-15-17784-017-0040
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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