$1,900,000
Active · 0 days on market · MLS# MFRR4909142
| Living area | 4,706 sq ft |
|---|---|
| Lot size | 0.22 acres |
| Year built | 1952 |
| Property type | Hotel/Motel |
| Waterfront | Yes |
| Annual taxes | $12,761 |
| County | Pinellas |
"17800 Gulf Blvd is a rare investment opportunity located on a highly visible corner lot in the vibrant waterfront town of Redington Shores, Florida. Just steps from the Gulf of Mexico, this 12-unit multifamily property offers a blend of immediate income, value-add upside, and redevelopment potential in one of Florida’s most desirable beach markets. In 2025, 8 of the 12 units were renovated, creating clean and appealing living spaces. 8 units are currently occupied, generating strong in-place cash flow. The remaining 4 units are offered as-is, having sustained damage from a previous hurricane—perfect for investors seeking to add value through strategic renovations. The property was previously listed on Booking.com, highlighting its history as a short-term rental destination. With the right repositioning, there’s potential to reintroduce the property into the short-term rental market, pending local regulations and approvals."
Listing courtesy of Menachem Dalfin, MIDFIELD REALTY LLC. Presented by MC Homes Realty Inc · 727432218.