Paradise Beach Villas - 10280 Gulf Blvd, Treasure Island, FL 33706

This is It > Gulf Beach Excellence - Open Water on the Gulf of Mexico in Treasure Island Florida
This is a rare opportunity to own or develop prime beachfront property in always sunny F-L-A.
Our Offering is for 13 condo units of 15 located directly on the beach on totally open water. There is 7750 sf of building on 14.600 sf of land. The Site has 18 parking spaces and a large grandfathered-in pylon sign. There is a "must-do" opportunity for the new Buyer to exercise their state given de-conversion rights. De-conversion is governed in the Condominium Act, the 2007 Amendment, and the 2017 House Bill. Only two remaining units are left for de-conversion.
This building offers an additional method for Termination (de-conversion) written into the Condo Documents, which requires only 75% agreement prior to termination. The owners of 13 units have signed listing agreements, which represents 86% of the total property. Our clients want to sell and are not interested in completing the de-conversion process. Your buyer is encouraged to seek legal counsel regarding the potential for de-conversion.
The new Buyer has many options - there is a re-development play or the Buyer could keep them as-is and lease out the units. Nightly Rentals are permitted allowing for huge value add for a vacation rental business. Units are re-modeled and updated.
It is assumed that Zoning may allow 15 new condos since 15 already exist. This needs to discuss with the city.
The location is simply superb. Located on the Gulf of Mexico on Gulf Blvd in Treasure Island in the Tampa Bay Metro Area in the state of Florida. This is a Destination Beach in a Destination State.
It needs to be noted that this part of the Pinellas Gulf Beaches boasts depth over 400 ft of continues sandy beach and sea oats. So, behind this property alone there is 40,000 sf of beach to play in.
The one Seller owns 13 units.
Walk to Publix, restaurants, and beach bars. Endless possibilities.