When: Wednesday, July 17th at 10:00 AM
Where: 11295 Gulf Blvd Treasure Island, FL
Preview: Wednesday, July 17th at 9:00 AM
Owners’ health is forcing sale.
We are selling the land which is zoned RFM-30 which allows many, many uses. See attachment for allowable uses.
At no addition cost you will receive current permits and approved engineering plans for the following:
Treasure Palms Resort at 11295 Gulf Blvd, Treasure Island, FL 33706, is a ready-to-build 6-story Condotel with all necessary permits and approved engineering plans. This luxurious short-term rental property features 12 high-end condo units, each with balconies offering stunning views of both the Intercoastal Waterway and the beach. Eleven units range from 1,072 to 1,555 sq ft, including balconies, while the penthouse spans 2,892 sq ft with 1,252 sq ft heated. Recently, the municipality amended the usage policy, allowing year-round residency. Owners can either self-manage their condos or hire a property management company, with completed HOA documents ensuring smooth operation.
Treasure Palms Resort offers excellent ROI potential, whether treated as a Condotel (e.g., Airbnb, VRBO) or by selling individual units. Public beach access and parking are just 200 feet away. Nearby amenities within a three-mile radius include hundreds of restaurants, bars, beaches, boating, fishing trips, and tours. The resort is within walking distance to lively restaurants and Tiki bars, and the wide beaches are perfect for activities like kite flying, reading under cabanas, and enjoying Gulf views. Paddleboards, kayaks, and beach toys are available for rent.
Local attractions include the historic John's Pass fishing village, offering jet skiing, water skiing, boating, parasailing, dolphin tours, and unique retail shopping. Nearby beaches like Clearwater Beach, Honeymoon Island, Caladesi Island, and Ft Desoto State Park, along with the vibrant nightlife of St. Petersburg and Tampa, are also close by. Treasure Island boasts white sandy beaches, pristine waters, and family-friendly attractions, making it an ideal destination for vacation homes or permanent residences. Embrace the opportunity to invest in Treasure Palms Resort, where luxury living meets high ROI potential in one of Florida’s prime coastal destinations.
FOR MORE INFORMATION CONTACT MICHAEL PETERS (727) 251-0531
TERMS AND CONDITIONS:
The public is welcome to participate and bid at this Auction Sale. An American Heritage “Live” Real Estate Auction Sale is like any other realtor-assisted transaction except the sale is TRANSPARENT, meaning you will know what the other buyers are willing to pay for the home and the terms of the sale are the same for all buyers. Financed & Cash Buyers are welcome to bid. The Seller will convey a General Warranty Deed, Free and Clear of all debt. The seller will pay for and will provide a Title Insurance Policy. The Seller will pay for the documentary stamps. All prorations will be as of the day before closing. At the Auction Sale, the winning bidder will be required to place a 5% deposit based on the Contract Price, with American Heritage Auctioneers as the Escrow Agent. At the conclusion of the sale, the Auctioneer will confirm the bid. Once the bid is confirmed, the buyer will sign the Bid Acknowledgement and the Contract for Sale and Purchase and present the Earnest Money Deposit. Personal checks will be accepted. The balance will be due at closing within 45 days of sale day. A 10% Buyer premium will be added to the bid to create the purchase price. For telephone bidding contact us at 727-726-7272
