$3,300,000

Description

Ideal development site on Treasure Island beach! 50 feet of direct private gulf frontage ideal for beachfront mansion, condo up to 7 units by right, luxury Short Term Rental property or boutique residences. Seacrest Advisors is pleased to present 10200 Gulf Boulevard - a rare, direct-Gulf beachfront development site in Treasure Island, Florida. With Resort Facilities High (RFH-50) zoning, this +15,777 SF parcel delivers exceptional flexibility across multiple premium asset classes. Treasure Island sits at the heart of one of America's most beloved beach destinations, within 30 minutes of Tampa International Airport and adjacent to the booming St Pete/Clearwater corridor generating over $3.1 billion in annual visitor spending. The site currently operates as a 7-unit residential property on short-term month to month leases generating immediate income while a buyer pursues entitlements or redevelopment. With Resort Facilities High (RFH-50) zoning and an RFH Future Land Use designation, the property supports a wide range of high-value uses: RFH-50 zoning allows up to 7 unit by right. The site's direct Gulf frontage ensures beach access for every unit — the ultimate revenue differentiator in a $3.1B annual tourism market. This parcel also supports 1–2 ultra-premium spec homes with direct beach access and Gulf sunset views. A new beachfront estate will significantly outperform all market comps in this supply-constrained location. Treasure Island's barrier island geography creates a permanently supply-constrained market — there is no new beachfront land. Pinellas County tourism taxes hit an all-time record in January 2025, and the Tampa Bay metro continues to rank among the fastest-growing markets in the United States. The 1-mile median home value around this property is $765,653, with average household incomes exceeding $133,000. Ground-floor food & beverage (beach bar, café, restaurant) with resort residences or condo-hotel above — capturing day-trip visitor spend AND the premium owner/renter market.? This model thrives throughout the Pinellas beach corridor, with Gulf Blvd frontage ensuring constant pedestrian traffic and John's Pass Village drawing 4M+ visitors annually 2 miles north.