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523 72nd Avenue, FL
Stellar MLS

$4.88M

523 72nd Avenue

St Pete Beach, FL 33706

Listing updated: April 16, 2026 at 2:42 AM ET

Active
Stellar MLSListing courtesy of Compass Florida Llc · Zach Steinberger · MLS #TB8498298 · Active · 727-339-7902
9,988
Building SF
0.44
Acres
19
Units
1947
Built
$488.09
Per SF
Hotel/Motel5.43% cap rate$488.09/SF360° tour
Hotel/Motel

Property type

1947

Year built

9,988 SF

Building size

19,323 sqft

Lot size

$488.09

Price / SF

19

Units

1

Day on market

Investment & cash flow

5.43%
Cap rate
$265K
NOI / yr
$458K
Gross income (Actual)
$193K
Annual expenses
10.6
GRM
$488.09
Price / SF

Income includes: Laundry, Parking, Rent Only

Figures provided by the listing broker — verify independently.

About this property

Introducing the Park Shore Boutique & Park Shore Suites—a meticulously assembled 19-unit hospitality offering just steps from the sugar-white sands, providing a rare opportunity to acquire a fully operational, design-forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12-unit Park Shore Boutique, delivering stable, long-term income through thoughtfully designed unfurnished residences, and the 7-unit Park Shore Suites, a fully furnished, high-performing short-term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annually—with zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort-style pool environment, creating a boutique hospitality experience that rivals larger-scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scale—offering a truly plug-and-play investment for the sophisticated hotelier. For the portfolio buyer, this is not a project—it’s a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world-class dining, entertainment, and the Gulf’s iconic shoreline, this offering delivers both lifestyle prestige and institutional-grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisition—refined, complete, and ready to perform from day one.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Hotel/Motel
Status
Active
Days on market
1
Subdivision
St Petersburg Beach Rep
County
Pinellas
Year built
1947
Building area
9,988 sq ft
Price/sq ft
$488.09
Lot size
19,323 sq ft
Units
19
Buildings
3
Stories
2
Electric meters
19
Water meters
2
Road frontage
City Street
Building features
Bathrooms, Common Lighting, Fencing, Furnished, Kitchen Facility, On Site Shower, Pool/Spa, Stone Counter, Trash Removal
Annual taxes
$21K (2025)
Parcel #
36-31-15-77994-046-0090
MLS #
TB8498298

Utilities

Utilities
Electricity Available, Public, Water Connected
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-04-15
On market date
2026-04-15
MLS area
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Status changed
2026-04-16
Tax legal description
ST PETERSBURG BEACH REPLAT BLK 46, LOTS 9 & 10 & THAT PART OF LOTS 11, 12, 13 & 14 DESC BEG MOST S'LY COR OF LOT 11 TH N30DW 215FT TO MOST W'LY COR OF LOT 12 TH N60DE 18.5FT TH S30DE 50.80FT TH N60DE 34.91FT TH S25D09'28"E 164.79FT TH S60DW 39.50FT TO POB

Location

Directions

From 72nd Ave, hotel is on the right.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of April 16, 2026 at 2:42 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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