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Two Mermaid's Resort 10200 Gulf Blvd 7 Room Hotel Treasure Island, FL 33706 $3,300,000 ($471,429/Room)
Investment Highlights
- Gulf-front parcel with direct access to pristine white-sand beach.
- Located within 30 minutes of Tampa International Airport with 21M+ annual passengers.
- Positioned in Pinellas County, Florida, the state’s leading tourism market with over $8.29M in monthly tax receipts as of 2025.
- RFH-50 zoning allows multiple permitted uses including hotel, condo-hotel, luxury homes, and mixed-use developments.
- Surrounding market enjoys 75%+ occupancy and ADRs ranging from $350–$900 per night.
- Parcel is within a supply-constrained barrier island environment with no new land creation.
Executive Summary
This exceptional beachfront parcel on Treasure Island offers a rare opportunity to develop a premier gulf front property with flexible Resort Facilities High (RFH-50) zoning. The ±15,777 SF lot provides direct access to white-sand beaches along the Gulf of Mexico and promises significant potential across multiple hospitality and residential uses.
The site supports development concepts ranging from a branded boutique hotel or condo-hotel to luxury vacation rental complexes, spec homes, or a mixed-use resort integrating food & beverage with short-term lodging. Positioned within 30 minutes of Tampa International Airport and adjacent to the thriving St. Pete/Clearwater market, this destination benefits from robust tourist demand, with Pinellas County generating $3.1 billion annually in visitor spending and setting record-high tourism tax revenues in 2025.
Treasure Island stands among the nation’s top-rated beach markets, offering an irreplaceable supply-constrained environment that underpins long-term appreciation. Whether designed for hospitality ROI or luxury residential demand, this beachfront development site combines access, visibility, and future-proof value.
The site supports development concepts ranging from a branded boutique hotel or condo-hotel to luxury vacation rental complexes, spec homes, or a mixed-use resort integrating food & beverage with short-term lodging. Positioned within 30 minutes of Tampa International Airport and adjacent to the thriving St. Pete/Clearwater market, this destination benefits from robust tourist demand, with Pinellas County generating $3.1 billion annually in visitor spending and setting record-high tourism tax revenues in 2025.
Treasure Island stands among the nation’s top-rated beach markets, offering an irreplaceable supply-constrained environment that underpins long-term appreciation. Whether designed for hospitality ROI or luxury residential demand, this beachfront development site combines access, visibility, and future-proof value.
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Property Facts
| Price | $3,300,000 | Lot Size | 0.37 AC |
| Price Per Room | $471,429 | Building Size | 3,712 SF |
| Sale Type | Investment | No. Rooms | 7 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1949 |
| Property Subtype | Hotel | Parking Ratio | 2.42/1,000 SF |
| Building Class | C | ||
| Zoning | RFH-50 - Resort Facilities High | ||
| Price | $3,300,000 |
| Price Per Room | $471,429 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 3,712 SF |
| No. Rooms | 7 |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 2.42/1,000 SF |
| Zoning | RFH-50 - Resort Facilities High |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 7 | $73.00 | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 26-31-15-78786-002-0120 | Improvements Assessment | $221,454 |
| Land Assessment | $1,333,546 | Total Assessment | $1,555,000 |
Property Taxes
Parcel Number
26-31-15-78786-002-0120
Land Assessment
$1,333,546
Improvements Assessment
$221,454
Total Assessment
$1,555,000
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Two Mermaid's Resort | 10200 Gulf Blvd