Two Mermaid's Resort 10200 Gulf Blvd Services hôteliers 7 chambres 2 837 736 € (405 391 €/Chambre) Treasure Island, FL 33706

This exceptional beachfront property offers a rare opportunity to develop a premier gulf front property with Resort Facilities High (RFH-50) zoning. Build a world class Short term Rental property, Condos ( up to 7 units by right), or your dream house! 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 property is currently operating at 50% occupancy with month to month tenants. The perfect situation for a developer who can use the existing cash flow to cover holding costs while they pursue new development plans.
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.