About This Home

This 5-bedroom, 3-bathroom multi-family at 12609 SUNSHINE Lane in Treasure Island, FL is listed for $3,190,000 ($1,573 per sqft). Built in 1951, the home offers 2,028 sqft of living space on a 0.28 acres lot.

Key Features

  • Built in 1951
  • 0.28 acre lot
  • 2 stories
  • Waterfront

Property Details

2 stories
3 full
1951

Amenities

WaterfrontViewA/C
Listing Description

Own one of Treasure Island's rarest beachfront compounds. Featuring The Pink Flamingo and The Blue Dolphin-two fully renovated Gulf-front homes generating nearly $300,000 in annual gross rental income-this turnkey legacy property offers the perfect blend of luxury living, proven cash flow, and irreplaceable direct beach frontage.

Celebrated for their distinctive 1950s retro coastal theme, The Pink Flamingo and The Blue Dolphin have become iconic beachfront destinations, where vintage Old Florida charm meets modern comfort. Every detail has been thoughtfully designed to capture the nostalgia of a bygone era while providing today's guests with the quality and amenities they expect.

The result is a truly memorable experience that has earned nothing but 5-star reviews and a loyal base of repeat visitors who return year after year. Behind the timeless aesthetic lies a property that has been meticulously updated for peace of mind and long-term value.

Both homes feature impact-rated windows and doors, combining enhanced storm protection with energy efficiency, quiet interiors, and abundant natural light-all while preserving their unique character and curb appeal. With an established rental business, proven financial performance, and nearly $300,000 in annual gross revenue, you'll step into immediate cash flow while enjoying the flexibility to use the property however you choose.

Live in one home and rent the other, continue operating both as premier vacation rentals, or create the ultimate multi-generational beachfront retreat for family and friends. The Pink Flamingo offers spacious accommodations, vibrant retro-inspired decor, and breathtaking Gulf views that make every stay unforgettable.

Just steps away, The Blue Dolphin complements the experience with its own distinctive personality and inviting atmosphere, creating the perfect pairing for larger groups, extended families, or dual rental opportunities. Together, they form a one-of-a-kind beachfront compound that simply cannot be replicated.

Step outside and the Gulf of Mexico becomes your backyard. Spend your mornings with coffee overlooking the water, your afternoons with your toes in the sugar-white sand, and your evenings watching spectacular sunsets from your private beachfront oasis.

It's the quintessential Florida lifestyle that guests rave about and one that few properties can truly offer. For investors, the value extends well beyond the real estate itself. You're acquiring an established hospitality business with a proven operating history, exceptional guest satisfaction, and a recognizable identity that sets it apart in a competitive market.

The combination of all 5-star ratings, repeat clientele, and turnkey operations provides a solid foundation for continued success from day one. Perfectly situated in the heart of Treasure Island, you're just minutes from waterfront dining, shopping, boating, entertainment, and John's Pass while still enjoying the privacy and tranquility of direct beachfront living.

Properties offering two separate Gulf-front homes, a proven six-figure income stream, distinctive branding, modern upgrades, and an irreplaceable location are extraordinarily rare. The Pink Flamingo and The Blue Dolphin are more than vacation rentals-they are beloved destinations that blend nostalgia, luxury, and investment potential into one unforgettable opportunity. Note - There is also a second lot included that is in front of the lot with the houses.

Monthly Cost Estimate

$17,061/mo

20% down · 6.5% · 30 years

Principal$2,307
Interest$13,823
Insurance$930

Estimates only. Actual payments may vary.

Location

12609 SUNSHINE Lane

Treasure Island, FL 33706

CONEY ISLAND

Features & Amenities

Interior Features

Ceiling Fans(s)Stone CountersWindow Treatments

Exterior Features

LightingPrivate EntrancePrivate Yard

Property Details

Flooring

VinylTile

Construction

Block Frame

Views

Ocean

Heating

CentralElectric (Heating)Heat Pump (Heating)

Cooling

Central Air

Appliances

DishwasherDryerMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 5-bedroom, 3-bathroom multi-family at 12609 SUNSHINE Lane is listed at $3,190,000 ($1,573/sqft). The estimated monthly payment is $17,060 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951, 0.28 acre lot, 2 stories, Waterfront. Interior Features: Ceiling Fans(s), Stone Counters, Window Treatments. Exterior Features: Lighting, Private Entrance, Private Yard.

This property is listed by Robert Bello, JR.

RJ

Robert Bello, JR

Agent at Dalton Wade, Inc.

Listed by Dalton Wade, Inc. · Broker phone: (727) 888-4175 · View on Broker Site · Broker website

MLS# W7888215· Source: Stellar MLS· 88 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

12609 SUNSHINE Lane, Treasure Island, FL 33706

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