12609 SUNSHINE LANE Treasure Island, FL $ 3,250,000
12609 SUNSHINE LANE
$ 3,250,000
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12609 SUNSHINE LANE

Treasure Island, FL, 33706
$ 3,250,000
Bedrooms5 Baths3.0 Sq 2,028

Monthly Estimate*

$ 20,521

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Single Family Home for sale in Treasure Island, FL

for $3,250,000 with 5 bedrooms and 3 full baths. This 2,028 square foot home was built in 1951 on a lot size of 0.28.

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 décor, 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.

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Single Family Active

Price

$ 3,250,000

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 5,293

Style

Single Family Residence

Lot Size

0.28

Year Built

1951

Town/City

Treasure Island

County/Region

Pinellas

MLS | Web ID

W7885505

Features
General
Sewer Public Sewer
Heating Central Electric Heat Pump
Cooling Central Air Mini-Split Unit(s)
Utilities Cable Connected Electricity Connected Sewer Connected
Roof Built-Up
Appliances Dishwasher Dryer Microwave Range Refrigerator Washer
Construction Materials Block Wood Frame
Year Built 1951
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Beach Gulf/Ocean
Additional Parcels Description 22-31-15-17820-008-0030
County Pinellas
New Construction false
Property Type Residential
Subdivision Name CONEY ISLAND
Facing Direction East
Garage Y/N false
Total Rooms 15
Full Baths 3
Status Active
Directions Driving South on Gulf Blvd and go over the bridge. Take your first right onto 127th. Take your first left onto Sunshine Lane. It is on your right.
City TREASURE ISLAND
Body of Water GULF OF MEXICO
Senior Community Y/N false
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Lot Size Units Square Feet
Lot Size Square Feet 3838
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 5293.65
Additional Parcels Y/N true
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/W7885505
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 3
Legal Description CONEY ISLAND BLK 4 LOT 3
Water View Beach Gulf/Ocean - Full
Water Access Type Beach Gulf/Ocean
Minimum Lease 1-7 Days
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE
In Law Suite YN false
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Interior
Interior Amenities Ceiling Fan(s) Stone Counters Window Treatments
Flooring Luxury Vinyl Tile
Furnished Y/N Furnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Outside
Total Bedrooms 5
Total Baths 3
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Exterior
Exterior Amenities Lighting Private Entrance Private Yard
Water Source Public
Lot Size Area 3838
Foundation Details Slab Stilt/On Piling
Building Area Total 2028
Lot Dimensions 39 x 100
Lot Size Acres 0.28
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N true
Number of Lots 2
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* Excluded Features
List By
bbello121@gmail.com

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Affordability Calculator

$20,962
Per Month
98%
2%
0%
Monthly Principal & Interest
$20,521
Monthly Property Taxes
$441
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2026$3,250,000 Listed Price

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12609 SUNSHINE LANE, Treasure Island, FL, 33706 is a Single Family Home for sale at $3,250,000 with 2,028 sqft and a lot size of 0.28. 12609 SUNSHINE LANE has 5 bedrooms, 3.0 baths, and was built in 1951. The property's zip code is 33706 which is in Treasure Island, FL