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12609 SUNSHINE LANE, TREASURE ISLAND, 33706

$3,250,000

5

Beds

3

Baths

2,028 ft2

Property Size

1951

Year Built

About The Property

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.

Property Details

Property Id: 291637
Price: $3,250,000
Property Size: 2,028 ft2
Property Lot Size: 0 ft2
Rooms: 15
Bedrooms: 5
Bathrooms: 3
BathroomsFull: 3
BuildingAreaTotal: 2028
ConstructionMaterials: Block, Wood Frame
Cooling: Central Air, Mini-Split Unit(s)
CumulativeDaysOnMarket: 67
DaysOnMarket: 67
DirectionFaces: East
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.
Flooring: Luxury Vinyl, Tile
Furnished: Furnished
Heating: Central, Electric, Heat Pump
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Outside
Levels: Two
ListAOR: Suncoast Tampa
ListAgentFullName: Robert Bello, JR
ListOfficeName: DALTON WADE INC
ListingContractDate: 2026-05-05
ListingId: W7885505
ListingTerms: Cash, Conventional, FHA, VA Loan
LivingAreaSource: Owner
LivingAreaUnits: Square Feet
LotSizeArea: 3838
LotSizeDimensions: 39 x 100
LotSizeSquareFeet: 3838
LotSizeUnits: Square Feet
MLSAreaMajor: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
MlsStatus: Active
ModificationTimestamp: July 12, 2026 at 02:52pm
OnMarketDate: 2026-05-06
OriginalListPrice: 3250000
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
PhotosChangeTimestamp: June 15, 2026 at 06:11pm
PhotosCount: 54
PostalCode: 33706
Roof: Built-Up
Sewer: Public Sewer
SpecialListingConditions: None
StateOrProvince: FL
StoriesTotal: 2
StreetName: SUNSHINE
StreetNumber: 12609
StreetSuffix: LANE
Utilities: Cable Connected, Electricity Connected, Sewer Connected
WaterBodyName: GULF OF MEXICO
WaterSource: Public
WaterfrontFeatures: Beach, Gulf/Ocean
YearBuilt: 1951

Amenities and Features

Other Features
1
Ceiling Fan(s)
Dishwasher
Dryer
Has Cooling System
Has Heating System
Has Waterfront
Lighting
Microwave
Private Entrance
Private Yard
Range
Refrigerator
Stone Counters
Washer
Window Treatments

Map Location

Property Map

Mortgage Calculator

Payment Calculator

$16,663.39
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 12,600.89

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Disclaimer

Property ID - | 291637

All listings featuring the Stellar MLS logo are provided by My Florida Regional MLS DBA Stellar MLS. This information is not verified for authenticity or accuracy and is not guaranteed. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

©2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved.

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Selinda Moore