12609 SUNSHINE LANE TREASURE ISLAND FL 33706 MLS #W7885505

12609 SUNSHINE LANE
TREASURE ISLAND, FL, 33706
$3,250,000
5 Beds
3 Baths
2,028 SqFt
0.28 Acres
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MLS #W7885505 image #0
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 invluded that is in front of the lot with the houses.

Property Details

Price:
$3,250,000
MLS #:
W7885505
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
CONEY ISLAND
Neighborhood:
33706passagrillebchstpetebchtreasureisl
Listed Date:
May 6, 2026
Finished Sq Ft:
2,028
Total Sq Ft:
2,028
Lot Size:
3,838 sqft / 0.28 acres (approx)
Year Built:
1951
Waterfront33706 – Pass A Grille Bch/st Pete Bch/treasure Isl33706passagrillebchstpetebchtreasureislConey IslandGulf Of Mexico1-7 Days

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Schools

Interior

Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Bathrooms
3 Full Bathrooms
Cooling
Central Air, Mini-Split Unit(s)
Flooring
Luxury Vinyl, Tile
Heating
Central, Electric, Heat Pump
Interior Features
Ceiling Fan(s), Stone Counters, Window Treatments
Laundry Features
Outside
Levels
Two

Exterior

Construction Materials
Block, Wood Frame
Direction Faces
East
Exterior Features
Lighting, Private Entrance, Private Yard
Roof
Built-Up
Waterfront Features
Beach, Gulf/Ocean

Financial

Tax Year
2025
Taxes
$5,294

Map

Community

Subdivisions in TREASURE ISLAND

Market Summary

Current real estate data for Single Family in TREASURE ISLAND as of Jul 12, 2026
112
Single Family Listed
172
Avg DOM
743
Avg $ / SqFt
$1,365,010
Avg List Price

Property Summary

    Located in the CONEY ISLAND subdivision, 12609 SUNSHINE LANE TREASURE ISLAND FL is a Single Family for sale in TREASURE ISLAND, FL, 33706. It is listed for $3,250,000 and features 5 beds, 3 baths, and has approximately 2,028 square feet of living space, and was originally constructed in 1951. The current price per square foot is $1,603. The average price per square foot for Single Family listings in TREASURE ISLAND is $743. The average listing price for Single Family in TREASURE ISLAND is $1,365,010.

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12609 SUNSHINE LANE
TREASURE ISLAND, FL