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$4,875,000 Just Listed
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Property Description
Introducing the Park Shore Boutique & Park Shore Suites-a meticulously assembled 19-unit hospitality offering just steps from the sugar-white sands, providing a rare opportunity to acquire a fully operational, design-forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12-unit Park Shore Boutique, delivering stable, long-term income through thoughtfully designed unfurnished residences, and the 7-unit Park Shore Suites, a fully furnished, high-performing short-term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annually-with zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort-style pool environment, creating a boutique hospitality experience that rivals larger-scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scale-offering a truly plug-and-play investment for the sophisticated hotelier. For the portfolio buyer, this is not a project-it's a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world-class dining, entertainment, and the Gulf's iconic shoreline, this offering delivers both lifestyle prestige and institutional-grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisition-refined, complete, and ready to perform from day one.
Full Property Details
Full Property Details for 523 72nd Ave
General
- Price: $4,875,000
- Taxes: $20,890 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: TB8498298
- Updated: 4/18/2026
- Added to Site: 4 day(s) ago
Rental Information
- Complex Features: Bathrooms, Common Lighting, Fencing, Furnished, Kitchen Facility, On Site Shower, Pool/Spa, Stone Counter, Trash Removal
Interior
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Flooring: Luxury Vinyl, Tile
Location
- Area: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
- County: Pinellas
- Development Name: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
- Subdivision: ST PETERSBURG BEACH REP
- Driving Directions: From 72nd Ave, hotel is on the right.
Community
- Community Name: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
- Community Features: Beach Area, Sidewalks
Heating & Cooling
- Cooling Type: Central Air, Mini-Split Unit(s)
- Heating Type: Central, Electric, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Public, Water Connected
Structural Information
- # Buildings: 3
- Exterior Const.: Block
- Roof: Membrane, Shingle
- Windows: Insulated Windows, Window Treatments
- Stories/Levels: Two
- Square Feet: 8,137
- Sq. Ft. Source: Public Records
- Year Built: 1947
Lot Features
- Lot Size (Acres): 0.44
- Lot Size (Sq. Ft.): 19,323
- Lot Size: 19323
- Lot Dimensions: 89 x 215
- Frontage: Street Lights, Street Paved, City Street
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Tax Amount: $20,890.59
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: ST PETERSBURG BEACH REPLAT BLK 46, LOTS 9 & 10 & THAT PART OF LOTS 11, 12, 13 & 14 DESC BEG MOST S'LY COR OF LOT 11 TH N30DW 215FT TO MOST W'LY COR OF LOT 12 TH N60DE 18.5FT TH S30DE 50.80FT TH N60DE 34.91FT TH S25D09'28"E 164.79FT TH S60DW 39.50FT TO POB
- Flood Zone Info: AE
- APN: 363115779940460090
- Property ID: 363115779940460090
- Block/Lot/Section: 46
Listed by Compass Florida Llc
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Schools
Schools serving 523 72nd Ave
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Azalea Elementary School 1680 74th St N, St. Petersburg, FL 33710 | PK-5 | 3.4 mi |
Azalea Middle School 7855 22nd Ave N, St. Petersburg, FL 33710 | 6-8 | 3.7 mi |
Boca Ciega High School 924 58th Street South, Gulfport, FL 33707 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 523 72nd Ave
Date
Details
Price
Change
Source
4/15/2026
Listed
$4,875,000
699.18%
MLS
9/14/2012
Sold
$610,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 523 72nd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,891
-12%
$1,275,000
-15%
2024
$23,840
—
$1,500,000
1%
2023
$23,778
14%
$1,490,000
24%
2021
$20,829
-7%
$1,200,000
-17%
2022
$22,422
8%
$1,440,000
31%
2021
$20,829
11%
$1,100,000
5%
2019
$18,727
5%
$1,050,000
6%
2018
$17,880
7%
$995,000
9%
2017
$16,705
8%
$915,000
10%
2016
$15,488
4%
$835,000
6%
2015
$14,938
2%
$790,000
2%
2014
$14,699
3%
$777,700
2%
2013
$14,327
—
$760,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 523 72nd Ave
523 72nd Avenue, Saint Pete Beach, FL 33706 (MLS# TB8498298) is a Commercial property. 523 72nd Avenue is currently listed for $4,875,000 and was received on April 15, 2026. Want to learn more about 523 72nd Avenue? Do you have questions about finding other Commercial real estate for sale in Pass A Grille Beach? You can browse all Pass A Grille Beach real estate or contact a Coldwell Banker agent to request more information.

