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$2,937,456 Just Listed
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Property Description
Beautiful South Pasadena apartment building. Exceptional opportunity to acquire Hibiscus Place Apartments, a rare,12-Unit Multifamily Investment in South Pasadena, Florida. This architecturally unique, high-demand, apartment building features a private central courtyard which showcases a double return central staircase and is located in an upscale residential neighborhood only one block from Boca Ciega Bay. The property is currently 100% occupied, generating approximately $228,920 in annual gross income. The offering represents an attractive opportunity to acquire an established, income-producing multifamily asset in a highly sought-after Gulf Coast location at a 5.4% cap rate. 12 units - Two 2 bedroom/2 bath, Two 2 bedroom/1 bath and Eight 1 bedroom/1 bath. In last 5 yrs - 30 year roof coating 2023, 5 new air conditioning units, updated laundry facilities, multiple kitchen/ bathroom/ flooring/ appliances, two asphalt parking lots updated and maintained regularly, landscape upgrades. 16 parking spaces (10 in front and second lot in the back. Short drive to St Pete Beach. Walk to shopping and restaurants.
Full Property Details
Full Property Details for 7025 Hibiscus Ave S
General
- Price: $2,937,456
- Taxes: $22,370 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: TB8555883
- Updated: Today (10/9/2026)
- Added to Site: Today
Location
- Area: 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch
- County: Pinellas
- Development Name: 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch
- Subdivision: PASADENA ON THE GULF SEC C
- Driving Directions: Pasadena Ave S - South of Central to right on Hibiscus Ave S to address on the right.
- Direction Faces: Southwest
Community
- Community Name: 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Concrete, Stucco
- Roof: Built-Up
- Square Feet: 8,834
- Sq. Ft. Source: Public Records
- Year Built: 1974
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 14,815
- Lot Size: 14815
- Lot Dimensions: 85 x 176
- Frontage: City Street
- Street/Road Desc.: Asphalt, Paved
Financial Considerations
- Tax Amount: $22,370.64
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PASADENA ON THE GULF SEC C BLK 61, LOT 15 & SE'LY 15 FT OF LOT 14
- Flood Zone Info: AE
- APN: 303116675180610150
- Property ID: 303116675180610150
- Block/Lot/Section: 61
Listed by Viewpoint Realty International
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Schools
Schools serving 7025 Hibiscus Ave S
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Azalea Elementary School 1680 74th St N, St. Petersburg, FL 33710 | PK-5 | 1.8 mi |
Azalea Middle School 7855 22nd Ave N, St. Petersburg, FL 33710 | 6-8 | 2.2 mi |
Boca Ciega High School 924 58th Street South, Gulfport, FL 33707 | 9-12 | 1.8 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 7025 Hibiscus Ave S
Date
Details
Price
Change
Source
10/09/2026
Listed
$2,937,456
—
MLS
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 7025 Hibiscus Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,371
-4%
$1,200,000
-6%
2024
$23,254
-5%
$1,275,000
-4%
2023
$24,545
17%
$1,330,000
18%
2021
$20,941
-7%
$1,125,000
-8%
2022
$22,536
8%
$1,220,000
14%
2021
$20,941
16%
$1,070,000
9%
2019
$18,027
4%
$985,000
5%
2018
$17,353
37%
$940,000
22%
2017
$12,671
17%
$770,000
34%
2016
$10,819
1%
$575,000
4%
2015
$10,693
12%
$555,000
5%
2014
$9,507
11%
$527,800
11%
2013
$8,568
—
$475,000
—
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 7025 Hibiscus Ave S
7025 Hibiscus Avenue S, South Pasadena, FL 33707 (MLS# TB8555883) is a Commercial property. 7025 Hibiscus Avenue S is currently listed for $2,937,456 and was received on October 09, 2026. Want to learn more about 7025 Hibiscus Avenue S? Do you have questions about finding other Commercial real estate for sale in South Pasadena? You can browse all South Pasadena real estate or contact a Coldwell Banker agent to request more information.

