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12609 SUNSHINE LANE, TREASURE ISLAND, FL - photo 1

$3,189,000

12609 SUNSHINE LANE

TREASURE ISLAND, FL 33706

Estimated payment $16,700/month

no HOA · estimated tax · estimated insurance · 20% down, 6.5%, 30 yr

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5Beds
3Baths
2,028Sq Ft
$1572Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

Powered by Hometrino

(813) 602-0498

Highlights

No HOA
Built in 1951
3,838 sqft Lot

About This Home

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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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:5
  • •Bathrooms:3
  • •Full bathrooms:0
  • •Half bathrooms:0

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:2,028 sqft
  • •Total interior livable area:2,028 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:3,838 sqft

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Duplex
  • •Property subtype:Multifamily

Materials

  • • N/A

Condition

  • •Year built:1951

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Price history

DateEventPrice
2026-08-02T00:00:00.000ZListed for sale$3,189,000$1572/sqft

Listing Agent

Robert Bello, JR

DALTON WADE INC

Brokerage Phone: 888-668-8283

Source: Stellar MLS · MLS #W7888215

Data Powered by Home Junction, Inc.

Nearby

Schools

MADEIRA BEACH FUNDAMENTAL K-8

Elementary · 2.0 mi

AZALEA MIDDLE SCHOOL

High · 2.4 mi

AZALEA ELEMENTARY SCHOOL

Elementary · 2.5 mi

Supermarkets

Hollywood Olive Oil Co.

0.5 mi

Westwind Treasure Island

1.2 mi

Treasure Island Friday Morning Open Air Market

1.3 mi

Dining

Adega Cafe & Wine Bar

0.3 mi

Sea Watch Rooftop Restaurant

0.4 mi

Walt'z Fish Shak

0.4 mi

Parks

Madeira Beach Public Access Park

1.5 mi

Veterans Memorial Park

1.8 mi

War Veteran's Memorial Park

1.9 mi

Beaches

Hubbard's Beach

0.3 mi

Lido Beach

4.5 mi

Pass-a-Grille Beach

5.1 mi

Nearby amenity locations include data © OpenStreetMap contributors.