12609 SUNSHINE LANE
TREASURE ISLAND, FL 33706
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.
Facts & features
Interior
- Bedrooms
- 5
- Bathrooms
- 3
- Living area
- 2,028 sqft
- Heating
- Central, Electric, Heat Pump
- Cooling
- Central Air, Mini-Split Unit(s)
- Flooring
- Luxury Vinyl, Tile
- Features
- Ceiling Fans(s), Stone Counters, Window Treatments
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Exterior & lot
- Lot size
- 3,838 sqft (0.28 ac)
- Waterfront
- Yes
- Roof
- Built-Up
- Construction
- Block, Frame
- Exterior
- Lighting, Private Entrance, Private Yard
Financial
- Annual tax
- $5,294 (2025)
- Price / sqft
- $1603/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected
Property
- Property type
- Multi-Family
- Year built
- 1951
- Subdivision
- CONEY ISLAND
- County
- Pinellas
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR801708108
- Source
- Stellar MLS
Listed by Robert Bello, JR · DALTON WADE INC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 12 comparable sales within 1 mile of TREASURE ISLAND, FL. priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $17,298/mo
- Property tax
- $2,438/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Price historySample data
Reference timeline for $3,250,000. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-08 | Listing updated | $3,250,000 | — |
| 2026-06 | Price changed | $3,250,000 | −$65,000 |
| 2026-03 | Listed | $3,315,000 | — |
NeighbourhoodSample data
Reference scores for TREASURE ISLAND, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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