12609 Sunshine Lane, Treasure Island, FL 33706
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: robert bello, jr
Office: dalton wade inc
MLS#:W7885505
Source:MFRMLS
Price summary
- Price:$3,250,000
- Price per sq. ft.:$1,602.56
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 invluded that is in front of the lot with the houses....
Contact an agent
Home facts
- Year built:1951
- Listing ID #:W7885505
- Added:54 day(s) ago
- Updated:June 29, 2026 at 02:07 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Luxury Vinyl, Tile
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator, Stone Counters
- Living area:2,028 sq. ft.
Heating and cooling
- Cooling:Central Air, Mini-Split Unit(s)
- Heating:Central, Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Built-Up
- Year built:1951
- Building area:2,028 sq. ft.
- Lot area:0.28 Acres
- Construction Materials:Block, Frame
- Exterior Features:Lighting
- Foundation Description:Slab, Stilt/On Piling
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$3,250,000
- Price per sq. ft.:$1,602.56
- Tax amount:$5,294 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Cable Connected, Ceiling Fans(s), Stone Counters, Window Treatments
- Pool features:Public Pool
New listings near 12609 Sunshine Lane
- New
$1,050,000Active0.22 Acres10246 Tarpon Drive, TREASURE ISLAND, FL 33706
MLS# TB8523584Listed by: CENTURY 21 JIM WHITE & ASSOC - New
$1,395,000Active3 beds 3 baths1,828 sq. ft.24 Marina Terrace, TREASURE ISLAND, FL 33706
MLS# TB8523500Listed by: COLDWELL BANKER REALTY - New
$975,000Active4 beds 6 baths4,188 sq. ft.27 Dolphin Drive, TREASURE ISLAND, FL 33706
MLS# TB8522836Listed by: ACCESS PARADISE REALTY - New
$260,000Active1 beds 2 baths885 sq. ft.450 Treasure Island Causeway #106, TREASURE ISLAND, FL 33706
MLS# TB8519887Listed by: KM LEGACY GROUP - New
$1,299,000Active3 beds 3 baths1,650 sq. ft.108 125th Avenue, TREASURE ISLAND, FL 33706
MLS# TB8521961Listed by: CENTURY 21 BEGGINS - New
$328,500Active1 beds 2 baths885 sq. ft.450 Treasure Island Causeway #102, TREASURE ISLAND, FL 33706
MLS# TB8492122Listed by: COLDWELL BANKER REALTY - New
$292,457Active1 beds 2 baths885 sq. ft.450 Treasure Island Causeway #111, TREASURE ISLAND, FL 33706
MLS# TB8521356Listed by: FLORIDA EXECUTIVE REALTY - New
$499,000Active3 beds 3 baths2,090 sq. ft.1 Key Capri #209E, TREASURE ISLAND, FL 33706
MLS# TB8515491Listed by: RE/MAX ACTION FIRST OF FLORIDA - New
$1,395,000Active5 beds 3 baths2,449 sq. ft.12201 Gulf Boulevard, TREASURE ISLAND, FL 33706
MLS# TB8520837Listed by: JAY ALAN REAL ESTATE
$699,000Active3 beds 2 baths1,935 sq. ft.10355 Paradise Boulevard #1010-1011, ST PETERSBURG, FL 33706
MLS# TB8514404Listed by: COMPASS FLORIDA LLC