Property
ActiveResidential
1/54
$3,250,000

12609 SUNSHINE LANE

Treasure Island, FL 33706
5
Beds
3
Baths
2,028
SqFt
0.28
Acres
STELLAR
#W7885505
Updated: Jun 15, 2026, 4:38pm

Property Description

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.
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Included Appliances
DishwasherDryerMicrowaveRangeRefrigeratorWasher

Property Details

Highlights
Waterfront
Yes
Interior
Appliances
DishwasherDryerMicrowaveRangeRefrigeratorWasher
Bathrooms Total Decimal
3
Building Area Total
2028
Cooling
Central AirMini-Split Unit(s)
Flooring
Luxury VinylTile
Furnished
Furnished
Heating
CentralElectricHeat Pump
Interior Features
Ceiling Fan(s)Stone CountersWindow Treatments
Laundry Features
Outside
Living Area
2028
Rooms Total
15
Construction
Building Area Source
Owner
Building Area Units
Square Feet
Construction Materials
BlockWood Frame
Direction Faces
East
Foundation Details
SlabStilt/On Piling
Levels
Two
Living Area Source
Owner
Living Area Units
Square Feet
Roof
Built-Up
Stories Total
2
Year Built
1951
Site & Exterior
Exterior Features
LightingPrivate EntrancePrivate Yard
Flood Zone Code
AE
I D X Participation
Yes
Lot Size Acres
0.28
Lot Size Area
3838
Lot Size Dimensions
39 x 100
Lot Size Square Feet
3838
Lot Size Units
Square Feet
Number Of Lots
2
Public Survey Range
15
Public Survey Section
15
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
Cable ConnectedElectricity ConnectedSewer Connected
Water Access
Yes
Water Body Name
GULF OF MEXICO
Water Source
Public
Water View
Yes
Waterfront
Yes
Waterfront Features
BeachGulf/Ocean
Waterfront Feet Total
80
Financials
Additional Parcels
Yes
Additional Parcels Description
22-31-15-17820-008-0030
Calculated List Price By Calculated Sq Ft
1602.56
Contract Status Change Date
2026-05-06
Current Price
3250000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
1-7 Days
Ownership
Fee Simple
Parcel Number
153115177840040030
Public Survey Township
31
Tax Annual Amount
5293.65
Tax Block
4
Tax Book Number
5-34
Tax Legal Description
CONEY ISLAND BLK 4, LOT 3
Tax Lot
3
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Subdivision Name
CONEY ISLAND
Listing provided courtesy of STELLAR via IDX. Updated: Jun 15, 2026, 4:38pm.
Robert Bello, JR

Listing Agent

DALTON WADE INC

Call Agent