12609 SUNSHINE LN

$3,250,000

5Bedrooms
3Bathrooms
2,028Sq Ft
1951Year Built
N/AGarage
1Days on Market
0.28 acLot Size

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

MLS #
MFRW7888215
PRICE
$3,250,000
STATUS
Active
BEDROOMS
5
BATHROOMS
3
FULL BATHS
N/A
HALF BATHS
N/A
SQUARE FOOTAGE
2,028 sqft
ACRES
0.28
YEAR BUILT
1951
TYPE
Duplex
STYLE
N/A

Amenities

AMENITIES
N/A
PARKING
N/A
VIEW
No
WATERFRONT
Yes
POOL
No

Exterior

STYLE
N/A
CONSTRUCTION
Block, Frame
FOUNDATION
Slab, Stilt/On Piling
ROOF
Built-Up
FENCING
N/A
LOT DESCRIPTION
N/A

Additional Information

DATE LISTED
August 2, 2026
DAYS ON MARKET
1
ZONING
N/A
DIRECTION FACES
N/A
NEW CONSTRUCTION
No
SPECIAL CONDITIONS
None

Community Information

ADDRESS
12609 SUNSHINE LN
SUBDIVISION
Coney Island
CITY
Treasure Island
COUNTY
Pinellas
STATE
FL
ZIP CODE
33706
SENIOR COMMUNITY
No

Interior

INTERIOR FEATURES
Ceiling Fans(s), Stone Counters, Window Treatments
HEATING
Central, Electric, Heat Pump
COOLING
Central Air, Mini-Split Unit(s)
FLOORING
Tile, Luxury Vinyl
FIREPLACE
N/A
STORIES
N/A
APPLIANCES
Dishwasher, Dryer, Microwave, Refrigerator, Washer, Range

School Information

DISTRICT
N/A
ELEMENTARY
N/A
MIDDLE
N/A
HIGH
N/A

Location

Similar Properties

265 115TH AVE — home for sale

$834,900

265 115th ave

4bd
2ba
2,992sqft

LPT REALTY, LLC.

108 125TH AVE — home for sale

$1,575,000

108 125th ave

4bd
6ba
2,080sqft

CENTURY 21 BEGGINS

2604 SW 31ST PL — home for sale

$284,900

2604 sw 31st pl

4bd
4ba
1,800sqft

KELLER WILLIAMS GAINESVILLE REALTY PARTNERS