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$2,833,525

Beautiful South Pasadena apartment building. Exceptional opportunity to acquire Hibiscus Place Apartments, a rare,12-Unit Multifamily Investment in South Pasadena, Florida. This architecturally unique, high-demand, apartment building features a private central courtyard which showcases a double return central staircase and is located in an upscale residential neighborhood only one block from Boca Ciega Bay. The property is currently 100% occupied, generating approximately $228,920 in annual gross income. The offering represents an attractive opportunity to acquire an established, income-producing multifamily asset in a highly sought-after Gulf Coast location at a 5.4% cap rate. 12 units - Two 2 bedroom/2 bath, Two 2 bedroom/1 bath and Eight 1 bedroom/1 bath. In last 5 yrs - 30 year roof coating 2023, 5 new air conditioning units, updated laundry facilities, multiple kitchen/ bathroom/ flooring/ appliances, two asphalt parking lots updated and maintained regularly, landscape upgrades. 16 parking spaces (10 in front and second lot in the back. Short drive to St Pete Beach. Walk to shopping and restaurants.

Pasadena On The Gulf Sec C SubDv. ⋅ 33707 Zip Code

7025 Hibiscus Avenue S, South Pasadena

$3,395,000

Virtually Staged. A MODERN WATERFRONT ESTATE, DESIGNED WITHOUT COMPROMISE. Set along 80 feet of Intracoastal waterfront in Pasadena Isle, this newly completed residence by Everstone Development presents a sophisticated interpretation of Florida coastal living—where striking architecture, thoughtful functionality and resort-caliber amenities converge. Encompassing 4,434 SF of refined living space and more than 8,200 total SF, the 5-bedroom residence is framed by mature palms and lush, established landscaping, creating a private tropical arrival. Inside, soaring ceilings and approximately 80 feet of dramatic floor-to-ceiling glass place the water at the center of the experience, capturing sweeping views across the pool and Intracoastal beyond. Reflective window film adds daytime privacy without compromising the views. At the heart of the home, the chef’s kitchen is designed around TWO SUBSTANTIAL ISLANDS—one for preparation and one for seating and service—complemented by solid wood cabinetry, stone surfaces, built-in appliances and wine refrigeration. Indoor living transitions effortlessly to an expansive covered lanai and exceptional waterfront setting with a POOL & HEATED SPA, outdoor kitchen and generous spaces for dining, entertaining and relaxing beside the water. The ground level has been conceived as a true RESORT FLOOR rather than simply utilitarian space, opening directly to the pool and continuing naturally to the PRIVATE DOCK. With 80 feet of waterfront and dockage designed to accommodate larger vessels, the property offers exceptional access for enjoying life on the water. A DESIGNER ELEVATOR WITH STAINLESS-STEEL DOORS serves every level, while the expansive FOUR-CAR GARAGE provides generous room for vehicles, storage and the boating, beach and recreational equipment that accompany the Florida lifestyle. Five bedrooms, 4 full and 2 half baths, a private media room and multiple indoor and outdoor entertaining environments allow the residence to transition effortlessly from quiet everyday living to large-scale entertaining. Beyond the property, the location captures the best of the Gulf Coast lifestyle—minutes from the sugar-sand beaches, boating and waterfront recreation, with nearby dining, shopping and everyday conveniences, while vibrant downtown St. Petersburg is approximately 20 minutes away. Here, days can begin on the water, move effortlessly to the beach and end over dinner downtown. 7176 South Shore Drive is not simply a home positioned on the water. It is a residence designed around it—where architecture, recreation and resort living converge, and the Gulf Coast lifestyle begins at your back door.

5 Beds ⋅ 7 Baths ⋅ Pasadena Isle SubDv. ⋅ 33707 Zip Code

7176 S Shore Drive S, South Pasadena

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