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ONE Inn and Suites 635 Bay St NE 10 Room Bed and Breakfast Saint Petersburg, FL 33701 $3,998,897 CAD ($399,890 CAD/Room)

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INVESTMENT HIGHLIGHTS

  • LEGAL SHORT TERM RENTAL
  • Two blocks from Tampa Bay
  • Located one block north of Downtown St Pete in the Historic Old Northeast neighborhood.
  • 5 minute walk to Beach Dr shops, restaurants, bars, and St Pete Pier
  • GRANDFATHERED USE IN NEIGHBORHOOD TRADITIONAL ZONE (NT-2)

EXECUTIVE SUMMARY

WELCOME TO THE COVETED HISTORIC OLD NORTHEAST NEIGHBORHOOD OF ST PETERSBURG, FL!, Residents and guests delight in the peaceful and picturesque brick streets, where trees form graceful, arching canopies over the homes and sidewalks. Gracefully nestled on a corner lot just one block north of Downtown St. Pete and one block west of The Vinoy, this elegant historic home licensed and presently operating as a Bed & Breakfast, was built circa 1914 and originally named the Boyce Guest House. It was designated a Historic Landmark by the City of St. Petersburg in 1997. A brick U-shaped walkway guides you to the front covered portico and into the grand foyer, featuring an oval trayed ceiling and flanked by four fluted columns. Adjacent to the foyer, you'll find both the expansive formal living and dining rooms, ideal for hosting St Pete short term visitors, group stays, wedding parties, or longer term guests alike. The living room features a gas-plumbed fireplace and seamlessly connects to a charming sunroom facing south for abundant natural light, perfect for enjoying the St. Pete sunshine. Meanwhile, the dining room comfortably accommodates a table large enough to seat 8 to 10 visitors or guests. The chef’s kitchen has been renovated with updated cabinets and appliances, highlighted by a five-burner gas cooktop. Adjacent to the kitchen is a generous laundry room equipped with oversized units, complemented by a full bath for the convenience of the first-floor bedroom (which would be a good choice for an Innkeeper’s room). Connecting the kitchen and dining room is the butler’s pantry, featuring two French doors that open onto the expansive northside porch. This peaceful outdoor space overlooks a serene patio shaded by two magnificent oak trees and surrounded by lush landscaping. The six bedrooms spread across the second and third floors each boast ensuite bathrooms, complete with jacuzzi tubs, except for one (on the third floor) which features an antique clawfoot bathtub. All rooms are flooded with natural light, and one includes a sunroom just above the first-floor sunroom.
The carriage house offers three generous suites available for short-term or long-term rental, or if it is purchased as a family home any one of them can be used as in-law accommodations. The second-floor suites feature vaulted ceilings and a porch, perfect for unwinding and savoring the tranquility of the neighborhood.
This property boasts several standout features, including original oak hardwood floors, stunning stained glass windows, multiple French doors, exposed brick in the sunrooms, a total of 7 central HVAC units, a Carrier generator ensuring continuous electricity during power outages, tankless water heaters powered by gas, updated plumbing and wiring, as well as a spacious patio and shaded parking area.
The location of this property is truly exceptional. It is conveniently situated: just 2 miles from Interstate 275, 18 miles from Tampa International Airport, 13 miles from St. Pete-Clearwater International Airport, and 21 miles from Downtown Tampa. Within the local area, it's only a block away from Downtown St. Pete, 1.5 miles to the Edge District, and 9 miles to the nearest Gulf beaches. Nearby attractions include The Vinoy Resort & Golf Club, multiple bay front parks, The Museum of Fine Arts, the newly revamped St. Pete Pier (including Spa Beach, shopping & restaurants), the Central Yacht Basin, and Beach Drive, renowned for its outstanding restaurants, shops, and lively nightlife.
With its current license and operation as a Bed & Breakfast (allowing both short and long-term stays), it presents a great opportunity for an inn operator or investor. Come enjoy the incredible and consistent growth of St Petersburg, FL; the sun is awaiting you!

PROPERTY FACTS

Price $3,998,897 CAD
Price Per Room $399,890 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Bed and Breakfast
Building Class B
Lot Size 0.17 AC
Building Size 5,662 SF
No. Rooms 10
No. Stories 3
Year Built/Renovated 1925/1998
Parking Ratio 0.88/1,000 SF
Corridor Interior
Zoning NT-2 - Grandfathered use in Neighborhood Traditional (NT-2) Zone.

AMENITIES

  • Balcony
  • High Speed Internet Access
  • Patio
  • Boutique/Lifestyle Hotel
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 3 $188.91 CAD -
Guest Room 7 $168.23 CAD -
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-31-17-04842-007-0100
Land Assessment
$567,460 CAD
Improvements Assessment
$1,752,264 CAD
Total Assessment
$2,319,724 CAD
  • Listing ID: 34616613

  • Date on Market: 2025-01-27

  • Last Updated:

  • Address: 635 Bay St NE, Saint Petersburg, FL 33701

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