Under contract-accepting backup offers. SELLER FINANCING AVAILABLE! Welcome to the Blue Waters, your perfect beachfront escape vacation rental hotel. Nestled along the stunning Gulf of Mexico, this hotel offers guests an idyllic retreat filled with sun, sand, and endless activities. Situated in the heart of Treasure Island, Blue Waters places you just steps away from pristine white sandy beaches and crystal-clear waters. With 13 units spread out across 13 parcels and already set up as condos, the opportunities abound. The units range from studios, one bedrooms and two bedroom to appeal to all travelers. Renovate and continue operating as a daily rental hotel or explore the future use with the approved six unit townhomes with Gulf views. The units are spread across six cottages and a larger inn building. Ample off street parking makes running this hotel on Sunset Beach a breeze, a rarity for this area. All units feature a kitchenette. The outdoor courtyard area with pool is a highlight of the Blue Waters, where guests can unwind in a serene setting, go for a refreshing dip, lounge under the Florida sun or enjoy barbecues and outdoor dining options, making it easy to savor delicious meals in the warm coastal air. A laundry room is also on site. This property appeals to guests who are looking to relax under the sun and explore the vibrant local scene. The prime location provides easy access to water sports, dining, and shopping. Activities such as paddle boarding, parasailing, and jet skiing are close by on both St Pete Beach and Treasure Island. The beach is just steps across the street with beach views available from the property most days. The hotel sustained water intrusion from Hurricane Helene. SELLER FINANCING IS AVAILABLE ON PURCHASE AND REPAIR COSTS! Additional information upon request. Located in the St Petersburg / Tampa metro area. Serviced by Tampa International Airport, St Pete Clearwater International Airport and Sarasota Bradenton International Airport.