$3,400,000 for Sale
8630 blind pass road , st pete beach, FL 33706
| Beds 16 | Baths 16 | 10,964 Sqft | 0.50 Acres |
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Property Description
Located on World-Famous St Pete Beach, the Palm Garden Apartments represents an exceptionally rare opportunity to acquire a resort-style, condominium quality coastal multifamily investment property. This meticulously well-maintained, and tastefully appointed fourteen unit, two building luxury rental community has long maintained essentially full-occupancy thus generating a consistently reliable revenue stream. Constructed in 1972 of solid block with poured concrete floors, Palm Garden Apartments is built on a sturdy slab with a durable stucco exterior finish. The unit mix consists of twelve one-bedroom one-bath and two two-bedroom two-bath apartments. All but three apartments have been renovated and feature contemporary luxury kitchens and bathrooms appointed with high-quality fixtures and cabinets, stainless steel appliances, stylish backsplash tile, granite countertops, and European-inspired tile and laminate flooring. Bedrooms are carpeted. A number of major capital improvement projects have been completed in recent years including, but not limited to, new mansards, landscape upgrade with CitraBlue sod, replacement of hot water tanks, resurfaced parking lot, all fuse and breaker boxes upgraded, epoxy resin surfaced hallways, steps and walkways, and replacement of a number of AC units. Apartment layouts are designed with expansive living rooms, dining areas, full-size bathrooms, and a private balcony or patio. Community features include twenty off-street private parking spaces, professionally landscaped grounds shaded by tropical trees, and onsite laundry facilities. Every apartment is individually equipped with modern central heating and air conditioning systems providing year-round comfort. Metered separately, electricity is paid by tenants. City water and trash collection, as well as basic cable with internet service, is provided by the owner. Hot water is supplied by efficient individual in-unit tanks. St Pete Beach regularly ranks among the world’s list of best beaches including one of the Top USA Beach Escapes in 2025 by Good Housekeeping. Palm Garden tenants enjoy a year-round vacation lifestyle with walks for miles on the beach looking for shells in the sand, and dolphins in the surf. The Property is within a short bike ride to public beach access at Upham Beach Park popular for its wide stretches of powdery sand along the glittering emerald-green waters of Florida’s Gulf Coast. After a relaxing day of fun in the sun on St Pete Beach it’s time to shop, dine, and unwind in the Historic Corey Avenue Shopping District. This shopper’s paradise thrives as the heart of St Pete Beach with its historic theater, unique specialty shops, art, craft, and jewelry galleries, clothing stores, and imaginative gift shops. Locals and visitors alike can enjoy a sumptuous meal any time of day at one of the many wonderful Corey Avenue restaurants offering casual fare to fine dining and entertainment. Acquisition of Palm Garden is ideally suited for discerning investors seeking to establish a foothold in one of the most popular coastal beach communities in Florida. Investors interested in acquiring a turnkey, generational family asset to satisfy a 1031 Exchange, or enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Palm Garden Apartments. Please contact the Listing Agent for financial details and additional information regarding the Property and Offering.
General Information
Sale Price: $3,400,000
Price/SqFt: $310
Status: Active
MLS#: TB8462050
City: st pete beach
Post Office: st pete beach
County: Pinellas
Subdivision: st petersburg beach north unit 7
Acres: 0.5
Bedrooms:16
Bathrooms:16
House Size: 10,964 sq.ft.
Acreage: 0.5 est.
Year Built: 1972
Property Type:
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block, Concrete, Stucco
Exterior Misc: Balcony, Dog Run, Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sidewalk, Sliding Doors, Storage
Basement: No
Foundation : Slab
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $18,231
Legal Description: ST PETERSBURG BEACH NORTH UNIT NO. 7 BLK 104, LOTS 1 AND 22

Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Kyle Collins of RE/MAX ACTION FIRST OF FLORIDA, Phone: 727-531-2006