7261 Bay St, St Pete Beach, FL 33706

10% CAP on the water!!! Welcome to Baywaters Inn. This beautiful boutique hotel is on the Intracoastal waterway of Boca Ciega Bay in infamous St Pete Beach. The Site consists of 8 units, six of which are studios, one 2 bedrooms, one 3 bedrooms. The facility features large fishing, sunning and boating dock. The hotel also has patios, firepit and more. Over $1,000,000.00 was recently spent on updating the facility and rooms, as can be seen in the pictures. The Operation is up and running and has high ratings from Google at 4.9 Stars. The Property has 60 ft of frontage on the water with a depth of 170 ft for a total of 10,200 sf of landmass on the water. The Site is just one minute off the Corey Causeway which is the bridge to the mainland from St Petersburg and Pasadena. The hotel is a one minute walk from Downtown St Pete Beach known as Corey Avenue. Also 3 blocks from Gulf Blvd which is the main north-south artery for all the Beaches. Come see this today!!!