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$2,833,525

7025 Hibiscus AvenueSouth Pasadena, FL 33707

Listing updated: October 12, 2026 at 4:28 PM ET

Active

Listing courtesy of Viewpoint Realty International · Georgette Gillis · MLS #TB8555883 · Active · 727-584-7355

Baths

8,834

Sq Ft

0.34

Acres

1974

Built

◆$321/sqft◆360° tour

Multi-Family 5+

Property type

1974

Year built

14,815 sqft

Lot size

$321

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$14,328

Property taxes$1,864

Home insurance (est.)$1,299

Down payment

20%

$566,705 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history3 days on market

Status: Active
Oct 9, 2026
Listed$2,937,456
Oct 9, 2026
Price reduced$2,833,525

Facts & features

Property type: Commercial Sale
Sub type: Multi-Family 5+
Status: Active
Days on market: 3
Subdivision: Pasadena On The Gulf Sec C
County: Pinellas
Year built: 1974
Living area: 8,834 sq ft
Price/sq ft: $321
Lot size: 14,815 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: AE (12103C0213H)
Annual taxes: $22,371 (2025)
Parcel #: 30-31-16-67518-061-0150
MLS #: TB8555883

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Interior Details

Direction faces: Southwest

Heating & Cooling

Heating: Central
Cooling: Central Air

HOA & Financial

Total monthly fees: None
Total annual fees: None
Listing terms: Cash, Commercial Financing
Ownership: Fee Simple

Exterior & Construction

Construction materials: Block, Concrete, Stucco
Roof: Built-Up
Foundation: Slab
Road surface: Asphalt, Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Electricity Available, Water Connected

Listing Details

Listing date: 2026-10-09
On market date: 2026-10-09
Original list price: $2,937,456
MLS area: 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch
Listing AOR: Suncoast Tampa
Status changed: 2026-10-09
Tax legal description: PASADENA ON THE GULF SEC C BLK 61, LOT 15 & SE'LY 15 FT OF LOT 14

Flood risk

High riskFEMA Zone AEPanel 12103C0213H

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Pasadena Ave S - South of Central to right on Hibiscus Ave S to address on the right.

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IDX information is provided exclusively 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.

Based on information submitted to the MLS GRID as of October 12, 2026 at 4:28 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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