The Laughing Lizard property and business is For Sale! Located at 2211 Gulf Blvd., Indian Rocks Beach, Florida (400 feet from the beach) this multi family mixed use 5000 SF building with 4500 SF of air conditioned space is ideal for a variety of business and residential purposes.
Three distinct units make up the property including:
Eight on site parking spaces, 2 in an oversized garage, 2 carport spaces, 3 outside spaces and 1 handicapped space provide ample parking.
When operated as a bed and breakfast the 4 BR primary residence and studio constituted the 5 guest rooms and the owner manager resided in the 2 BR 2 Bath apartment. The units have also been rented seasonally (short term vacation rentals) and annually in addition to the B&B operation. Currently the studio and 2 BR apartment are rented annually to a Realtor and full time resident, respectively, with the owner residing in the 4 BR primary residence. Truly a “mixed use” “multi family” property for the Tampa/Clearwater/St. Petersburg area.
The Cash on Cash Return table illustrates the potential financial rewards of operating the beach property at 2211 Gulf Blvd., Indian Rocks Beach, Fl; AKA the Laughing Lizard, under various operating scenarios. These scenarios attest to the flexibility of the property without the need for structural alterations. The B&B scenarios assume owner occupancy of the 2BR 2 Bath apartment.
After nine years as successful Innkeepers Bill and Cindi have decided to afford themselves even more time to pursue their passions: travel, skiing and hiking and grandchildren!
Innkeeping is a wonderful and profitable experience from economic, personal enrichment and health perspectives. Bill often says “having something positive to do each morning is a godsend for good mental and physical health.”
Innkeeping provides an outlet opportunity for a little of everything: creative energy, social interaction, productivity, sense of accomplishment and income. Income and cash flow to supplement retirement, provide investment or primary income, build equity and provide cash to fund the fun stuff.
Bill and Cindi’s role in operating the Laughing Lizard was handling the “front of the house” and management and administration. This entailed guest contact and interaction, handling breakfast and wine tasting and setting in motion all the “back office” functions that round out the persona and appearance of the Laughing Lizard. The “back office” functions included cleaning and maintenance, business accounting, advertising, etc. that were accomplished by part time contract employees and professional services or business entities. If you’re interested have a conversation with Bill or Cindi and explore the art or making innkeeping look and be easy.
Contact us at 727.595.7006 or firstname.lastname@example.org for more information. Proof of funds or mortgage commitment may be required. We look forward to hearing from you.
The 4 BR 4 Bath primary residence will be available soon, email to check on availability.
The 2 BR 2 Bath apartment, currently rented, email to check availability.
The studio, suitable and zoned for “office” or “residential” uses, is currently rented, email to check availability.
Please send an email to email@example.com to inquire about rental opportunities.
2211 Gulf Blvd., Indian Rocks Beach, Fl 33785
|Owner Occupied B&B 70% Occupancy||$172,000. NOI||$172,000. NOI||$172,000. NOI|
|CASH ON CASH RETURN:||80%||40%||32%|
|Owner Occupied B&B 50% Occupancy||$116,000. NOI||$116,000. NOI||$116,000. NOI|
|CASH ON CASH RETURN:||53.9%||26.9%||21.5%|
|3 Seasonal Rentals||$94,000. NOI||$94,000. NOI||$94,000. NOI|
|CASH ON CASH RETURN:||43.7%||21.8%||17.4%|
|3 Annual Rentals||$52,000. NOI||$52,000. NOI||$52,000. NOI|
|CASH ON CASH RETURN:||24%||12%||9%|
At 20% down annual rental of two units and owner occupancy of the 4 BR 4 Bath unit yields a 5.5% cash on cash return on top of equity growth due to increased valuations.
The Laughing Lizard…
It’s more than just great sunsets
and waves lapping at the shore.
It’s wonderful restaurants, museums, galleries,
shops and so much fun —
even the lizards are laughing.
Come in and stay for a few nights, a week or…
The Laughing Lizard is a tin-roofed, three-story, Key Westy island home built in 2005, located in the quaint island community of Indian Rocks Beach just south of Clearwater Beach in the Tampa Bay area on Florida’s west coast. This casual residence is a contemporary throwback to the cottage-style architecture that speaks to Indian Rocks Beach’s roots.
This multi family, mixed use property lets you choose between the charm and coziness of the Island Iguana studio apartment; seclusion and privacy of the 2 bedroom 2 bath Lizard Loft; or spaciousness and casual elegance of the 4 bedroom 4 bath Lizard Lair.
His recent adventures with Cindi include Barcelona, Spain and the French Riviera; Ireland; a month tour of the Scandinavian and Baltic countries (Cindi picked up her Volvo in Gothenburg, Sweden); 7 day bike/barge tour in Burgundy, France; Cairn, Sydney, Blue Mountains and Tasmania in Australia and New Zealand’s North and South Islands. In 2013 they spent five weeks in China and Nepal and separate trips to California’s wine country and North Carolina mountains. A bike/barge trip on the Danube River from Passau, Germany to Budapest, Hungary with a pre-trip exploration of northern Croatia highlighted 2015.
In 2014 Bill and Cindi spent one month in Italy with stops in Venice, Florence, Rome, Sicily, Aeolian Islands (week long boat/bike tour), Calabria and Puglia. The highlight was visiting Bill’s grandfathers boyhood home and meeting a cousin!
Planned for 2016 are trips to Cape Cod, the annual ski trip and a multi week adventure to Scotland and perhaps add on to Dublin, Iceland or Amsterdam, time permitting.Cindi also has an extensive travel resume. She hitchhiked through Europe one summer while in college and has visited Costa Rica, Mexico, Canada, Greece, the old Yugoslavia, and most of the rest of Europe, Nepal and China. Cindi managed a ski club in Tampa and led trips to almost every ski area in Colorado, Whistler in British Columbia, Jackson Hole, Wyoming and more. She finished her “working” career in the construction industry as an interior designer, most recently on a high rise building on Tampa’s Harbor Island.
Bill, you can call him “Mayor Bill,” served on the Indian Rocks Beach City Commission for six years, three as Mayor. He also was an officer and served on the corporate boards of two professional firms providing engineering, architecture, environmental and planning services. He was also Executive Director of a multi county government agency in Florida.
Bill and Cindi’s residence is currently the Lizard Lair, and if they’re not on another adventure, they look forward to welcoming you to the Laughing Lizard. They are in the process of building a new home in Safety Harbor as their new travel adventure base. They are considering ‘log cabin’ construction, one more ‘adventure’! When the new home is finished the Laughing Lizard will be comprised of 3 annual or seasonal rentals unless the new owners decide to continue B&B operation.