Cavanaugh sells Tropical Sands Accommodations

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By John Morton

Tropical Sands Accommodations, which former Siesta Key Chamber of Commerce President Steve Cavanaugh started in 2006, was sold by Cavanaugh on April 30 to Anna Maria Island-based Prime Vacations.

Steve Cavanaugh

The new owner will keep the existing employees and operate out of the same office at 5116 Ocean Blvd., in the Village’s Davidson Plaza, Cavanaugh said.

Tropical Sands Accommodations represents nearly 600 units on Siesta Key, he added.

He did not feel comfortable revealing the price tag on the sale, other than to say “It’s a good number.”

Meanwhile, Cavanaugh’s other business interest as a broker with RE/MAX on the top floor in the building that formerly held Crescent Beach Grocery, at 1211 Old Stickney Point Rd., remains intact. Whether he stays there after that building sold in April remains uncertain, Cavanaugh said.

The small office below him, which sits between the now-defunct Crescent Beach Grocery and the Coconuts boutique and that provided additional RE/MAX space, it likely to be occupied by Meaney’s Mini Donuts as a second Siesta Key location, Cavanaugh said.  

That business exists in the Village on Canal Road in a building owned by Chris Brown, who owns several Village properties and is the recent buyer of the Crescent Beach Grocery building.

Speaking of that building, Brown said there isn’t much new to report on finding a replacement business for the grocery store, which ceased operations in April after 70 years, nor are the rental agreements with RE/MAX and Coconuts settled.

Brown said step one is to give the building an exterior facelift, with interior updates to follow but when and how based upon how things stand with his renters.

Designs, permits, and other variables will dictate how fast that moves along, Brown said.

“Things take time. They need to manifest, they need to evolve,” Brown said of both refurbishment and pursuit of a tenant for the grocery store space. “Putting up a ‘for lease’ sign up is typically not how I do things.”

Brown reiterated that he still hopes he can land another grocer that wants to move in.

“If it’s not a grocer, it won’t be from a lack of effort,” he said.

John Morton
Author: John Morton

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