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What’s behind the closure of The Club at Treasure Island

On Sunday, crowds of young people paraded The Club at Treasure Island’s poolside, listening to live music and sipping on margaritas. Come Monday, the very same club would suddenly and permanently close its doors. 

St. Petersburg businessman Bill Edwards, who purchased the club in 2009, told the St. Petersburg Catalyst that he “sold” the 7.67-acre waterfront property. Edwards did not disclose the name of the buyer. 

The 36,966-square-foot club, located at 400 Treasure Island Causeway, features a wraparound swimming pool with a sundeck, a tiki bar, a dining restaurant, a 47-slip marina, six tennis courts, a fitness center and a venue space for weddings and events. 

The new owner plans to continue to operate the marina. 

The club was originally for members only. In more recent years, the membership model shifted, opening to the general public. 

“There was some bad zoning that happened in 1981 that made it really difficult to get the most out of the property. We tried to make it work, but the zoning error was too much to overcome, and we decided to move on,” Edwards said.

“It was a wonderful place while it lasted. We had a lot of fun and built a great community, but ultimately it was at my expense, so while I’ll treasure the memories and friends, I’m happy to move on to other projects.” 

Earlier this year, real estate and debt solutions provider Mission Capital announced the sale of the $15 million loan Edwards secured when he acquired the club. 

The loan was amended in March 2020 for $24 million. It matured in late 2022; however, that is when Edwards filed for Chapter 11 bankruptcy protections. 

At that time, Edwards said the club was “coming out of the pandemic and facing challenges with local government, it was the right business decision.” Edwards had filed a lawsuit against the City of Treasure Island due to an ongoing zoning dispute.

While the property is zoned RM-15 for residential use, the allowable density of the property was stripped and transferred to a neighboring lot, according to Mission Capital. 

An April 2023 appraisal valued the property as-is at $18.99 million and the liquidation value at roughly $13.29 million.

November 4, 2023at9:49 pm

I was going to buy a condo next to it and didn’t because of the outrageously loud DJ. I hope it reopens and does a better job of keeping it community friendly.

August 21, 2023at8:33 pm

Beautiful place, I hope it can remain. I am sorry for all the issues.

August 20, 2023at9:05 am

l live in the condos and good riddance. I hope the club will reopen under much better ownership who will work with the city and the residents not against them.

Xaviar Gray

August 19, 2023at9:28 am

I’m 30 and my wife and I spent the last 6 months hanging out at that pool. I hope it opens back up.

August 19, 2023at8:58 am

TITYC…to me (as a member from 1972.)was at onetime one of the finest tennis clubs this county ever had. A thriving membership..14 tennis courts..celebrity iconic tennis coaches.. such as Don Budge.Harry Hopman.and various wonderful other teaching pros and activities experts.who kept that club buzzing.. it was poor greedy management..who.. thru the years..cost those condo owners their right ..to the perpetual enjoyment of their recreational loves…tennis sailing swimming.dining. socializing with their friends.An ongoing ladies tennis league that always hosted such nice events..That club was…a wonderful place until…now! Im very sorry to read.. the oartys over… for TITYC!

August 19, 2023at7:41 am

We have gone several times since it went private. Most recently was a few weeks ago. We went Saturday morning for a great brunch. Food was wonderful. Stayed and enjoyed the pool and DJ. It was crowded. Young and old. Lots of little kids. I am sad to see it go. We always had a good time there.

August 18, 2023at10:36 pm

I belonged to this club and thats not how it went down. And to say crowds of young people ever flocked that pool is either a stretch of the imagination or an outright lie.

August 17, 2023at8:43 pm

Amen to that!

August 17, 2023at5:40 pm

The disfunctional beach cities lose again; Madiera Beach, Treasure Island, and of course, the always entertaining St. Pete Beach. If local government officials wonder why they keep losing power to the State, I suggest that they simply look in the mirror.

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• Real Estate

Shuttered Treasure Island yacht club sells to California investor

• Rebecca Liebson Times staff

A former yacht and tennis club turned event space that shut its doors in August now has a new owner.

California-based Tavaco Properties acquired the Club at Treasure Island last week and plans to reopen it, Sam Tavakoli, a partner at the company, told the Tampa Bay Times.

“This really is an underutilized gem on Treasure Island,” he said “We are so excited about this club and looking forward to revitalizing it.”

The club’s previous owner, Bill Edwards, took over the property in 2009 and turned it into an event space after the Treasure Island Yacht and Tennis Club filed for bankruptcy. Thirteen years later, the local business mogul ended up filing for bankruptcy on the club himself. After plans to build condos at the site fell through, Edwards shuttered the club, telling the Times he was “tired of losing money.”

In September, an LLC connected to Bank OZK bought the property for $15.1 million, according to Pinellas County property records. Tavaco then acquired that LLC, taking over the club along with it.

That same LLC took out a $4.8 million mortgage loan last week, according to records filed with the Pinellas County Clerk of Court.

Tavakoli said they hope to lease out the club to a number of different operators, each running a different aspect of the business from the pool to the tennis courts to the events space. He said he believes Edwards was unsuccessful because the space is too large to be run as a single entity.

“We want the best in each category,” he said. “We want all the tenants there to have synergy together so it feels like a private club but it is for the public”

There’s no timeline for the re-opening yet, but Tavakoli said they are looking in to hosting some pop up events including Sunday pool parties in the meantime.

Rebecca Liebson is a reporter covering real estate and housing. She can be reached at [email protected].

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Las Vegas Yacht Club now open at Treasure Island Hotel & Casino

LAS VEGAS (KTNV) — Treasure Island has officially opened their doors to a new restaurant.

Earlier this month, the Las Vegas Yacht Club welcomed its first customers and replaced the Seafood Shack and the Mojito Bar.

"To answer to the changing preference of our guests, we've rolled out a brand-new menu that invites diners to explore a revitalized culinary take on fresh seafood," said Craig Taylor, executive chef at Treasure Island. "We are thrilled to welcome both Las Vegas locals and international visitors for an exceptional dining experience."

The menu features dishes like the Seven Seas, which includes lobster meat, clams, shrimp, mussels, scallops, fish, calamari, and rice in a lobster tomato brother for $49 or the Seafood Risotto with clams, shrimp, black mussels, bay scallops and frutti de mare for $40.

The restaurant is open Wednesday through Sunday from 5 p.m. to 10 p.m. and the bar is open from 4 p.m. to 11 p.m. You can learn more here .

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• Treasure Island Yacht and Tennis Club, Florida, United States

United States

Treasure Island

Sailing / Yacht Club

Treasure Island Yacht and Tennis Club

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Nestled alongside the sparkling blue waters and sun-kissed coast of historic Treasure Island, Fl, The Club at Treasure Island delivers its members a dazzling array of world-class amenities, exclusive events and a lifestyle of warmth, substance and heartfelt hospitality. From our iconic, Mediterranean-themed architecture to the most exquisite culinary experience anywhere in West Central Florida, The Club at Treasure Island serves as the cultural nerve-center for Tampa Bay's trendsetters and community leaders - the ultimate crossroads of lavish luxury and social responsibility.

400 Treasure Island Causeway

727-367-4511

[email protected]

http://www.theclubti.com/

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The Club at Treasure Island Where Dreams Come True! Now Open to the Public!

The Club at Treasure Island, dazzles with elegant décor, gourmet catering, and exemplary service. Our spectacular venue for weddings and any other celebration, offer a refined collection of rooms for exclusive use throughout your special day that will exceed your expectations. Let us make your wedding a Magical Event.. We offer Outdoor Ceremonies and Cocktail Receptions with a breath-taking view of the Bay. The sky is the limit with what we have to offer.

We still have prime dates available for 2022 and 2023. .Set up an appointment now before your date is gone.

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• Quality of service 4.9 out of 5 rating 4.9
• Average response time 4.8 out of 5 rating 4.8
• Professionalism 4.9 out of 5 rating 4.9
• Value 4.8 out of 5 rating 4.8
• Flexibility 4.9 out of 5 rating 4.9

Excellent experience

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Events at the Club Treasure Island is like a family member hosting your party. The staff is beyond professional, they are personal and attentive to every detail. They work every event like the client is a personal friend, going beyond the norm to accommodate every guest for an fantastic event. Yvonne Vanderlaan, Events Director will bend over backwards to make you happy. The ball room is beautifully decorated with an impeccable backdrop of the harbor, and the cuisine the chefs create are bar none, the best in the area. As a vendor, I am treated like a member of their team, always welcomed and appreciated which makes me want to do even more than expected for our clients. Happy vendors make happy clients. Great place to have an event and really enjoy the experience. The pleasure my clients experience coupled with such a great atmosphere to work, makes The Club Treasure Island my favorite venue!

We love working with Yvonne and the rest of the staff at The Club at Treasure Island! The venue is beautiful, the staff is professional and we enjoy each and every event we work there!

Breathtaking wedding venue with world class service!

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The Club at Treasure Island

Treasure Island Yacht Club

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1 Ave Of The Palms

San Francisco, CA 94130

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We visited the newly relocated Treasurer Island Yacht Club. No longer in a fishing shack, they are located in the bottom corner of a building, 300 Clipper Cove Way, 94130. Very basic but the bathroom is a real step.up! It was suppose to be A Night in Spain, but they moved it without notice so the fare was the regular cruise-in dinner of burgers,handmade both regular & turkey. Lots of sides, salads & desserts, but not anything special. Our visiting yacht club was a bit disappointed, but sailors are sailors so a good time was had by all. We were just Not expecting the doors to close @8 pm. Yachtclubs are known for their long hours w/long drinks. Not here. One word of info, yachts clubs are only open to members of other yacht clubs recognized by PICYA. It is called reciprocity. They are not open to the public. Just a word of warning. You sign in & are checked, but since there are 108 YC's in the Bay Area I am positive there are a lot of yachting yelpers out there. I would wait for the dust to settle at TIYC for awhile. Go over to Alameda YC in the interim.

We stayed on site for a GMC RV rally during fleet week 2014 did not use the harbor. The yacht club did host a pig roast... Very good and the members were super friendly. Grounds were clean but had a lot of foot traffic from photographers capturing the bay bridge and the new span. Views from the harbor are awesome

The TI Yacht Club used to be very swanky but, now-it has this totally disasterous appearance and it's looking pretty ghetto: Gentrification, please???

First SELCA/Self-Portrait in a L-O-N-G time: It's so windy here at Treasure Island at 6:37 PM, July 1, 2014! Cheers to all!

Matson Steamship Line-My Dad~Alberto worked for this Shipping Company for a few tours-I'd visit the Merchant Union getting jobs.

Your kids aren't safe at the high school regatta this weekend. Only one rescue boat that wasn't available to pull sailors out of the water after 15 min. Don't trust that they can save your kid. The responsibility to save our kids is on the yacht club and they failed

I didn't go here cause i own a yacht I can't afford a yacht... i know i know... i'm poor... whatever.... so why did i spent 2 days here? why am i here? what the F*ck am i doing here? ok... i''m here for the KAiSer PeRmaNenTe Dragon Boat Festival... ( http://www.sfdragonboat.com/) yeah i'm such a nerd doing dragon boat....but f*ck it! i enjoy the sport you bastard!!! It was spraying a bit when we where here the good thing is that its not as cold so my balls aren't freezing so bad... What i like about this place is that you got the view of the whole SF city and its such a quiet place... i did a couple of laps around the island on both days before racing... what i noticed is that some of the facilities are pretty beaten down and needs some renovation... and the roads are like an obstacle course... i'll be hopping from one puddle of water to another... Basically one part of the parking lot was converted to a place where we set up our tents and some food stores too and other booths showcasing their products... some selling Outrigger canoes, some promoting som charity... you can see tons of shiz in there.... Lets talk about the condition the water... it was choppy as fuck!!! seriously!!! i'm so used to naples island where the water is so calm... but in this place small but shit loads of waves! no big wakes but with the boats that we are using its almost half the weight of what we are used to and it feels so tippy... every end of the race i'm soaking wet!!! and when the afternoon comes with a strong head wind all of our time slowed down for at least 5-10 secs.....and on my last race i can't see anything! i can't see our stroker.. all i can see is the person infront of me... so i relied to his timing and the feel of the boat... after all those grueling conditions we survived and managed to be on the finals but didn't get any medal for that but we got one for visitors ( http://static.px.yelp.com/photo/zlNMtXyUTCpKlngQ-J5GVw/l) it was a nice experience and will be back this year!

This is a really nice club! It is located in Clipper Cove adjacent to Treasure Isle Marina. The members are friendly and accommodating. Between the beautiful location, the professionally run marina and the hospitality of the Treasure Island Yacht Club, you will have a great visit.

Okay, until this afternoon, I'd been pretty pleased with this place. You can't beat the view, and it's nice, chill place to hang out. Mostly I've stuck with the sandwiches which are cheap and good, if a bit generic. Today I thought I'd branch out and have the Caesar's salad with chicken. The salad portion was fine, but they threw yesterdays chopped burrito chicken on there. Dry, brown, and then some. I'm not picky, I was tired and hungry, and I don't like to waste food, so I ate it. I'm not generally shy, and on another day, I'd call them out on it. The waitress gave me a weird look as I left. Probably wondering why I didn't complain. That's the last time I order that. Or, from now on, I'll ask what's fresh. I really hate it when a place I like pulls up lame. On this meal, two stars, but in deference to previous encounters, I gave it three. I'm not calling for gentrification, as someone did, though it is getting a bit grayed around the edges.

Our Yacht club spent a wonderful weekend in Clipper Cove with the hospitality of the TIYC crew. The low key atmosphere was well suited for our group and enhanced by a power outage allowing an unobstructed candle lit view of the city skyline and bridges. I know we stressed the bar and "kitchen" yet there were smiling satisfied boaters all weekend. The host team was so accommodating and grateful - the feelings were mutual. A wonderful place to sit on a sunny weekend afternoon ad take in the vistas.

Treasure Island Yacht Club is a small Gem on the water. It is nestled in a very calm cove, with spectacular views of the new span of the bay bridge on one side, and spectacular views of the city of San Francisco. When you are done with a day of racing/sailing on the bay, perhaps this is the perfect place to pull over and do a barbecue :) The Yacht club itself is a small operation with a nice bar, and very friendly group :) We had great fun staying there for the weekend with a group from our yacht club. The Secret surprise had to be the 5 star meals!! We were not expecting much, but as it turned out, it was the best Steak and Salmon, and grilled portobello that any of us had had this year!! Delicious. Kudos to the chef, and the rest of the volunteer staff that have made Treasure Island Yacht club my new go-to destination !!

TIYC has reciprocal rights with other Bay Area yacht clubs and is staffed by superbly friendly volunteer TI members. They cooked meals for a large group of us who cruised in from SF: perfectly cooked steak and chicken. TIYC is at Clipper Cove, adjacent to Treasure Isle Marina: Roger, the Harbor Master, runs a professional and helpful crew at the marina, who helped our boaters dock, gave advice on things to do on TI and even had ice available for boaters. Clipper Cove is sheltered from the weather, docking is easy and you have one of the best views of the San Francisco skyline from anywhere in the Bay Area. Highly recommend a visit. We'll be back.

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Treasure Island Yacht Club

Upcoming events, 2024 tiyc chili cookoff.

8/31/2024 4:00 PM - 9:00 PM

Treasure Island NERT * Treasure Island YC Planning Meeting

8/18/2024 4:00 PM

Treasure Island Luau

7/27/2024 4:00 PM

Treasure Island Yacht Club Membership Open House: 2-6 pm

6/29/2024 2:00 PM

Treasure Island Yacht Club General Membership Meeting: Special Topic

6/23/2024 4:00 PM

Presentation and Dinner: The SF Sailing Science Center - Designing a Place to Play and Learn

6/15/2024 5:00 PM

TIYC Cruise Out to the Theater to See Bright Star! Followed by Dinner

6/9/2024 3:00 PM

Greek Dinner & Bucket List Presentation - Sailing the Ionia Sea

6/8/2024 5:00 PM

Float-o de Mayo 2024

5/4/2024 4:00 PM

TIYC Music and Spaghetti Night!

4/13/2024 4:00 PM

TIYC Saint Patrick's Day Páirtí

3/16/2024 5:00 PM

2/24/2024 11:00 AM

TIYC 2024 Superbowl Watch Party

2/11/2024 12:00 PM

TIYC Officer on Duty Training

2/4/2024 2:00 PM