Yes, Gulf Blvd.
If you buy, make sure you have a good HOA and one that has capital on hand. Review them and the declarations and bylaws before you purchase. Our financials are very strong and the building has excellent maintenance. If maintenance has been deferred, prepare for special assessments. We frequently have some sort of improvement project going on, new pool deck, pool surface, outdoor restrooms and showers, balconies, etc. Adjacent to city of SPI newly improved beach access point is a huge plus for hauling bulky items directly to the beach. Seven day minimum rental keeps out the riff raff. All things to consider.
It ain't cheap though. Our beach bank account deposit is $1,500 a month for a budget that covers everything, including utilities (average under $100/mo.), slush fund for inevitable repairs.
Taxes ~$5,500/yr, HOA ~$8000/yr., and additional insurance for windstorm/contents is ~$1,300/yr.
It's a buyer's market, if you make an offer, lowball it.
The drive is worth it, SPI is a unique part of Texas.