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2307 Bay Boulevard

INDIAN ROCKS BEACH, FL 33785
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Bed 13

Bed

Bath 16

Bath

SqFt5,932

Sqft

Acres0.44

Acre(Lot)

Exceptional opportunity to own an 8-unit fully renovated waterfront apartment complex in highly sought-after Indian Rocks Beach. Situated on three contiguous lots, this unique property features eight well-appointed units and six deepwater boat slips, creating multiple income streams and offering both immediate revenue potential and long-term upside. Recently renovated in 2026, the property offers a well-balanced unit mix with five 2-bedroom, 1.5-bath units and three 1-bedroom, 1-bath units, appealing to a wide range of renters. Six units—including four 2-bedroom and one 1-bedroom—enjoy beautiful water views with sliding glass doors opening to covered porches and shared outdoor spaces overlooking the bay, while two additional 1-bedroom units are located in a detached front duplex. The prope rty is comprised of three separate buildings arranged around a charming palm-lined courtyard. The waterfront building includes the majority of the units with direct water views and access, while a third structure provides six covered carports, eight private storage rooms, a common laundry facility, and an EV charging station. Boating enthusiasts will appreciate the on-site marina with six deepwater slips accommodating vessels up to 50 feet, complete with electric (110V/220V), water hookups, and individual dock boxes, with projected boat slip income of approximately $45,000 annually. With approximately 160 feet of water frontage, this property delivers true coastal living. Previously operated as an annual rental, the property presents significant upside through conversion to short-term rentals, as Indian Rocks Beach allows for short-term leasing—making it an ideal opportunity for investors looking to maximize returns or reposition as a boutique hotel or motel concept. Additional highlights include ample guest parking and walkability to the beach, enhancing both tenant and guest appeal. STR AirDNA reports available upon request. With recent renovations complete, multiple revenue streams, and a prime waterfront location, this is a rare chance to acquire a high-performing, high-upside asset inone of Florida’s most desirable coastal markets. Seller financing available—contact for details.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,199,000

AD Id : 77610437

MLS Id : MFRTB8499567

Beds : 13

Lot Size : 0.44 Acre

Living Area Size : 5,932

Year Built : 1969

County : Pinellas

Subdivision: Indian Beach Re Revised 16th Add

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Feature Features

  • Bedroom Information

    Total Bedroom: 13

    Bathroom Information

    Total Baths: 16

    Interior Features

    Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters Roof: Shingle Laundry Features: Common Area, Inside, Laundry Room

    Roofing Information

    Shingle
  • Flooring Information

    Construction Materials: Block, Concrete, Stucco
  • Heating & Cooling

    Heating: Central, Electric Cooling: Central Air Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 1969
  • Exterior Features

    Sliding Doors Construction Materials: Block, Concrete, Stucco Foundation Details: Slab

  • Lot Information

    Lot Dimensions: 160x120 Lot Description: Flood Insurance Required, FloodZone, Near Marina, Near Public Transit, Paved Lot Square Feet: 18997 Lot Acres: 0.44 Lot Size (SqMt): 1765

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex

  • Listing Price Information

    Original List Price:$4199000

  • Tax Information

    Tax Block: 000 Tax Book Number: 34-23 Tax Lot: 31 Tax Legal Description: INDIAN BEACH RE-REVISED 16TH ADD LOTS 31, 32 & 33 TOGETHER WITH TIIF SLL #520339383 O.R. 17473/1273 EXP 2/20/2017 Annual Tax: $37078.13 Tax Year: 2025 Parcel Number: 06-30-15-42318-000-0310

  • Utility Information

    Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: INDIAN BEACH RE-REVISED 16TH ADD City: INDIAN ROCKS BEACH Direction: Take Belleair Bridge across. Turn left onto Gulf Blvd. Left onto 24th Ave N. Right onto Bay Blvd. Property on left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
19306 Gulf Boulevard, Indian Rocks Beach, FL, 33785 $3,500,000 -- -- 4,695 4,695 SqFt
19727 Gulf Boulevard #G1, Indian Rocks Beach, FL, 33785 $619,000 2 2 1,055 1,055 SqFt
2311 Bay Boulevard, Indian Rocks Beach, FL, 33785 $1,949,000 7 5 3,418 3,418 SqFt
2605 Bay Boulevard, Indian Rocks Beach, FL, 33785 $1,999,999 6 3 2,464 2,464 SqFt
206 22nd Avenue, Indian Rocks Beach, FL, 33785 $2,300,000 12 6 4,556 4,556 SqFt
711 E Gulf Boulevard, Indian Rocks Beach, FL, 33785 $1,950,000 4 4 2,077 2,077 SqFt
725 1st Street, Indian Rocks Beach, FL, 33785 $775,000 4 2 1,650 1,650 SqFt
Gulf Boulevard #LOT 15, Indian Rocks Beach, FL, 33785 $4,500,000 8 10 5,100 5,100 SqFt
Gulf Boulevard #LOT 14, Indian Rocks Beach, FL, 33785 $4,500,000 8 10 5,100 5,100 SqFt
711 Gulf Boulevard, Indian Rocks Beach, FL, 33785 $2,250,000 6 6 3,000 3,000 SqFt
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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: MFRMLS #TB8499567 LISTED BY: Evan Pedone, ENGEL & VOLKERS MADEIRA BEACH 727-394-7365 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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