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2307 Bay Boulevard, INDIAN ROCKS BEACH, FL 33785
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  • MLS#: TB8499567 ( Residential Income )
  • Street Address: 2307 Bay Boulevard
  • Viewed: 4
  • Price: $4,199,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Intracoastal Waterway
  • Year Built: 1969
  • Bldg sqft: 6872
  • Bedrooms: 13
  • Total Baths: 16
  • Garage / Parking Spaces: 6
  • Days On Market: 3
  • Additional Information
  • Geolocation: 27.905 / -82.8445
  • County: PINELLAS
  • City: INDIAN ROCKS BEACH
  • Zipcode: 33785
  • Subdivision: Indian Beach Rerevised 16th Ad
  • Provided by: ENGEL & VOLKERS MADEIRA BEACH
  • Contact: Evan Pedone
  • 727-394-7365
  • mfrmls
  • DMCA Notice
  • Description
    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 unitsincluding four 2 bedroom and one 1 bedroomenjoy 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 property 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 leasingmaking 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 Floridas most desirable coastal markets. Seller financing availablecontact for details.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Sliding Doors
  • Living Area: 5932.00
  • Roof: Shingle
Land Information
  • Lot Features: Flood Insurance Required, FloodZone, Near Marina, Near Public Transit, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 6.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters
  • 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
  • Area Major: 33785 - Indian Rocks Bch/Belleair Bch/Indian Shore
  • Parcel Number: 06-30-15-42318-000-0310
  • View: Water
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Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com