2307 BAY BLVD, INDIAN ROCKS BEACH, FL, 33785
$4,199,000
Residential Income
|
Bedrooms
13
|
Bathrooms
16
|
Living Area
5,932 Sqft
|
Lot Size
18,997 Sqft
|
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 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 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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8499567 | Year Built: | 1969 | |
| Construction Materials: | Block, Concrete, Stucco | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Sliding Doors | Foundation Details: | Slab | |
| Heating: | Central, Electric | Laundry Features: | Common Area, Inside, Laundry Room | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, Owner Financing | |
| Lot Features: | Flood Insurance Required, FloodZone, Near Marina, Near Public Transit, Paved | Pets Allowed: | Yes | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt, Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected | |
| View: | Water | Water Source: | Public | |
| Waterfront Features: | Intracoastal Waterway | |||
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