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Mollyana Ward

molly@innovationgroupfl.com +1(813) 802-8415

$ 4,199,000

Est. payment | -/mo

0.44 Acres Lot

Save

$ 4,199,000

Est. payment | -/mo

Save

0.44 Acres Lot

Key Details

Property Type Multi-Family, Multi Unit, Duplex/Multi Unit Lot

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Indian Beach Re-Revised 16Th Add

MLS Listing ID TB8499970

HOA Y/N No

Annual Tax Amount $37,078

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 160x120

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Exceptional opportunity to own an expansive waterfront lot in highly sought-after Indian Rocks Beach. Situated on three contiguous lots, this unique property allows for multifamily with short term rental zoning. Currently it 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 in one of Florida's most desirable coastal markets. Seller financing available—contact for details.

Location

State FL

County Pinellas

Community Indian Beach Re-Revised 16Th Add

Area 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores

Exterior

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Connected, Water Connected

Waterfront Description Intracoastal Waterway

View Y/N Yes

Water Access Yes

Water Access Desc Intracoastal Waterway

View Water

Building

Lot Description City Limits, Near Marina, Near Public Transit, Oversized Lot, Paved

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Others

Pets Allowed Yes

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Listed by Evan Pedone ENGEL & VOLKERS MADEIRA BEACH

NEARBY SCHOOLS & PROPERTIES

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(813) 802-8415

molly@innovationgroupfl.com

2307 BAY BLVD Indian Rocks Beach, FL 33785

Mollyana Ward

Key Details

Location

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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2307 BAY BLVD