Price Reduced Listing
2307 Bay Blvd,INDIAN ROCKS BEACH, FL 33785
INDIAN ROCKS BEACH, FL 33785
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 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.
Details
| MLS # | TB8499567 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1969 |
| Days On Site | 191 |
| Listing Provided By | ENGEL & VOLKERS MADEIRA BEACH | Evan Pedone |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 5,932 |
| Car Port | Yes |
| Acreage | 0.44 |
| Water Front | Yes |
| Property View | Water |
Taxes
| Property | 37078 |
|---|
Area Information
| State | FL |
|---|---|
| County | Pinellas |
| City | INDIAN ROCKS BEACH |
| Zip Code | 33785 |
| Area | 33785 Indian Rocks Bch | Belleair Bch | Indian Shores |
| Community Name | INDIAN BEACH RE REVISED 16TH ADD |
| Listing VS Median (in INDIAN BEACH RE REVISED 16TH ADD) | |
Price: $3,790,000 low | high Med: $2,832,500 sqft: 5,932 low | high Med: 4,675 $ / sqft: $639 low | high Med: $594 On site: 191 low | high Med: 187 | |
Market Activity 33785
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Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 28, 2026 at 2:37:34 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
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Learn More About This Property
| State | FL |
|---|---|
| County | Pinellas |
| City | INDIAN ROCKS BEACH |
| Zip Code | 33785 |
| Area | 33785 Indian Rocks Bch | Belleair Bch | Indian Shores |
| Community Name | INDIAN BEACH RE REVISED 16TH ADD |
| Listing VS Median (in INDIAN BEACH RE REVISED 16TH ADD) | |
Price: $3,790,000 low | high Med: $2,832,500 sqft: 5,932 low | high Med: 4,675 $ / sqft: $639 low | high Med: $594 On site: 191 low | high Med: 187 | |
