Price Reduction - Waterfront - Seller Financing
Address
2307 Bay Boulevard, INDIAN ROCKS BEACH, FL
Price
$ 3,950,000

Your Agent

Queen Matthews

Queen Matthews

Managing Broker

346-258-4432

Property Attributes
  • MLS#TB8499567
  • TypeIncome
  • Listing Status Active
  • CountyPinellas
  • CityINDIAN ROCKS BEACH
  • AreaIndian Rocks Bch/Belleair Bch/Indian Shores
  • NeighborhoodINDIAN BEACH RE-REVISED 16TH ADD
  • Zip33785
  • StyleQuadruplex
  • Year Built1969
  • Taxes$ 37078
  • Price$ 3,950,000
  • Bedrooms13
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage5932
  • Lot Size0.44 Acres
Data Source:
Stellar MLS
Property 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.

Price History
4/20/2026 Listed $4,199,000
9/12/2026 6$3,950,000

General Features

Sewer Public Sewer
Heating Central,Electric
Cooling Central Air
Utilities Cable Available,Electricity Connected,Public,Sewer Connected,Water Connected
Roof Shingle
Construction Materials Block,Concrete,Stucco
Pets Allowed Yes
Year Built 1969
View Water
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Waterfront Features Intracoastal Waterway
County Pinellas
New Construction false
Property Type Residential Income
Subdivision Name INDIAN BEACH RE-REVISED 16TH ADD
Garage Y/N false
Status Active
Directions Take Belleair Bridge across. Turn left onto Gulf Blvd. Left onto 24th Ave N. Right onto Bay Blvd. Property on left.
City INDIAN ROCKS BEACH
Senior Community Y/N false
MLS Area 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Lot Size Units Square Feet
Lot Size Square Feet 18997
Carport Spaces 6
Carport Y/N true
Listing Terms Cash,Conventional,Owner May Carry
Land Lease Y/N false
Tax Annual Amount 37078.13
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 31
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
Water View Intracoastal Waterway
Water Access Type Intracoastal Waterway
Minimum Lease No Minimum
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE
DockY/N true

Interior Features

Interior Amenities Ceiling Fan(s),Kitchen/Family Room Combo,Open Floorplan,Solid Wood Cabinets,Stone Counters
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area,Inside,Laundry Room
Total Bedrooms 13
LivingAreaSource Public Records
Total Baths 16

Exterior Features

Exterior Amenities Sliding Doors
Lot Features Flood Insurance Required,FloodZone,Near Marina,Near Public Transit
Water Source Public
Lot Size Area 18997
Foundation Details Slab
Number of Buildings 2
Building Area Total 6872
Lot Dimensions 160 x 120
Lot Size Acres 0.44
Road Surface Type Paved,Asphalt
Private Pool false
Waterfront Y/N true
Covered Spaces 6
Road Frontage Type Street Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33785

Price
AVG $2.67M
$3.95M
Taxes
AVG $22,947
$37,078
Year Built
AVG 1985
1969

Your Agent

Queen Matthews

Queen Matthews

Managing Broker

346-258-4432

Listed By
ENGEL & VOLKERS MADEIRA BEACH with 727-394-7365. - 727-394-7365

In The Neighborhood

Reduced
View Details Similar Properties Save

INDIAN ROCKS BEACH

$ 1,875,000

Type
Income
Size
3,418 SqFt
Rooms
7 Beds + 5 Baths

Areas We Cover