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Renovated 8-Unit Waterfront Apartment Building
For Sale
$4,199,000

2307 BAY BOULEVARD, Indian Rocks Beach, FL 33785

INDIAN ROCKS BEACH, FL

Property Size5,932 SF
Price / SF$707.86
Days on Market68

Property Features for 2307 BAY BOULEVARD

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 13
Bathrooms 16
Full bathrooms 16
Rooms Bedroom 11, Bedroom 2, Bedroom 1, Bedroom 9, Bedroom 7, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 12, Bedroom 13, Bedroom 4
Subdivision INDIAN BEACH RE-REVISED 16TH ADD
Standard status Active
Size 5,932 SF

Amenities

boat slips
covered porches
shared outdoor spaces
palm-lined courtyard
covered carports
private storage rooms
common laundry facility
EV charging station

Building Details

Year built 1969
Listing Agency: Engel & Volkers Madeira Beach · Engel & Völkers
Listed By: Evan Pedone · License #3370730
Added: Jun 17 Changed: Aug 20 Last Checked: Aug 23 at 4:06AM
MLS# TB8499567

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5,932-square-foot apartment property contains eight units across three buildings on three contiguous lots. The unit mix includes five two-bedroom, 1.5-bath residences and three one-bedroom, one-bath residences. Six units have water views, sliding-glass-door access to covered porches, and shared outdoor areas, while two one-bedroom units occupy a detached front duplex. Renovations were completed in 2026.

The property includes approximately 160 feet of water frontage and a six-slip marina with deepwater berths for vessels up to 50 feet. Each slip has 110V/220V electric service, water hookups, and an individual dock box. Additional improvements include six covered carports, eight private storage rooms, a common laundry facility, an EV charging station, and guest parking. The property was previously operated as an annual rental, and short-term leasing is allowed in Indian Rocks Beach. The beach is within walking distance.

Key Highlights

  • 8‑unit apartment property totaling 5,932 square feet
  • Unit mix includes five 2‑bedroom, 1.5‑bath units and three 1‑bedroom, 1‑bath units
  • Approximately 160 feet of water frontage with six deepwater boat slips

Property Analytics

Current Use

Marinas

Suggested Use

Top Pick Law Firm Auto Repair Shop HVAC Service Building Supply Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 33785, FL

4,863
Population
5,863
Households
0.8
Avg Household Size
59
Median Age
46%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
4,053
Density / Sq Mi
$98,750
Median Household Income
$57,542
Median Earnings
$1,804
Median Rent
$689,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated apartment property with marina facilities, covered porches, carports, storage rooms, and shared outdoor areas.
Where is this apartment building located?
The property is located at 2307 BAY BOULEVARD Indian Rocks Beach, FL.
What is the asking price?
The asking price for this property is $4,199,000.
What are key features of this property?
This property features: 8‑unit apartment property totaling 5,932 square feet; Unit mix includes five 2‑bedroom, 1.5‑bath units and three 1‑bedroom, 1‑bath units; Approximately 160 feet of water frontage with six deepwater boat slips
More about this property
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