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Waterfront Apartment Building
For Sale
$4,199,000

2307 BAY BOULEVARD, Indian Rocks Beach, FL 33785

INDIAN ROCKS BEACH, FL

Property SizeContact for details
Days on Market123

Property Features for 2307 BAY BOULEVARD

General Information

Property type Land
Property subtype Other
Subdivision INDIAN BEACH RE-REVISED 16TH ADD
Standard status Active

Amenities

boat slips
covered porches
shared outdoor spaces
courtyard
covered carports
private storage rooms
common laundry facility
EV charging station
marina
dock boxes
Listing Agency: Engel & Volkers Madeira Beach · Engel & Völkers
Listed By: Evan Pedone · License #3370730
Added: Apr 23 Changed: Aug 19 Last Checked: Aug 23 at 5:06AM
MLS# TB8499970

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 waterfront apartment property comprises three buildings surrounding a palm-lined courtyard and includes eight units renovated in 2026. The unit mix consists of five two-bedroom, 1.5-bath residences and three one-bedroom, one-bath residences. Six units—four two-bedroom and two one-bedroom residences—feature water views, sliding glass doors, covered porches, and access to shared outdoor areas. Two one-bedroom units are located in a detached front duplex.

The property includes approximately 160 feet of water frontage and an on-site marina with six deepwater slips accommodating boats up to 50 feet. Each slip has 110V/220V electric service, water connections, and an individual dock box. A separate structure adds six covered carports, eight private storage rooms, a shared laundry facility, and an EV charging station. Guest parking is available, and the beach is within walking distance. The property has multifamily with short-term rental zoning and was previously operated as an annual rental.

Key Highlights

  • Eight renovated units with a mix of five 2‑bedroom and three 1‑bedroom residences
  • Approximately 160 feet of water frontage with six deepwater slips
  • Six slips accommodate vessels up to 50 feet and include 110V/220V electric, water, and dock boxes

Property Analytics

Current Use

Short term rental ...

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with short-term rental zoning, marina facilities, covered parking, private storage, 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: Eight renovated units with a mix of five 2‑bedroom and three 1‑bedroom residences; Approximately 160 feet of water frontage with six deepwater slips; Six slips accommodate vessels up to 50 feet and include 110V/220V electric, water, and dock boxes
More about this property
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