2307 BAY BOULEVARD Indian Rocks Beach, FL 33785

This waterfront property in Indian Rocks Beach features multifamily zoning with short-term rental allowance. The property consists of three contiguous lots and includes eight units and six deepwater boat slips. The unit mix is well-balanced, featuring five 2-bedroom, 1.5-bath units and three 1-bedroom, 1-bath units. Six units, including four 2-bedroom and one 1-bedroom, offer water views with sliding glass doors that open to covered porches and shared outdoor spaces overlooking the bay. Two additional 1-bedroom units are located in a detached front duplex. The property comprises three separate buildings arranged around a palm-lined courtyard. The waterfront building houses most of the units with direct water views and access. A third structure provides six covered carports, eight private storage rooms, a common laundry facility, and an EV charging station. The on-site marina includes six deepwater slips accommodating vessels up to 50 feet, complete with electric (110V/220V), water hookups, and individual dock boxes. The property has approximately 160 feet of water frontage. The property was recently renovated in 2026. Previously operated as an annual rental, the property presents potential through conversion to short-term rentals. Other features include ample guest parking and walkability to the beach. The property is suitable for investors looking to maximize returns or reposition as a boutique hotel or motel concept.