Listing Agency: Elliot Paul & Company e***@elliotpaul.com Show Phone

Listed By: Elliot Paul · License #586244

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 8:43PM

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Investment Insights

Based on property information with market context.

This multifamily offering combines two side-by-side residential properties in Redington Shores. One parcel includes an updated two-level residence with 3 bedrooms and 2 bathrooms, along with a duplex configured as two 1-bedroom, 1-bathroom units. The second parcel contains two separate dwellings, each with 2 bedrooms and 1 bathroom. Hurricane-rated windows are installed throughout the larger home.

The properties are located just west of Gulf Blvd at 134 178th Ave, steps from the Gulf of Mexico beach. Commercial Tourist Facilities (CTF) zoning permits short-term vacation rentals and may support commercial redevelopment opportunities. Roofs and A/C units on each building have been replaced in recent years, adding updated major components across the offering.

Key Highlights

• Two side‑by‑side multifamily properties near the Gulf of Mexico beach
• CTF zoning allows short‑term vacation rentals and possible commercial redevelopment
• Updated two‑level residence with 3 bedrooms, 2 bathrooms, and hurricane‑rated windows

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Grocery & Convenience Store Bakery Plumbing Service

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

5

Residential units

Location Intelligence

Trade Area within ½ mile

287

Businesses Nearby

Explore this area Business Placement

Demographics for 33708, FL

16,034

Population

13,211

Households

1.2

Avg Household Size

60

Median Age

44%

College-Educated

96%

High-School Grad

3.4 sq mi

ZIP Area

4,716

Density / Sq Mi

$83,773

Median Household Income

$49,403

Median Earnings

$1,961

Median Rent

$463,700

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?

Multifamily property - CTF-zoned properties support short-term vacation rentals near Gulf of Mexico beaches.

Where is this multifamily property located?

The property is located at 134 178th Ave Redington Shores, FL.

What are key features of this property?

This property features: Two side‑by‑side multifamily properties near the Gulf of Mexico beach; CTF zoning allows short‑term vacation rentals and possible commercial redevelopment; Updated two‑level residence with 3 bedrooms, 2 bathrooms, and hurricane‑rated windows