Triplex Waterfront Redevelopment
For Sale
$875,000
18207 GULF Boulevard, Redington Shores, FL 33708
MULTI_FAMILY - REDINGTON SHORES, FL
Property Size2,406 SF
Lot Size0.20 Acres
Price / SF$363.67
Days on Market337
Property Features for 18207 GULF Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-15
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 8, Bathroom 7, Laundry Room, Bedroom 3, Bedroom 5, Bedroom 6
Exterior features
Lighting, Sidewalk
Subdivision
SURFSIDE SUB
View
Water
Directions
Take I-275 south to Park Blvd/ Gandy exit - Head west on Park Blvd - turn south on Gulf Blvd - head south to address
Standard status
Active
APN
31-30-15-88470-000-0090
Size
2,406 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SURFSIDE SUB LOT 9 & THAT PART OF LOT 8 DESC BEG MOST S'LY COR OF "SD LOT 8 TH N32D06'30""W" "6.16FT TH N57D01'10""E 74FT" TH N75D23'E 30.69FT TO MOST E'LY COR OF SD LOT 8 TH S58D58'W 103.28FT TO POB
Tax Annual Amount
16627
Legal Description
SURFSIDE SUB LOT 9 & THAT PART OF LOT 8 DESC BEG MOST S'LY COR OF "SD LOT 8 TH N32D06'30""W" "6.16FT TH N57D01'10""E 74FT" TH N75D23'E 30.69FT TO MOST E'LY COR OF SD LOT 8 TH S58D58'W 103.28FT TO POB
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1939
Number of units
3
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
Chris Calhoon · License #3293399
(727) 542-9933
Added: Sep 2, 2025
Changed: Aug 1
Last Checked: Aug 4 at 3:06AM
MLS# TB8423536
Copyright © 2026 Stellar MLS. 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 triplex redevelopment site sits directly on the intracoastal waterway in Redington Shores. The property includes two buildings that were flood damaged during a recent hurricane. A 1939 single family home with three bedrooms and three bathrooms has been gutted. A 1974 block duplex has been remediated and mostly renovated, with cabinetry noted as the remaining need.
The site is zoned RM-15 and totals 0.2 acres (2,406 SF). Utilities are public, with public sewer and public water. Exterior features include lighting and sidewalk elements, and the construction materials are block, concrete, and stucco. Heating and cooling are central, and the roof is shingle.
The adjacent property at 18205 Gulf Blvd is described as an 8-unit apartment building that is also available for sale by the same owners, which may support combined consideration for compatible redevelopment planning.
The site is zoned RM-15 and totals 0.2 acres (2,406 SF). Utilities are public, with public sewer and public water. Exterior features include lighting and sidewalk elements, and the construction materials are block, concrete, and stucco. Heating and cooling are central, and the roof is shingle.
The adjacent property at 18205 Gulf Blvd is described as an 8-unit apartment building that is also available for sale by the same owners, which may support combined consideration for compatible redevelopment planning.
Key Highlights
- Directly on the intracoastal waterway waterfront lot
- Flood damaged during a recent hurricane with two buildings on‑site
- 1939 single family home (3BR/3BA) gutted
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $17.88 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $40.1k | $16.67 |
| − OpEx | −$12.0k | −$5.00 |
| NOI | $28.1k | $11.67 |
2,406 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$316.1K
$276.6K – $368.8K
NOI $22,128 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$625.8K
$547.6K – $730.1K
NOI $43,807 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - RM-15 zoned waterfront lot directly on the intracoastal waterway with two flood-damaged buildings for redevelopment.
Where is this triplex located?
The property is located at 18207 GULF Boulevard Redington Shores, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Directly on the intracoastal waterway waterfront lot; Flood damaged during a recent hurricane with two buildings on‑site; 1939 single family home (3BR/3BA) gutted
