Waterfront Multifamily with Rental
For Sale
$4,199,000
2307 BAY BOULEVARD, Indian Rocks Beach, FL 33785
Waterfront property with eight units, six boat slips, short-term rental zoning.
Property Size5,932 SF
Days on Market157
Property Features for 2307 BAY BOULEVARD
General Information
Standard status
Active
Size
5,932 SF
Taxes and HOA fees
Annual Taxes
$37,078
Building Details
Building Size
5,932 SF
Year Built
1969
Listing Agency:
ENGEL & VOLKERS MADEIRA BEACH
Listed By:
Evan Pedone · License #3370730
(727) 459-5543
Source:
Allencollinsrealty
Added: Apr 4
Changed: Sep 4
Last Checked: Sep 7 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ENGEL & VOLKERS MADEIRA BEACH
Investment Insights
Based on property information with market context.
This waterfront property in Indian Rocks Beach features multifamily zoning with short-term rental potential. The property includes eight units and six deepwater boat slips, offering multiple income streams. Renovated in 2026, the property has five 2-bedroom, 1.5-bath units and three 1-bedroom, 1-bath units. Six units have water views and access to covered porches and shared outdoor spaces overlooking the bay. Two additional 1-bedroom units are located in a detached front duplex. The property consists of three buildings arranged around a palm-lined courtyard. The waterfront building houses most of the units with 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 has six deepwater slips accommodating vessels up to 50 feet, with electric (110V/220V), water hookups, and individual dock boxes. The property has approximately 160 feet of water frontage. Previously operated as an annual rental, the property can be converted to short-term rentals. It is suitable for investors looking to maximize returns or reposition as a boutique hotel or motel concept. Additional features include ample guest parking and walkability to the beach. The property offers a high-performing asset in a coastal market.
Key Highlights
- Waterfront property with 160 feet of frontage in Indian Rocks Beach, zoned for multifamily with short‑term rentals.
- Features eight renovated units (five 2‑bedroom, three 1‑bedroom) offering immediate and potential income streams.
- Includes six deepwater boat slips accommodating vessels up to 50 feet, with electric and water hookups, projecting $45,000 annual income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Waterfront property with eight units, six boat slips, short-term rental zoning.
Where is this short term rental property 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: Waterfront property with **160 feet of frontage in Indian Rocks Beach**, zoned for multifamily with short‑term rentals.; Features **eight renovated units** (five 2‑bedroom, three 1‑bedroom) offering immediate and potential income streams.; Includes **six deepwater boat slips accommodating vessels up to 50 feet**, with electric and water hookups, projecting $45,000 annual income.
