2307 BAY BOULEVARD Indian Rocks Beach, FL 33785

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.