2307 Bay BoulevardIndian Rocks Beach, FL 33785

Description

Exceptional opportunity to own a fully renovated waterfront apartment complex in highly sought-after Indian Rocks Beach. Situated on three contiguous lots, this unique property features eight well-appointed units and six deepwater boat slips, creating multiple income streams and offering both immediate revenue potential and long-term upside. Recently renovated in 2026, the property offers a well-balanced unit mix with five 2-bedroom, 1.5-bath units and three 1-bedroom, 1-bath units, appealing to a wide range of renters. Six units—including four 2-bedroom and one 1-bedroom—enjoy beautiful water views with sliding glass doors opening to covered porches and shared outdoor spaces overlooking the bay, while two additional 1-bedroom units are located in a detached front duplex. The property is comprised of three separate buildings arranged around a charming palm-lined courtyard. The waterfront building includes the majority of the units with direct water views and access, while a third structure provides six covered carports, eight private storage rooms, a common laundry facility, and an EV charging station. Boating enthusiasts will appreciate the on-site marina with six deepwater slips accommodating vessels up to 50 feet, complete with electric (110V/220V), water hookups, and individual dock boxes, with projected boat slip income of approximately $45,000 annually. With approximately 160 feet of water frontage, this property delivers true coastal living. Previously operated as an annual rental, the property presents significant upside through conversion to short-term rentals, as Indian Rocks Beach allows for short-term leasing—making it an ideal opportunity for investors looking to maximize returns or reposition as a boutique hotel or motel concept. Additional highlights include ample guest parking and walkability to the beach, enhancing both tenant and guest appeal. STR AirDNA reports available upon request. With recent renovations complete, multiple revenue streams, and a prime waterfront location, this is a rare chance to acquire a high-performing, high-upside asset in one of Florida’s most desirable coastal markets. Seller financing available—contact for details.

Property Information

Property type

Commercial Sale

Year built

1969

Stories

1

Living area

5,932 Sq Ft

Lot size

0.44 acres

Lot dimensions

160x120

Parking spaces

20

Ownership

Fee Simple

Days on market

182

MLS^® Listing#

TB8493725

Property Features

Exterior

Dock

Appliances

Dishwasher · Microwave · Refrigerator

Cooling

Central Air

Heating

Central

Flooring

Ceramic Tile

Lot features

Waterfront

Construction

Block · Concrete · Stucco

Foundation

Slab

Roof

Shingle

Windows

Blinds

Utilities

Electricity Available · Phone Available · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$37,078Tax year 2025

Parcel number

06-30-15-42318-000-0310

Directions

Take Belleair Bridge across. Turn left onto Gulf Blvd. Left onto 24th Ave N. Right onto Bay Blvd. Property on left.