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Active Residential

2307 BAY BOULEVARD

Indian Rocks Beach, FL 33785

STELLAR #TB8499567 Updated: Jun 17, 2026, 4:38pm
$4,199,000
13 Beds • 16 Baths • 5,932 SqFt
Property
ActiveResidential
1/60
$4,199,000

2307 BAY BOULEVARD

Indian Rocks Beach, FL 33785
13
Beds
16
Baths
5,932
SqFt
0.44
Acres
STELLAR
#TB8499567
Updated: Jun 17, 2026, 4:38pm

Property Description

Exceptional opportunity to own an 8-unit 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 inone of Florida’s most desirable coastal markets. Seller financing available—contact for details.

Property Details

Highlights
View
Yes
Waterfront
Yes
Interior
Building Area Total
6872
Cooling
Central Air
Heating
CentralElectric
Interior Features
Ceiling Fan(s)Kitchen/Family Room ComboOpen FloorplanSolid Wood CabinetsStone Counters
Laundry Features
Common AreaInsideLaundry Room
Living Area
5932
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
BlockConcreteStucco
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Num Timesper Year
365
Roof
Shingle
Year Built
1969
Site & Exterior
Carport Spaces
6
Covered Spaces
6
Exterior Features
Sliding Doors
Flood Zone Code
AE
I D X Participation
Yes
Lot Features
Flood Insurance RequiredFloodZoneNear MarinaNear Public Transit
Lot Size Acres
0.44
Lot Size Area
18997
Lot Size Dimensions
160 x 120
Lot Size Square Feet
18997
Lot Size Units
Square Feet
Public Survey Range
15
Public Survey Section
06
Road Frontage Type
Street Paved
Road Surface Type
PavedAsphalt
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
Cable AvailableElectricity ConnectedPublicSewer ConnectedWater Connected
View
Water
Water Access
Yes
Water Extras
Yes
Water Source
Public
Water View
Yes
Waterfront
Yes
Waterfront Features
Intracoastal Waterway
Waterfront Feet Total
166
Financials
Calculated List Price By Calculated Sq Ft
707.86
Contract Status Change Date
2026-04-20
Current Price
4199000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
No Minimum
Owner Name
BOUGAINVILLA PROPERTIES LLC
Ownership
Fee Simple
Parcel Number
063015423180000310
Public Survey Township
30
Tax Annual Amount
37078.13
Tax Block
000
Tax Book Number
34-23
Tax Legal Description
INDIAN BEACH RE-REVISED 16TH ADD LOTS 31, 32 & 33 TOGETHER WITH TIIF SLL #520339383 O.R. 17473/1273 EXP 2/20/2017
Tax Lot
31
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
Additional Lease Restrictions
Daily rentals per city of Indian Rocks Beach - verify requirements with city
M L S Area Major
33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Pets Allowed
Yes
Subdivision Name
INDIAN BEACH RE-REVISED 16TH ADD
Listing provided courtesy of STELLAR via IDX. Updated: Jun 17, 2026, 4:38pm.
Evan Pedone

Listing Agent

ENGEL & VOLKERS MADEIRA BEACH

Call Agent
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