Property
ActiveResidential
1/28
$465,000

508 2ND STREET

Indian Rocks Beach, FL 33785
3
Beds
2
Baths
1,292
SqFt
0.12
Acres
STELLAR
#TB8401077
Updated: Jun 26, 2026, 1:08pm

Property Description

Price Reduced!!

Plans for an elevated beach house attached.

This home is in the RM-1 zoning district, so a duplex is allowed.

Projected short term income rates attached. For informational purposes only yet you can see the amount of money this property can generate.
Endless opportunity awaits at 508 2nd Street—an exceptional land value offering just steps from the powdery sands and turquoise waters of Indian Rocks Beach. Nestled on a quiet, dead-end street, this prime coastal lot presents the perfect canvas for your dream beach retreat or a lucrative investment project.
The existing structure was impacted by flooding and does not comply with FEMA’s 50/50 rule, making it a teardown. This is your chance to start fresh and build new in a highly desirable location where walkability to the beach, shops, and dining is second to none.
Whether you’re envisioning a luxury coastal escape, a vacation rental, or a modern beach bungalow, the location and potential here are unmatched. Indian Rocks Beach is one of the last true beach towns on Florida’s Gulf Coast—laid-back, community-oriented, and brimming with charm.
Property is being sold for land value only. Bring your architect, builder, and imagination. This is a rare opportunity to own a slice of paradise with the freedom to create something spectacular.
*Located on a dead-end street.
*Steps to the beach
*Tear-down required – FEMA 50/50 rule applies
*Land value sale in one of the Gulf’s most beloved beach communities.
*Plans are attached for an "Elevated Wood Frame Beach House & Survey". Please ask your agent or myself to send a copy.

Before the storms this was a performing short term rental.
Opportunities like this don’t come along often—seize your chance to build the beach life you’ve always wanted.
Launch 3D Virtual Tour
Opens in a new window
Included Appliances
None

Property Details

Interior
Bathrooms Total Decimal
2
Building Area Total
1432
Cooling
Central Air
Flooring
Other
Heating
Central
Interior Features
Other
Laundry Features
Other
Living Area
1292
Rooms Total
3
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Wood Frame
Direction Faces
West
Foundation Details
Other
Levels
One
Living Area Source
Public Records
Living Area Units
Square Feet
Property Condition
Fixer
Roof
Shingle
Stories Total
Yes
Year Built
1957
Site & Exterior
Exterior Features
Other
Flood Zone Code
AE
I D X Participation
Yes
Lot Features
FloodZoneNear Public TransitStreet Dead-End
Lot Size Acres
0.12
Lot Size Area
5066
Lot Size Dimensions
50 x 100
Lot Size Square Feet
5066
Lot Size Units
Square Feet
Public Survey Range
14
Public Survey Section
12
Road Frontage Type
Street Dead-End
Road Surface Type
Concrete
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Other
Water Source
Public
Financials
Calculated List Price By Calculated Sq Ft
359.91
Contract Status Change Date
2025-06-26
Current Price
465000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
1-7 Days
Owner Name
JOSEPH STATILE
Ownership
Fee Simple
Parcel Number
123014377640060080
Public Survey Township
30
Tax Annual Amount
6488.46
Tax Block
6
Tax Book Number
5-27
Tax Legal Description
HAVEN BEACH SUB BLK 6, LOT 8
Tax Lot
8
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
Additional Lease Restrictions
Buyer to verify any and all possible lease restrictions.
M L S Area Major
33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Subdivision Name
HAVEN BEACH SUB
Listing provided courtesy of STELLAR via IDX. Updated: Jun 26, 2026, 1:08pm.
Gregory Schreiber

Listing Agent

KELLER WILLIAMS REALTY- PALM H

Call Agent