Sarasota's Premier Homes

2605 BAY BOULEVARD

INDIAN ROCKS BEACH , FL 33785

MLS#: TB8340886

$2,100,000

Status: Active
Listing number: TB8340886
Listing provided by: CENTURY 21 BEGGINS
Listing agent phone: None
Last update: a day ago
On site: 6 months ago
Browse Properties
INDIAN BEACH RE-REVISED 12TH ADD - Residential Income

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1957

Sq.Footage

2,464

Price per SqFt

N/A

Welcome to your very own tropical waterfront oasis, a wonderful Triplex with three 2 bedroom/ 1 bath units all with breathtaking views of the inter-coastal waterways of Indian Rocks Beach. Imagine the tranquility of enjoying your morning coffee on the Rooftop Deck while watching the sunrise. Only a short walk to the beach where you can enjoy countless hours soaking up the sun and letting the waves wash your worries away, when you make your way back to your tropical oasis, rinse of the sand with the convenience of the outdoor shower. The backyard is perfect for entertaining with an outdoor grill, new pavers, and a dock as an added hangout spot where you can enjoy fishing or just enjoy watching the clouds change colors as the sun sets. Beautiful and Simplistic landscaping, fully equipt with sprinklers and fencing. 72 feet of new seawall. Interiors of all three units are polished with a modern and tropical design featuring brand new kitchens, appliances, bathrooms, and flooring. Concrete Block Construction, New Hurricane Impact Windows, New Marine Seawall, New Roof, New AC, New Flooring, New paint, Granite Countertops throughout, New Awnings, Outdoor Lighting, and a Carport. Three separate storage units with washer and dryer. Turn-key and ready for Vacation Rentals, or even keeping a unit reserved for yourself. Excellent Income Property. See attached income statement for income and expenses. 3 Separate electric meters. All furnishings convey, ready for Airbnb, Keyless entry on all doors. Come and see this amazing place yourself, schedule a showing today! (PORTFOLIO PACKAGE AVAILABLE; Property can be purchased with 2116/2114 1st St, Indian Rocks Beach, and/or 122 Coral Ave, Redington Shores)

Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan, Stone Counters

  • Total Bedrooms

    6

Exterior

  • Garage

    No

  • Construction Materials

    Block, Concrete

  • Other Exterior Features

    Awning(s), Balcony, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage, Dock

  • Parking

    Covered

Area & Lot

  • Lot Features

    Near Public Transit, Waterfront

  • Lot Size(acres)

    0.18

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Financial

  • Sales Price

    $2,100,000

  • Tax Amount

    27460.0

Property Features

  • Association

    NO

  • Senior Community YN

    No

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Location

County

Pinellas

Elementary School

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High School

Listing Courtesy of Veronica Sierra , CENTURY 21 BEGGINS

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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Welcome to your very own tropical waterfront oasis, a wonderful Triplex with three 2 bedroom/ 1 bath units all with breathtaking views of the inter-coastal waterways of Indian Rocks Beach. Imagine the tranquility of enjoying your morning coffee on the Rooftop Deck while watching the sunrise. Only a short walk to the beach where you can enjoy countless hours soaking up the sun and letting the waves wash your worries away, when you make your way back to your tropical oasis, rinse of the sand with the convenience of the outdoor shower. The backyard is perfect for entertaining with an outdoor grill, new pavers, and a dock as an added hangout spot where you can enjoy fishing or just enjoy watching the clouds change colors as the sun sets. Beautiful and Simplistic landscaping, fully equipt with sprinklers and fencing. 72 feet of new seawall. Interiors of all three units are polished with a modern and tropical design featuring brand new kitchens, appliances, bathrooms, and flooring. Concrete Block Construction, New Hurricane Impact Windows, New Marine Seawall, New Roof, New AC, New Flooring, New paint, Granite Countertops throughout, New Awnings, Outdoor Lighting, and a Carport. Three separate storage units with washer and dryer. Turn-key and ready for Vacation Rentals, or even keeping a unit reserved for yourself. Excellent Income Property. See attached income statement for income and expenses. 3 Separate electric meters. All furnishings convey, ready for Airbnb, Keyless entry on all doors. Come and see this amazing place yourself, schedule a showing today! (PORTFOLIO PACKAGE AVAILABLE; Property can be purchased with 2116/2114 1st St, Indian Rocks Beach, and/or 122 Coral Ave, Redington Shores)

2605 BAY BOULEVARD

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This property is exempt from local STR ordinances changes impacting Pinellas county & IRB due to its zoning! Buyers inquire to learn more about zoning advantages. Current financials as of 7/2025 show $27,200/month gross revenue avg. NOI of $213K! 9% CAP RATE! while future financials support an 11% + CAP RATE returns this opportunity will not last long! Offered below replacement cost when factoring Land and today’s construction cost to rebuild and furnish. This rare turn key opportunity to acquire Four (4) fee simple condominiums in one free standing building across the street from the sugary sands of IRB! Since all units are under the same ownership there are no monthly condo/HOA fees, nor assessments required! Del Mar Condos units all share a similar 2BED/2BATH floor plan, 878sqft each with an open kitchen concept, living room, dining area, in unit washer and dryer, and front covered balconies to enjoy sunset beach views. Enjoy Gulf sunset views from the third floor balconies. The condo units are operated as a successful STR business with no minimum rental restrictions which results in endless revenue potential for the next owner/operator. All units must be SOLD Together with all furnishings, bedding, indoor& outdoor furniture to operate STR. each unit has its own, VERY HARD TO FIND 2 car tandem garages with front and rear access roll up doors. All units have been renovated in the past to include granite countertops, solid real wood cabinets, newer appliances, newer hot water heaters, flooring, and interior Paint. DEL MAR CONDOMINIUMS sit strategically directly across street from 2 beach access points and walking distance to many venues and dinning on IRB. After a long day on the beach, you can enjoy your time in the tropical oasis backyard gas heated pool and spa that is shared only between 4 units. Recent changes to Pinellas County Short Term Rental (STR) Ordnance have impacted many inland and coastal vacation rentals. However, this is not the case for 1809 Gulf Blvd which current zoning includes Multifamily and P1 (professional office ) that allows STR and commercial uses strategically advantageous to future owners This property remained unphased during two hurricanes in 2024 showcasing its resilience to Florida’s inclement weather. Furthermore, due to the elevated construction style of this building flooding was limited to tandem garages on first floor. Due to 11ft elevation Flood insurance is a fraction of the cost compared to other properties in the area. Hazard insurance is grossly discounted due to all units having newer impact resistant windows and double pane sliding glass doors on all 4 balconies, and a Brand-new shingle roof installed in 9/2022. Over $250K Capital investment improvements from ownership (list available) Property recently completed a clear Phase 1 condo study with no issues or assessments required. schedule an appointment and do not walk the property or speak to guest as this may disqualify you as a buyer. All information in this listing is for informational purposes and buyer(s)/buyer’s agents are responsible for independently verifying any and all information. All information in this listing is for informational purposes and buyer(s)/buyer’s agents are responsible for independently verifying any and all information. Proforma for long term and Short term rental available with an executed NDA and Confidentially agreement required from all prospective buyer(s) & agent(s)
#TB8375468

INDIAN ROCKS BEACH

1809 GULF BOULEVARD

8 Beds

None Baths

4,664 Sq.Ft.

$2,400,000

MLS#: TB8375468

- property

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