Commercial Sale · Multi Family (5+)
2307 BAY BOULEVARD, INDIAN ROCKS BEACH, FL, 33785
Active121 days on marketListed Apr 4, 2026MLS #TB8493725
About this property
The property at a glance
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.
6,872
Building sq ft
$611
Price / sq ft
0.44
Lot acres
1969
Year built
8
Units
2
Buildings
Multi Family (5+)
Property type
The numbers
Investment snapshot
$524,875
Price / unit
8
Units
Estimated payment (illustrative)
Estimated payment
$22,131/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Steeve to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
3,655
Population
$104,994
Median income
59
Median age
2
Avg household
$687,925
Median home value
$1,867/mo
Median rent
160
Households w/ kids
Consumer profile
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Expressing feelings of safety, comfort and happiness - especially with loved ones.
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
Great things are meant to be shared, and this population is eager to show others what they find to be amazing, beautiful and exciting.
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
Recent sales
What actually sold near 2307 BAY BOULEVARD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$686,250
12800 INDIAN ROCKS ROAD
5,503 sqft · $125/sqft · Sold Jan 31, 2025
$49,050
1346 S FORT HARRISON AVENUE
5,371 sqft · $9/sqft · Sold Feb 28, 2025
$1,260,000
1314 S FORT HARRISON AVENUE
4,565 sqft · $276/sqft · Sold May 7, 2026
Your team
The pros in your corner
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 2307 BAY BOULEVARD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2307 BAY BOULEVARD.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH · Evan Pedone. MLS #TB8493725.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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