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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.
| DAYS ON MARKET | 23 | LAST UPDATED | 4/4/2026 |
|---|---|---|---|
| TRACT | INDIAN BEACH RE-REVISED 16TH ADD | YEAR BUILT | 1969 |
| COMMUNITY | 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave, Refrigerator |
| AREA | 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores |
| CONSTRUCTION | Block, Concrete, Stucco |
| EXTERIOR | Dock |
| HEAT | Central |
| LOT | 0.44 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 160x120 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | INDIAN BEACH RE-REVISED 16TH ADD |
| TAXES | 37078.13 |
| UTILITIES | Electricity Available, Phone Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Public |
| WATERFRONT | Yes |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Evan Pedone, ENGEL & VOLKERS MADEIRA BEACH, 727-394-7365
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/23/26 11:48 PM PDT.
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