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Active · Multi-Family

516 GULF BOULEVARD

INDIAN ROCKS BEACH, FL 33785

Beds
5 beds
Baths
4 baths
Area
3,090 sqft
Multi-FamilyBuilt 193212,733 sqft lotCentralCentral AirFireplace$1343/sqft721 days on market

About this home

PRICE REDUCED!!! If you've been dreaming of owning a generational income producing property. Look no further. Come make memories with your family for years to come and have this property virtually pay for itself. This is a highly sought after rental with repeat customers. Who build their own memories at this amazing beach front front property. It's walkable to restaurants, water parks, shopping and ice cream. Who doesn't want ice cream at the beach. Don't let this opportunity pass you by... This exquisitely curated home and duplex (one bedroom one bath downstairs and upstairs) offers the ideal blend of coastal charm and modern convenience, making it perfect for creating lasting memories for years to come. Zoned for short-term rentals, this property offers a unique opportunity to enjoy breathtaking sunsets while covering your expenses with rental income. With reservations already on the books, you can start benefiting from this investment right away. Recent updates include newer AC units, an upgraded electrical service panel, a water heater, mini-splits, and a refreshed downstairs unit – all completed within the last few years. Situated on an expansive lot of nearly 1/3 acre, this property is zoned for up to 10 units, offering limitless potential. Don’t miss out on this exceptional opportunity to own a piece of paradise! MAIN HOUSE TOTAL SQ FT 2648 APPROXIMATELY DOWNSTAIRS UNIT 448 SQ FT APPROXIMATELY UPSTAIRS UNIT 225 SQ FT APPROXIMATELY PLEASE CHECK OUT FLOR PLANS ATTACHED IN THE PHOTOS FOR ROOM SIZES. Buyer and buyers agent are responsible to confirm all room sizes.

Facts & features

Interior

Bedrooms
5
Bathrooms
4
Living area
3,090 sqft
Heating
Central
Cooling
Central Air
Flooring
Ceramic Tile, Wood
Fireplace
Yes
Features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets…
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range…

Exterior & lot

Lot size
12,733 sqft (0.29 ac)
Waterfront
Yes
Roof
Shingle
Construction
Vinyl Siding, Frame
Exterior
Hurricane Shutters, Lighting, Private Mailbox, Sidewalk, Sliding Doors

Financial

Annual tax
$50,980 (2025)
Price / sqft
$1343/sqft

Utilities

Water
Public
Sewer
Public Sewer
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Sprinkler Meter…

Property

Property type
Multi-Family
Year built
1932
Subdivision
HAVEN BEACH SUB
County
Pinellas

Listing

Status
Active
Days on market
494 days
MLS #
MFR735239482
Source
Stellar MLS

Listed by Scott Friedman · STOFEL & ASSOCIATES REALTY

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$25,433/mo
Principal & interest
$20,985/mo
Property tax
$4,248/mo
Home insurance
$200/mo

Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.

Ask about this property

Answered from this listing’s own figures and the sales around it.

Price history

From the property’s MLS record.

DateEventPriceChange
Jul 2, 2026Price reduced$4,150,000−$950,000
Aug 28, 2024Listed$5,100,000

Neighbourhood

The schools below come from the MLS record for this home. Walking, transit and cycling figures for INDIAN ROCKS BEACH, FL are not connected yet, so this page does not show them.

Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home

Location

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