516 GULF BOULEVARD
INDIAN ROCKS BEACH, FL 33785
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- 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.
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 2, 2026 | Price reduced | $4,150,000 | −$950,000 |
| Aug 28, 2024 | Listed | $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.
Location
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