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Pending
  • Price cut: $50K (7/1)
    $2,400,000

    1809 Gulf Blvd, Indian Rocks Beach, FL 33785

    2beds
    2baths
    3,512sqft
    : 
    Quadruplex, Multi Family
    Built in 1981
    -- sqft lot
    $-- Zestimate®
    $683/sqft
    $-- HOA

    What's special

    Granite countertopsGulf sunset viewsWasher and dryerSolid real wood cabinetsOpen kitchen conceptFront covered balconies
    Under contract-accepting backup offers. 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)
    133 days
    on Zillow
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    56
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    3
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    Zillow last checked: 7 hours ago

    Listing updated: July 24, 2025 at 02:14pm

    Listing Provided by:

    Ben Mitrano PA 727-504-3490,

    LPT REALTY, LLC 877-366-2213

    Source: Stellar MLS,MLS#: TB8375468MLS LogoOriginating MLS: Orlando Regional

    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Refrigerator
    • Laundry: Laundry Closet, Laundry Room
    Features
    • Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
    • Flooring: Ceramic Tile, Laminate, Hardwood
    • Doors: Outdoor Shower, Sliding Doors
    • Windows: Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, Low Emissivity Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 4,664
    • Total interior livable area: 3,512 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    • Carport spaces: 2
    • Covered spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Balcony, Outdoor Shower
    • Has private pool: Yes
    • Pool features: Gunite, Heated, In Ground, Lighting, Outside Bath Access
    • Has spa: Yes
    • Spa features: Heated, In Ground, Swim Spa
    • Has view: Yes
    • View description: Water, Gulf/Ocean - Partial
    • Has water view: Yes
    • Water view: Water,Gulf/Ocean - Partial
    Lot
    • Size: 8,574 Square Feet
    • Features: Flood Insurance Required, FloodZone
    Details
    • Parcel number: 013014177700000310
    • Zoning: P1 AND MF
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Wood Frame
    • Foundation: Raised
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Public

    Community & HOA

    Community
    • Features: Buyer Approval Required, Pool
    • Subdivision: CONDO DEL MAR CONDO CONDO
    HOA
    • Has HOA: Yes
    • HOA name: CONDO DEL MAR CONDOMINIUM ASSOCIATION, INC.
    • Pet fee: $0 monthly
    Location
    • Region: Indian Rocks Beach

    Financial & listing details

    • Price per square foot: $683/sqft
    • Annual tax amount: $2,100
    • Date on market: 4/16/2025
    • Cumulative days on market: 133 days
    • Listing terms: Cash,Conventional,Other,Private Financing Available,Special Funding
    • Ownership: Condominium
    • Total actual rent: 25000
    • Road surface type: Paved
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