809 Gulf BOULEVARD, Indian Rocks Beach, FL, 33785 | $1,100,000

*Rare Investment Opportunity: Gulf Coast Duplex in Indian Rocks Beach, Florida, Total 4 bedroom, 2 bath. Each unit is 2bedroom, 1 bath. New metal lifetime roof 2017.
*Embrace the possibility to own a coveted piece of Florida's Gulf Coast with this duplex, prestigiously situated at 809 Gulf Blvd, Indian Rocks Beach. This exceptional property presents an unparalleled investment opportunity for savvy investors and visionary builders keen on capitalizing on the region's lucrative long and short term rental market or embarking on a custom redevelopment project. *Prime Location: Nestled in the heart of Indian Rocks Beach, a vibrant community known for its pristine beaches, delightful restaurants, and family-friendly atmosphere, the duplex offers easy access to the best of coastal living. Be steps away from the soft white sands and the serene waters of the Gulf of Mexico, where sunsets are a daily masterpiece.
*Generous Lot Size: Positioned on a generous parcel of land, the property boasts ample space for expansion or the potential to erect a bespoke luxury residence or multi-family complex, subject to zoning and planning approvals.
*Dynamic Investment Potential: With two existing units, this duplex is ripe for generating immediate rental income with the option to reinvest and scale. Whether you uphold the current structure or tap into the full potential of the lot, the property promises a wealth of investment strategies.
*Quality of Life: Residents and guests enjoy the small-town charm mixed with the luxuries of coastal living, including exquisite dining, unique shopping, and a wide array of water activities all at their fingertips. This duplex on Indian Rocks Beach is more than just a property; it's a canvas awaiting your inspiration. Seize the opportunity to craft a landmark residential icon or sustain a high-yielding investment in one of Florida's most desirable coastal destinations.

Prospective builders will find a hospitable environment for new construction, with local authorities supportive of thoughtful development. Meanwhile, investors can bank on the area's reputation and the existing structure to gather returns while planning for the future.

Don't let this unparalleled chance to make a mark on Gulf Blvd slip away. Explore the full potential of this exceptional property and begin the journey to realizing your Gulf Coast vision.

Features

  • Units: 2
  • Lot Size: 50 x 115
  • Laundry: Outside
  • Year Built: 1980
  • Heating: Electric
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 1,248
  • Acreage: 0.13
  • Lot Size: 50 x 115
  • Est. Taxes: $8,252
  • Elem. School: Anona Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Appliances: Range, Refrigerator
  • MLS#: T3504457
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /prop/T3504457/809gulfboulevard_indianrocksbeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 5/13/2024 5:32:11 PM)

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809 Gulf BOULEVARD, Indian Rocks Beach, FL, 33785

$1,100,000

Fabiola Rodriguez

Sales Associate

William Raveis Real Estate

Phone: 941.345.3912

Fabiola.Rodriguez@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $880,000 $880,000 $880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 6.977% 7.041%
Monthly Tax Payment $688 $688 $688
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,003 $5,781 $7,848
Total Monthly Payment $6,816 $6,594 $8,661

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.