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A Proven Cash Flow Machine — Steps from the Gulf
This isn't just a beach house — it's a turnkey income-producing powerhouse on one of Florida's most sought-after barrier islands. With over $200, 000 in vacation rental revenue in 2025 and $120, 000+ already booked for 2026, the numbers speak for themselves. The demand is real, the returns are exceptional, and the lifestyle is unmatched.
Welcome to 2302 Bay Blvd — a stunning Key West–style pool home just steps from the white sand beaches of Indian Rocks Beach. From the moment you arrive, the tropical energy is undeniable. The ground level opens to your own private resort: a heated PebbleTec pool and illuminated spa, a fully equipped tiki bar, and a 500-square-foot fire pit area — all enclosed within a full privacy fence. This is the kind of outdoor space guests rave about and book again for.
Step inside the main living level and soaring cathedral ceilings, abundant natural light, and a wide-open floor plan immediately set the tone. The gourmet kitchen features stainless steel appliances, a center island, granite countertops, and solid wood cabinetry — ideal for everything from family dinners to catered events. Just off the kitchen, a private deck overlooks the Intracoastal Waterway, offering serene bay views and unforgettable sunsets.
The upper-level primary suite is a true owner's retreat, complete with a beautifully updated private bathroom and water views from both east- and west-facing windows. The main floor offers two additional spacious bedrooms and a full bathroom with a walk-in shower — perfect for guests or family.
Here's where the investment gets even smarter. A lock-out unit seamlessly connects to the main home, featuring 2 bedrooms, 1 bathroom, its own living room, full kitchen, dining area, and a wraparound balcony overlooking the tropical oasis below. Rent it out independently for added income, or open it up to accommodate larger groups. Flexibility like this is what drives top-tier rental performance.
Property Highlights
Proven Revenue: $200K+ gross rental income in 2025; $120K+ already booked for 2026
Prime Location: Steps to Gulf beach access in Indian Rocks Beach — one of the Tampa Bay area's most desirable vacation destinations
Resort-Style Outdoor Living: Heated pool & spa, tiki bar, 500 sq ft fire pit area, full privacy fence
Flexible Layout: Lock-out 2BR/1BA unit can operate as an independent rental or extend the main home to 5BR/4BA
Intracoastal Waterway Views: Deck with bay views from the main living level and primary suite
Parking for 8 Vehicles: 4-car garage with hurricane-rated doors plus 4 additional exterior spaces — a rare and valuable asset in a beach
community
Designer Interiors: Thoughtfully designed with tropical-luxe finishes, plush furnishings, and Instagram-worthy bedroom suites that keep guests coming back
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,272,000 | $1,272,000 | $1,272,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.259% | 6.223% |
| Monthly Tax Payment | $1,382 | $1,382 | $1,382 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,423 | $7,729 | $10,734 |
| Total Monthly Payment | $8,930 | $9,236 | $12,241 |
* 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.