NOT LISTED FOR SALE

Estimated Value: $2,433,000 - $3,100,434

5 Beds
4 Baths
1,975 Sq Ft
$1,372/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $3,300,000 $1,671 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $18,126/month

323 Days on Market

Highlights

  • 49 Feet of Ocean or Gulf Waterfront
  • Boat Ramp
  • Water access To Gulf or Ocean
  • Anona Elementary School Rated A-
  • Guest House
  • 2-minute walk to Keegan Clair Park

About This Home

As of October 2023

Fabulous Multi-Family Investment Opportunity in Indian Rocks Beach. This is your chance to own a 3-unit Investment/Vacation/Rental property in the heart of one of the most sought-after beach towns. Step back in time and experience Vintage Florida Charm with this
property that offers 49 feet of direct Gulf Front access. You have so many options with this turn-key property, currently grossing $200K a
year, you could rent all units, live in one, or make it your own family compound. Indian Rocks Beach allows Nightly and Weekly rentals to maximize your investment. The main house, closest to the beach, has 3 bedrooms, 2 baths, large open kitchen, spacious screened porch, and features woodburning fireplace in living room. Cottage 1 is a 1 bedroom, 1 bath with kitchen, dining and living room. Cottage 2 is a studio with a kitchen, living and private bath. All units are individually metered and come equipped with attractive furnishings and ample parking for guests in front of the property. Walking through the palm trees into the tropical oasis, there are many shared areas for guest to gather. The large Tiki Hut has a grilling area and plenty of places to soak up the sun. There is a full-sized washer/ dryer and outdoor showers. Indian Rocks Beach is golf-cart friendly, multiple parks, beach art center, library, great restaurants, and local shopping all within walking distance. For an instant and true walk-through experience, be sure to view the virtual tour, floor plans and Matterport tour. Whatever your investment goals are, IRB is an outstanding beach community to invest in! We ask that you please respect tenant privacy and do not walk the property without an appointment.

Last Agent to Sell the Property

Kelly Castellano

COASTAL PROPERTIES GROUP INTERNATIONAL Brokerage Phone: 727-493-1555 License #3254122 Listed on: 08/03/2022

COASTAL PROPERTIES GROUP INTERNATIONAL

Co-Listed By

Peggy Phillips

COASTAL PROPERTIES GROUP INTERNATIONAL Brokerage Phone: 727-493-1555 License #389685

Last Buyer's Agent

Daniel Portera

MIHARA & ASSOCIATES INC. License #3356927

MIHARA & ASSOCIATES INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,795

Year Built

  • Built in 1926

Lot Details

  • 9,766 Sq Ft Lot
  • Lot Dimensions are 50x200
  • 49 Feet of Ocean or Gulf Waterfront
  • East Facing Home

Home Design

  • Florida Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Pile Dwellings

Interior Spaces

  • 1,975 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Sliding Doors
  • Living Room with Fireplace
  • Full Gulf or Ocean Views

Kitchen

  • Range with Range Hood
  • Microwave
  • Solid Surface Countertops

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • Guest Parking
  • Golf Cart Parking

Outdoor Features

  • Outdoor Shower
  • Water access To Gulf or Ocean
  • Seawall
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Schools

  • Anona Elementary School
  • Seminole Middle School
  • Seminole High School

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Tankless Water Heater

Additional Features

  • Guest House
  • Flood Zone Lot

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Indian Rocks Beach Subdivision
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Boat Ramp
  • Community Playground
  • Fishing
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,795

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 1975
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1926
  • Lot Size Sq Ft: 9766
  • Directions to Property: Walsingham Road-688 to Gulf Blvd, head south to address on your right
  • Status: Sold
  • Co List Office Mls Id: MFR260031031
  • Co List Office Phone: 727-493-1555
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Belleair
  • Escrow Postal Code: 33756
  • Escrow State: FL
  • Escrow Street Name: Indian Rocks Rd
  • Escrow Street Number: 601
  • List Office Head Office Key Nume: 1039408
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 1670.89
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate, Wood
  • Full Bathrooms: 4
  • Interior Amenities: Ceiling Fans(s), Solid Surface Counters
  • Appliances Included: Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 5
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Street Number Modifier: 304
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 183.48
  • Room Count: 3

Exterior Features

  • Direction Faces: East
  • Other Structures: Guest House, Storage
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Patio, Porch
  • Road Surface Type: Gravel
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Access: Gulf/Ocean
  • Water Extras: Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 49
  • Flood Zone Date: 2021-08-24
  • Water Frontage Feet Gulf Ocean: 49

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Golf Cart Parking, Guest

Utilities

  • Utilities: Public
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fishing, Golf Carts OK, Park, Playground, Boat Ramp, Sidewalks
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Anona Elementary-PN
  • High School: Seminole High-PN
  • Middle Or Junior School: Seminole Middle-PN

Lot Info

  • Parcel Number: 12-30-14-42858-003-0100
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Lot Dimensions: 50x200
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 907

Rental Info

  • Furnished: Furnished
  • Lease Restrictions YN: 0
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 27794.54
  • Tax Block: 3
  • Tax Book Number: 4-12
  • Tax Lot: 10

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Oct 23, 2023
Sold by
Amended Lorna R Lynch and Revoc Restated
Bought by
304 Gulf Boulevard Llc
Seller's Agent
Kelly Castellano
COASTAL PROPERTIES GROUP INTERNATIONAL
Buyer's Agent
Daniel Portera
MIHARA & ASSOCIATES INC.
List Price
$3,800,000
Sold Price
$3,300,000
Premium/Discount to List
-$500,000
-13.16%
Views
464
Current Estimated Value
$2,709,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$590,391
Avg. Annual Appreciation
-9.71%
Original Mortgage
$2,309,999
Outstanding Balance
$2,264,575
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$445,034

Purchase Details

Closed on
May 19, 2022
Sold by
Lynch Lorna R
Bought by
Lorna R Lynch Amended And Restated Revocable

Purchase Details

Closed on
Nov 7, 1994
Sold by
Fernandez Celestino F and Fernandez C
Bought by
Lynch William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
8.78%
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
304 Gulf Boulevard Llc $3,300,000 Titlemark
Lorna R Lynch Amended And Restated Revocable -- Nodhturft Philip
Lorna R Lynch Amended And Restated Revocable $100 None Listed On Document
Lynch Lorna R -- New Title Company Name
Lynch Lorna R $100 New Title Company Name
Lynch William P $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 304 Gulf Boulevard Llc $2,309,999
Previous Owner Lynch William P $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $3,300,000 -13.2% $1,671 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $3,800,000 0.0% $1,924 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
11/22/2022 11/22/22 Price Changed $3,800,000 -24.0% $1,924 / Sq Ft
09/12/2022 09/12/22 Price Changed $4,999,000 -8.9% $2,531 / Sq Ft
08/03/2022 08/03/22 For Sale $5,490,000 -- $2,780 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $45,126 $3,233,332 $3,023,255 $210,077
2023 $45,126 $2,789,264 $2,626,669 $162,595
2022 $30,347 $2,055,524 $1,936,105 $119,419
2021 $27,795 $1,649,127 $0 $0
2020 $15,374 $941,589 $0 $0
2019 $15,033 $918,355 $0 $0
2018 $13,991 $831,311 $0 $0
2017 $13,878 $812,165 $0 $0
2016 $13,651 $786,133 $0 $0
2015 $13,588 $750,098 $0 $0
2014 $13,540 $744,131 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8172272

Stellar MLS

APN: 12-30-14-42858-003-0100