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6.6% CAP RATE - FULLY PERMITTED RENOVATIONS... STR potential can exceed current income. Welcome to 1214 Bay Pine Blvd, an exceptional investment opportunity in the scenic coastal town of Indian Rocks Beach, Florida. This fully updated triplex, with no deferred maintenance, offers a unique blend of comfort and profitability. The property comprises two cozy studio apartments and a spacious 1100 sq ft main unit, each boasting new kitchens, appliances, flooring, and updated AC units. All units enjoy private patios, perfect for soaking up the Florida sunshine and the gentle sea breeze. Just steps from the beach, this corner property provides easy access to the intercoastal and the sparkling Gulf of Mexico. The location also offers convenient access to a variety of local amenities, ensuring a lifestyle of comfort and convenience. With its new exterior features including roof, landscaping, driveways, and lighting, and ample parking for 8-10 cars, this property is primed for generating rental income or serving as your dream beach getaway. With an oversized corner lot there is ample room to install a private pool. The property also features zoning flexibility and no short-term rental minimum, making it a versatile investment. Don't miss out on this rare opportunity to capitalize on all that Indian Rocks Beach has to offer.
| DAYS ON MARKET | 683 | LAST UPDATED | 11/20/2025 |
|---|---|---|---|
| TRACT | INDIAN BEACH RE-REVISED 1ST ADD | YEAR BUILT | 1947 |
| COMMUNITY | 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Feb 26, '24 | $1,299,000 |
|---|---|
| Feb 26, '24 - Mar 3, '24 | $1,195,000 |
| Mar 3, '24 - Mar 17, '24 | $1,150,000 |
| Mar 17, '24 - Mar 27, '24 | $1,050,000 |
| Mar 27, '24 - May 18, '24 | $1,150,000 |
| May 18, '24 - Jun 5, '24 | $1,125,000 |
| Jun 5, '24 - Aug 9, '24 | $1,150,000 |
| Aug 9, '24 - Sep 11, '24 | $1,059,000 |
| Sep 11, '24 - Apr 21, '25 | $998,000 |
| Apr 21, '25 - Sep 18, '25 | $969,000 |
| Sep 18, '25 - Nov 20, '25 | $949,000 |
| Nov 20, '25 - Today | $995,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| AREA | 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores |
| CONSTRUCTION | Block, Concrete, Stucco |
| EXTERIOR | Awning(s), Courtyard, Dog Run, Garden, Lighting, Rain Gutters, Storage |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Corner Lot, Level, Near Public Transit, Paved |
| PARKING | Boat, Guest, Off Street, On Street, RV Access/Parking |
| SEWER | Public Sewer |
| SUBDIVISION | INDIAN BEACH RE-REVISED 1ST ADD |
| TAXES | 7030 |
| UTILITIES | Cable Available, Cable Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Mike Daquino, DOUGLAS ELLIMAN, 727-698-5708
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/19/25 3:41 AM PST.
This IDX solution is (c) Diverse Solutions 2025.