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509 1st Street

Indian Rocks Beach, FL 33785

– beds
– baths
2,081 sqft
7,619 sqft lot
$569 per sqft
1947 build
– on site

More homes

Beach investment property! Paradise calls from this spacious duplex where ALL the work is done-completely remodeled and turnkey! From furnishings, kitchenware, linens to art, this investment is a breeze! The property has an outstanding pool area in a completely fenced yard with large porch covered area and grills for cook outs. Walking distance to gorgeous beaches, a variety of restaurants and an amazing water park! Last year net income was $125,000, and future rentals are available - this is an exceptional opportunity. Both units live like individual homes! Rent out both on a daily, weekly, or monthly basis. There are no rental restrictions on Indian Rocks Beach which makes this property a lucrative investment for rental income. Allow your investment to work for you! Upstairs unit overlooks private pool and has oversized bunkbeds with trundle, allowing for up to six to sleep; master bedroom has king bed, and living room has a pull out sofa bed. Chef's delight in the fully equipped kitchen with open concept floor plan to dining and living room areas, and there is and inside washer/dryer, too! Ground level two bedroom unit has separate dining area, tray ceilings, crown molding, and kitchen with stainless steel appliances and abundant cabinet space; lots of area to help your guests create magical, memorable vacations that will keep them coming back to this sought after destination. Sleeper sofa in living room and separate breakfast bar seats 4. Gorgeous bath with walk in shower, washer, dryer off hallway, both bedrooms have walk-in closets and direct access to large pool through bonus room; all floors are tile and easy care! Heated salt water pool and carport with parking for up to six vehicles including driveway. Each unit has trendy furnishings, and exceptional hard to find outdoor areas to enjoy the pool. Ideal situation for multiple families to enjoy; sleeps up to 14 guests! Vacation in this friendly, small beach town and let the income offset the expenses, this is a wonderful opportunity!

Listing courtesy of STELLAR_MLS / COASTAL PROPERTIES GROUP INTERNATIONAL

Last checked: Checking… • Last updated Feb 27, 2024 •

MLS# U8195244 —

The Building

Year Built:

1947
New Construction:

false
Construction Materials:

Other
Number Of Buildings:

1
Building Area Total:

2970
Levels:

Two
Roof:

Shingle
Foundation Details:

Stilt/On Piling
Window Features:

Shades
Patio And Porch Features:

Covered
Security Features:

Smoke Detector(s)

Interior

Furnished:

Furnished
Interior Features:

Built in Features
Additional Rooms:

Bonus Room
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

2081
Living Area Units:

Square Feet
Living Area Source:

Estimated

Location

Directions:

From SR 688 head west over Indian Rocks Beach bridge, turn right on 1st Steet just before Gulf Blvd and property is on right.
Latitude:

27.884794
Longitude:

-82.849057
Coordinates:

-82.849057, 27.884794

The Property

Parcel Number:

123014377640060170
Property Type:

Residential Income
Property Sub Type:

Duplex
Property Attached:

false
Lot Features:

Cul-De-Sac
Lot Size Acres:

0.17
Lot Size Square Feet:

7619
Lot Size Area:

7619
Lot Size Dimensions:

75 x 100
Lot Size Units:

Square Feet
Zoning:

RES
View:

Pool
Exterior Features:

Balcony
Water Source:

Public
Total Acreage:

0 to less than 1/4
Road Surface Type:

Paved
Road Frontage Type:

Street Dead-End
Flood Zone Code:

AE
Flood Zone Panel:

12103C0113H
Homestead:

false
Lease Restrictions:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

17
Tax Block:

6
Tax Book Number:

5-27
Tax Annual Amount:

9712.32
Tax Legal Description:

HAVEN BEACH SUB BLK 6, LOT 17 AND N 1/2 OF LOT 16

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%-$250

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Built-In Oven
Laundry Features:

Inside

The Community

Subdivision Name:

HAVEN BEACH SUB
Senior Community:

false
Community Features:

Community Boat Ramp
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

true
Pool Features:

Deck
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

true
Carport Spaces:

4
Covered Spaces:

4
Open Parking:

true
Parking Features:

Boat

Extra Units

Number Of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/1/23 May 1, 2023	Sold	STELLAR_MLS	$1,184,300	-5.3%
4/3/23 Apr 3, 2023	Pending	STELLAR_MLS	$1,250,000
3/29/23 Mar 29, 2023	Listed / Active	STELLAR_MLS	$1,250,000	614.3% (65.4% / YR)

Multifamily Sold on 5/1/2023

$1,184,300

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Listing Courtesy of: STELLAR_MLS and COASTAL PROPERTIES GROUP INTERNATIONAL.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

509 1st Street

Indian Rocks Beach, FL 33785