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 $190,000+ 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
Single-familyProperty Type
1980Year Built
7,850 sq ftLot Size
$630Price/Sq.Ft.
4 car garageParking
Listed by Robert Washington• VINE REAL ESTATE ADVISORS
Welcome to paradise and your opportunity to own a gorgeous beach house with unlimited income potential. Located steps from the soft sands of the Beach, sits this stunning, Key West style pool home boasting 5 bedrooms, 4 bathrooms and 4 car garage. The ground floor offers your own private, tropical oasis. Complete with Heated Pebble Tech Pool and lighted Spa, Tiki Bar with full electric and water, a 500 sq ft sandy Fire pit and full privacy fence, this is the perfect spot to entertain guests. This level also features an outdoor pool bathroom, plenty of storage rooms and parking for up to 8 cars, 4 under the protection of newer hurricane-rated doors. Beach parking is not an issue here! New roof in 2020. From the moment you enter the main floor, you will be greeted with a huge open floor plan, cathedral ceilings and skylights letting in that gorgeous Florida sunshine. Off the fully furnished, spacious living area, find a gourmet kitchen complete with a stainless steel island, granite countertops, and solid wood cabinets offering plenty of storage. Enjoy views of the Intercoastal Waterway from the deck located just outside the kitchen and dining room. Sit outside and take in that salty air before retiring to one of five bedrooms. The primary suite has its own floor on the upper level and boasts a private, updated bathroom. Wake up to views of the water from both the East and West facing windows. Head back down to the main living space to find 4 bedrooms and 2 more bathrooms. Two of the spacious bedrooms are located on the main floor and include a bathroom with a walk in shower. A lock out unit connects the main house with a separate apartment offering 2 bedrooms and 1 bathroom, that can be used by the owners, or rented out to guests. That’s right, live in the main house, and earn an income by renting out the adjoining unit. Featuring its own living room, kitchen, dining space and a wrap around balcony overlooking the tropical oasis below, guests will love the privacy this space offers. With its own separate a/c unit, washer/dryer, appliances, and fully furnished accommodations, future tenants or guests will have all they need for a perfect short term IRB vacation! IRB is a popular destination by tourists all over the world. Don’t miss this amazing investment opportunity to live at the beach while generating a sizeable income. Schedule your showing today!
Stellar MLS as Distributed by MLS Grid #U8200703
Oct 5, 2023
Sold
$1,375,000
$568/sq ft
Aug 2, 2023
Pending
—
Jul 18, 2023
Relisted
—
May 17, 2023
Pending
—
May 15, 2023
Listed
$1,400,000
$578/sq ft
There’s no better living, than living at the beach! Located steps from the sandy beach, sits this stunning, Key West style pool home boasting 5 bedrooms, 4 bathrooms and 4 car garage. The ground floor offers your own private, tropical oasis. Complete with Heated Pebble Tech Pool and lighted Spa, Tiki Bar with full electric and water, a 500 sq ft sandy Fire pit and full privacy fence, this is the perfect spot to entertain guests. This level also features an outdoor pool bathroom, plenty of storage rooms and parking for up to 8 cars, 4 under the protection of newer hurricane-rated doors. Beach parking is not an issue here! From the moment you enter the main floor, you will be greeted with a huge open floor plan, cathedral ceilings and skylights letting in that gorgeous Florida sunshine. Off the fully furnished, spacious living area, find a gourmet kitchen complete with a stainless steel island, granite countertops, and solid wood cabinets offering plenty of storage. Enjoy views of the Intercoastal Waterway from the deck located just outside the kitchen and dining room. Sit outside and take in that salty air before retiring to one of five bedrooms. The primary suite has its own floor on the upper level and boasts a private, updated bathroom. Wake up to views of the water from both the East and West facing windows. Head back down to the main living space to find 4 bedrooms and 2 more bathrooms. Two of the spacious bedrooms are located on the main floor and include a bathroom with a walk in shower. A lock out unit connects the main house with a separate apartment offering 2 bedrooms and 1 bathroom, that can be used by the owners, or rented out to guests. That’s right, live in the main house, and earn an income by renting out the adjoining unit. Featuring its own living room, kitchen, dining space and a wrap around balcony overlooking the tropical oasis below, guests will love the privacy this space offers. With its own separate a/c unit, washer/dryer, appliances, and fully furnished accommodations, future tenants or guests will have all they need for a perfect IRB vacation! IRB is not only highly sought after by vacationers but a favorite among locals as well. With John’s Pass to the south and Clearwater Beach to the north, you are surrounded by some of the most beautiful beaches in the country. Roof is 2020. If you are looking to truly live the salt life, it doesn’t get any better than this!
The RM-1, medium density residential district provides for medium density single-family and two-family residential dwellings and correlates with the residential medium RM category of the countywide plan. Any use which is not specifically identified as a permitted use, accessory use or special exception use is a prohibited use. Prohibited uses shall include, but are not limited to, temporary lodging use of a dwelling.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Dec 17, 2020 • Final
Express building
Remove and replace shingles on a residential building with peel and stick underlayment.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 25 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indian Rocks Beach, FL • 33785
Average low and high temperatures (°F)
67
50
71
56
78
61
84
67
88
73
90
77
91
78
91
78
89
76
84
69
79
62
73
56
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
66/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2302 Bay Blvd
$1,437,183
$88K under list price of $1.53M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $780K to $1.5M.