Have you ever dreamt of owning your own piece of “Old Florida"? How about one that consistently earns over $125,000 annually?! This amazing multi-family property is nestled between the WEST side of Gulf Blvd and the nostalgic, shell-lined Beach Trail, just steps from the white sandy beaches of the beautiful Indian Rocks Beach and the rolling waves of the Gulf of Mexico. As you pass through the gates, you’ll be immersed in the lush, tropical landscaping complete with a gorgeous heated, saltwater pool, recently installed in 2020. Originally built in 1925, this home has been completely refinished and meticulously maintained, featuring gorgeous coffered ceilings, stunning arched entryways and complementary flooring throughout. It currently operates as a 2bed/2bath and a 1bed/1bath, but may easily be converted back to 3 separate 1/1 units (each separately metered) or could be opened up and utilized as a single-family style home. Each unit has it’s own adorable front and rear patios, perfect for early morning coffee and kicking back after a long day at the beach. Please note, this property is zoned CT - Commercial Tourism with no minimum rental restrictions and these rights can never be taken away. This is an amazing investment opportunity with a great book of business and many returning guests and families year after year; perfect for the seasoned investor or novice alike. For buyers' piece of mind, a recent 4 point inspection and wind mitigation report has been completed. Properties in this unique treasure cove of IRB rarely come available. Short walk to IRB's best dining and entertainment. Relax, unwind, and come enjoy the best of Florida Living. Be sure to check out the virtual tour and call today to schedule your private showing!
•Source:Stellar MLS as Distributed by MLS Grid #U8229379
Redfin Estimate
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Market trends in 33785, FL
Last updated September 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-List Price
96.3%
+0.5% MoM
Median sale price
$675K
$5K MoM
Avg. days on market
68d
0 days MoM
Recently sold homes
63
20 MoM
Provided by Redfin
Sale history for 722 Gulf Blvd
Date
Event
Price
Stellar MLS as Distributed by MLS Grid #TB8391436
Dec 3, 2025
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #TB8391100
Dec 3, 2025
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #U8229379
Mar 28, 2024
Sold
$1,425,000
$1,140/sq ft
Feb 15, 2024
Pending
—
Feb 1, 2024
Listed
$1,395,000
$1,116/sq ft
Public Records
Jun 10, 2008
Sold
$215,000
$172/sq ft
Stellar MLS as Distributed by MLS Grid #U7316844
Dec 5, 2007
Listing Removed
—
Public Records
Oct 2, 2001
Sold
$192,000
$154/sq ft
Public Records
Sep 29, 1992
Sold
$87,000
$70/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,399 (−2.1%)
$573,776 + $36,224
$610,000
2024
$10,618 (+5.6%)
2023
$10,052 (+32.7%)
2022
$7,574 (+10.4%)
2021
$6,859 (+4.8%)
2020
$6,542 (+26.4%)
2019
$5,176 (+12.9%)
2018
$4,583 (+2.7%)
2017
$4,464 (+7.4%)
$239,488 + $14,744
$254,232
2016
$4,158 (+4.0%)
2015
$4,000 (+2.4%)
2014
$3,905 (+7.0%)
2013
$3,650 (+30.2%)
2012
$2,804
Tax history for 722 Gulf Blvd
Year
Property tax
Land + Additions
Assessment*
2025
$10,399 (−2.1%)
$573,776 + $36,224
$610,000
2024
$10,618 (+5.6%)
2023
$10,052 (+32.7%)
2022
$7,574 (+10.4%)
2021
$6,859 (+4.8%)
2020
$6,542 (+26.4%)
2019
$5,176 (+12.9%)
2018
$4,583 (+2.7%)
2017
$4,464 (+7.4%)
$239,488 + $14,744
$254,232
2016
$4,158 (+4.0%)
2015
$4,000 (+2.4%)
2014
$3,905 (+7.0%)
2013
$3,650 (+30.2%)
2012
$2,804
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
3
Stories
1
Lot width
50 ft.
Lot depth
115 ft.
Lot size
5,750 Sq. Ft.
Year renovated
1990
Sq. Ft.
1,250
Year built
1925
Style
Multi-Family (2-4 Unit)
County
Pinellas County
APN
143012598320030060
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 14, 2026.
CT
High Density Commercial Tourist District
The CT, commercial tourist district provides for various commercial tourist facilities of high density and related to both the natural assets of the city as well as the ability to provide the necessary public facilities and utilities. The CT commercial tourist district correlates with the resort facilities high RFH 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. Temporary lodging use of dwellings is permitted.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Hotel / motel
Planned unit development (pud)
Nov 9, 2025 • Final
Residential remodel/repair/renovation
Repair storm damage on a residential building. Work includes floor sheathing, heating and air conditioning, drywall, insulation, baseboards, paint texture, electrical outlets and wiring, water heater, cabinets, countertops, and interior doors.
Electrical
HVAC
Plumbing
Remodel
Aug 6, 2025 • Final
Express building
Install a new light fixture in the attic.
Electrical
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.