1214 Bay Pine BOULEVARD, Indian Rocks Beach, FL, 33785 | $998,000

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.

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.

Features

  • Bedrooms: 5
  • Units: 3
  • Laundry: Laundry Room
  • Year Built: 1947
  • Garage: Boat, Guest, Off Street, On Street, RV Parking
  • Heating: Central, Electric
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 1,480
  • Acreage: 0.16
  • Est. Taxes: $6,890
  • Lot Desc: Corner Lot, Flood Insurance Required, FloodZone, City Lot, Level, Near Public Transit
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: U8230633
  • Days on Market: 254 days
  • Website: https://www.raveis.com
    /prop/U8230633/1214baypineboulevard_indianrocksbeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 12/22/2024 4:36:23 AM)
Listing courtesy of Douglas Elliman   Phone: 727-698-5708

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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1214 Bay Pine BOULEVARD, Indian Rocks Beach, FL, 33785

$998,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $798,400 $798,400 $798,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $574 $574 $574
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $5,178 $5,112 $7,010
Total Monthly Payment $5,844 $5,778 $7,676

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.