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Lasbury Tracy Realty Inc
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$2,999,999

Active

122 Coral Ave, Redington Shores, FL 33708

3,319 sq ft

Listing courtesy of HOMESTEAD ROAD Β· MLS# TB8557529

Listed today

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Turn-Key Luxury Coastal Investment | 8-Unit Multi-Family Opportunity!!!Situated less than 450 feet from public beach access, this fully renovated 8-unit multi-family asset is a premier short-term rental opportunity along the Gulf Coast. Zoned Commercial Tourist Facilities (CTF) for approved nightly rentals, the property offers immediate, high-yield passive income. Key Property Upgrades & Features: Comprehensive Renovations: Outfitted with a durable aluminum PVD-plated roof, custom impact-resistant windows, and a fully rewired electrical system with new panels. Upgraded Interiors: Each unit boasts European-style kitchens with quartz countertops and glass backsplashes, paired with modern, spa-inspired bathrooms featuring updated vanities and custom showers. High-Efficiency Comfort: Equipped with Stiebel tankless water heaters, mini-split A/C systems in 7 units, and sustainable Cali bamboo plank flooring. Extensive Exterior Upgrades: Features permeable paver ground coverage, fresh stucco with advanced lathe, and dedicated power already run for a 12-person courtyard hot tub (with ample space to add a pool or full spa). Prime Beachside Location: Includes 8 on-site parking spaces and is located within steps of local dining, shopping, and nightlife. Fully furnished, impeccably maintained, and optimized for short-term rental performance.

Facts

Property type
Multi-Family 5+
Year built
1951
Water access
Beach, Gulf/Ocean
Flood zone
AE
Annual taxes
$9,531/yr
Listed
Oct 14, 2026
MLS #
TB8557529

Commercial details

Building & site

Building size
3,763 SF
Lot size
0.15 acres (6,643 SF)
Zoning
RINC
Road frontage
City Street
Buildings
4

Investor metrics

Price per SF (MLS)
$797.24/SF
Units
8

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

122 Coral Ave, Redington Shores, FL 33708

Listing courtesy of HOMESTEAD ROAD Β· MLS# TB8557529 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Wed, Oct 14 Β· Midday (12-3)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 14, 2026, 1:05 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]