$2,999,999
Active122 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 listingβs 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.
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122 Coral Ave, Redington Shores, FL 33708
Listing courtesy of HOMESTEAD ROAD Β· MLS# TB8557529 Β· Active
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.
