122 CORAL AVENUE Redington Shores, FL $ 2,900,000
122 CORAL AVENUE
$ 2,900,000
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122 CORAL AVENUE

Redington Shores, FL, 33708
$ 2,900,000
Bedrooms5 Baths8.0 Sq 3,354

Monthly Estimate*

$ 18,092

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Multi-Family Home for sale in Redington Shores, FL

for $2,900,000 with 5 bedrooms and 8 full baths. This 3,354 square foot home was built in 1951 on a lot size of 0.15.

Prime Investment Opportunity: Fully Renovated ~ 8 unit ~ Airbnb Property Steps from the Beach Nestled less than 450 feet from public beach access, this exceptional property offers an unparalleled opportunity for short-term rental success. Zoned Commercial Tourist Facilities (CTF), it is approved for nightly rentals, making it the perfect choice for an investor looking for passive income along the Gulf Coast Beaches. Property Highlights; Complete Renovation: This property has been meticulously upgraded, including a durable aluminum PVD-plated roof, custom impact-resistant windows, and a full electrical rewire with new panels for optimal safety. Gourmet Kitchens & Spa-Inspired Bathrooms. Each unit features a sleek, European-style kitchen with quartz countertops, glass backsplashes, and premium appliances. The bathrooms have been tastefully updated, new showers, vanities, and modern fixtures. Premium Finishes: No detail has been overlooked, from the Stiebel tankless water heaters and new mini-split AC systems in 7 of the 8 units to the eco-friendly Cali bamboo long plank flooring. Cohesive Aesthetic: Every unit shares a uniform, coastal luxury design with the same exquisite materials, including a newly installed permeable paver system and durable new stucco with advanced lathe for long-lasting results. Outdoor Potential: The property is primed for additional amenities, with power already run underground for a 12-person hot tub in the beautiful central courtyard. There is also ample space to add a pool or spa/hot tub. Ideal Location: Situated within a block of several popular restaurants and bars, this property also features 8 on-site parking spots for added convenience. With its impeccable design, unbeatable location, and turn-key status, this property is a prime opportunity for generating substantial income through short-term rentals. Dont miss out on your chance to own this stunning slice of coastal paradise! (PORTFOLIO PACKAGE AVAILABLE; Property can be purchased with 2116/2114 1st St, Indian Rocks Beach, and/or 2605 Bay Blvd, Indian Rocks Beach)

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Multi-Family Active

Price

$ 2,900,000

Bedrooms

5

Full Bath

8

Property Type

Multi-Family

Taxes

$ 12,245

Style

Multi Family

Lot Size

0.15

Year Built

1951

Town/City

Redington Shores

County/Region

Pinellas

MLS | Web ID

TB8398480

Features
Interior
Interior Amenities ceiling fan(s) open floorplan stone counters
Flooring bamboo
Furnished Y/N furnished
Air Conditioning Y/N yes
Heating Y/N yes
Window Features storm window(s)
Fireplace Y/N no
Laundry Features common area
Total Bedrooms 5
Total Baths 8
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General
Sewer public sewer
Heating central electric
Cooling central air mini-split unit(s)
Utilities cable connected electricity connected water connected
Roof metal
Patio/Porch Features covered front porch patio porch rear porch
Construction Materials block
Year Built 1951
Property Subtype multi family
Tax Year 2024
Ownership fee simple
Gross Income 265000
Additional Parcels Description 31-30-15-36324-000-0720
County pinellas
New Construction no
Property Type residential income
HOA N
Subdivision Name harbor shores 2nd add
Garage Y/N no
Status active
Directions heading north on gulf blvd turn left first building on the left.
City redington shores
Senior Community Y/N no
Number Of Units Total 8
MLS Area 33708 - st pete/madeira bch/n redington bch/shores
Lot Size Units square feet
Lot Size Square Feet 6643
Carport Y/N no
Listing Terms cash conventional fha
Land Lease Y/N no
Tax Annual Amount 12245
Additional Parcels Y/N yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/tb8398480
Building Area Units square feet
Living Area Units square feet
Standard Status active
Tax Lot 73
Legal Description harbor shores 2nd add lot 73
Water Access Type beach gulf/ocean
Water Access Y/N yes
Water View Y/N no
Flood Zone Code ae
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Exterior
Exterior Amenities balcony courtyard lighting outdoor shower rain gutters sidewalk storage
Parking Features assigned golf cart parking guest
Lot Features corner lot flood insurance required floodzone sidewalk
Water Source public
Lot Size Area 6643
Foundation Details slab
Number of Buildings 3
Lot Size Acres 0.15
Road Surface Type paved
Private Pool no
Waterfront Y/N no
Road Frontage Type street paved
Number of Lots 2
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Internal Only
Street Number 1 122
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* Excluded Features
List By
Century 21 Beggins

Broker

veronicasierra@c21be.com

Email

Affordability Calculator

$19,113
Per Month
95%
5%
0%
Monthly Principal & Interest
$18,092
Monthly Property Taxes
$1,020
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2025$2,900,000 Listed Price

Map


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122 CORAL AVENUE, Redington Shores, FL, 33708 is a Multi-Family Home for sale at $2,900,000 with 3,354 sqft and a lot size of 0.15. 122 CORAL AVENUE has 5 bedrooms, 8.0 baths, and was built in 1951. The property's zip code is 33708 which is in Redington Shores, FL