WHY EVERY SERIOUS INVESTOR NEEDS TO LOOK AT THIS DEAL
This is not a fix-and-flip. This is not a standard rental. This is a GULF-FRONT, MULTI-STRATEGY asset on the Pinellas barrier island strip — one of the most sought-after corridors in all of Florida. Three exits. One acquisition. Here's the play:
PLAY #1 — Cash-Flow Machine NOW: Operate the dual-unit as STR or MTR with zero rehab required
PLAY #2 — VALUE ADD DEVELOPMENT PLAY: Demolish and build up to 5 condos on a gulf-front lot already approved for this type of construction — this is the move
PLAY #3 — Luxury SFR Rebuild: Demo and build a custom gulf-front estate — one of the most valuable asset classes in Pinellas County
NO HOA. NO RESTRICTIONS. 28 of 45 comparable VRBO listings in this corridor are SOLD OUT — many through 2026
CURRENT AS-IS RENTAL INCOME — DUAL UNIT BREAKDOWN
UNIT 1 — 2 Bed / 2 Bath:
LONG-TERM RENTAL (LTR): $5,000 – $6,000 / month
SHORT-TERM / MTR: $500 – $600 / night
MTR MONTHLY EQUIVALENT: $15,000 / month
UNIT 2 — 3 Bed / 2 Bath:
LONG-TERM RENTAL (LTR): $6,000 – $7,500 / month
SHORT-TERM / MTR: $700 – $800 / night
MTR MONTHLY EQUIVALENT: $20,000 – $23,000 / month
COMBINED AS-IS INCOME POTENTIAL:
COMBINED LTR: $11,000 – $13,500 / month
COMBINED STR/MTR: $35,000 – $38,000 / month
PROPERTY HAS NEVER BEEN RENTED AS STR — first-mover advantage, you set the market rate
STR IS PERMITTED — Buyer responsible for obtaining required City permit
VRBO MARKET COMPS — GULF-FRONT INDIAN SHORES / IRB
(45 total listings searched; 28 sold out for week of March 1–8. Buyer to independently verify all rental data.)
Gulf Front IRB | 5 Bed / 5 Bath — $1,475/night | $10,685/week
Gulf Front IRB | 7 Bed / 5 Bath — $1,223/night | $8,921/week
Gulf Front | 8 Bed / 6 Bath — $2,329/night | $16,843/week
Direct Beach Front | 6 Bed / 4.5 Bath — $1,178/night | $8,246/week — SOLD OUT
Oceanfront Home | 5 Bed / 4.5 Bath — $1,100/night | $8,071/week — SOLD OUT
Gulf Front | 6 Bed / 5 Bath — $2,100/night | $19,613/week — SOLD OUT
Beachfront | 6 Bed / 5 Bath — $1,198/night | $8,386/week — SOLD OUT THRU 2026
MARKET AVERAGE: $1,529/night | $11,522/week
THE VALUE ADD DEVELOPMENT PLAY — THIS IS THE REAL OPPORTUNITY
OPTION A — 5-UNIT CONDO DEVELOPMENT (DEFINITE VALUE ADD):
LOT IS ALREADY APPROVED for up to 5-unit condo construction — this is not speculative zoning, this is a confirmed build opportunity
ESTIMATED CONSTRUCTION COST: $500 – $600 / SF depending on finishes
Gulf-front condo product in this market commands top-tier sale and rental pricing — you are building on one of the last buildable barrier island lots available
Permits required — buyer to conduct full feasibility, engineering, and entitlement due diligence
The math: 5 gulf-front condos in Indian Shores at current market pricing is a generational wealth play
OPTION B — LUXURY SINGLE-FAMILY REBUILD:
ESTIMATED ALL-IN COST: $650 / SF (includes landscaping and pool)
Custom gulf-front estate — premium SFR product in the highest-demand zip code in Pinellas
Buyer to conduct architectural, engineering, and permitting due diligence
Any new construction must conform to current Pinellas County and FEMA flood elevation building codes
KNOWN DISCLOSURES — BUYER DUE DILIGENCE REQUIRED
ROOF: New system installed May 2019 — structurally sound per seller
FLORIDA WHOLESALE DISCLOSURE: JNA Dynamic Holdings LLC is marketing its equitable interest in a real estate purchase contract. JNA Dynamic Holdings LLC is not a licensed real estate broker or agent. All measurements, projections, development costs, zoning information, and financial data are approximate and subject to independent verification by Buyer. Buyer is solely responsible for conducting all due diligence including STR permitting, flood zone compliance, development feasibility, and inspection prior to closing. Rental projections are for informational purposes only and are not guarantees of future income.
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ARV $6,800,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $829,000.
