Redington Shores Florida Multi-Family for Sale

Prime redevelopment opportunity with exceptional upside potential. The property experienced flooding during Hurricane Helene in September 2025; however, remediation was completed immediately following the storm, preserving the site’s viability for future use. Situated within a designated flood zone, buyers are encouraged to conduct due diligence with the City of Redington Shores to fully understand redevelopment options and allowable improvements. This parcel presents a compelling value-add scenario—ideal for investors or developers seeking to capitalize on its premium location. The true highlight: the ability to construct a side-by-side 36-foot duplex with water views, unlocking significant income-producing potential. With strong rental demand in the area and limited waterfront inventory, this is a rare chance to build a high-performing asset in a highly desirable coastal market.

111 174th Avenue E, Redington Shores

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-342-3800

$1,200,000

4 Beds ⋅ 3 Baths ⋅ O6390736 MLS

TURN-KEY Airbnb triplex with HOTEL DESIGNATION!! This rare Gulf-side investment opportunity offers a turn-key, three-unit beach villa positioned just one house away from a quiet, well-preserved stretch of sand. Located literally feet from the front door with no busy streets to cross, the property is perfectly situated within a short distance of local dining, shopping, and entertainment. Most importantly for the savvy investor, this stand-alone multifamily asset holds a COVETED HOTEL DESIGNATION, allowing for LEGAL DAILY RENTALS. This scarcity in the market significantly enhances yield potential by capturing high-margin short-term vacation traffic. With no condo association fees or restrictive rules to navigate, you maintain full control over your operations and overhead.The property is fully modernized and designed for immediate occupancy and cash flow, featuring a spacious 1,089 sq. ft. 2–3 bedroom upstairs owner’s suite (remodeled in 2019) and two 512 sq. ft. downstairs 1-bedroom units. These lower units underwent a comprehensive renovation completed in January 2026, including major bathroom updates with new tubs and tile, and full kitchen overhauls featuring new cabinetry, granite countertops, and appliances. The building's mechanical integrity is robust, boasting a total electrical rewire and new panels, updated plumbing, three new hot water heaters (2025), and a mix of new central AC and mini-split systems (2025). Structural peace of mind is provided by hurricane-impact windows and replaced underground drainage systems. NEW (2026) roof will be installed prior to closing.This is a true turn-key acquisition, sold inclusive of all new 2026 furnishings, décor, housewares, and window treatments. Each unit is equipped with its own dedicated washer and dryer to maximize guest convenience and minimize management friction. Exterior amenities include five off-street parking spaces, private patios for the lower units, an outdoor shower, and a professionally landscaped common area. For those seeking a hands-off transition, established cleaning service referral is available upon request to ensure your ROI begins the moment you close.

130 177th Ter W, Redington Shores

Listing courtesy of ALL FLORIDA PREMIER REALTY GROUP LLC. 407-473-8193

$875,000

8 Beds ⋅ 8 Baths ⋅ TB8423536 MLS

A great chance to purchase a waterfront lot ready for redevelopment in the desirable Redington Shores community - Directly on the intracoastal waterway - two buildings on the property that were flood damaged during the recent hurricane - The 1939 3br/3ba single family home has been gutted and a 1974 block duplex that has been remediated and mostly renovated, needing only cabinetry - likely a redevelopment site for either a single family home, two townhomes, or 3 new rentals - The adjacent property at 18205 Gulf Blvd is an 8 unit apartment building also available for sale by the same owners.

18207 Gulf Boulevard, Redington Shores

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-282-1788

$1,949,000

TB8423471 MLS

Rare opportunity to purchase an 8 unit apartment building directly on the intracoastal waterway located in the highly desirable Redington Shores beach community - Four are 1br/1ba, and four are 2br/1ba; all have been recently remodeled, and 4 are fully furnished - Currently operated as annual leases, they could be short term rentals, but at a minimum of thirty days at a time - roof is brand new and all A/C units are under 3 years old - Many possibilities here, as the units could be condo converted, or combined with the adjacent 18207 land as a redevelopment site

18205 Gulf Boulevard, Redington Shores

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-282-1788

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Redington Shores Florida Multi-Family

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