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4 Beds
6 Baths
3,311 SqFt
4 Beds
6 Baths
3,311 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 3,311 sqft
Price per Sqft $687
Subdivision Indian Rock South Shore
MLS Listing ID TB8554561
Bedrooms 4
Full Baths 5
Half Baths 1
Condo Fees $1,321
Construction Status Under Construction
HOA Y/N No
Annual Recurring Fee 15852.0
Year Built 2026
Annual Tax Amount $56,467
Lot Size 1.820 Acres
Acres 1.82
Property Sub-Type Condominium
Source Stellar MLS
Property Description
Make Sapphire Shores your primary residence and potentially qualify for Florida homestead benefits, enjoy it as a private vacation home, or take advantage of nightly rental eligibility and operate it as an income-producing short-term rental. Your strategy can evolve with you—a residence purchased for personal use today may become an investment property in the future, while an investment today could ultimately become the Florida beach home you call home. One exceptional property. Multiple ownership strategies.
For investment-minded buyers, the 5 sleeping quarters create an important competitive advantage in the short-term rental market, allowing the residence to accommodate larger and multigenerational groups that smaller beach condos simply cannot serve. This places Sapphire Shores in a more limited segment of the vacation-rental market where larger luxury accommodations may command higher nightly rates and greater gross revenue potential.
Sapphire Shores also offers a rare combination of scarcity, potential appreciation, rental income, leverage, capital preservation and potential tax advantages. Short-term-rental ownership may provide qualifying owners with significant tax-planning opportunities. A professional cost-segregation study may accelerate depreciation, while qualifying property may be eligible for 100% bonus depreciation under current federal tax law, potentially creating substantial first-year deductions. Depending on the owner's tax situation, property use, average guest stay and participation, these deductions may help offset rental income and potentially other qualifying taxable income. Buyers should consult their CPA or tax advisor regarding their individual circumstances.
Located in desirable Indian Shores between Clearwater Beach and St. Pete Beach and minutes from John's Pass, Sapphire Shores puts owners in one of Tampa Bay's most established coastal destinations. Large, upscale residences capable of accommodating multiple families and larger groups are exceptionally difficult to replicate along this built-out coastline.
Coastal land cannot simply be created when demand increases. That inherent scarcity provides a compelling foundation for potential long-term appreciation and capital preservation, while nightly-rental flexibility provides an opportunity to generate income along the way.
Whether your objective is homestead, lifestyle, rental income, tax strategy, appreciation, capital preservation or a legacy property for future generations, Sapphire Shores gives you options. Enjoy it. Put it to work. Change your strategy as life changes. Only 3 residences remain. One exceptional coastal opportunity. Hard Hat Site visits are available.
Location
State FL
County Pinellas
Community Indian Rock South Shore
Area 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Interior
Interior Features Ceiling Fans(s), Elevator, High Ceilings, Solid Surface Counters, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Flooring Luxury Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Convection Oven, Dishwasher, Microwave, Range, Range Hood, Refrigerator
Laundry Inside, Laundry Room
Exterior
Exterior Feature Balcony
Parking Features Driveway, Garage Door Opener, Golf Cart Parking, Guest, Off Street, Oversized, Reserved, Basement
Garage Spaces 1.0
Pool Gunite, In Ground
Community Features Pool
Utilities Available Cable Available, Electricity Available, Public, Sewer Connected, Water Available
Amenities Available Pool, Spa/Hot Tub
View Y/N Yes
Water Access Yes
Water Access Desc Intracoastal Waterway
View Water, Gulf/Ocean - Partial
Roof Type Concrete
Attached Garage true
Exposure West
Garage true
Private Pool No
Building
Lot Description Cleared, Landscaped, Level, Paved
Story 5
Entry Level Three Or More
Foundation Slab
Builder Name Alexander Design Build
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Unit Floor 1
Structure Type Block,Cement Siding,Concrete,Metal Frame,Stucco
New Construction true
Construction Status Under Construction
Others
Pets Allowed Cats OK, Dogs OK, Number Limit, Size Limit, Yes
HOA Fee Include Other
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Condominium
Monthly Total Fees $1, 321
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Num of Pet 2
Special Listing Condition None
Schools and Properties Nearby