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$499,000
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Property Description
Price improvement!!! Owner will consider seller financing and/or a Joint Venture. Plans for an elevated beach house attached. Projected short term income rates attached. For informational purposes only yet you can see the amount of money this property can generate. Endless opportunity awaits at 508 2nd Street-an exceptional land value offering just steps from the powdery sands and turquoise waters of Indian Rocks Beach. Nestled on a quiet, dead-end street, this prime coastal lot presents the perfect canvas for your dream beach retreat or a lucrative investment project. The existing structure was impacted by flooding and does not comply with FEMA's 50/50 rule, making it a teardown. This is your chance to start fresh and build new in a highly desirable location where walkability to the beach, shops, and dining is second to none. Whether you're envisioning a luxury coastal escape, a vacation rental, or a modern beach bungalow, the location and potential here are unmatched. Indian Rocks Beach is one of the last true beach towns on Florida's Gulf Coast-laid-back, community-oriented, and brimming with charm. Property is being sold for land value only. Bring your architect, builder, and imagination. This is a rare opportunity to own a slice of paradise with the freedom to create something spectacular. *Located on a dead-end street. *Steps to the beach *Tear-down required - FEMA 50/50 rule applies *Land value sale in one of the Gulf's most beloved beach communities. *Plans are attached for an "Elevated Wood Frame Beach House & Survey". Please ask your agent or myself to send a copy. Before the storms this was a performing short term rental. Opportunities like this don't come along often-seize your chance to build the beach life you've always wanted.
Full Property Details
Full Property Details for 508 2nd St
General
- Price: $499,000
- Taxes: $6,488 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8401077
- Updated: 1/4/2026
- Added to Site: 204 day(s) ago
Rental Information
- Min. Lease: 1-7 Days
Interior
- Number of Rooms: 3
- Interior Features: Other
- Appliances: None
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Other
Exterior
- Exterior Features: Other
Location
- Area: 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
- County: Pinellas
- Development Name: 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
- Subdivision: HAVEN BEACH SUB
- Driving Directions: Walsignham Rd right to 2nd Street home on the left.
- Direction Faces: West
Community
- Community Name: 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Other
Structural Information
- Exterior Const.: Wood Frame
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,292
- Sq. Ft. Source: Public Records
- Year Built: 1957
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,066
- Lot Size: 5066
- Lot Dimensions: 50 x 100
- Frontage: Street Dead-End
- Street/Road Desc.: Concrete
Financial Considerations
- Tax Amount: $6,488.46
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: HAVEN BEACH SUB BLK 6, LOT 8
- Flood Zone Info: AE
- APN: 123014377640060080
- Property ID: 123014377640060080
- Block/Lot/Section: 6
Listed by Keller Williams Realty- Palm H
Get Pre-Approved Today
Schools
Schools serving 508 2nd St
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Anona Elementary School 12301 Indian Rocks Road, Largo, FL 33774 | PK-5 | 1 mi |
Seminole Middle School, Seminole, FL 8701 131st Street North, Seminole, FL 33776 | 6-8 | 2.9 mi |
Seminole High School, Seminole, FL 8401 131st Street North, Seminole, FL 33776 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 2nd St
Date
Details
Price
Change
Source
1/04/2026
Price Reduced
$499,000
-3.11%
MLS
9/30/2025
Price Reduced
$515,000
-2.83%
MLS
6/26/2025
Listed
$530,000
239.74%
MLS
4/15/2014
Sold
$156,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 508 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,779
4%
$474,200
-7%
2024
$6,488
6%
$507,767
8%
2023
$6,110
40%
$472,026
90%
2021
$4,370
-21%
$248,006
-44%
2022
$5,554
27%
$443,507
97%
2021
$4,370
4%
$224,734
5%
2019
$4,186
10%
$213,368
10%
2018
$3,799
10%
$193,971
-3%
2017
$3,457
13%
$200,029
25%
2016
$3,065
-2%
$160,306
1%
2015
$3,113
13%
$158,361
13%
2014
$2,748
9%
$139,591
13%
2013
$2,523
—
$123,395
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 2nd St
508 2nd Street, Indian Rocks Beach, FL 33785 (MLS# TB8401077) is a Single Family property with 3 bedrooms and 2 full bathrooms. 508 2nd Street is currently listed for $499,000 and was received on June 26, 2025. Want to learn more about 508 2nd Street? Do you have questions about finding other Single Family real estate for sale in Indian Rocks Beach? You can browse all Indian Rocks Beach real estate or contact a Coldwell Banker agent to request more information.

