19631 Gulf Boulevard Unit 5New Construction Home in Indian Shores, FL
Indian Shores, FL 33785 · Pinellas County
$2,275,000
$736/sq ft
Photos of 19631 Gulf Boulevard Unit 5
1 / 21Who is building this home?
This home is listed as built by Alexander Design Build, floor plan Custom. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Under Construction. SAPPHIRE SHORES — OWN THE LIFESTYLE. UNDERWRITE THE INVESTMENT. An extraordinary opportunity to own new luxury construction on Florida’s increasingly scarce barrier-island coastline. With only 3 residences still available, Sapphire Shores combines the space and privacy of an upscale coastal home with remarkable flexibility in how you own and use it. Residences range from approximately 3,740 to 4,137 square feet, with 5 sleeping quarters and 5–5.5 baths, thoughtfully designed for luxury coastal living, multigenerational families and larger groups. 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.
Home details and costs
- MLS number
- TB8554564
- Property type
- Condominium
- Build stage
- Under Construction
- Builder
- Alexander Design Build
- Floor plan
- Custom
- Heated square feet
- 3,093 sq ft
- Total under roof
- 3,740 sq ft
- Stories
- 3+ Story
- Lot size
- 1.82 acres
- Subdivision
- Sapphire Shores Townhomes, A Condominium
- HOA fee
- No HOA
- Annual property tax
- $64,167 (current assessment)
- Days on market
- 4 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$17,399
$227,500 down (10%) on a $2,047,500 loan
- Principal and interest
- $12,942
- Property tax (estimated)
- $3,338
- Homeowners insurance
- $267
- PMI (under 20% down)
- $853
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 4 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Still under constructionContext
The builder has money in the ground but no finished house to carry, so there is less pressure than on standing inventory. The upside is that some finish selections are usually still open.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Virtual tour
View the virtual tour for 19631 Gulf Boulevard Unit 5→Other new construction homes in Indian Shores
Under Construction21$2,275,000
$687/sq ft19631 Gulf Boulevard Unit 2
Indian Shores, FL 33785 · Sapphire Shores Townhomes, A Condominium
Alexander Design Build · Custom
MLS #TB8554561 · Century 21 Be3
Under Construction21$2,275,000
$736/sq ft19631 Gulf Boulevard Unit 1
Indian Shores, FL 33785 · Sapphire Shores Townhomes, A Condominium
Alexander Design Build · Custom
MLS #TB8554550 · Century 21 Be3
Listed by Century 21 Be3. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 19631 Gulf Boulevard Unit 5, Indian Shores, FL 33785 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.