New York buyer pays cash for vacant land on the Gulf of Mexico in Indian Shores Beach
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Jan 12, 2021

One of the "very last, truly vacant pieces of land" on the Gulf of Mexico in Indian Shores Beach has sold to a New York buyer in an all-cash transaction.

The two lots at 19004 and 19006 Gulf Blvd., which total just under half an acre, were sold to Poughkeepsie-based Roosevelt Road Holdings LLC for $2.63 million on Dec. 30, said Nancy Surak, senior land adviser and managing broker for Land Advisors Organization Tampa Bay.

The property has 100 feet of beach frontage.

"It’s not a teardown," she said. "This is two vacant lots."

Surak represented the seller, Huntley Properties LLC, in the transaction. Huntley came to the own property through an inheritance, she said.

"I tried to talk to them out of it," Surak said of the seller. "I said, 'You don’t want to sell beach land; I think you should hold.' But they said, 'We don’t have immediate or long-term plans for it, and we’d rather someone else take it and enjoy it.'"

The sale was a quick transaction, Surak said, with 22 days from contract signing to deal closing. The buyers' plans aren't known, Surak said, but the property can accommodate a single family home or a small multifamily development with four to six units.

In August 2020, a slightly smaller nearby beachfront tract at 18840 Gulf Blvd. sold for $2.1 million. That property can also accommodate up to four multifamily units.