Tara Cay Sound South · Waterfront Townhome
9870 Indian Key Trail #64
Seminole, FL 33776 · Pinellas County · MLS TB8542207
3 Levels
Water-facing outdoor living
2-Car
Tandem garage + workshop
Community
Pool, boat docks & marina access
Seawall
Concrete, in place
5 Minutes
To the sand
The Numbers
Grounds, pool, sewer, trash, reserves
Currently homesteaded — will reset
Plus workshop space
0.03 acre
Saltwater canal, concrete seawall
Gulf / Ocean to Bay · Marina
Elevated construction
1 yr ownership required first
Why an Investor Should Look
Capital Work Already Done
Kitchen remodeled 2020 — granite, tile backsplash, stainless, walk-in pantry. A/C 2018. Water heater 2019. The remaining scope is cosmetic: paint, flooring and finish. No permit-and-wait mechanical work standing between you and resale.
Waterfront
Saltwater canal frontage with concrete seawall, Intracoastal views and Gulf access. Three separate water-facing outdoor spaces — ground floor, main living level and the primary suite. That position cannot be renovated into a comparable unit.
Boating & Amenities
Community docks available for boat use, including overnight docking, subject to association rules and availability. Community pool, park-like grounds, marina access.
Exit Strategies
Renovate and resell · second-home buyer · waterfront lifestyle buyer · long-term rental hold. More than one way out of the deal.
Location
Five minutes to the sand. Just inland of Gulf Boulevard — waterfront living without Gulf-front exposure or Gulf-front pricing.
Saltwater canal. Intracoastal views. Gulf access.
Quick Flip Math
Acquisition at $350,000 · $200 per SF · 1,749 SF
Conservative
$400,000
Exit at $229 / SF
$50,000
Gross Spread
Base Case
$425,000
Exit at $243 / SF
$75,000
Gross Spread
Upside
$450,000
Exit at $257 / SF
$100,000
Gross Spread
Best Case
$475,000
Exit at $272 / SF
$125,000
Gross Spread
Gross spread is shown before renovation costs, closing costs, commissions, carrying costs, financing, taxes and other expenses. These are illustrative exit benchmarks — not a projected profit, an appraisal, or a guaranteed ARV. Run your own numbers.
Tara Cay Market Snapshot
Not every Tara Cay property carries the same waterfront position, Intracoastal views, three full baths and water-facing outdoor living.
10–12
Active listings
$427K–$437K
Median list price
$199–$211
Price per sq ft
94–116
Avg days on market
Location
Waterfront living without Gulf-front pricing.
Tara Cay Sound South sits just inland of Gulf Boulevard in Seminole — five minutes to the sand at Indian Shores or Indian Rocks Beach, with direct Intracoastal access and none of the Gulf-front insurance exposure or price premium.
Cash and quick-close inquiries encouraged
Proof of funds required with all offers.
Showings by appointment. Contact Adrienne directly.
Adrienne Dauses
Smith & Associates Real Estate · findhomesonthebeach.com
All measurements, rental restrictions, HOA information, waterfront dock availability, resale figures and property information should be independently verified by buyer. Comparable sizes are provided for investor evaluation only and do not constitute a guarantee of future value or ARV. Transaction broker. Equal Housing Opportunity.