# Sapphire Shores

Ten Intracoastal residences across the street from the beach

Canonical page: https://smartcoastalassets.com/projects/sapphire-shores
Details last verified: 2026-10-09
Status: Available

## Key facts
- **Address:** 19631 Gulf Blvd, Indian Shores, FL
- **Coordinates:** 27.8552, -82.8461
- **Price:** $2,275,000 – $3,250,000
- **Property type:** Five-story townhome-style condominiums
- **Bedrooms:** 5 + den
- **Bathrooms:** 4
- **Square feet:** 4,000+
- **Number of residences:** 10
- **Completion:** Q1 2027

## Overview
Sapphire Shores is a collection of only 10 brand-new, five-story townhome-style condominiums on the Intracoastal Waterway in Indian Shores, directly across Gulf Boulevard from the beach. Each residence offers five bedrooms plus a den, four baths and more than 4,000 square feet with double rooftop decks. Owners may rent for 1–7 day stays, self-manage or choose a manager, or live there full time.

## Investment and ownership highlights
- **Only 10 Residences:** Brand-new five-story coastal homes directly on the Intracoastal Waterway.
- **Prime Location:** Indian Shores Intracoastal waterfront, directly across Gulf Boulevard from the beach.
- **STR Friendly:** 1–7 day rentals. Self-manage or choose a manager; primary residence also possible.
- **Tax Planning:** Potential cost segregation and bonus depreciation on qualifying property. CPA review required.
- **Income Potential:** $253,000 third-party estimated annual gross rental revenue (not guaranteed). DSCR options available.

## Amenities and lifestyle
- Double rooftop decks
- Pool, hot tub & BBQ area
- Community Intracoastal fishing dock
- Across the street from the beach
- Quiet, peaceful Indian Shores location

## Rental rules, management and financing
- **Minimum rental stay:** 1–7 days
- **Personal use:** No restrictions on personal use. Can be a full-time residence.
- **Management:** No required manager; owners may self-manage.
- **Initial deposit:** $10,000
- **Total down payment:** 20%
- **Financing:** Cash, conventional, second-home or DSCR financing
- **DSCR financing:** Available (subject to lender approval)

## Rental income
- **Third-party estimated annual gross rental revenue:** $253,000
- **Source:** Stay Dream Rentals
- Estimate only. Not guaranteed.

## Tax considerations
Potential cost segregation and bonus depreciation on qualifying property. CPA review required. Consult your CPA.

## Frequently asked questions
### Can Sapphire Shores be rented short term?
Yes. Sapphire Shores permits 1–7 day rentals. Owners may self-manage or choose any manager, and may also use the home as a full-time residence.

### How much is the deposit at Sapphire Shores?
The initial deposit is $10,000 with a total down payment of 20%, subject to the purchase contract.

### What financing is available at Sapphire Shores?
Buyers may purchase with cash, conventional, second-home or DSCR financing, subject to lender approval.

### When will Sapphire Shores be completed?
Estimated completion is Q1 2027.

### What is the projected rental income at Sapphire Shores?
A third-party estimate from Stay Dream Rentals projects approximately $253,000 in annual gross rental revenue per residence. This is an estimate and is not guaranteed.

## Contact
Jeff Beggins, Century 21 Beggins Enterprises: call or text 813-245-0015, JeffBeggins@C21be.com. Inquiry form: https://smartcoastalassets.com/projects/sapphire-shores#inquire

_Prices, availability, features and terms are subject to change without notice and are subject to the purchase contract and lender approval. Rental income figures are estimates or historical figures from the sources noted and are not guaranteed. Tax benefits depend on your individual circumstances; consult your CPA or tax advisor._