What is the median sale price for Intracoastal STR condos in Indian Shores in April 2026?

The median close price for Intracoastal STR-eligible condos in Indian Shores in April 2026 was $482,500, according to StellarMLS data. The median original list price was $527,500, reflecting a median sold-to-original-list ratio of 91.5%. The median sold price per square foot was $412.20. Four Intracoastal condos closed in April 2026 with prices ranging from $460,000 to $505,000. This compares to the Gulf-front median close price of $835,475 for the same period, a 73% premium for direct beach access.

How does the Indian Shores Intracoastal condo market compare to Gulf-front in 2026?

In April 2026, Indian Shores Intracoastal STR condos had a median close price of $482,500 versus $835,475 for Gulf-front, a 73% premium for direct Gulf access. Intracoastal condos sold faster at a median of 82 days versus 120 days for Gulf-front. Both markets showed similar price reduction rates at approximately 54 to 55% of active listings. The Intracoastal market saw significantly more new listing activity in April with 9 new listings versus 2 Gulf-front, adding supply pressure to the Intracoastal side specifically.

Are Intracoastal condos in Indian Shores good short-term rental investments?

Intracoastal condos in Indian Shores offer a lower entry price point than Gulf-front while still participating in the Indian Shores STR market that averages $42,513 annual gross revenue and $334 ADR per AirROI 2026 data. Upper-floor Intracoastal units in many Indian Shores buildings capture Gulf views, narrowing the experiential gap with Gulf-front. Several Intracoastal buildings offer boat dockage, adding a premium amenity that Gulf-front buildings often lack. The April 2026 median Intracoastal close price of $482,500 at $412.20 per square foot represents an accessible entry into an island market with 18.2% year-over-year revenue growth.

Why did one Indian Shores Intracoastal condo sit on the market for 274 days in 2026?

One Intracoastal condo in Indian Shores required 274 days on market before closing at $505,000, which was 78% of its original $650,000 list price, a reduction of $145,000. This is the most visible example in April 2026 data of what happens when a listing enters the market at an aspirational price and remains there as the market moves past it. The seller ultimately accepted $145,000 less than their original ask after 274 days. Properties in the same market that entered at realistic prices closed in 26 to 83 days. Pricing accuracy, not market conditions, was the determining factor.

Indian Shores | Intracoastal STR Condos | Published May 2026

Indian Shores Intracoastal STR Condo Market Report: April 2026 Data

STR (short-term rental) eligible Intracoastal condos only (odd addresses, Gulf Boulevard east side). Data source: StellarMLS. Covers closed, active, and pending transactions for April 2026. Comparable Gulf-front report: Indian Shores Gulf-Front STR Condo Market Report, April 2026.

Data period: April 2026 Published: May 2026 Source: StellarMLS Filter: STR-eligible properties only

April 2026 Intracoastal Market Snapshot

28Active Listings

5Pending / Under Contract

4Closed in April

$482,500Median Close Price

82Median Days on Market

54%Active Listings with Price Reductions

91.5%Median SP / Original List

$412.20Median $/SqFt (Sold)

9New Listings Added in April

Metric	Intracoastal April 2026	Context
Active listings	28	STR-eligible Intracoastal condos only
Pending / under contract	5	18% absorption of active inventory
Closed sales	4	Price range: $460,000 to $505,000
New listings (April)	9	Significantly more than Gulf-front (2 new)
Median close price	$482,500	73% below Gulf-front median of $835,475
Median original list price	$527,500	Sellers reduced by ~8.5% before closing
Median sold-to-original-list	91.5%	Comparable to Gulf-front (91%)
Median sold-to-list (at close)	96.0%	Buyers closing near final asking price
Median days on market	82 days	Range: 26 to 274 days (1 outlier)
Median sold price per sq ft	$412.20	38% below Gulf-front ($677.77)
Active listings with price reductions	54% (15 of 28)	Mirrors Gulf-front reduction rate
Active median list price	$535,000
Active median LP/SqFt	$493.15
Water frontage (active)	17 of 28 (61%)	Intracoastal waterway views
Condo-Hotel listings (active)	2 of 28	Different financing rules — see note below

Gulf-Front vs Intracoastal: April 2026 Side-by-Side

Metric	Intracoastal	Gulf-Front
Median close price	$482,500	$835,475
Median original list price	$527,500	$964,450
Median sold $/SqFt	$412.20	$677.77
Median days on market	82 days	120 days
Closed in April	4	6
Active listings	28	31
New listings (April)	9	2
Active listings with price reductions	54%	55%
Median SP/OLP	91.5%	91.0%
Active median list price	$535,000	$739,000

      What the Comparison Tells Investors
      The Intracoastal side offers a 42% lower entry point than Gulf-front ($482K vs $835K median close) with faster average sales (82 vs 120 days). Both sides show nearly identical price reduction rates and SP/OLP (sold price to original list price) ratios, meaning the same pricing discipline applies equally. The 9 new listings entering the Intracoastal market in April versus only 2 on the Gulf-front side signals more seller activity on the waterway side, which adds supply competition for Intracoastal buyers but also creates more selection. For investors focused on cap rate (capitalization rate, the ratio of net operating income to purchase price) rather than maximum gross revenue, the Intracoastal side often presents the more accessible opportunity.
    

April 2026 Closed Transactions — Intracoastal

Four Intracoastal STR condos closed in April 2026. Three closed in the 26 to 83 day range at realistic price reductions. One outlier — 274 days on market — illustrates what overpricing costs in this market.

Address	Close Price	Orig List	SP/OLP (Sold to Original List)	DOM (Days on Market)	Waterfront	Note
19451 Gulf Blvd #706	$500,000	$545,000	92%	26 days	Yes	Priced realistically, closed in 26 days
19823 Gulf Blvd #1	$460,000	$499,000	92%	83 days	No	Non-waterfront, reasonable reduction, closed
19531 Gulf Blvd #502	$465,000	$510,000	91%	80 days	Yes	Consistent with market — 80 days, 91% SP/OLP
19925 Gulf Blvd #105	$505,000	$650,000	78%	274 days	Yes	$145,000 reduction over 274 days — overpricing cost

The 274-Day Cautionary Tale The Intracoastal property at 19925 Gulf Blvd #105 entered the market at $650,000 and after 274 days accepted $505,000, a reduction of $145,000 or 22% from original ask. The three other Intracoastal closings that month took 26 to 83 days and required only 8 to 9% reductions. The difference was not the market. It was the starting price. This is the most expensive type of overpricing: the seller lost both time and money compared to what a realistic initial price would have produced.

Condo-Hotel Properties: Important Buyer Note

Two of the 28 active Intracoastal listings are classified as Condo-Hotel rather than standard Condominium. Condo-hotel properties carry different financing rules: conventional Fannie Mae and Freddie Mac financing is generally not available, and most lenders require portfolio or DSCR (Debt Service Coverage Ratio) loans for these properties. The buyer pool for condo-hotel properties is also different, which affects both acquisition financing and eventual resale. If you are considering a condo-hotel property in Indian Shores, confirm financing options with your lender before viewing or writing any offer.

Market Commentary: April 2026

"We are still seeing the condo market in recovery as we have moved through a lot of the older condos getting up to speed with the milestone inspections and the structural surveys. Buyers know there are still some good opportunities to get a bargain that they will look back and appreciate having acted on. The 54% of active Intracoastal listings with price reductions is consistent with what we are seeing across the entire Indian Shores market, and it reflects the real environment buyers are navigating with higher interest rates, global economic uncertainty, and the ongoing hurricane recovery. One thing that stands out in the April Intracoastal data is the supply side: nine new listings entered the Intracoastal market in April compared to only two Gulf-front. Sellers on the waterway side are coming to market, which gives buyers real selection and real negotiating leverage. Sales in April were balanced between condos allowing monthly rentals and those allowing shorter weekly stays, confirming that both segments of the STR-eligible market are finding buyers."

Cyndee Haydon | Indian Shores Short-Term Rental Expert | Gulf Beaches Resident Since 1991 | Sandbars to Sunsets Team, Future Home Realty

Vacation Rental Income Context (AirROI 2026)

The following income benchmarks reflect the Indian Shores market as a whole. Intracoastal units with upper-floor Gulf views, boat dockage access, or premium amenities outperform the market average. Verify actual income for any specific unit by requesting verified payout records from the seller.

AirROI Metric	Indian Shores Market Average	Source
Average annual gross revenue	$42,513	AirROI 2026, May 2025–April 2026
Average daily rate (ADR)	$334	AirROI 2026
Average occupancy	42.8%	AirROI 2026
RevPAR (revenue per available night)	$152	AirROI 2026
Revenue growth YoY	+18.2%	AirROI 2026
Peak month	March — $10,009 avg, $419 ADR	AirROI 2026
Lowest month	September — $3,396 avg, $277 ADR	AirROI 2026

Buying or selling an Intracoastal STR condo in Indian Shores?

Cyndee Haydon reviews condo documents, analyzes income potential, and has represented buyers and sellers in 150+ vacation rental transactions. FastExpert Top 2 in Indian Shores (2026). Call or text (727) 710-8035.

(727) 710-8035
Call or Text

Data source: StellarMLS, April 2026. STR-eligible Intracoastal condominium properties only. Odd addresses on Gulf Boulevard, Indian Shores, FL 33785. This report covers properties confirmed to allow rentals of one month or less. It is not a solicitation for any property currently listed. All figures are from StellarMLS closed and active data and are believed accurate but not guaranteed.

Related reports: Indian Shores Gulf-Front STR Condo Market Report, April 2026 | Indian Shores STR Investment Guide | STR-Eligible Building List

Cyndee Haydon, Broker Associate, Future Home Realty | Sandbars to Sunsets Team | (727) 710-8035 | sandbarstosunsets.com | Equal Housing Opportunity