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$1,250,000

531 ATHENS ST
TARPON SPRINGS, FL 34689
Listed by Christina Paolillo · CHARLES RUTENBERG REALTY INC
Bedrooms
N/A
Bathrooms
N/A
Living area
2,772 sqft
Year built
1911

About this home

Virtually Staged. Exceptional mixed-use investment opportunity in the heart of the world-famous Tarpon Springs Sponge Docks. Located on highly desirable Athens Street, this income-producing property offers the perfect blend of commercial and short-term rental potential in one of Florida’s most vibrant waterfront destinations. All structural renovations have been complete. Building is fortified and reinforced. The downstairs commercial space is home to an established full bar with a long-term tenant already in place, providing immediate and consistent income. Upstairs features a beautifully versatile residential space ideal for Airbnb or vacation rental use, complete with 2 sleeping areas including a private bedroom and loft, full kitchen, full bathroom, and a layout designed for comfortable coastal living. Photos show potential renovation ideas. Positioned just steps from the marina, restaurants, nightlife, live music, shopping, and the historic Sponge Docks, this property offers strong tourism appeal and exceptional upside for investors seeking cash flow and future growth potential. Rare opportunity to own a prime property in one of Tampa Bay’s most iconic destination locations. (this listing has also been listed TB8506409)

Property details

MLS
Stellar MLS
MLS #
MFRTB8506284
Property type
Mixed Use
Subdivision
HOPES B
Status
Active
Days on market
60
On market date
May 7, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.1 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
TARPON SPRINGS ELEMENTARY SCHOOL
0.67 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
506
Student:teacher ratio
12.3:1
District
PINELLAS
Middle
TARPON SPRINGS MIDDLE SCHOOL
1.22 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
651
Student:teacher ratio
18.1:1
District
PINELLAS
High
TARPON SPRINGS HIGH SCHOOL
1.35 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,174
Student:teacher ratio
19.9:1
District
PINELLAS

Walkability

Blended score for TARPON SPRINGS's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

91
Highly walkable
out of 100
EPA National Walkability Index
17.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores10
Parks10
Schools15
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in TARPON SPRINGS, from live MLS data.

On the market 60 days -- 61 fewer days than TARPON SPRINGS's current average of 121 days.
For reference, the median list price across 504 active listings in TARPON SPRINGS right now is $322,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,678/mo
$250,000 down
$1,000,000 loan
Principal & interest$6,486
Property tax (est.)$1,042
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated July 6, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.