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Melissa Vaculik

RE/MAX Select Professionals

mel@fldmteam.com +1(386) 585-4705

$ 1,700,000

Est. payment -/mo

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14715 GULF BLVD Madeira Beach, FL 33708

8 Beds

8 Baths

345 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 345 sqft

Price per Sqft $4,927

Subdivision Palm Of Madeira Resort Condo

MLS Listing ID TB8456440

Bedrooms 8

Condo Fees $500

Construction Status Fixer

HOA Y/N No

Annual Recurring Fee 6000.0

Year Built 1934

Annual Tax Amount $1,975

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

RARE INVESTMENT OPPORTUNITY – BANK OWNED 8-UNITS within a 10-unit complex located in the heart of Madeira Beach, one of Pinellas County's most desirable and tourism-driven coastal markets. The property experienced flooding during recent storms, and the lower units will require restoration, creating a compelling value-add opportunity for investors seeking strong upside in a proven short-term rental location. The bank owns 8 units, while the remaining 2 units are owned individually and may be purchased separately, offering a potential path to full ownership of the complex. The property is zoned R-3, and nightly rentals are allowed, making it ideal for vacation rentals, Airbnb, or short-term leasing strategies. Prior to the storms, this complex was generating solid rental income, supported by its exceptional location near John's Pass Village & Boardwalk—one of Florida's most visited waterfront attractions. John's Pass draws millions of visitors annually and offers boating, fishing charters, dolphin tours, waterfront dining, shopping, entertainment, and direct access to the Gulf beaches. Madeira Beach is well known for its strong tourism demand, limited supply of nightly rental properties, and year-round visitor traffic, making renovated short-term rentals highly desirable. Ongoing redevelopment and investment throughout the beach communities further enhance long-term potential.
This opportunity is well suited for investors looking to restore, modernize, and reposition a multi-unit property in a high-demand coastal market with the ability to generate short-term rental income. Seller is motivated and ready to sell the 8 units now.
Call for additional information, details on acquisition options, seller financing may be available and historical performance.

Location

State FL

County Pinellas

Community Palm Of Madeira Resort Condo

Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores

Zoning R3

Interior

Interior Features Ninguno

Heating Central

Cooling Central Air, Mini-Split Unit(s), Wall/Window Unit(s)

Furnishings Unfurnished

Fireplace false

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Balcony

Parking Features Common

Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description City Limits

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Construction Status Fixer

Others

Pets Allowed Yes

Senior Community No

Ownership Condominium

Monthly Total Fees $500

Acceptable Financing Cash, Private Financing Available

Membership Fee Required None

Listing Terms Cash, Private Financing Available

Special Listing Condition Real Estate Owned

Listed by Tim Johnson WATERFRONT REALTY TAMPABAY

Melissa Vaculik

Sale Associate / Property Manager | License ID: SL3269867

+1(386) 585-4705

Melissa Vaculik

14715 GULF BLVD Madeira Beach, FL 33708

Key Details

Location

Interior

Exterior

Building

Others

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14715 GULF BLVD