1 Bed
1 Bath
1,302 SqFt
1 Bed
1 Bath
1,302 SqFt
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,302 sqft
Price per Sqft $844
Subdivision Gulf Shores 3Rd Add Rep
MLS Listing ID TB8522560
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1947
Annual Tax Amount $8,352
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Half Duplex
Source Stellar MLS
Property Description
The property features four beautifully remodeled 1-bedroom, 1-bath apartment-style units, each thoughtfully designed with spacious living areas, oversized bedrooms, full kitchens, in-unit washers and dryers, luxury vinyl and tile flooring, spa-inspired bathrooms with elegant gold fixtures, oversized bay windows, and new wall-mounted A/C units. Every unit has been upgraded for comfort, durability, and low-maintenance ownership. In addition to the residential units, the property includes two garages and a dedicated owner's office suite, offering added flexibility for management, storage, or future operational use.
For investors, this property offers immediate income with all four units currently leased and the potential to generate $11,000+ per month, with tenants responsible for their own utilities. Whether you are looking for a strong cash-flowing asset, a 1031 exchange opportunity, or a property with the option to occupy one unit while renting the others, this quadplex delivers exceptional versatility and upside.
Additional features that enhance both tenant appeal and investment value include private fenced yards, a shared stone front porch, professional landscaping, fresh exterior paint, ample storage, and the rare convenience of eight off-street parking spaces. These amenities help support strong occupancy and long-term tenant retention in a market where parking and proximity to the beach are highly valued.
Located in a peaceful waterfront neighborhood surrounded by newly constructed multi-million-dollar homes, this property is just moments from the Gulf of Mexico, marinas, parks, waterfront restaurants, shopping, entertainment, and all the attractions that make Madeira Beach one of Florida's premier coastal destinations. Don't miss this exceptional opportunity to acquire a luxury turnkey beach investment with strong income potential and lasting value in one of the Gulf Coast's most sought-after markets.
Positioned directly on the beach, the property benefits from a highly desirable coastal location with immediate access to the Gulf shoreline. The combination of rental income, on-site office space, and garage storage adds to the property's overall utility.
Located in Madeira Beach, residents enjoy close proximity to local restaurants, shopping, marinas, waterfront activities, and the area's renowned beaches. This location provides convenient access to the attractions and amenities that make Florida's Gulf Coast a sought-after destination for visitors and residents alike.
Location
State FL
County Pinellas
Community Gulf Shores 3Rd Add Rep
Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Rooms
Other Rooms Garage Apartment
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Smart Home
Heating Central
Cooling Central Air
Flooring Luxury Vinyl, Tile
Furnishings Partially
Fireplace false
Appliance Dryer, Range, Refrigerator, Washer
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Lighting, Private Mailbox, Sidewalk, Storage
Parking Features Bath In Garage, Driveway, Golf Cart Parking, Guest, Open, Oversized, Parking Pad, Tandem, Workshop in Garage
Garage Spaces 2.0
Fence Vinyl
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Beach, Gulf/Ocean to Bay
Roof Type Metal
Porch Enclosed, Front Porch, Porch, Screened
Attached Garage false
Exposure Northeast
Garage true
Private Pool No
Building
Lot Description FloodZone, Landscaped, Near Marina, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Nearby Locations
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Real Estate Professional | License ID: 3405614