502 - 12924 Gulf Blvd, Madeira Beach, FL

Real Estate

For Sale

$--,---,---

110

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 865 sqft

Garage No

Taxes $8,515

Days Active 11

Lot Size

Approx. Age 1979

Avg. Price Per Sqft $865

MLS® Number TB8415969

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Whether you're looking for a dream vacation retreat or a high-performing income property, this top-floor beachfront penthouse at Sandy Shores Condominiums offers the best of both worlds. Zoned for short-term rentals with no restrictions on owner use, this unit generated $73, 662 in rental income in 2024—despite reduced bookings after the storms. In the first half of this year (January through June) it produced $43, 916. With projected ROI exceeding 9% in 2025, this property is also an ideal 1031 exchange opportunity. The updated one-bedroom, one-bath unit is being sold fully furnished, including linens, cookware, and decor—ready for you or your guests to enjoy immediately. Inside, you’ll find an open-concept living area with sweeping Gulf views, hurricane-impact windows, and a renovated kitchen featuring custom wood cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the heated beachfront pool, grilling area, tiki hut, and bicycle storage—all part of the Sandy Shores amenities. The building has completed all required structural integrity inspections and reserve studies. With fully funded reserves, and recent upgrades including the roof, balconies, resurfaced pool and parking lot, and a backup generator, this is truly a turnkey coastal investment. Located directly on the beach and just steps from John’s Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. It’s also a short drive to St. Pete, Clearwater Beach, and Tampa, making it a top-tier location for visitors and owners alike. This is a rare chance to own a proven, income-producing beachfront condo in one of Florida’s most popular coastal destinations. Schedule your showing today!Show Description

MLS® NumberTB8415969

Laundry LevelCommon Area

Central VacNo

FireplaceNo

Acreage0.92

ExteriorBalcony, Outdoor Grill, Sliding Doors

GarageNo

Approx. Age1979

Basement

DrivewayAssigned

Garage Spaces

HeatCentral, Electric

A/CCentral Air

Heating Fuel

Extras

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