Residential Property - Single Family Residence in Madeira Beach
Listing Price: $338,000 (Mortgage Calculator →)Cumulative Days on Market: 183
Description of Property
Investor's Dream in Madeira Beach - This oversized 6,451 sq ft lot (73 x 99) is located just one block from the beach in one of the most desirable areas of Madeira Beach. Zoned R-2, this parcel offers the rare opportunity to build a full duplex, making it ideal for both personal use and income generation. The existing structure is a 1,008 sq ft duplex built in 1948, ready for restoration or complete redevelopment. The property experienced its first-ever flood in recorded history, which now presents a unique clean-slate opportunity. All utilities — electric, water, and sewer — are already connected, saving time and development costs. The 2024 assessed land value is $498,826, highlighting the high appreciation and long-term equity potential in this location. What makes this property truly special is the deep and wide lot with space for multiple parking spots, a guest house, or lush outdoor living. The front exposure is wide and sunny, and the deep backyard has enough room for a tropical garden — complete with an established coconut palm already growing on the property. Zoning allows for a minimum rental period of 3 months, making this an ideal opportunity to cater to Snowbirds — seasonal residents looking to spend the winter months in paradise. This setup provides a fantastic opportunity for reliable rental income, potentially covering all ownership expenses while the value of the land continues to grow. Surrounded by A-rated schools, such as Orange Grove Elementary and Madeira Beach Fundamental K-8, and just minutes from the restaurants, nightlife, and charm of Gulf Boulevard, this property is perfect for a family home, vacation rental, or long-term investment. Cash buyers only. This isn’t just a lot — it’s a canvas for your vision, a base for future returns, and a place full of light, space, and possibility.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Madeira Beach
County: Pinellas
Subdivision: Gulf Shores 6th Add Rep
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,008
Sq. Ft. Living Area: 1,008
Cost per (heated) sqare foot: $335
Year built: 1948
Annual Tax: $6,305
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Electric Water Heater, Microwave
Accessibility Features: Accessible Approach with Ramp
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Lighting, Other
Parking Features:
Floors Total:
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Utilities:
- Cable Connected
- Electricity Connected
- Sewer Connected
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.15
Lot Size (sq. ft.): 6,451 square feet
Front Exposure: South
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 103115344522310040
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: GULF SHORES 6TH ADD REPLAT BLK W 1, LOT 4
Section: 10
Range: 15
Listing courtesy of FOXTAIL REAL ESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.