Listing Details for MLS #TB8364902
12924 Gulf Boulevard Unit 502, Madeira Beach, Fl

Residential Property - Condominium in Madeira Beach

Listing Price: $765,000 (Mortgage Calculator →)Days on Market: 79

Description of Property

Welcome to beachfront living at Sandy Shores Condominiums, where the Gulf of Mexico is your backyard, and the possibilities for both relaxation and investment are endless. This beautifully updated TOP FLOOR PENTHOUSE is one-bedroom, one-bath condo and perfectly positioned directly on the sand, offering breathtaking Gulf views and stunning sunsets that make every evening unforgettable. Step inside to discover an open floor plan designed for both comfort and functionality. The living area and kitchen blend seamlessly, creating the perfect space to relax or entertain while taking in the spectacular views of the Gulf. The updated kitchen features custom wood cabinets, sleek quartz countertops, and stainless steel appliances, offering a modern, coastal-chic aesthetic. Luxury vinyl plank flooring in the main living area adds warmth and durability, while tile floors in the kitchen, bathroom, and entry provide easy maintenance. Hurricane impact windows enhance both safety and serenity, allowing you to fully enjoy the peaceful sounds of the waves and the salty ocean breeze. Whether you're looking for a dream vacation home or a profitable investment property, this condo delivers. INCOME PRODUCING Short-term rentals are allowed, and in 2024 alone, this unit generated $73,662 in rental income—despite limited bookings following recent storms. To make ownership effortless, this unit is being sold fully furnished, including dishes, silverware, linens, bedding, and everything needed to accommodate future rental guests, with only a few pictures and personal mementos excluded. Beyond the condo itself, Sandy Shores Condominiums offers a variety of desirable amenities to enhance the beachfront lifestyle. Spend your days lounging by the heated pool overlooking the beach, host a cookout in the outdoor grilling area, enjoy dining beneath the tiki hut, or take advantage of the bicycle storage for scenic rides along the coast. Just across the street, John’s Pass Village & Boardwalk provides endless entertainment, featuring waterfront restaurants, boutique shops, fishing charters, dolphin-watching tours, and water activities like boat rentals and parasailing. The prime location also offers easy access to St. Petersburg, Tampa, and world-famous Clearwater Beach, making this an exceptional spot for vacationers and full-time residents alike. For added peace of mind, Sandy Shores has completed all required structural integrity inspections and reserve studies. Recent community upgrades include a new roof, balcony repairs, a new emergency generator, and resurfacing of the pool and parking lot, ensuring the property remains in excellent condition for years to come. And the reserves are fully funded. Take a walk through the virtual tour at https://my.matterport.com/show/?m=w6M2rEtXLVH&brand=0&mls=1& With its prime beachfront location, strong rental history, and no restrictions on owner use, this condo presents an incredible opportunity—whether you’re looking for an investment, a personal getaway, or both. Don’t miss the chance to own a piece of paradise. Schedule your private showing today and make this your next home!The average asking price for a 1 bedroom/1 bath condominium in this Zip code is $312,065. This condominium is listed at about 245% of the average asking price. There are 3 1 bedroom/1 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »