Residential Property - Condominium in Madeira Beach
Listing Price: $749,000 (Mortgage Calculator →)
Description of Property
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!
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 865
Garage: No
Carport: No
Parking Features:
Spa Features:
Community Pool: Yes
Water Frontage: Gulf/Ocean
Water Features:
Water Access: Gulf/Ocean
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Madeira Beach
County: Pinellas
Subdivision: Sandy Shores Condo
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 865
Sq. Ft. Living Area: 865
Cost per (heated) sqare foot: $866
Year built: 1979
Annual Tax: $8,515
Condo Fee: $796 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Water
Appliances: Refrigerator
Window Features: Storm Window(s)
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Water Front: Yes
Water Frontage: Gulf/Ocean
Water Access: Yes
Water Access Type: Gulf/Ocean
Water Name: GULF OF AMERICA
Exterior & Construction
Construction: Concrete
Foundation: Pillar/Post/Pier
Roof: Membrane
Exterior Features: Sliding Doors
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features: Pool
Association Amenities: Recreation Facilities
Lot Information
Lot Size (acres): 0.92
Lot Size (sq. ft.): 40,089 square feet
Front Exposure: East
Legal Description & Other Information
Parcel Number: 153115786440005020
Tax Legal Desc.: SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502
Section: 15
Range: 15
Listing courtesy of NEXTHOME GULF COAST. 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.