Under contract-accepting backup offers. Great investment opportunity! This rare and exceptional 4-plex property sits on three contiguous lots totalling 104x120 square feet, making it one of the few parcels over 1/4 of an acre for sale from St Pete Beach to Clearwater Beach. Prime location in the highly desirable… Read More coastal market of Madeira Beach and only a few blocks from the Gulf of Mexico and John’s Pass Village & Boardwalk. a popular tourist destination with over 100 merchants, including unique boutiques and waterfront restaurants, and full-service marina. The property consists of four tropical-themed one-bedroom, one-bath cottages thoughtfully arranged around a spacious courtyard. Amenities include a gated in-ground swimming pool and spa, two grilling stations, and 4 dedicated storage sheds. The cottages have undergone full remediation and are delivered as a blank canvas, providing the new owner the opportunity to implement custom interior finishes or redevelop as single families or townhomes. The pool and spa have been drained, professionally restored, and are continuously operating. The property had been successfully used as a rental since 2011, and it received a "not substantially damaged" determination from the City of Madeira Beach. This offering presents compelling value-add potential through continued rental operations or strategic repositioning and redevelopment to capitalize on the site’s underlying land value and prime coastal location. This unique property won’t last long!
***************************************************************************************************************
Buyer and Buyer’s agent are responsible for conducting their own due diligence with the City of Madeira Beach regarding zoning, permitted uses, and any development restrictions. Read Less
Courtesy of LUXURY & BEACH REALTY INC 727-800-5906
Listing Snapshot
Days Online
10
Last Updated
Property Type
Quadruplex
Beds
4
Square Ft.
1,936
Lot Size
0.29 Acres
Year Built
1948
MLS Number
TB8473974
Additional Details
Property Access
Road Surface: Paved
Building
Built in 1948, Living area: 1936, Living area units: Square Feet, Construction Materials: Block, Frame
Cooling
None
Exterior Features
Fence, Outdoor Grill
Foundation
Pillar/Post/Pier
Heating
None
Interior Features
Ninguno
Laundry
None
Lot
0.29 acres, Dimensions: 120.0X104.0, FloodZone, City Limits, Level, Paved
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.