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12924 Gulf Boulevard 502
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PRICED AT ONLY: $749,000

Address: 12924 Gulf Boulevard 502, MADEIRA BEACH, FL 33708

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 2024despite 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 decorready for you or your guests to enjoy immediately. Inside, youll 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 storageall 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 Johns Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. Its 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 Floridas most popular coastal destinations. Schedule your showing today!

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  • MLS#: TB8364902 ( Residential )
  • Street Address: 12924 Gulf Boulevard 502
  • Viewed: 108
  • Price: $749,000
  • Price sqft: $866
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf/Ocean
  • Year Built: 1979
  • Bldg sqft: 865
  • Bedrooms: 1
  • Total Baths: 1
  • Full Baths: 1
  • Days On Market: 171

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 2024despite 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 decorready for you or your guests to enjoy immediately. Inside, youll 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 storageall 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 Johns Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. Its 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 Floridas most popular coastal destinations. Schedule your showing today!
Request More Information
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Outdoor Grill, Sliding Doors
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
  • Living Area: 865.00
  • Roof: Membrane
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected
Amenities
  • Association Amenities: Elevator(s), Pool, Recreation Facilities
Finance and Tax Information
  • Home Owners Association Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Country: US
  • Interior Features: Ceiling Fans(s), Crown Molding, Open Floorplan, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Window Treatments
  • Legal Description: SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502
  • Levels: One
  • Area Major: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • Occupant Type: Tenant
  • Parcel Number: 15-31-15-78644-000-5020
  • Unit Number: 502
  • Views: 108
Nearby Subdivisions
Boca Vista Condo   Collwood The Condo   Gulf Shores 2nd Add   Harbor At Town Center Condo   Kima Condo   La Coquina Condo   Madeira Beach Yacht Club Condo   Madeira Cove Condo   Madeira Norte Condo   Madeira Place Condo   Madeira Towers Condo   Ocean Sands One Condo   Ocean Sands Two Condo   Residences At Town Center Cond   Sandy Shores Condo   Sea Breeze Of Madeira Condo   Shores Of Long Bayou Condo   Shores Of Madeira Condo   Snug Harbour Condo   Surfside South Condo   The Residences At Town Center   Trillium Condo The   Villa Madeira Condo  
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