Residential Property - Single Family Residence in Madeira Beach
Listing Price: $529,900
Description of Property
This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Madeira Beach
County: Pinellas
Subdivision: Mitchells Beach Rev
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,267
Sq. Ft. Living Area: 1,213
Cost per (heated) sqare foot: $437
Year built: 1938
Annual Tax: $5,927
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: None
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Other
Laundry Features:
- Electric Dryer Hookup
- Outside
- Washer Hookup
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: Wood Frame
Foundation: Crawlspace
Roof: Other
Exterior Features: Other
Parking Features:
Floors Total: 1
Floors in Unit: One
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating & Fuel: None, Wall Units / Window Unit
Electric:
Patio & Porch Features:
Security Features:
Other Structures: Additional Single Family Home
View:
Fencing: Fenced
Utilities:
- BB/HS Internet Available
- Cable Available
- Electricity Available
- Electricity Connected
- Phone Available
- Public
- Sewer Available
- Sewer Connected
- Water Available
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.09
Lot Size (sq. ft.): 4,060 square feet
Lot Dimensions: 40 x 104
Front Exposure: East
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 153115583200110150
Tax Legal Desc.: MITCHELL'S BEACH REVISED BLK 11, LOT 15
Section: 15
Range: 15
Listing courtesy of EXP REALTY LLC. 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.
