Residential Property - Townhouse in Madeira Beach
Listing Price: $1,700,000
Description of Property
ROOFTOP TERRACE + BEACH ACCESS!! Welcome to this impressive 5-bedroom, 4-bath, 2,800 sq ft residence at Azul Townhomes in Madeira Beach, offering a perfect blend of coastal elegance and modern design across four levels. Approved for short-term rentals on a daily, nightly, or weekly basis, it also serves beautifully as a primary home or a luxury vacation retreat. Airbnb projections showing a massive 9.2% cap rate and 9.7% cash on cash return. Just steps from the beach, the property includes two private balconies, a spacious rooftop terrace designed for entertaining with room for a hot tub and wet bar, a private elevator for seamless access between all four floors, and a 2+ car garage with additional storage. Residents also enjoy access to a sparkling community pool. Inside, the open layout is filled with natural light and upscale finishes, creating a warm yet great atmosphere. An Airbnb rental manager projects nearly $200,000 in annual income, highlighting the incredible investment potential. DSCR financing is available to streamline approval by considering projected cash flow, and the property also qualifies for a 1031 exchange. This is the only unit available at Azul Townhomes. Schedule your private showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Townhouse
City: Madeira Beach
County: Pinellas
Subdivision: Azul Townhomes Bldg B
Bedrooms: 5
Bathrooms: 4
Sq. Ft. Gross: 2,706
Sq. Ft. Living Area: 2,706
Cost per (heated) sqare foot: $628
Year built: 2025
Annual Tax: $25,035
HOA Fee: $839 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- Pool Maintenance
Appliances: Refrigerator
Flooring: Tile
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Stucco
Foundation: Slab
Roof: Concrete
Exterior Features: Sliding Doors
Garage: Yes
Garage Spaces: 3
Parking Features: Under Building
Floors in Unit: Three Or More
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
Lot Information
Lot Size (acres): 0.12
Lot Size (sq. ft.): 5,134 square feet
Front Exposure: South
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 093115019930020020
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: AZUL TOWNHOMES CONDO BLDG B, UNIT B2
Section: 9
Range: 15
Listing courtesy of KELLER WILLIAMS TAMPA CENTRAL. 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.