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$900,000
2 Beds 2 Baths Kima Condo SubDv. 33708 Zip Code
Top-floor southwest corner unit overlooking the Gulf and coastal shoreline. Solid, simple, and clean. Vinyl plank floors, butcher block Formica counters, white cabinets. The master has a walk-in closet and a walk-in shower. In-unit laundry. New air conditioner in 2020. Under building assigned parking space and additional ground floor storage included. One-week minimum rentals bring steady demand. John’s Pass is down the road for fish, drinks, and boats. Recent improvements to the building were completed in early 2025, including: full concrete restoration, fresh elastomeric paint, and waterproof seals on all walkways, balconies, doors, and railings. New asphalt out front, a new seawall, elevator upgrades, and a resurfaced pool by the sand. There is a new membrane roof with a 35-year warranty.

14300 Gulf Boulevard Unit 501, Madeira Beach

$1,300,000
5 Beds 5 Baths Gulf Shores 1st Add SubDv. 33708 Zip Code
Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida?s Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach