503 140th Avenue E, Madeira Beach, FL 33708

$275,000
2
BD
2
BA
828
SqFt

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Sold Price
$275,000
List Price
$300,000
Status
Sold
Days on Market
6
Closing Date
Dec 30, 2024
MLS#
TB8327343
Property Style
Single Family
Architectural Style
Florida
Year Built
1945
Bedrooms
2
Bathrooms
2
Living Area
828
Lot Size
5,332
Acres
0.12
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Gulf Shores 5th Add
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

This duplex property, located less than a quarter-mile walk from the beach, offers an exceptional opportunity for redevelopment. Damaged by recent hurricanes, the structure is being sold as-is, with no remediation performed. The seller makes no representation about the building's condition or salvageability. The buyer will assume responsibility for either demolishing and removing the structure or undertaking repairs after closing. Features include: Land value sale in a prime coastal location. The potential to rebuild as an income-generating property or design a single-family home. And an adjacent property available for purchase, offering the chance to combine lots for a larger home or expanded rental opportunity. Whether you're looking to develop a new home or maximize rental income potential, this property provides a blank canvas in an unbeatable location close to the beach. Seize this opportunity to create your vision of coastal living or investment.

Additional Information

Taxes
$5089
Minimum Lease
6 Months
Community Features
No Deed Restriction
Property Description
One Story
Interior Layout
Ninguno
Interior Features
Ninguno
Floor
Luxury Vinyl, Other
Appliances
None
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating
Ductless
Air Conditioning
Ductless
Exterior Construction
Concrete
Exterior Features
Storage
Roof
Shingle
Foundation
Slab
Pool
No Pool
Garage Carport
2 Car Garage
Garage Spaces
2
Garage Dimensions
19x11
Pets
Allowed
Flood Zone Code
AE
Parcel ID
10-31-15-34398-020-0040
Legal Description
GULF SHORES 5TH ADD BLK T, LOT 4

Listing courtesy of COMPASS FLORIDA LLC. 727-339-7902

Selling Office: BLAKE REAL ESTATE INC.

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