15405 Gulf Boulevard, Madeira Beach, FL 33708

$2,200,000
3,722
SqFt
List Price
$2,200,000
Status
Active
Days on Market
57
MLS#
U8096086
Property Style
Multi-Family
Year Built
1948
Living Area
3,722
Lot Size
31,200
Acres
0.72
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Lone Palm Beach
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

Madeira Beach Redevelopment Site or Vacation Rental Cottages. Beach Access on each corner with designated and lighted crosswalks. Nearly 3/4 of an Acre of prime property ready for redevelopment with 150’ frontage on Gulf Boulevard and 1st Street for easy access. Five income producing units currently exist on site with month-to-month tenants. Bungalow #1 is a 2 bedroom cottage with cathedral ceilings and fireplace. Bungalows #2 & #3 are Spanish style casitas, each with one bedroom, fireplace and attached garage. Units #4 & #5 are duplex apartments, each with 2 bedrooms, a porch, fireplace and attached garage. Current income could be increased with seasonal rentals. C3 Zoning allows for short term vacation rentals. Listing price is appropriate for redevelopment and not reflective of current rental income. Survey, Zoning Package, Current Income and Expense Summary available. Seller is also willing to share plans for a boutique hotel designed for this site.

Additional Information

Taxes Annual
$12286
Location
Flood Insurance Required, FloodZone, In City Limits, Near Public Transit, Sidewalk, Street Lights, Street Paved, Interior Lot
Community Features
Beach Area, Sidewalk, No Deed Restriction
Property Description
One Story
Zoning
C3
Utilities
Electricity Available, Public, Water Connected
Heating
Electric, Wall Units / Window Unit
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block, Wood Frame
Roof
Shingle
Foundation
Crawlspace, Slab
Pool
No Pool
Garage Features
6 to 12 Spaces
Water Name
Gulf Of Mexico
Water Access
Beach - Public, Gulf/Ocean
Flood Zone Code
AE
Parcel ID
09-31-15-52524-005-0060
Legal Description
LONE PALM BEACH BLK 5, LOTS 6, 7 & 8 LESS RD R/W ON SW TOGETHER WITH UNPLATTED LAND TO NE DESC BEG MOST N'LY COR OF LOT 6 BLK 5, LONE PALM BEACH TH N40DE 100FT TH S50DE 150FT TH S40DW 100FT TH N50DW 150FT TO POB

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE.

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