$650,000
Pending · 126 days on market · MLS# MFRTB8358589
| Bedrooms | 6 |
|---|---|
| Living area | 2,016 sq ft |
| Lot size | 0.21 acres |
| Year built | 1947 |
| Property type | Triplex |
| Garage spaces | 2 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $3,797 |
| County | Pinellas |
Under contract-accepting backup offers. Investor & Developer Alert! This rare Madeira Beach triplex presents an incredible value-add or redevelopment opportunity on a large corner lot just steps from the water. Featuring a 3/2 upstairs with water views, plus a 2/1 and 1/1 downstairs, this property offers multiple income streams and high rental demand in a sought-after beach community. While the downstairs units were impacted by recent storms, the upstairs remains intact, providing an immediate rental option while you plan your next move. Whether you renovate, hold for cash flow, or redevelop, the potential is limitless. Additionally, short-term seasonal rentals (3-month minimum) are allowed, making this an excellent option for snowbirds and vacation renters looking for extended stays. Located in the heart of Madeira Beach, a top destination for tourists and locals alike, this property offers unmatched privacy with a lush tree-lined courtyard while being moments from John’s Pass, pristine beaches, and entertainment. Unique properties like this don’t last—seize the opportunity today!
Listing courtesy of Jenn Cook, COASTAL PROPERTIES GROUP INTER. Presented by MC Homes Realty Inc · 727432218.