12924 Gulf Boulevard 502
Brokerage Office: 863-676-0200
12924 Gulf Boulevard 502, MADEIRA BEACH, FL 33708
  • MLS#: TB8364902 ( Residential )
  • Street Address: 12924 Gulf Boulevard 502
  • Viewed: 176
  • Price: $749,000
  • Price sqft: $866
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf/Ocean
  • Year Built: 1979
  • Bldg sqft: 865
  • Bedrooms: 1
  • Total Baths: 1
  • Full Baths: 1
  • Days On Market: 235
  • Additional Information
  • Geolocation: 27.785 / -82.784
  • County: PINELLAS
  • City: MADEIRA BEACH
  • Zipcode: 33708
  • Subdivision: Sandy Shores Condo
  • Building: Sandy Shores Condo
  • Provided by: NEXTHOME GULF COAST
  • Contact: Tony Anderson
  • 727-282-5151
  • mfrmls
  • DMCA Notice
  • Description
    Whether you're looking for a dream vacation retreat or a high performing income property, this top floor beachfront penthouse at Sandy Shores Condominiums offers the best of both worlds. Zoned for short term rentals with no restrictions on owner use, this unit generated $73,662 in rental income in 2024despite reduced bookings after the storms. In the first half of this year (January through June) it produced $43,916. With projected ROI exceeding 9% in 2025, this property is also an ideal 1031 exchange opportunity. The updated one bedroom, one bath unit is being sold fully furnished, including linens, cookware, and decorready for you or your guests to enjoy immediately. Inside, youll find an open concept living area with sweeping Gulf views, hurricane impact windows, and a renovated kitchen featuring custom wood cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the heated beachfront pool, grilling area, tiki hut, and bicycle storageall part of the Sandy Shores amenities. The building has completed all required structural integrity inspections and reserve studies. With fully funded reserves, and recent upgrades including the roof, balconies, resurfaced pool and parking lot, and a backup generator, this is truly a turnkey coastal investment. Located directly on the beach and just steps from Johns Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. Its also a short drive to St. Pete, Clearwater Beach, and Tampa, making it a top tier location for visitors and owners alike. This is a rare chance to own a proven, income producing beachfront condo in one of Floridas most popular coastal destinations. Schedule your showing today!
Property Location and Similar Properties
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Property Features
Waterfront Description
  1. Gulf/Ocean
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Range
  5. Refrigerator
Association Amenities
  1. Elevator(s)
  2. Pool
  3. Recreation Facilities
Home Owners Association Fee
  1. 0.00
Home Owners Association Fee Includes
  1. Common Area Taxes
  2. Pool
  3. Escrow Reserves Fund
  4. Insurance
  5. Internet
  6. Maintenance Structure
  7. Maintenance Grounds
  8. Pest Control
  9. Sewer
  10. Trash
  11. Water
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Balcony
  2. Outdoor Grill
  3. Sliding Doors
Flooring
  1. Carpet
  2. Ceramic Tile
  3. Luxury Vinyl
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Crown Molding
  3. Open Floorplan
  4. Solid Surface Counters
  5. Stone Counters
  6. Walk-In Closet(s)
  7. Window Treatments
Legal Description
  1. SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502
Levels
  1. One
Living Area
  1. 865.00
Area Major
  1. 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Net Operating Income
  1. 0.00
Occupant Type
  1. Vacant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 15-31-15-78644-000-5020
Property Type
  1. Residential
Roof
  1. Membrane
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 31
Unit Number
  1. 502
Utilities
  1. Cable Connected
  2. Electricity Connected
Views
  1. 176
Virtual Tour Url
  1. https://my.matterport.com/show/?m=w6M2rEtXLVH&brand=0&mls=1&
Water Source
  1. Public
Year Built
  1. 1979
  1. Legacy Real Estate Center Inc
  2. Dedicated to You! Dedicated to Results!
  3. 863.676.0200
  4. dolores@legacyrealestatecenter.com