Gulf Shores 1st Add Homes with Bay Front Water Frontage

Gulf Shores 1st Add Homes with Bay Front Water Frontage

Welcome to Gulf Shores 1st Add., an enchanting subdivision nestled in the heart of Madeira Beach, Florida. This picturesque community in Pinellas County is a true gem for those seeking a blend of coastal living and vibrant community spirit. Imagine waking up to the soothing sounds of the waves lapping against the shore, with stunning views right from your doorstep.

Gulf Shores 1st Add. boasts a unique selection of homes that offer coveted bay front waterfrontage, allowing residents to bask in the beauty of waterfront living. These charming properties are designed to maximize the breathtaking views of the shimmering waters, providing a serene backdrop for both relaxation and entertainment. With spacious decks and private docks, homeowners can indulge in a variety of water activities, from boating to fishing, all just steps away from their front door.

The community itself is characterized by its friendly atmosphere and close-knit neighborhood vibe. Residents enjoy easy access to Madeira Beach's pristine sandy shores, where sunbathing, beach volleyball, and sunset strolls become part of daily life. Additionally, the area is rich with local shops, restaurants, and recreational parks, ensuring that everything you need is conveniently nearby.

Whether you’re looking for a vacation retreat or a permanent residence, Gulf Shores 1st Add. offers an idyllic coastal lifestyle that captures the essence of Florida living. Explore the possibilities of bay front living and make your dream home a reality in this charming Madeira Beach community!

Newest Gulf Shores 1st Add Homes with Bay Front Water Frontage

$1,300,000
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

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