Gulf Shores 1st Add Homes with Block Exterior Construction

Gulf Shores 1st Add Homes with Block Exterior Construction

Welcome to Gulf Shores 1st Add., a hidden gem nestled in the heart of Florida's vibrant coastline. This charming subdivision offers a perfect blend of serene living and coastal charm, making it an ideal destination for those seeking a tranquil lifestyle just moments away from the stunning Gulf of Mexico.

Gulf Shores 1st Add. is known for its welcoming community atmosphere, where neighbors become friends and families thrive. The subdivision features an array of homes with durable block exterior construction, ensuring not only longevity but also energy efficiency. These sturdy homes are designed to withstand the elements, providing peace of mind for homeowners.

Imagine waking up to the gentle sound of waves and the scent of salt in the air. Residents of Gulf Shores 1st Add. enjoy close proximity to pristine beaches, inviting parks, and recreational activities that cater to all ages. Whether you’re taking a leisurely stroll along the shore, indulging in water sports, or simply soaking up the sun, this community is a paradise for outdoor enthusiasts.

In addition to its natural beauty, Gulf Shores 1st Add. boasts convenient access to local shops, delightful dining options, and vibrant entertainment venues. This blend of coastal living and community spirit makes it a fantastic place to call home.

If you’re looking for a beautiful home in a friendly neighborhood, Gulf Shores 1st Add. is the perfect choice. Come experience the charm of Florida living at its finest!

Newest Gulf Shores 1st Add Homes with Block Exterior Construction

$1,300,000
5 Beds 5 Baths 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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