FL > Madeira Beach > Sandy Shores Condo
Madeira Beach, FL 33708,12924 GULF BLVD #502
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Madeira Beach, FL 33708,12924 GULF BLVD #502,Video Tour
Madeira Beach, FL 33708,12924 GULF BLVD #502
Madeira Beach, FL 33708,12924 GULF BLVD #502
Madeira Beach, FL 33708,12924 GULF BLVD #502
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Mauro Costa

Mauro Costa

Corcoran Premier Realty

+1(321) 231-6800
Listed by NEXTHOME GULF COAST
$ 749,000
Est. payment /mo
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Price Dropped by $10K

12924 GULF BLVD #502 Madeira Beach, FL 33708

1 Bed

1 Bath

865 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 865 sqft

Price per Sqft $865

Subdivision Sandy Shores Condo

MLS Listing ID TB8364902

Bedrooms 1

Full Baths 1

Condo Fees $796

HOA Y/N No

Annual Recurring Fee 9552.0

Year Built 1979

Annual Tax Amount $8,514

Lot Size 0.920 Acres

Acres 0.92

Property Sub-Type Condominium

Source Stellar MLS

Property 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 2024—despite 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 decor—ready for you or your guests to enjoy immediately. Inside, you'll 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 storage—all 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 John's Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. It's 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 Florida's most popular coastal destinations. Schedule your showing today!

Location

State FL

County Pinellas

Community Sandy Shores Condo

Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores

Interior

Interior Features Ceiling Fans(s), Crown Molding, Open Floorplan, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Window Treatments

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Ceramic Tile, Luxury Vinyl

Fireplace false

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator

Laundry Same Floor As Condo Unit

Exterior

Exterior Feature Balcony, Outdoor Grill, Sliding Doors

Community Features Pool

Utilities Available Cable Connected, Electricity Connected

Amenities Available Elevator(s), Pool, Recreation Facilities

Waterfront Description Gulf/Ocean

View Y/N Yes

Water Access Yes

Water Access Desc Gulf/Ocean

Roof Type Membrane

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Concrete Perimeter, Pillar/Post/Pier

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

HOA Fee Include Common Area Taxes,Pool,Escrow Reserves Fund,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Pest Control,Sewer,Trash,Water

Senior Community No

Pet Size Small (16-35 Lbs.)

Ownership Condominium

Monthly Total Fees $796

Num of Pet 1

Special Listing Condition None

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Stellar MLS
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Mauro Costa

Mauro Costa

Real Estate Concierge | License ID: SL3172982

+1(321) 231-6800

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