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12924 Gulf Boulevard #502

MadeiraBeach, FL 33708
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Bed 1

Bed

Bath 1

Bath

SqFt865

Sqft

Acres0.92

Acre(Lot)

Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizons—this top-floor beachfront penthouse is where the Florida dream becomes reality. Welcome to 12924 Gulf Blvd #502, perched high above the sugar-sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether you’re searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front. From the moment you step inside, your eyes are drawn to sweeping, unobstructed views of the Gulf. The open-concept living space is filled with natural light and framed by hurricane-impact windows, creating a bright, airy atmosphere that feels both relaxed and refined. The updated kitchen features custom wood cabinetry, quartz countertops, and st ainless steel appliances, perfectly positioned for effortless entertaining or quiet evenings after a day at the beach. The one-bedroom, one-bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and décor—truly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort-style amenities including a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storage—all just steps from the sand. This property shines not only as a lifestyle purchase, but as a high-performing investment. Zoned for short-term rentals with no restrictions on owner use, the unit generated $73,000 in rental income in 2024 (despite storm-related booking disruptions) and $71,000 in 2025, making it a standout opportunity in a highly desirable market. Peace of mind comes standard here. The building has completed all required structural integrity inspections and reserve studies, boasts fully funded reserves, and has undergone significant recent improvements including upgraded balconies, resurfaced pool and parking lot, and a backup generator—rare and valuable features for a beachfront condominium. Location elevates everything. Situated directly on the beach and just steps from John’s Pass Village & Boardwalk, you’ll enjoy unmatched walkability to waterfront restaurants, boutique shops, fishing charters, boat rentals, dolphin tours, and live entertainment. St. Pete, Clearwater Beach, and Tampa are all an easy drive away, keeping this condo in constant demand with visitors year-round. This is more than a condo—it’s a proven income-producing beachfront penthouse in one of Florida’s most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself.

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Detail Ic Property Details

Property Type : Residential

Price : $749,000

AD Id : 75121019

MLS Id : MFRTB8473441

Beds : 1

Lot Size : 0.92 Acre

Living Area Size : 865

Year Built : 1979

County : Pinellas

Subdivision: Crimson On The Gulf Condo

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Feature Features

  • Bedroom Information

    Total Bedroom: 1

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Interior Features

    Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments Roof: Membrane Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator Laundry Features: Same Floor As Condo Unit

    Roofing Information

    Membrane
  • Flooring Information

    Flooring: Carpet, Ceramic Tile, Luxury Vinyl Construction Materials: Concrete
  • Heating & Cooling

    Heating: Electric Cooling: Central Air Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 1979
  • Exterior Features

    Balcony, Outdoor Grill, Sliding Doors Construction Materials: Concrete Foundation Details: Concrete Perimeter, Pillar/Post/Pier

  • Lot Information

    Lot Square Feet: 40089 Lot Acres: 0.92 Lot Size (SqMt): 3724

    Property Information

    Property Type: Residential Sub Type: Condominium

  • Listing Price Information

    Original List Price:$749000

  • Tax Information

    Tax Block: 00 Tax Book Number: 33-108 Tax Lot: 502 Tax Legal Description: SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502 Annual Tax: $8514.8 Tax Year: 2024 Parcel Number: 15-31-15-78644-000-5020

  • Homeowners Association Information

    Included Fees: Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water

  • Utility Information

    Cable Connected, Electricity Connected, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: SANDY SHORES CONDO City: MADEIRA BEACH Direction: DIRECTLY ACROSS THE STREET FROM JOHNS PASS. From the Tom Stuart Causeway, turn South (left) onto Gulf Blvd. Travel approximately 1.5 mile. Sandy Shores is on the right (beach) side of the road directly across the street from John's Pass. Park in guest spots nearest Gulf Blvd.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
12924 Gulf Boulevard #510, Madeirabeach, FL, 33708 $750,000 2 2 1,005 1,005 SqFt
13235 Gulf Boulevard #315, Madeirabeach, FL, 33708 $615,000 2 2 973 973 SqFt
13336 Gulf Boulevard #101, Madeirabeach, FL, 33708 $775,000 2 2 1,115 1,115 SqFt
13336 Gulf Boulevard #204, Madeirabeach, FL, 33708 $949,000 2 2 1,005 1,005 SqFt
13440 Gulf Boulevard #202, Madeirabeach, FL, 33708 $548,500 2 2 1,055 1,055 SqFt
14001 Gulf Boulevard #407, Madeirabeach, FL, 33708 $399,900 1 2 840 840 SqFt
14001 Gulf Boulevard #207, Madeirabeach, FL, 33708 $387,000 1 2 840 840 SqFt
14048 Gulf Boulevard #402, Madeirabeach, FL, 33708 $2,779,000 2 3 1,791 1,791 SqFt
14048 Gulf Boulevard #202, Madeirabeach, FL, 33708 $2,625,000 3 3 1,791 1,791 SqFt
14048 Gulf Boulevard #302, Madeirabeach, FL, 33708 $2,725,000 3 3 1,791 1,791 SqFt
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ByOwner last updated this listing 06/03/2026 @ 18:20

MLS: MFRMLS #TB8473441 LISTED BY: Tony Anderson, NEXTHOME GULF COAST 727-282-5151 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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