You can own a piece of the sand in Madeira Beach; the property line runs from Gulf Blvd to the Waters Edge. This townhome offers a unique blend of luxury, convenience, and coastal living. Situated on the beach side of Gulf Blvd, its prime location provides lovely beach views, sand, and incredible sunsets, making every day feel like a vacation.
Some of this home's many standout features are its NO HOA FEES, which save you $$$, garage tandem parking for two cars, and a rarity in beachside properties. This offers both convenience and security. The sizeable ground-floor beach room adds to the allure. It provides a versatile space for relaxation or entertaining, with direct access to an outdoor patio and beach access and the possibility of converting it into an in-law suite or rental. "Also, there are NO pet restrictions." Bring your family pets!
This home is constructed with solid blocks and boasts durability and peace of mind. Upgrades such as a hurricane garage and front door, a new 4-ton Daikin AC/heat pump, a metal roof with 20 years of life, and double-pane windows ensure comfort and safety year-round.
The home offers two wood-burning fireplaces, luxury vinyl flooring, plantation window coverings, and upgraded appliances. The second floor features an open layout encompassing the kitchen, dining, and family room, which is perfect for gatherings and enjoying coastal views from the outside deck area. This floor's spacious office/third bedroom offers versatility and a full three-piece Jack & Jill bathroom.
The top floor is dedicated to relaxation. It features a large primary bedroom with vaulted ceilings, a wood-burning fireplace, and an outdoor deck with great sunset views. The primary bath boasts a soaking tub, a separate shower, and a double-sink vanity. This room also offers a large walk-in closet and an entire wall-to-wall closet, which provides plenty of closet space. Then, we have a laundry area and a third bedroom with a private three-piece bath and a wall-to-wall closet to complete the floor.
With flood insurance at $650 a year and NO HOA fees, this home offers significant savings compared to other properties in the area. The $5,400 annual homeowners insurance further enhances the value proposition of this townhome. In addition to its many attractive features, this property presents an exciting income opportunity through rentals. With the ability to rent for as little as *** 30 days minimum or long term with NO waiting period, you can start generating substantial income.
Based on current market conditions and demand, this property has the potential to generate between $65,000 and $85,000 in rental income annually. This additional income stream adds to the property's appeal, making it a desirable primary family residence or an excellent full-time or part-time investment opportunity.
Don't miss the opportunity to experience this coastal living townhome. Schedule your private showing today and discover this home's unparalleled lifestyle!
Property Type :
Residential
Subdivision :
Lone Palm Beach
County :
Pinellas
Style :
Residential
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ByOwner last updated this listing 04/29/2024 @ 18:20
MLS: MFRMLS #U8231365
LISTED BY: Bryan Alan Manly, KELLER WILLIAMS GULF BEACHES
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
