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14135 Palm Street

MadeiraBeach, FL 33708
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Bed 5

Bed

Bath 5

Bath

SqFt2,908

Sqft

Acres0.12

Acre(Lot)

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 through out, 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,300,000

AD Id : 89160082

MLS Id : MFRTB8536467

Beds : 5

Lot Size : 0.12 Acre

Living Area Size : 2,908

Year Built : 1947

County : Pinellas

Subdivision: Madeira Shores

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 5

    Interior Features

    Other Roof: Built-Up Appliances: Built-In Oven, Electric Water Heater, Range, Refrigerator Laundry Features: Laundry Room

    Roofing Information

    Built-Up
  • Flooring Information

    Flooring: Epoxy Construction Materials: Block
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1947
  • Exterior Features

    Courtyard, Lighting Construction Materials: Block Foundation Details: Slab Road Responsibility: Public Maintained Road

  • Lot Information

    Lot Dimensions: 50x100 Lot Description: FloodZone, City Limits, Near Public Transit Lot Square Feet: 5031 Lot Acres: 0.12 Lot Size (SqMt): 467

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex

  • Listing Price Information

    Original List Price:$1300000

  • Tax Information

    Tax Block: F Tax Book Number: 21-14 Tax Lot: 4 Tax Legal Description: GULF SHORES 1ST ADD BLK F, LOT 4 & NW'LY 10FT OF LOT 5 Annual Tax: $8109 Tax Year: 2025 Parcel Number: 10-31-15-34326-006-0040

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: GULF SHORES 1ST ADD City: MADEIRA BEACH Direction: Head toward 141st Ave. Turn right onto 142nd Ave. Turn right at the 1st cross street onto Palm St.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13388 1st Street, Madeirabeach, FL, 33708 $749,999 6 5 1,572 1,572 SqFt
13440 1st Street, Madeirabeach, FL, 33708 $650,000 4 2 1,378 1,378 SqFt
14013 Marguerite Drive, Madeirabeach, FL, 33708 $635,000 3 3 1,516 1,516 SqFt
14036 Marguerite Drive, Madeirabeach, FL, 33708 $630,000 3 2 1,443 1,443 SqFt
14141 Gulf Boulevard #5, Madeirabeach, FL, 33708 $311,000 1 1 392 392 SqFt
119 147th Avenue, Madeirabeach, FL, 33708 $450,000 2 2 1,264 1,264 SqFt
14906 N Bayshore Drive, Madeirabeach, FL, 33708 $469,900 3 2 1,399 1,399 SqFt
14975 1st Street, Madeirabeach, FL, 33708 $1,050,000 5 6 2,052 2,052 SqFt
15227 Gulf Boulevard, Madeirabeach, FL, 33708 $985,000 2 11 6,995 6,995 SqFt
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ByOwner last updated this listing 08/20/2026 @ 18:20

MLS: MFRMLS #TB8536467 LISTED BY: MICHAEL Reichenbach, LLC, CENTURY 21 BEGGINS 800-541-9923 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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