$529,900 for Sale
13326 1st street, madeira beach, FL 33708
| Beds 3 | Baths 2 | 1,213 Sqft | 0.09 Acres |
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Property Description
This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.
General Information
Sale Price: $529,900
Price/SqFt: $437
Status: Active
MLS#: TB8384120
City: madeira beach
Post Office: madeira beach
County: Pinellas
Subdivision: mitchells beach rev
Acres: 0.09
Lot Dimensions: 40 x 104
Bedrooms:3
Bathrooms:2 (2 full, 0 half)
House Size: 1,213 sq.ft.
Acreage: 0.09 est.
Year Built: 1938
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Wood Frame
Exterior Misc: Other
Basement: No
Foundation : Crawlspace
Appliances: None
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating: None, Wall Units / Window Unit
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $5,927
Legal Description: MITCHELL'S BEACH REVISED BLK 11, LOT 15
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Nicole Wolf of EXP REALTY LLC, Phone: 888-883-8509
