Prime Investment Opportunity in Madeira Beach! Savvy investors, take note! This triplex, three Income-Producing Units, totaling 1,572 SqFt of Heated Living Space, featuring two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offers strong rental potential. While the property sustained damage from Hurricane Helene, it has been verified as not substantially damaged. With alley access, six (6) off-street parking spaces, and individually metered utilities, this property is well-positioned for a seamless rehab and rental setup. Located in very close proximity to the beach (safe, lit crossing less than a block away) and just minutes walk/bike from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. This incredible investment property at 13388 1st St E, Madeira Beach, FL, presents quite a unique opportunity—especially when coupled with the property next door to the south at 13378 1st St E. Imagine the potential of renovating and renting out three to five units awhile retaining and living in this highly sought-after beachside location, maximizing your rental income in one of the most desirable vacation destinations on the Gulf Coast! This is a Must-See Investment: Steps from the Beach – Prime location just minutes from the sand & surf. Rental Income Potential – Ideal for monthly or long-term rentals. Renovation Ready – Customize both properties to maximize value. High Demand Area – Madeira Beach is a hotspot for vacationers & renters. Walkable Location – John’s Pass Village & Boardwalk in Madeira Beach is a premier waterfront destination offering boating adventures, dolphin tours, deep-sea fishing, and watersports. Enjoy fresh seafood, waterfront dining, unique boutiques, and live entertainment, making it a lively hub for both locals and tourists. Owning a home/rental property near John’s Pass means embracing a true Florida lifestyle with endless recreation, stunning Gulf views steps away, and incredible investment potential! With the right vision, this investment could generate exceptional returns—whether you’re looking to flip, hold, or create an unbeatable beach rental portfolio. Opportunities like this don’t last long—secure your piece of paradise today! Contact us for details on purchasing one or both properties and unlocking their full income potential!
Property Details
Price:
$435,000
MLS #:
TB8355846
Status:
Active
Beds:
2
Baths:
2
Address:
13388 1ST STREET E
Type:
Multi Family
Subtype:
Triplex
Subdivision:
MITCHELLS BEACH REV
Neighborhood:
33708 – St Pete/Madeira Bch/N Redington Bch/Shores
City:
MADEIRA BEACH
Listed Date:
Mar 23, 2025
State:
FL
Finished Sq Ft:
1,699
Total Sq Ft:
1,699
ZIP:
33708
Lot Size:
4,060 sqft / 0.09 acres (approx)
Year Built:
1959
Units:
3
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Elementary School:
Orange Grove Elementary-PN
Middle School:
Seminole Middle-PN
High School:
Seminole High-PN
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Ceramic Tile, Terrazzo
Heating
None, Wall Units / Window Unit
Laundry Features
Electric Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Construction Materials
Block, Concrete, Stucco
Exterior Features
Other, Outdoor Shower
Parking Features
Common, Guest, Off Street
Roof
Shingle
Financial
Tax Year
2024
Taxes
$5,932
Map
Community
- Address13388 1ST STREET E MADEIRA BEACH FL
- SubdivisionMITCHELLS BEACH REV
- CityMADEIRA BEACH
- CountyPinellas
- Zip Code33708
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13388 1ST STREET E
MADEIRA BEACH, FL
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