12924 GULF BLVD #502 Madeira Beach, FL 33708
1 Bed
1 Bath
865 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 865 sqft
Price per Sqft $865
Subdivision Sandy Shores Condo
MLS Listing ID TB8473441
Bedrooms 1
Full Baths 1
Condo Fees $796
HOA Y/N No
Annual Recurring Fee 9552.0
Year Built 1979
Annual Tax Amount $8,514
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Condominium
Source Stellar MLS
Property Description
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 stainless 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.
Location
State FL
County Pinellas
Community Sandy Shores Condo
Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Interior
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
Heating Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Luxury Vinyl
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Laundry Same Floor As Condo Unit
Exterior
Exterior Feature Balcony, Outdoor Grill, Sliding Doors
Community Features Pool
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Gulf/Ocean
View Y/N Yes
Water Access Yes
Water Access Desc Beach,Gulf/Ocean
Roof Type Membrane
Exposure East
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Concrete Perimeter, Pillar/Post/Pier
Sewer Public Sewer
Water Public
Unit Floor 5
Structure Type Concrete
New Construction false
Others
HOA Fee Include Common Area Taxes,Pool,Escrow Reserves Fund,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Pest Control,Sewer,Trash,Water
Senior Community No
Pet Size Small (16-35 Lbs.)
Ownership Condominium
Monthly Total Fees $796
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Num of Pet 1
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8473441
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