509 129th Ave E, Madeira Beach, Florida 33708

  • $965,000
  • $1,048,000

Overview

Property ID: HZTB8340387
  • Triplex, Residential Income
  • Property Type

Description

Welcome to this Madeira Beach triplex, ideally situated just steps from John’s Pass Village and Boardwalk. Located on a deep-water canal with stunning views and direct access to Boca Ciega Bay and the Gulf of Mexico, this property features a 14′ x 20′ composite dock and a 13, 000 lb boat lift with electric. The triplex consists of three units: a one-bedroom, one-bathroom unit of approximately 450 square feet, another one-bedroom, one-bathroom unit of about 559 square feet, and a spacious two-bedroom, two-bathroom unit measuring roughly 1, 114 square feet. The roof was replaced in 2015, and while the 1/1 units boast polished terrazzo flooring, the 2/2 unit features durable concrete flooring. Additional upgrades include some impact windows, new plumbing and waste lines in the 2/2 unit, and brand-new mini-split A/C and heating units in all units. Although the property did sustain flooding during recent hurricanes, it offers a blank slate for investors to reimagine the interior design. The dock could be rented for an additional $500 per month. The seller has a no substantial damage letter from the City of Madeira Beach so the home can get an interior repair permit and does not need to be demolished per FEMA’s 50% rule. Zoned R2 with a three-month minimum lease requirement, this triplex is within a couple of blocks of John’s Pass Village and Boardwalk, where you can enjoy an array of restaurants, breweries, nightlife, and more.

  • Address: 509 129TH E AVENUE
  • City: Madeira Beach
  • State/county: FL
  • Zip/Postal Code: 33708
  • Country: US

Details

Updated on April 24, 2025 at 4:12 am
  • Property ID HZTB8340387
  • Price $965,000
  • Land Area 0.14 Acres
  • Year Built 1963
  • Property Type Triplex, Residential Income
  • Property Status Expired

Additional details

  • Listing Terms Cash, Conventional
  • Roof Shingle
  • Utilities Public
  • Sewer Public Sewer
  • Cooling Ductless
  • Heating Other
  • Flooring Concrete, Terrazzo
  • County Pinellas
  • Property Type Residential Income
  • Elementary School Orange Grove Elementary-PN
  • Middle School Seminole Middle-PN
  • High School Seminole High-PN
  • Waterfront Bay/Harbor, Gulf/Ocean to Bay

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Jamie Stevens

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