509 129th Ave E, Madeira Beach, Florida 33708
- $965,000
- $1,048,000
509 129th Ave E, Madeira Beach, Florida 33708
- $965,000
- $1,048,000
Overview
- Triplex, Residential Income
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
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Address: 509 129TH E AVENUE
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City: Madeira Beach
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State/county: FL
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Zip/Postal Code: 33708
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Country: US
Details
Updated on April 24, 2025 at 4:12 am-
Property ID HZTB8340387
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Price $965,000
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Land Area 0.14 Acres
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Year Built 1963
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Property Type Triplex, Residential Income
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Property Status Expired
Additional details
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Listing Terms Cash, Conventional
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Roof Shingle
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Utilities Public
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Sewer Public Sewer
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Cooling Ductless
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Heating Other
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Flooring Concrete, Terrazzo
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County Pinellas
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Property Type Residential Income
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Elementary School Orange Grove Elementary-PN
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Middle School Seminole Middle-PN
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High School Seminole High-PN
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Waterfront Bay/Harbor, Gulf/Ocean to Bay
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