Gulf Shores 1st Add Homes with Common Parking Features

Welcome to Gulf Shores 1st Add, an enchanting subdivision nestled in the heart of Madeira Beach, Florida. This coastal gem in Pinellas County is not just a place to live; it’s a lifestyle that embodies the essence of beachside living. With its charming streets lined with swaying palm trees and vibrant local shops, Gulf Shores 1st Add offers a unique blend of relaxation and community spirit.

The homes in this delightful subdivision are designed to embrace the coastal lifestyle, featuring a variety of architectural styles that cater to diverse tastes. From quaint beach cottages to modern townhomes, each residence boasts its own charm and character. One of the standout features of Gulf Shores 1st Add is the availability of common parking areas, making it convenient for residents and their guests. This thoughtful amenity ensures that you can enjoy the beach life without the hassle of parking woes.

Imagine waking up to the sound of waves gently lapping at the shore, with the sparkling Gulf of Mexico just a short stroll away. Residents have easy access to pristine beaches, where sun-soaked days and stunning sunsets become part of your daily routine. The neighborhood is also close to a variety of dining options, boutique shops, and recreational activities, making it an ideal spot for families, retirees, and everyone in between.

Whether you’re looking to invest in a vacation home or a permanent residence, Gulf Shores 1st Add offers a welcoming community with all the charm and convenience you could desire. Discover your slice of paradise today in this idyllic Madeira Beach subdivision!

$1,300,000

5 Beds ⋅ 5 Baths ⋅ Gulf Shores 1st Add SubDv. ⋅ 33708 Zip Code

Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida?s Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach

Gulf Shores 1st Add Homes with Common Parking Features

Newest Gulf Shores 1st Add Homes with Common Parking Features