Discover a rare investment opportunity with this waterfront

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Home For Sale

12955 PELICAN LANE

Madeira Beach, Florida 33708

Pinellas County Water View: Yes

Community: WILLIAMS BILL MADEIRA HARBOR SUB 1ST ADD

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$2,990,000 11 br, 6.0 bath 4022 sq. ft. 0.000 acres

Discover a rare investment opportunity with this waterfront, 5-unit licensed hotel, just steps from the iconic John's Pass Village & Boardwalk and directly across the street from the sugar-white sands of Madeira Beach. Recently refreshed with new furniture in 2025, this turn-key property offers immediate income potential and year-round appeal for both vacationers and long-term guests.

Privately nestled in a lush, tropical setting, the property includes four 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit--a rare find in this area. Each unit features an individual electric meter, fully furnished, and equipped with full kitchens for a home-away-from-home experience. Guests will appreciate designated parking spaces - seven in total for assigned and guest parking- a serene paver patios, and a private dock with electricity and water--perfect for boaters or simply enjoying sunsets on the Intracoastal Waterway.

The property is outfitted with electronic door locks, making day-to-day operations seamless and ideal for remote management or self-check-in. The three-bedroom unit adds unique flexibility--perfect for an owner-operator, seasonal resident manager, or host running the property remotely. A separate utility room houses a washer and dryer for guest use or if self managed to wash during turn over.

Location is everything, and this property places guests within walking distance to John's Pass Village, a vibrant hub for shopping, waterfront dining, bars, live music, fishing charters, jet ski rentals, dolphin cruises, and more. With over 100 merchants, John's Pass is one of the most visited attractions on Florida's Gulf Coast, drawing more than 2 million visitors annually. Whether your guests are beach lovers, foodies, or adventure seekers, this one-of-a-kind property is ideally situated for them to enjoy the very best of Florida's Gulf Coast.

Don't miss this rare chance to own a fully licensed, turn-key hospitality business in one of Tampa Bay's most desirable waterfront destinations.

Interior:
  • Bedrooms: 11
  • Baths: 6.0
  • Sq Ft: 4022
  • Year Built: 1957
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Central
  • Garage: Assigned, Guest, Off Street
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: 
  • Roof: Shingle
  • MLS #: TB8399312
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Contact Information:
Beach Home For Sale in Madeira Beach, Florida
Listing Agent: Evan Pedone, Engel & Völkers Madeira Beach, 727-394-7365, 727-394-7365 Listing Site, Listing Status: Active
Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6372782
Viewed 69 times.
Updated: Oct 15, 2025

This property is a Home located at 12955 PELICAN LANE, Madeira Beach, Florida 33708, and is currently For Sale at $2,990,000. This Home has 11 bedrooms, 6.0 baths, 4022 sq ft.