Madeira Beach - Beach Property For Sale #7200538

Under contract-accepting backup offers. RARE INVESTMENT OPPORTUNITY - BANK OWNED 8-UNITS within a 10-unit complex located in the heart of Madeira Beach, one of Pinellas County's most desirable and tourism-driven coastal markets. The property experienced flooding during recent storms, and the lower units will require restoration, creating a compelling value-add opportunity for investors seeking strong upside in a proven short-term rental location. The bank owns 8 units, while the remaining 2 units are owned individually and may be purchased separately, offering a potential path to full ownership of the complex. The property is zoned R-3, and nightly rentals are allowed, making it ideal for vacation rentals, , or short-term leasing strategies. Prior to the storms, this complex was generating solid rental income, supported by its exceptional location near John's Pass Village & Boardwalk--one of Florida's most visited waterfront attractions. John's Pass draws millions of visitors annually and offers boating, fishing charters, dolphin tours, waterfront dining, shopping, entertainment, and direct access to the Gulf beaches. Madeira Beach is well known for its strong tourism demand, limited supply of nightly rental properties, and year-round visitor traffic, making renovated short-term rentals highly desirable. Ongoing redevelopment and investment throughout the beach communities further enhance long-term potential.
This opportunity is well suited for investors looking to restore, modernize, and reposition a multi-unit property in a high-demand coastal market with the ability to generate short-term rental income. Seller is motivated and ready to sell the 8 units now.
Call for additional information, details on acquisition options, seller financing may be available and historical performance.