13326 1ST ST E, Madeira Beach, FL 33708 - MLS#TB8384120

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Alina Pekarsky

alina@vhrfl.com +1(386) 569-5383

$529,900

Est. payment - /mo

3 Beds

2 Baths

1,213 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,213 sqft

Price per Sqft $436

Subdivision Mitchells Beach Rev

MLS Listing ID TB8384120

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1938

Annual Tax Amount $5,927

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 40x104

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.

Location

State FL

County Pinellas

Community Mitchells Beach Rev

Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores

Direction E

Interior

Interior Features Ninguno

Heating None, Ductless

Cooling Ductless, Wall/Window Unit(s)

Flooring Other

Fireplace false

Appliance None

Laundry Electric Dryer Hookup, Outside, Washer Hookup

Exterior

Exterior Feature Other

Fence Fenced

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Roof Type Other

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Listed by EXP REALTY LLC

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Alina Pekarsky

+1(386) 569-5383

Broker | BKBK3118291

Broker BKBK3118291

13326 1ST ST E Madeira Beach, FL 33708

Alina Pekarsky

Key Details

Location

Interior

Exterior

Building

Others

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