What is the Asking Price?

The current asking price for this property is $749,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 1 beds, 1 baths, 865 sqft, 0.92 acres lot, water access, built in 1979, 78 pictures.

Where is the property located?

Property is located at 12924 GULF BLVD #502, MADEIRA BEACH, FL, US. You can view this listing on our map here .

Is the property pet-friendly?

Yes, pets are allowed.Property owners only.

En venta: 12924 Gulf Blvd #502, Madeira Beach, 33708, FL

Loading map ...

12924 GULF BLVD #502, MADEIRA BEACH, 33708

$749,000
Price changed 09/04/2025 from $759,000, -1.32%
1 Beds, 1 Baths , 865 Sq.Ft
County: Pinellas
Subdivision: SANDY SHORES CONDO

Property highlights

MLS#: TB8364902
40,089.00 lot size Sq.Ft.
Year built: 1979
Floor: 5
Pool: Community pool
Waterfront:

Listed: 03/25/2025
Taxes: $8,514.80
Condo maintenance: $796.00 Monthly
Average Monthly Fees (not including CDD, if any): $796.00
Maintenance fee includes: Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash and Water
Building Name: SANDY SHORES
Virtual Tour

Property Overview

Whether you're looking for a dream vacation retreat or a high-performing income property, this top-floor beachfront penthouse at Sandy Shores Condominiums offers the best of both worlds. Zoned for short-term rentals with no restrictions on owner use, this unit generated $73,662 in rental income in 2024—despite reduced bookings after the storms. In the first half of this year (January through June) it produced $43,916. With projected ROI exceeding 9% in 2025, this property is also an ideal 1031 exchange opportunity. The updated one-bedroom, one-bath unit is being sold fully furnished, including linens, cookware, and decor—ready for you or your guests to enjoy immediately. Inside, you’ll find an open-concept living area with sweeping Gulf views, hurricane-impact windows, and a renovated kitchen featuring custom wood cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the heated beachfront pool, grilling area, tiki hut, and bicycle storage—all part of the Sandy Shores amenities. The building has completed all required structural integrity inspections and reserve studies. With fully funded reserves, and recent upgrades including the roof, balconies, resurfaced pool and parking lot, and a backup generator, this is truly a turnkey coastal investment. Located directly on the beach and just steps from John’s Pass Village & Boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. It’s also a short drive to St. Pete, Clearwater Beach, and Tampa, making it a top-tier location for visitors and owners alike. This is a rare chance to own a proven, income-producing beachfront condo in one of Florida’s most popular coastal destinations. Schedule your showing today!

Driving directions : From the Tom Stuart Causeway, turn South (left) onto Gulf Blvd. Travel approximately 1.5 mile. Sandy Shores is on the right (beach) side of the road directly across the street from John's Pass. Park in guest spots nearest Gulf Blvd.

Property Features

Rooms	Dimension	Description
Living Room	16x15	First level , Luxury Vinyl
Dinette	16x8	First level , Ceramic Tile
Kitchen	16x10	First level , Ceramic Tile
Primary Bedroom	16x14	First level , Carpet
Bathroom 1	8x5	First level , Ceramic Tile

Interior Features

Ceiling Fans(s)
Crown Molding
Open Floorplan
Solid Surface Counters
Stone Counters
Walk-In Closet(s)
Window Treatments

Appliances

Dishwasher
Disposal
Microwave
Range
Refrigerator

Heating

Central
Electric

Laundry features

Same Floor As Condo Unit

Air Conditioning

Central Air

Floor Covering

Carpet
Ceramic Tile
Luxury Vinyl

Utilities

Cable Connected
Electricity Connected

Exterior features

Balcony
Outdoor Grill
Sliding Doors

Pets restrictions

Property owners only.
1 pet(s) allowed
Small (16-35 Lbs.)

Community Features

Pool

Association Amenities

Elevator(s)
Pool
Recreation Facilities

Construction Materials

Concrete

Road Surface Type

Paved

Roof

Membrane

Foundation

Concrete Perimeter
Pillar/Post/Pier

Listing information courtesy of NEXTHOME GULF COAST

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Listing data comes from My Florida Regional MLS.