12924 Gulf Boulevard #502, Madeira Beach, FL 33708

Local realty services provided by:Better Homes and Gardens Real Estate Synergy
12924 Gulf Boulevard #502,Madeira Beach, FL 33708
$749,000
  • 1 Beds
  • 1 Baths
  • 865 sq. ft.
  • Condominium
  • Active
Listed by:tony anderson
Office:nexthome gulf coast
MLS#:TB8364902
Source:MFRMLS

Price summary

  • Price:$749,000
  • Price per sq. ft.:$865.9

About this home

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

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Home facts

  • Year built:1979
  • Listing ID #:TB8364902
  • Added:189 day(s) ago
  • Updated:October 01, 2025 at 11:51 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:865 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric

Structure and exterior

  • Roof:Membrane
  • Year built:1979
  • Building area:865 sq. ft.
  • Lot area:0.92 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$749,000
  • Price per sq. ft.:$865.9
  • Tax amount:$8,515 (2024)
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