12955 Pelican Lane, Madeira Beach, FL 33708
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
12955 Pelican Lane,Madeira Beach, FL 33708
$2,990,000
- 11 Beds
- 6 Baths
- 4,022 sq. ft.
- Multi-family
- Active
Listed by:evan pedone
Office:engel & volkers madeira beach
MLS#:TB8399312
Source:MFRMLS
Price summary
- Price:$2,990,000
- Price per sq. ft.:$743.41
About this home
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 Airbnb 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.
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Home facts
- Year built:1957
- Listing ID #:TB8399312
- Added:101 day(s) ago
- Updated:October 12, 2025 at 11:58 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:6
- Living area:4,022 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1957
- Building area:4,022 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,990,000
- Price per sq. ft.:$743.41
- Tax amount:$29,650 (2024)
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