14135 Palm Street, Madeira Beach, FL 33708
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Listed by: michael reichenbach, llc., paris faughn
Office: century 21 beggins
MLS#:TB8536467
Source:MFRMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$432.76
About this home
Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida?s Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants.
What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike.
The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market.
Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area.
This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal....
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Home facts
- Year built:1947
- Subdivision & Development:GULF SHORES 1ST ADD
- Listing ID #:TB8536467
- Added:40 day(s) ago
- Updated:September 15, 2026 at 06:06 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Flooring:Epoxy
- Kitchen Description:Built-In Oven, Range, Refrigerator
- Living area:2,908 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Built-Up
- Year built:1947
- Building area:2,908 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Flood Zone, Near Public Transit
- Construction Materials:Block
- Exterior Features:Courtyard, Lighting, Patio
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$432.76
- Tax amount:$8,109 (2025)
Features and amenities
- Appliances:Built-in Oven, Electric Water Heater, Range, Refrigerator
- Laundry features:Laundry Room
- Pool features:Public Pool
Parking
- Parking description:Common, Parking Pad, Tandem
- Carport spaces:6
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