photo 1: 12924 GULF BOULEVARD Unit 502, MADEIRA BEACH FL 33708

Courtesy of NEXTHOME GULF COAST 727-251-3268

Active

12924 GULF BOULEVARD Unit 502, MADEIRA BEACH FL 33708

$749,000

Price

1

Bed

1

Bath

865

Sq. Ft.

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!

Listing Type

Residential

Property Type

Condominium

Built Year

1979

Levels

One

Price/Sqft

--

Lot Size Acre

0.92

Status

Active

Days on Realoq

196

Living Area

865 Sq. Ft.

Lot Size Sqft

40,089 Sq. Ft.

Location

Interior Features
  • Ceiling Fans(s), Crown Molding, Open Floorplan, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Window Treatments
Laundry Features
  • Same Floor As Condo Unit
Agent

Tony Anderson

Brokerage

NEXTHOME GULF COAST

Source AOR

Pinellas

Listing ID #

TB8364902

This content last updated on 10/08/2025 12:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of 10/08/2025 12:20 AM. Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.

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