Gulf Shores 1st Add Homes with Bay Front Water Frontage

Gulf Shores 1st Add Homes with Bay Front Water Frontage

Welcome to Gulf Shores 1st Add., a picturesque subdivision nestled in the heart of Madeira Beach, Florida. This charming coastal community offers the perfect blend of tranquility and vibrant beach life, making it an ideal place to call home. Located in Pinellas County, Gulf Shores 1st Add. boasts stunning bay front properties that provide residents with breathtaking views and direct access to the shimmering waters of the Gulf of Mexico.

Imagine waking up each day to the soothing sounds of waves lapping against the shore and the gentle sea breeze flowing through your windows. Homes in this coveted subdivision feature exquisite bay front waterfrontage, allowing you to enjoy a front-row seat to stunning sunsets and the vibrant marine life that inhabits the area. Whether you’re an avid boater looking to dock your vessel at home or simply someone who appreciates the beauty of coastal living, Gulf Shores 1st Add. has something for everyone.

The neighborhood is not only defined by its beautiful homes but also by its strong sense of community. Residents enjoy easy access to Madeira Beach’s pristine sandy shores, local parks, and a plethora of dining and shopping options just a stone’s throw away. With its welcoming atmosphere and stunning surroundings, Gulf Shores 1st Add. is more than just a place to live; it’s a lifestyle. Experience the best of Florida living in this enchanting subdivision, where your dream home awaits amidst the sun, sea, and sand.

Newest Gulf Shores 1st Add Homes with Bay Front Water Frontage

$1,300,000
Gulf Shores 1st Add SubDv. 33708 Zip Code
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.

14135 Palm Street, Madeira Beach

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