12924 Gulf Boulevard Unit 502, Madeira Beach, FL 33708

$765,000
1
BD
1
BA
865
SqFt
List Price
$765,000
Status
Active
Days on Market
107
MLS#
TB8364902
Property Style
Condo
Year Built
1979
Bedrooms
1
Bathrooms
1
Living Area
865
Lot Size
40,089
Acres
0.92
Building Name
Sandy Shores
Monthly Condo Fee
796
Legal Subdivision Name
Sandy Shores Condo
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

Whether you're looking for a dream vacation home or a profitable investment property, this condo delivers. INCOME PRODUCING Short-term rentals are allowed, and IN 2024, THIS UNIT GENERATED $73,662 IN RENTAL INCOME—despite limited bookings following the storms. IN THE FIRST SIX MONTHS OF 2025 (January - June), RENTAL INCOME HAS TOTALED $43,916. Welcome to beachfront living at Sandy Shores Condominiums, where the Gulf of Mexico is your backyard, and the possibilities for both relaxation and investment are endless. This beautifully updated TOP FLOOR PENTHOUSE is one-bedroom, one-bath condo and perfectly positioned directly on the sand, offering breathtaking Gulf views and stunning sunsets that make every evening unforgettable. Step inside to discover an open floor plan designed for both comfort and functionality. The living area and kitchen blend seamlessly, creating the perfect space to relax or entertain while taking in the spectacular views of the Gulf. The updated kitchen features custom wood cabinets, sleek quartz countertops, and stainless steel appliances, offering a modern, coastal-chic aesthetic. Hurricane impact windows enhance both safety and serenity, allowing you to fully enjoy the peaceful sounds of the waves and the salty ocean breeze. To make ownership effortless, this unit is being sold fully furnished, including dishes, silverware, linens, bedding, and everything needed to accommodate future rental guests, with only a few pictures and personal mementos excluded. Beyond the condo itself, Sandy Shores Condominiums offers a variety of desirable amenities to enhance the beachfront lifestyle. Spend your days lounging by the heated pool overlooking the beach, host a cookout in the outdoor grilling area, enjoy dining beneath the tiki hut, or take advantage of the bicycle storage for scenic rides along the coast. Just across the street, John’s Pass Village & Boardwalk provides endless entertainment, featuring waterfront restaurants, boutique shops, fishing charters, dolphin-watching tours, and water activities like boat rentals and parasailing. The prime location also offers easy access to St. Petersburg, Tampa, and world-famous Clearwater Beach, making this an exceptional spot for vacationers and full-time residents alike. For added peace of mind, Sandy Shores has completed all required structural integrity inspections and reserve studies. Recent community improvements to the roof, balconies, a new emergency generator, and resurfacing of the pool and parking lot, ensuring the property remains in excellent condition for years to come. And the RESERVES ARE FULLY FUNDED. Take a walk through the virtual tour at https://my.matterport.com/show/?m=w6M2rEtXLVH&brand=0&mls=1& With its prime beachfront location, strong rental history, and no restrictions on owner use, this condo presents an incredible opportunity—whether you’re looking for an investment, a personal getaway, or both. Don’t miss the chance to own a piece of paradise. Schedule your private showing today and make this your next home!

Additional Information

Taxes
$8514
Minimum Lease
No Minimum
Maintenance Includes
Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water
Condo Fees
$796
Condo Fees Term
Monthly
Community Features
Pool, No Deed Restriction
Property Description
One Story
Interior Layout
Ceiling Fans(s), Crown Molding, Open Floorplan, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Window Treatments
Interior Features
Ceiling Fans(s), Crown Molding, Open Floorplan, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Window Treatments
Floor
Carpet, Ceramic Tile, Luxury Vinyl
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Utilities
Cable Connected, Electricity Connected
Heating
Central, Electric
Air Conditioning
Central Air
Exterior Construction
Concrete
Exterior Features
Balcony, Outdoor Grill, Sliding Doors
Roof
Membrane
Foundation
Concrete Perimeter, Pillar/Post/Pier
Pool
Community
Water Name
Gulf Of America
Water View
Gulf/Ocean - Full
Water Access
Gulf/Ocean
Water Frontage
Gulf/Ocean
Pet Size
Small (16-35 Lbs.)
Floor Number
5
Flood Zone Code
AE
Parcel ID
15-31-15-78644-000-5020
Legal Description
SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of NEXTHOME GULF COAST. 727-282-5151

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