12955 Pelican Lane, Madeira Beach, FL 33708

$2,990,000
11
BD
6
BA
4,022
SqFt
List Price
$2,990,000
Status
Active
Days on Market
8
MLS#
TB8399312
Property Style
Multi Family
Year Built
1957
Bedrooms
11
Bathrooms
6
Living Area
4,022
Lot Size
6,395
Acres
0.15
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Williams Bill Madeira Harbor Sub 1st Add
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

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.

Additional Information

Taxes
$29649
Minimum Lease
No Minimum
Location
Flood Insurance Required, FloodZone, City Limits, Landscaped, Near Marina, Near Public Transit, Paved
Community Features
No Deed Restriction
Interior Layout
Eat-in Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Thermostat
Interior Features
Eat-in Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Thermostat
Floor
Ceramic Tile
Appliances
Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Utilities
Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block, Concrete
Exterior Features
Balcony, Courtyard, Fence, Sliding Doors, Storage
Roof
Shingle
Foundation
Slab
Pool
No Pool
Garage Features
Assigned, Guest, Off Street
Water Extras
Bridges - No Fixed Bridges, Sailboat Water, Seawall - Concrete
Water View
Intracoastal Waterway
Water Access
Intracoastal Waterway
Water Frontage
Intracoastal Waterway
Flood Zone Code
AE
Parcel ID
15-31-15-97830-000-0360
Legal Description
WILLIAM'S, BILL MADEIRA HARBOR SUB 1ST ADD LOT 36 & RIP RTS

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH. 727-394-7365

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