This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John’s Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.
Property Details
Price:
$529,900
MLS #:
TB8384120
Status:
Active
Beds:
3
Baths:
2
Address:
13326 1ST STREET E
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
MITCHELLS BEACH REV
Neighborhood:
33708 – St Pete/Madeira Bch/N Redington Bch/Shores
City:
MADEIRA BEACH
Listed Date:
May 8, 2025
State:
FL
Finished Sq Ft:
1,267
Total Sq Ft:
1,267
ZIP:
33708
Lot Size:
4,060 sqft / 0.09 acres (approx)
Year Built:
1938
Schools
Interior
Appliances
None
Bathrooms
2 Full Bathrooms
Cooling
Mini- Split Unit(s), Wall/ Window Unit(s)
Flooring
Other
Heating
None, Wall Units / Window Unit
Laundry Features
Electric Dryer Hookup, Outside, Washer Hookup
Exterior
Construction Materials
Wood Frame
Exterior Features
Other
Other Structures
Additional Single Family Home
Roof
Other
Financial
Tax Year
2024
Taxes
$5,927
Map
Community
- Address13326 1ST STREET E MADEIRA BEACH FL
- SubdivisionMITCHELLS BEACH REV
- CityMADEIRA BEACH
- CountyPinellas
- Zip Code33708
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Courtesy of EXP REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 13326 1ST STREET E
MADEIRA BEACH, FL
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