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509 129th Avenue E, MADEIRA BEACH, FL 33708
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509 129th Avenue E
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Would you like to sell your home before you purchase this one?
Priced at Only: $1,048,000
For more Information Call:
Address: 509 129th Avenue E, MADEIRA BEACH, FL 33708
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  • MLS#: TB8340387 ( Residential Income )
  • Street Address: 509 129th Avenue E
  • Viewed: 229
  • Price: $1,048,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Bay/Harbor,Gulf/Ocean to Bay
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 71
Description
Welcome to this Madeira Beach triplex, ideally situated just steps from John's Pass Village and Boardwalk. Located on a deep water canal with stunning views and direct access to Boca Ciega Bay and the Gulf of Mexico, this property features a 14' x 20' composite dock and a 13,000 lb boat lift with electric. The triplex consists of three units: a one bedroom, one bathroom unit of approximately 450 square feet, another one bedroom, one bathroom unit of about 559 square feet, and a spacious two bedroom, two bathroom unit measuring roughly 1,114 square feet. The roof was replaced in 2015, and while the 1/1 units boast polished terrazzo flooring, the 2/2 unit features durable concrete flooring. Additional upgrades include some impact windows, new plumbing and waste lines in the 2/2 unit, and brand new mini split A/C and heating units in all units. Although the property did sustain flooding during recent hurricanes, it offers a blank slate for investors to reimagine the interior design. The dock could be rented for an additional $500 per month. The seller has a no substantial damage letter from the City of Madeira Beach so the home can get an interior repair permit and does not need to be demolished per FEMA's 50% rule. Zoned R2 with a three month minimum lease requirement, this triplex is within a couple of blocks of John's Pass Village and Boardwalk, where you can enjoy an array of restaurants, breweries, nightlife, and more.
Description
Welcome to this Madeira Beach triplex, ideally situated just steps from John's Pass Village and Boardwalk. Located on a deep water canal with stunning views and direct access to Boca Ciega Bay and the Gulf of Mexico, this property features a 14' x 20' composite dock and a 13,000 lb boat lift with electric. The triplex consists of three units: a one bedroom, one bathroom unit of approximately 450 square feet, another one bedroom, one bathroom unit of about 559 square feet, and a spacious two bedroom, two bathroom unit measuring roughly 1,114 square feet. The roof was replaced in 2015, and while the 1/1 units boast polished terrazzo flooring, the 2/2 unit features durable concrete flooring. Additional upgrades include some impact windows, new plumbing and waste lines in the 2/2 unit, and brand new mini split A/C and heating units in all units. Although the property did sustain flooding during recent hurricanes, it offers a blank slate for investors to reimagine the interior design. The dock could be rented for an additional $500 per month. The seller has a no substantial damage letter from the City of Madeira Beach so the home can get an interior repair permit and does not need to be demolished per FEMA's 50% rule. Zoned R2 with a three month minimum lease requirement, this triplex is within a couple of blocks of John's Pass Village and Boardwalk, where you can enjoy an array of restaurants, breweries, nightlife, and more.
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  •   HOA Fees $
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Awning(s), Sidewalk
  • Flooring: Concrete, Terrazzo
  • Living Area: 2082.00
  • Roof: Shingle
School Information
  • High School: Seminole High-PN
  • Middle School: Seminole Middle-PN
  • School Elementary: Orange Grove Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Mini-Split Unit(s)
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Microwave
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Primary Bedroom Main Floor
  • Legal Description: WILLIAM'S, BILL MADEIRA HARBOR SUB 3RD ADD BLK 2, LOT 6
  • Area Major: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • Parcel Number: 15-31-15-97866-002-0060
  • View: Water
  • Views: 229
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Nearby Subdivisions
Gulf Shores 1st Add   Gulf Shores 3rd Add   Gulf Shores 3rd Add Rep   Gulf Shores 5th Add   Gulf Shores 6th Add Rep   Gulf Shores Harbor Sub   Mitchells Beach Rev   North Madeira Shores   Pages Rep Of Mitchells Beach   Redingtons Rev   Snug Harbor Sub   Sunny Shores   Williams Bill Madeira Harbor S  

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Headshot for Associate Frank Filippelli
  1. Frank Filippelli, Broker,CDPE,CRS,REALTOR ®
  2. Southern Realty Ent. Inc.
  3. Quality Service for Quality Clients
  4. Mobile: 407.448.1042
  5. frank4074481042@gmail.com