13388 1ST STREET E, MADEIRA BEACH, FL 33708

Description of 13388 1ST STREET E, MADEIRA BEACH, FL 33708

Income-Producing Coastal Triplex – One Block from Madeira Beach Rare opportunity to own a fully renovated, income-producing triplex just one block from the Gulf beaches in desirable Madeira Beach. Two of the three units are currently leased, generating $3,600 per month in rental income, with the third unit available to lease, occupy, or use as a seasonal residence—offering immediate cash flow with additional upside. The property features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, making it an ideal investment for seasonal residents, traveling professionals, or those seeking extended beach stays. The area is well suited for 90-day+ seasonal rentals, providing strong demand while minimizing the turnover associated with STR rentals. Property Highlights Income-producing property with two leased units generating $3,600/month Opportunity to lease the third unit and achieve projected rental income of $6,000+ per month ($72,000+ annually) One block from Madeira Beach Approximately a 5-minute walk to John’s Pass Village, restaurants, shops, and marina Multifamily zoning with potential for duplex through quadplex development (buyer to verify all zoning and redevelopment opportunities) New HVAC systems and water heaters Updated kitchens, bathrooms, flooring, and fixtures Turnkey, low-maintenance condition Located in a high-demand beachside area with excellent long-term appreciation and rental potential Whether you’re an investor seeking immediate cash flow, a buyer looking to maximize rental income, or a house hacker wanting to live in one unit while the others generate income, this renovated beachside triplex provides a rare combination of location, flexibility, and long-term value.

Property Details for 13388 1ST STREET E, MADEIRA BEACH, FL 33708

Interior Features

Thermostat

Heating

Electric

Cooling

Mini-Split Unit(s)

Pool Private

No

Building Information for 13388 1ST STREET E, MADEIRA BEACH, FL 33708

Building Area Units

Square Feet

Association

No

Property Information for 13388 1ST STREET E, MADEIRA BEACH, FL 33708

Lot Size Square Feet

4,060

Waterfront

No

View

No

Construction Materials

Block, Stucco

Roof

Shingle

Exterior Features

Balcony, Sidewalk, Storage

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 13388 1ST STREET E, MADEIRA BEACH, FL 33708

Parcel Number

153115583200110120

Tax Annual Amount

$4,805

Tax Year

2025

Tax Legal Description

MITCHELL'S BEACH REVISED BLK 11, LOT 12

County Or Parish

Pinellas

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