14135 PALM STREET, MADEIRA BEACH, FL 33708

Description of 14135 PALM STREET, MADEIRA BEACH, FL 33708

Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida?s Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

Property Details for 14135 PALM STREET, MADEIRA BEACH, FL 33708

Interior Features

Other

Appliances

Built-In Oven, Electric Water Heater, Range, Refrigerator

Flooring

Epoxy

Heating

Central

Cooling

Central Air

Furnished

Partially

Parking Features

Common, Parking Pad, Tandem

Pool Private

No

Property Condition

Completed

Building Information for 14135 PALM STREET, MADEIRA BEACH, FL 33708

Building Area Total

3004

Building Area Units

Square Feet

Association

No

Pets Allowed

Yes

Property Information for 14135 PALM STREET, MADEIRA BEACH, FL 33708

Lot Features

FloodZone, City Lot, Near Public Transit

Lot Size Square Feet

5,031

Waterfront

No

View

City

Construction Materials

Block

Roof

Built-Up

Exterior Features

Courtyard, Lighting

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 14135 PALM STREET, MADEIRA BEACH, FL 33708

Parcel Number

103115343260060040

Tax Annual Amount

$8,109

Tax Year

2025

Tax Legal Description

GULF SHORES 1ST ADD BLK F, LOT 4 & NW'LY 10FT OF LOT 5

County Or Parish

Pinellas

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