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14204 Parsley Drive
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PRICED AT ONLY: $455,000

Address: 14204 Parsley Drive, MADEIRA BEACH, FL 33708

Description

Short Sale. Madeira Beach Multifamily Investment Lot 14204 E Parsley Drive An exceptional opportunity for builders and investors to capitalize on Madeira Beachs thriving coastal real estate market. The lot currently hosts a flood damaged duplex that, under FEMAs 50% Rule, must be demolished, making this a prime site for new construction multifamily development. With options to build luxury duplex or triplex residences, the property offers multiple exit strategies: hold as long term rentals, operate as income producing seasonal units, or design vacation rentals for short term stays (minimums apply). Located directly across from an undeveloped parking lot, the site enjoys clear, protected Intracoastal Waterway views that will set any new build apart in this competitive market. Just blocks from Madeira Beachs award winning shoreline, Johns Pass Village & Boardwalk, ROC Park, waterfront dining, and boating amenities, this address guarantees consistent rental demand and lifestyle appeal. Future residents or guests will enjoy quick access to Treasure Island, Indian Rocks, Seminole shopping corridors, and downtown St. Petes cultural attractions, with two international airports less than 40 minutes away. Investors benefit from strong appreciation, short supply of buildable lots, and the ability to deliver a turnkey income property in a highly sought after Gulf Coast location.

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Shortsale
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  • MLS#: TB8430496 ( Land )
  • Street Address: 14204 Parsley Drive
  • Viewed: 13
  • Price: $455,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 115

Description

Short Sale. Madeira Beach Multifamily Investment Lot 14204 E Parsley Drive An exceptional opportunity for builders and investors to capitalize on Madeira Beachs thriving coastal real estate market. The lot currently hosts a flood damaged duplex that, under FEMAs 50% Rule, must be demolished, making this a prime site for new construction multifamily development. With options to build luxury duplex or triplex residences, the property offers multiple exit strategies: hold as long term rentals, operate as income producing seasonal units, or design vacation rentals for short term stays (minimums apply). Located directly across from an undeveloped parking lot, the site enjoys clear, protected Intracoastal Waterway views that will set any new build apart in this competitive market. Just blocks from Madeira Beachs award winning shoreline, Johns Pass Village & Boardwalk, ROC Park, waterfront dining, and boating amenities, this address guarantees consistent rental demand and lifestyle appeal. Future residents or guests will enjoy quick access to Treasure Island, Indian Rocks, Seminole shopping corridors, and downtown St. Petes cultural attractions, with two international airports less than 40 minutes away. Investors benefit from strong appreciation, short supply of buildable lots, and the ability to deliver a turnkey income property in a highly sought after Gulf Coast location.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: City Limits, In County, Near Marina, Paved
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
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Sewer Connected, Water Connected
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
  • Country: US
  • Current Use: Multi Family
  • Legal Description: GULF SHORES 6TH ADD REPLAT BLK X, LOT 3
  • Area Major: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • Parcel Number: 10-31-15-34470-024-0030
  • Possession: Close Of Escrow
  • Views: 13
Nearby Subdivisions
Bay Point Estates   Crystal Island   Gulf Shores 1st Add   Gulf Shores 5th Add   Gulf Shores 6th Add Rep   Gulf Shores Sub   Island Estates   Lone Palm Beach 5th Add   Madeira Manor   Madeira Shores 1st Add   Mitchells Beach Rev   North Madeira Shores   Pages Rep Of Mitchells Beach   Sunny Shores   Williams Bill Madeira Harbor S  
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