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12924 Gulf Boulevard 502
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PRICED AT ONLY: $749,000

Address: 12924 Gulf Boulevard 502, MADEIRA BEACH, FL 33708

Description

Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizonsthis top floor beachfront penthouse is where the Florida dream becomes reality. Welcome to 12924 Gulf Blvd #502, perched high above the sugar sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether youre searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front. From the moment you step inside, your eyes are drawn to sweeping, unobstructed views of the Gulf. The open concept living space is filled with natural light and framed by hurricane impact windows, creating a bright, airy atmosphere that feels both relaxed and refined. The updated kitchen features custom wood cabinetry, quartz countertops, and stainless steel appliances, perfectly positioned for effortless entertaining or quiet evenings after a day at the beach. The one bedroom, one bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and dcortruly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort style amenities including a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storageall just steps from the sand. This property shines not only as a lifestyle purchase, but as a high performing investment. Zoned for short term rentals with no restrictions on owner use, the unit generated $73,000 in rental income in 2024 (despite storm related booking disruptions) and $71,000 in 2025, making it a standout opportunity in a highly desirable market. Peace of mind comes standard here. The building has completed all required structural integrity inspections and reserve studies, boasts fully funded reserves, and has undergone significant recent improvements including upgraded balconies, resurfaced pool and parking lot, and a backup generatorrare and valuable features for a beachfront condominium. Location elevates everything. Situated directly on the beach and just steps from Johns Pass Village & Boardwalk, youll enjoy unmatched walkability to waterfront restaurants, boutique shops, fishing charters, boat rentals, dolphin tours, and live entertainment. St. Pete, Clearwater Beach, and Tampa are all an easy drive away, keeping this condo in constant demand with visitors year round. This is more than a condoits a proven income producing beachfront penthouse in one of Floridas most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself.

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  • MLS#: TB8473441 ( Residential )
  • Street Address: 12924 Gulf Boulevard 502
  • Viewed: 8
  • Price: $749,000
  • Price sqft: $866
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf/Ocean
  • Year Built: 1979
  • Bldg sqft: 865
  • Bedrooms: 1
  • Total Baths: 1
  • Full Baths: 1
  • Days On Market: 25

Description

Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizonsthis top floor beachfront penthouse is where the Florida dream becomes reality. Welcome to 12924 Gulf Blvd #502, perched high above the sugar sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether youre searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front. From the moment you step inside, your eyes are drawn to sweeping, unobstructed views of the Gulf. The open concept living space is filled with natural light and framed by hurricane impact windows, creating a bright, airy atmosphere that feels both relaxed and refined. The updated kitchen features custom wood cabinetry, quartz countertops, and stainless steel appliances, perfectly positioned for effortless entertaining or quiet evenings after a day at the beach. The one bedroom, one bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and dcortruly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort style amenities including a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storageall just steps from the sand. This property shines not only as a lifestyle purchase, but as a high performing investment. Zoned for short term rentals with no restrictions on owner use, the unit generated $73,000 in rental income in 2024 (despite storm related booking disruptions) and $71,000 in 2025, making it a standout opportunity in a highly desirable market. Peace of mind comes standard here. The building has completed all required structural integrity inspections and reserve studies, boasts fully funded reserves, and has undergone significant recent improvements including upgraded balconies, resurfaced pool and parking lot, and a backup generatorrare and valuable features for a beachfront condominium. Location elevates everything. Situated directly on the beach and just steps from Johns Pass Village & Boardwalk, youll enjoy unmatched walkability to waterfront restaurants, boutique shops, fishing charters, boat rentals, dolphin tours, and live entertainment. St. Pete, Clearwater Beach, and Tampa are all an easy drive away, keeping this condo in constant demand with visitors year round. This is more than a condoits a proven income producing beachfront penthouse in one of Floridas most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Outdoor Grill, Sliding Doors
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
  • Living Area: 865.00
  • Roof: Membrane
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water
  • 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: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Country: US
  • Furnished: Furnished
  • Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Legal Description: SANDY SHORES CONDO UNIT 502 TOGETHER WITH THE USE OF PARKING SPACE 65 AKA 502
  • Levels: One
  • Area Major: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • Occupant Type: Tenant
  • Parcel Number: 15-31-15-78644-000-5020
  • Unit Number: 502
Nearby Subdivisions
Arie Dam Condo   Bellarte On The Gulf Condo Res   Boca Vista Condominum   Chambre The Condo   Collwood The Condo   Columbia Towers Condo   Gulf Shores 2nd Add   Harbor At Town Center Condo   Las Brisas Of Madeira Condo   Lone Palm Beach Condo   Madeira Beach Yacht Club Condo   Madeira Cove Condo   Madeira Del Mar Condo   Madeira Place Condo   Madeira Sands Condo   Madeira Towers Condo   Ocean Sands One Condo   Ocean Sands Two   Ocean Sands Two Condo   Residences At Town Center Cond   Sandy Shores Condo   Sea Breeze Of Madeira Condo   Shores Of Madeira Condo   Skyline Of Madeira Condo   Snug Harbour Condo   Surfside South Condo   Surfside Tower Condo   The Residences At Town Center   Trillium Condo The   Villa Madeira Condo  
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