509 129TH AVENUE E, MADEIRA BEACH FL 33708

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$1,088,000

509 129TH AVENUE E, MADEIRA BEACH, FL 33708

bedrooms

bathrooms

square feet

2,082

Acreage

0.14

Open Houses

year built

1963

Full Baths

Half Baths

Find out more

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.

Location
Subdivision	WILLIAMS BILL MADEIRA HARBOR SUB 3RD ADD
County	Pinellas
Elementary School	Orange Grove Elementary-PN
Middle School	Seminole Middle-PN
High School	Seminole High-PN

Driving directions

Open houses

None scheduled.

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MLS number: TB8340387

Listing agent: Sylvia Haddad #702300

Listing broker: Redfin Corporation (813) 534-4409

Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, February 4 2025 at 8:06 p.m. EST

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