$934,000
SOLD JAN 31, 2025

117 140th Ave E Madeira Beach, FL 33708

6 Beds
4 Baths
2,806 Sq Ft
5,271 Sq Ft Lot

Recently Sold

$333 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • 115 Feet of Waterfront
  • Access To Intracoastal Waterway
  • No HOA
  • Orange Grove Elementary School Rated A
  • Intracoastal View
  • 2-minute walk to Tom and Kitty Stuart Park

About This Home

As of January 2025

Great Investment Opportunity,. less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.

Last Agent to Sell the Property

Michael Wyckoff

ENGEL & VOLKERS MADEIRA BEACH Brokerage Phone: 727-394-7365 License #3006024 Listed on: 12/20/2024

ENGEL & VOLKERS MADEIRA BEACH

Co-Listed By

Ineta Kalnina

ENGEL & VOLKERS MADEIRA BEACH Brokerage Phone: 727-394-7365 License #3351610

Last Buyer's Agent

Monika Krolivcova

FUTURE HOME REALTY INC License #3328528

FUTURE HOME REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,250

Year Built

  • Built in 1971

Lot Details

  • 5,271 Sq Ft Lot
  • 115 Feet of Waterfront
  • 58 Feet of Salt Water Canal Waterfront
  • 57 Feet of Intracoastal Waterfront
  • Property fronts an intracoastal waterway
  • Property fronts a saltwater canal

Property Views

  • Intracoastal
  • Canal

Home Design

  • Quadruplex
  • Bi-Level Home
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 2,806 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Pad
  • Driveway

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Saltwater Canal
  • Seawall
  • No Wake Zone
  • Balcony
  • Rear Porch

Schools

  • Orange Grove Elementary School
  • Seminole Middle School
  • Seminole High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3,208 Sq Ft Building
  • Gulf Shores 3Rd Add Rep Subdivision

Building Details

  • 4 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,250

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2806
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1971
  • Building Area Total: 3208
  • Lot Size Sq Ft: 5271
  • Tenant Pays: Electricity
  • Directions to Property: Going N on Gulf Blvd, right on 140th Ave E, Property will be on your right.
  • Status: Sold
  • Street Post Direction: E
  • Co List Office Mls Id: MFR283504628
  • Co List Office Phone: 727-394-7365
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Clearwater
  • Escrow Postal Code: 33759
  • Escrow State: FL
  • Escrow Street Name: Gulf to Bay Blvd, Suite 601
  • Escrow Street Number: 3000
  • List Office Head Office Key Nume: 1048177
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 332.86
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_DockYN: 0
  • Attribution Contact: 727-394-7365
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: Two
  • Street Number Modifier: 117
  • Living Area Meters: 260.69

Exterior Features

  • Exterior Features: Balcony
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: BOCA CIEGA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Rear Porch
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater,Intracoastal Waterway
  • Water Extras: No Wake Zone,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 58
  • Water View: Canal,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 115
  • Flood Zone Date: 2021-08-24
  • Flood Zone Panel: 12103C0191H
  • Water Frontage Feet ICW: 57

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, Parking Pad

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Orange Grove Elementary-PN
  • High School: Seminole High-PN
  • Middle Or Junior School: Seminole Middle-PN

Lot Info

  • Parcel Number: 10-31-15-34362-014-0030
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Lot Size Square Meters: 490

Green Features

  • Green Verification Count: 0

Rental Info

  • Total Actual Rent: 8260
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Verify lease restrictions with City of Madeira Beach
  • Terms Of Lease: Gross Lease

Multi Family

  • Number Of Units Total: 4
  • Waterfront Features: Canal - Saltwater, Intracoastal Waterway
  • Number Of Separate Electric Meters: 4
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 17250
  • Tax Block: 014
  • Tax Book Number: 21-32
  • Tax Lot: 3

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $934,000 -1.7% $333 / Sq Ft
12/26/2024 12/26/24 Pending -- -- --
12/20/2024 12/20/24 For Sale $950,000 -21.8% $339 / Sq Ft
09/02/2021 09/02/21 Sold $1,215,000 -4.7% $433 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
05/25/2021 05/25/21 Price Changed $1,275,000 -5.2% $454 / Sq Ft
04/30/2021 04/30/21 Price Changed $1,345,000 -3.9% $479 / Sq Ft
04/22/2021 04/22/21 For Sale $1,399,999 +95.8% $499 / Sq Ft
07/06/2018 07/06/18 Sold $715,000 -10.5% $255 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
02/22/2018 02/22/18 Price Changed $799,000 -6.0% $285 / Sq Ft
12/04/2017 12/04/17 Price Changed $849,900 -5.6% $303 / Sq Ft
10/09/2017 10/09/17 For Sale $899,900 -- $321 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: TB8331177

Stellar MLS