12924 Gulf Blvd Unit 502 Madeira Beach, FL 33708
Estimated payment $5,662/month
Total Views
7,403
1
Bed
1
Bath
865
Sq Ft
$877
Price per Sq Ft
Highlights
- Property fronts gulf or ocean
- 0.92 Acre Lot
- Stone Countertops
- Orange Grove Elementary School Rated A
- Open Floorplan
- 2-minute walk to John's Pass Park
About This Home
Whether you're looking for a dream vacation home or a profitable investment property, this condo delivers. INCOME PRODUCING Short-term rentals are allowed, and IN 2024, THIS UNIT GENERATED $73,662 IN RENTAL INCOME—despite limited bookings following the storms. IN THE FIRST SIX MONTHS OF 2025 (January - June), YTD RENTAL INCOME TOTALED $43,916. Makes for an excellent 1031 EXCHANGE OPPORTUNITY.
Welcome to beachfront living at Sandy Shores Condominiums, where the Gulf of Mexico is your backyard, and the possibilities for both relaxation and investment are endless. This beautifully updated TOP FLOOR PENTHOUSE is one-bedroom, one-bath condo and perfectly positioned directly on the sand, offering breathtaking Gulf views and stunning sunsets that make every evening unforgettable. Step inside to discover an open floor plan designed for both comfort and functionality. The living area and kitchen blend seamlessly, creating the perfect space to relax or entertain while taking in the spectacular views of the Gulf. The updated kitchen features custom wood cabinets, sleek quartz countertops, and stainless steel appliances, offering a modern, coastal-chic aesthetic. Hurricane impact windows enhance both safety and serenity, allowing you to fully enjoy the peaceful sounds of the waves and the salty ocean breeze. To make ownership effortless, this unit is being sold fully furnished, including dishes, silverware, linens, bedding, and everything needed to accommodate future rental guests, with only a few pictures and personal mementos excluded.
Beyond the condo itself, Sandy Shores Condominiums offers a variety of desirable amenities to enhance the beachfront lifestyle. Spend your days lounging by the heated pool overlooking the beach, host a cookout in the outdoor grilling area, enjoy dining beneath the tiki hut, or take advantage of the bicycle storage for scenic rides along the coast. Just across the street, John’s Pass Village & Boardwalk provides endless entertainment, featuring waterfront restaurants, boutique shops, fishing charters, dolphin-watching tours, and water activities like boat rentals and parasailing. The prime location also offers easy access to St. Petersburg, Tampa, and world-famous Clearwater Beach, making this an exceptional spot for vacationers and full-time residents alike. For added peace of mind, Sandy Shores has completed all required structural integrity inspections and reserve studies. Recent community improvements to the roof, balconies, a new emergency generator, and resurfacing of the pool and parking lot, ensuring the property remains in excellent condition for years to come. And the RESERVES ARE FULLY FUNDED. Take a walk through the virtual tour at
With its prime beachfront location, strong rental history, and no restrictions on owner use, this condo presents an incredible opportunity—whether you’re looking for an investment, a personal getaway, or both. Don’t miss the chance to own a piece of paradise. Schedule your private showing today and make this your next home!
Listing Agent
NEXTHOME GULF COAST Brokerage Phone: 727-282-5151 License #3148948 Listed on: 03/25/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,515
Year Built
- Built in 1979
Lot Details
- Property fronts gulf or ocean
- East Facing Home
HOA Fees
- $796 Monthly HOA Fees
Home Design
- Pillar, Post or Pier Foundation
- Membrane Roofing
- Concrete Siding
- Concrete Perimeter Foundation
Interior Spaces
- 865 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Crown Molding
- Ceiling Fan
- Window Treatments
- Sliding Doors
- Living Room
- Full Gulf or Ocean Views
Kitchen
- Dinette
- Range
- Microwave
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 1 Bedroom
- Walk-In Closet
- 1 Full Bathroom
Home Security
Outdoor Features
- Water access To Gulf or Ocean
- Balcony
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 502
- Assessor Parcel Number 15-31-15-78644-000-5020
Community Details
Overview
- Association fees include common area taxes, pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, pest control, sewer, trash, water
- Sandy Shores Condo Subdivision
Recreation
- Recreation Facilities
- Community Pool
Pet Policy
- 1 Pet Allowed
- Small pets allowed
Additional Features
- Elevator
- Storm Windows
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,356 | $592,600 | -- | $592,600 |
| 2023 | $8,356 | $615,335 | $0 | $615,335 |
| 2022 | $7,258 | $494,014 | $0 | $494,014 |
| 2021 | $6,519 | $380,856 | $0 | $0 |
| 2020 | $5,971 | $372,976 | $0 | $0 |
| 2019 | $5,205 | $296,573 | $0 | $296,573 |
| 2018 | $4,784 | $282,275 | $0 | $0 |
| 2017 | $4,555 | $275,029 | $0 | $0 |
| 2016 | $4,060 | $228,507 | $0 | $0 |
| 2015 | $3,725 | $204,466 | $0 | $0 |
| 2014 | $3,583 | $198,020 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Price Changed | $759,000 | -0.8% | $877 / Sq Ft |
| 03/25/2025 03/25/25 | For Sale | $765,000 | +59.4% | $884 / Sq Ft |
| 04/06/2020 04/06/20 | Sold | $480,000 | -10.3% | $555 / Sq Ft |
| 02/19/2020 02/19/20 | Pending | -- | -- | -- |
| 02/10/2020 02/10/20 | For Sale | $534,900 | -- | $618 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $480,000 | Seminole Title Company | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $105,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $290,000 | No Value Available |
Source: Public Records
Similar Homes in Madeira Beach, FL
Source: Stellar MLS
MLS Number: TB8364902
APN: 15-31-15-78644-000-5020
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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