$410,000
SOLD JUN 12, 2025

13388 1st St E Madeira Beach, FL 33708

2 Beds
2 Baths
1,572 Sq Ft
4,060 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

6% Below List Price

24 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Laundry Room
  • Orange Grove Elementary School Rated A
  • Screened Patio
  • Outdoor Shower

About This Home

As of June 2025

Prime Investment Opportunity in Madeira Beach! Savvy investors, take note! This triplex, three Income-Producing Units, totaling 1,572 SqFt of Heated Living Space, featuring two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offers strong rental potential. While the property sustained damage from Hurricane Helene, it has been verified as not substantially damaged. With alley access, six (6) off-street parking spaces, and individually metered utilities, this property is well-positioned for a seamless rehab and rental setup. Located in very close proximity to the beach (safe, lit crossing less than a block away) and just minutes walk/bike from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. This incredible investment property at 13388 1st St E, Madeira Beach, FL, presents quite a unique opportunity—especially when coupled with the property next door to the south at 13378 1st St E. Imagine the potential of renovating and renting out three to five units awhile retaining and living in this highly sought-after beachside location, maximizing your rental income in one of the most desirable vacation destinations on the Gulf Coast! This is a Must-See Investment: Steps from the Beach – Prime location just minutes from the sand & surf. Rental Income Potential – Ideal for monthly or long-term rentals. Renovation Ready – Customize both properties to maximize value. High Demand Area – Madeira Beach is a hotspot for vacationers & renters. Walkable Location – John’s Pass Village & Boardwalk in Madeira Beach is a premier waterfront destination offering boating adventures, dolphin tours, deep-sea fishing, and watersports. Enjoy fresh seafood, waterfront dining, unique boutiques, and live entertainment, making it a lively hub for both locals and tourists. Owning a home/rental property near John’s Pass means embracing a true Florida lifestyle with endless recreation, stunning Gulf views steps away, and incredible investment potential! With the right vision, this investment could generate exceptional returns—whether you're looking to flip, hold, or create an unbeatable beach rental portfolio. Opportunities like this don’t last long—secure your piece of paradise today! Contact us for details on purchasing one or both properties and unlocking their full income potential!

Last Agent to Sell the Property

John Barkett, MAI

BARKETT REALTY Brokerage Phone: 727-388-9500 License #3274213 Listed on: 03/23/2025

Last Buyer's Agent

John Barkett, MAI

BARKETT REALTY Brokerage Phone: 727-388-9500 License #3274213 Listed on: 03/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,932

Year Built

  • Built in 1959

Lot Details

  • 4,060 Sq Ft Lot
  • Lot Dimensions are 41x104
  • Landscaped

Home Design

  • 1,572 Sq Ft Home
  • Triplex
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Concrete Perimeter Foundation
  • Stucco

Flooring

  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • Common or Shared Parking
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Screened Patio
  • Front Porch

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, trash collection, water
  • No Minimum Lease Term
  • Legal Lot and Block 12 / 11
  • Assessor Parcel Number 15-31-15-58320-011-0120

Community Details

Overview

  • No Home Owners Association
  • 1,699 Sq Ft Building
  • Mitchells Beach Rev Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters
  • Operating Expense $23,310
  • Gross Income $66,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,932

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Fixer
  • Property Sub Type: Triplex
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 1572
  • Lot Size Acres: 0.09
  • New Construction: No
  • Year Built: 1959
  • Building Area Total: 1699
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 4060
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 157.84
  • Escrow City: St. Petersburg
  • Escrow State: FL
  • Escrow Street Name: 9th St N
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 260.81
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 6
  • MFR_DockYN: 0
  • Attribution Contact: 727-388-9500
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Terrazzo
  • Interior Amenities: Ninguno
  • Foundation Details: Concrete Perimeter, Slab
  • Total Bedrooms: 2
  • Levels: One
  • Living Area Meters: 146.04

Exterior Features

  • Exterior Features: Other, Outdoor Shower
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Screened
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Guest, Off Street

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Available, Water - Multiple Meters
  • Cooling: Wall/Window Unit(s)
  • Heating: None, Ductless
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric,Internet,Water

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: As They Pertain to Local City and County Law. Buyer responsible to verify.

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: 15-31-15-58320-011-0120
  • Additional Parcels: No
  • Lot Features: Landscaped, Paved
  • Lot Dimensions: 41x104
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: As They Pertain to Local City and County Law. Buyer responsible to verify.
  • Terms Of Lease: Gross Lease

Multi Family

  • Gross Income: 66600
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Water Meters: 3
  • Total Num Buildings: 1
  • Unit Count: 2
  • Est Annual Market Income: 66600.00

Tax Info

  • Tax Annual Amount: 5931.53
  • Tax Block: 11
  • Tax Book Number: 3-54
  • Tax Lot: 12

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 List to Sale Price per Sq Ft
06/12/2025 06/12/25 Sold $410,000 -5.7% $261 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
03/23/2025 03/23/25 For Sale $435,000 -- $277 / 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: TB8355846

Stellar MLS