PENDING
$10K PRICE DROP
14067 Marguerite Dr Madeira Beach, FL 33708
Estimated payment $2,321/month
Total Views
6,942
2
Beds
2
Baths
1,008
Sq Ft
$325
Price per Sq Ft
Highlights
- Open Floorplan
- No HOA
- Ceiling Fan
- Orange Grove Elementary School Rated A
- Accessible Approach with Ramp
- Heating Available
About This Home
Under contract-accepting backup offers. Investor's Dream in Madeira Beach - This oversized 6,451 sq ft lot (73 x 99) is located just one block from the beach in one of the most desirable areas of Madeira Beach. Zoned R-2, this parcel offers the rare opportunity to build a full duplex, making it ideal for both personal use and income generation. The existing structure is a 1,008 sq ft duplex built in 1948, ready for restoration or complete redevelopment.
The property experienced its first-ever flood in recorded history, which now presents a unique clean-slate opportunity. All utilities — electric, water, and sewer — are already connected, saving time and development costs. The 2024 assessed land value is $498,826, highlighting the high appreciation and long-term equity potential in this location.
What makes this property truly special is the deep and wide lot with space for multiple parking spots, a guest house, or lush outdoor living. The front exposure is wide and sunny, and the deep backyard has enough room for a tropical garden — complete with an established coconut palm already growing on the property.
Zoning allows for a minimum rental period of 3 months, making this an ideal opportunity to cater to Snowbirds — seasonal residents looking to spend the winter months in paradise. This setup provides a fantastic opportunity for reliable rental income, potentially covering all ownership expenses while the value of the land continues to grow.
Surrounded by A-rated schools, such as Orange Grove Elementary and Madeira Beach Fundamental K-8, and just minutes from the restaurants, nightlife, and charm of Gulf Boulevard, this property is perfect for a family home, vacation rental, or long-term investment.
Cash buyers only. This isn’t just a lot — it’s a canvas for your vision, a base for future returns, and a place full of light, space, and possibility.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,305
Year Built
- Built in 1948
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,008 Sq Ft Home
- Open Floorplan
- Ceiling Fan
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Cable TV Available
Additional Features
- Accessible Approach with Ramp
- Exterior Lighting
- 6,451 Sq Ft Lot
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 4 / W
- Assessor Parcel Number 10-31-15-34452-231-0040
Community Details
Overview
- No Home Owners Association
- 2 Units
- Gulf Shores 6Th Add Rep Subdivision
Pet Policy
- Pets Allowed
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | Pending | -- | -- | -- |
| 06/11/2025 06/11/25 | Price Changed | $328,000 | -3.0% | $325 / Sq Ft |
| 05/07/2025 05/07/25 | For Sale | $338,000 | +87.8% | $335 / Sq Ft |
| 07/05/2018 07/05/18 | Sold | $180,000 | -7.7% | $179 / Sq Ft |
| 03/28/2018 03/28/18 | Pending | -- | -- | -- |
| 02/27/2018 02/27/18 | For Sale | $195,000 | -- | $193 / Sq Ft |
Source: Stellar MLS
Similar Homes in Madeira Beach, FL
Source: Stellar MLS
MLS Number: TB8383142
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
Nearby Homes
- 14140 E Parsley Dr
- 14085 W Parsley Dr
- 14050 W Parsley Dr
- 0 W Parsley Dr
- 14200 E Parsley Dr
- 14033 E Parsley Dr
- 14031 E Parsley Dr
- 14060 W Parsley Dr
- 14217 E Parsley Dr
- 709 Pruitt Dr
- 725 Sunset Cove
- 510 Marlyn Way
- 410 Virginia Ave
- 411 Virginia Ave
- 811 Bay Point Dr
- 14060 Miramar Ave
- 432 S Bayshore Dr
- 831 Bay Point Dr
- 440 S Bayshore Dr
- 833 Bay Point Dr