$460,000
SOLD MAY 12, 2025

24 Lynn Way Madeira Beach, FL 33708

3 Beds
3 Baths
1,516 Sq Ft
7,693 Sq Ft Lot

Recently Sold

$303 Per Sq Ft

3% Below List Price

281 Days on Market

Highlights

  • Open Floorplan
  • Stone Countertops
  • Front Porch
  • Orange Grove Elementary School Rated A
  • No HOA
  • Solid Wood Cabinet

About This Home

As of May 2025

Triplex Opportunity in Prime Madeira Beach Location!This property was previously remodeled but was recently affected by Hurricane Helene, and unfortunately, everything has been lost. The sellers are offering it as-is at an incredible price, making it a rare opportunity for buyers to either rebuild or completely customize.Property Details: • Layout: 1,516 SF with three 1-bedroom, 1-bath units. • Garage & Laundry: Includes a 1-car garage and coin-operated laundry.Prime Location: • Just a 10-12 minute walk to Madeira Beach. • Close to John’s Pass Village, Elks Lodge, Town Center Marina, restaurants, bars, and Madeira Beach ROC.The property had undergone extensive modern updates in 2024, including new windows, ceramic tile flooring, stylish kitchens with granite countertops, stainless appliances, remodeled bathrooms, new doors, light fixtures, and AC units—all just a year old. Freshly painted inside and out, these features may still be salvageable, giving new owners the option to incorporate them into their restoration plans.Whether you choose to restore or start fresh, this property offers a fantastic location near the beach and endless potential. Contact us today for more details!

Last Agent to Sell the Property

Maria Crespo

EXP REALTY LLC Brokerage Phone: 727-224-1234 License #3259788 Listed on: 07/26/2024

EXP REALTY LLC

Last Buyer's Agent

Maria Crespo

EXP REALTY LLC Brokerage Phone: 727-224-1234 License #3259788 Listed on: 07/26/2024

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,526

Year Built

  • Built in 1948

Lot Details

  • 7,693 Sq Ft Lot
  • Lot Dimensions are 71x108
  • Garden

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,516 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 1,966 Sq Ft Building
  • Gulf Shores 6Th Add Rep Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,526

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1516
  • Lot Size Acres: 0.18
  • New Construction: No
  • Year Built: 1948
  • Building Area Total: 1966
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 7693
  • Directions to Property: From Gulf Blvd head east on 140th Ave to north (left) on Marguerite Drive to east (right) on Lynn Way, property on left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Seminole
  • Escrow Postal Code: 33772
  • Escrow State: FL
  • Escrow Street Name: Park Blvd N #10
  • Escrow Street Number: 10863
  • List Office Head Office Key Nume: 1041803
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 303.43
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 727-224-1234
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fans(s), Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 24
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 140.84

Exterior Features

  • Exterior Features: Garden, Lighting
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Patio
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Off Street

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric, Ductless
  • Laundry Features: In Garage, Laundry Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Lot Info

  • Parcel Number: 10-31-15-34470-024-0050
  • Additional Parcels: No
  • Lot Dimensions: 71x108
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 715

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 2500
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: City of Madeira Beach 727-391-9951
  • Terms Of Lease: Gross Lease

Multi Family

  • Number Of Units Total: 3
  • Total Num Buildings: 1
  • Unit Count: 1
  • Est Annual Market Income: 108000.00

Tax Info

  • Tax Annual Amount: 7526
  • Tax Block: X
  • Tax Book Number: 22-120
  • Tax Lot: 5

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
05/12/2025 05/12/25 Sold $460,000 -3.2% $303 / Sq Ft
05/04/2025 05/04/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $475,000 0.0% $313 / Sq Ft
04/06/2025 04/06/25 Pending -- -- --
03/25/2025 03/25/25 Price Changed $475,000 -3.1% $313 / Sq Ft
02/28/2025 02/28/25 Price Changed $490,000 -2.0% $323 / Sq Ft
02/14/2025 02/14/25 For Sale $500,000 0.0% $330 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
11/23/2024 11/23/24 Price Changed $500,000 0.0% $330 / Sq Ft
11/23/2024 11/23/24 For Sale $500,000 +8.7% $330 / Sq Ft
10/01/2024 10/01/24 Off Market $460,000 -- --
09/18/2024 09/18/24 Price Changed $749,900 -3.2% $495 / Sq Ft
09/02/2024 09/02/24 Price Changed $775,000 -2.5% $511 / Sq Ft
08/22/2024 08/22/24 Price Changed $795,000 -3.6% $524 / Sq Ft
08/08/2024 08/08/24 Price Changed $825,000 -2.9% $544 / Sq Ft
07/26/2024 07/26/24 For Sale $849,900 +107.3% $561 / Sq Ft
08/10/2020 08/10/20 Sold $410,000 -4.4% $270 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $429,000 0.0% $283 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
03/23/2020 03/23/20 Price Changed $429,000 -4.5% $283 / Sq Ft
03/05/2020 03/05/20 For Sale $449,000 -- $296 / 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: U8251467

Stellar MLS