NOT LISTED FOR SALE

503 140th Ave E Madeira Beach, FL 33708

Estimated Value: $241,000 - $267,000

2 Beds
2 Baths
828 Sq Ft
$306/Sq Ft Est. Value

Last Sold December 30, 2024

Last sale price $275,000 $332 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,795/month

6 Days on Market

Highlights

  • Florida Architecture
  • No HOA
  • Living Room
  • Orange Grove Elementary School Rated A
  • 2 Car Attached Garage
  • Outdoor Storage

About This Home

As of December 2024

This duplex property, located less than a quarter-mile walk from the beach, offers an exceptional opportunity for redevelopment. Damaged by recent hurricanes, the structure is being sold as-is, with no remediation performed. The seller makes no representation about the building's condition or salvageability. The buyer will assume responsibility for either demolishing and removing the structure or undertaking repairs after closing. Features include: Land value sale in a prime coastal location. The potential to rebuild as an income-generating property or design a single-family home. And an adjacent property available for purchase, offering the chance to combine lots for a larger home or expanded rental opportunity. Whether you're looking to develop a new home or maximize rental income potential, this property provides a blank canvas in an unbeatable location close to the beach. Seize this opportunity to create your vision of coastal living or investment.

Last Agent to Sell the Property

Amanda Baldwin

COMPASS FLORIDA LLC Brokerage Phone: 727-339-7902 License #3278652 Listed on: 12/05/2024

COMPASS FLORIDA LLC

Last Buyer's Agent

Steven Kansagor

BLAKE REAL ESTATE INC License #3021915

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,090

Year Built

  • Built in 1945

Lot Details

  • 5,332 Sq Ft Lot
  • Lot Dimensions are 47x100
  • Northwest Facing Home

Parking

  • 2 Car Attached Garage

Home Design

  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 828 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Laundry in Garage

Flooring

  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage

Utilities

  • Ductless Heating Or Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Gulf Shores 5Th Add Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,090

Year Built

Built in 1945

Lot Details

5,332 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 828
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1945
  • Building Area Total: 1462
  • Lot Size Sq Ft: 5332
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 135.82
  • Escrow City: Indian Shores
  • Escrow State: FL
  • Escrow Street Name: Gulf Blvd
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 332.13
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 727-339-7902
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl, Other
  • Full Bathrooms: 2
  • Interior Amenities: Ninguno
  • Appliances Included: None
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Living Area Meters: 76.92

Exterior Features

  • Direction Faces: Northwest
  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12103C0191H

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Ductless
  • Heating: Ductless
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

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

Lot Info

  • Parcel Number: 10-31-15-34398-020-0040
  • Additional Parcels: No
  • Lot Dimensions: 47x100
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Verify with local municipality.

Tax Info

  • Tax Annual Amount: 5089.59
  • Tax Block: T
  • Tax Book Number: 23-67
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2024
Closed on
Dec 30, 2024
Sold by
Prior Donald S
Bought by
Rinas Holdings Corp
Seller's Agent
Amanda Baldwin
COMPASS FLORIDA LLC
Buyer's Agent
Steven Kansagor
BLAKE REAL ESTATE INC
List Price
$300,000
Sold Price
$275,000
Premium/Discount to List
-$25,000
-8.33%
Views
5
Current Estimated Value
$253,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,996
Avg. Annual Appreciation
-6.55%

Purchase Details

Listed on
Mar 11, 2019
Closed on
Mar 11, 2019
Sold by
Cassity Loretta and Cassity Loretta
Bought by
Prior Donald S
Seller's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
Buyer's Agent
Chuck Oldanie
COLDWELL BANKER PICKETT FENCES REALTY
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.32%
Original Mortgage
$195,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rinas Holdings Corp $275,000 Title Agency Of Florida
Rinas Holdings Corp $275,000 Title Agency Of Florida
Prior Donald S $270,000 Title Agency Of Florida
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prior Donald S $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2024 12/30/24 Sold $275,000 -8.3% $332 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $300,000 +11.1% $362 / Sq Ft
03/11/2019 03/11/19 Sold $270,000 0.0% $326 / Sq Ft View Prior Sale
03/11/2019 03/11/19 For Sale $270,000 -- $326 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
Source: Stellar MLS

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
2025 $5,567 $231,510 $231,425 $85
2024 $5,090 $410,000 $318,521 $91,479
2023 $5,090 $360,000 $307,945 $52,055
2022 $4,675 $330,000 $291,561 $38,439
2021 $4,093 $239,100 $0 $0
2020 $4,032 $231,966 $0 $0
2019 $2,797 $187,446 $151,703 $35,743
2018 $2,512 $172,447 $0 $0
2017 $2,240 $143,981 $0 $0
2016 $2,034 $125,035 $0 $0
2015 $1,835 $105,241 $0 $0
2014 $1,614 $90,155 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: TB8327343

Stellar MLS

APN: 10-31-15-34398-020-0040

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