Seller's Agent in 2020
Lambdin Freeman
DICUS HARRISON REALTY
(727) 871-6286
5 in this area
85 Total Sales
505 129th Ave E Madeira Beach, FL 33708
Estimated Value: $1,367,000 - $1,994,000
Studio
4
Baths
4,314
Sq Ft
$387/Sq Ft
Est. Value
Highlights
- 50 Feet of Waterfront
- Access To Intracoastal Waterway
- No HOA
- Orange Grove Elementary School Rated A
- Intracoastal View
- 4-minute walk to John's Pass Park
About This Home
As of July 2020You can have it all, live in the updated owners unit and cash flow your 2nd home with the other three units! Live a waterfront lifestyle with dolphins playing in your own backyard, magnificent views while having unsurpassed gulf access for your boat. From here you walk to the beach without crossing the street. You have your own dock on the first canal returning from sea. Neighbors on this street walk to the restaurants and shops in John’s Pass Village. Excluding the owners unit, there is $56,000. annual income in place from the remaining -3- units. The present owners are snowbirds their private unit has never been rented. Whatever your motives, this one of a kind property has it all. The two first floor units have been renovated with high-end finishes, the upstairs units are well above average for rentals in this area. Roof has just been coated and has warranty until 2030!!!
Last Agent to Sell the Property
DICUS HARRISON REALTY License #3096641 Listed on: 11/20/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,356
Year Built
- Built in 1970
Lot Details
- 6,573 Sq Ft Lot
- Lot Dimensions are 50x132
- 50 Feet of Waterfront
- Property fronts a saltwater canal
Property Views
- Intracoastal
- Canal
Home Design
- Quadruplex
- Slab Foundation
- Built-Up Roof
- Block Exterior
- Stucco
Interior Spaces
- 4,314 Sq Ft Home
- Sliding Doors
- Laundry in unit
Outdoor Features
- Access To Intracoastal Waterway
- Seawall
- Open Dock
- Balcony
- Rain Gutters
Location
- Flood Insurance May Be Required
Schools
- Orange Grove Elementary School
- Seminole Middle School
- Seminole High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Mounted To A Wall or Window
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 8 / 2
- Assessor Parcel Number 15-31-15-97866-002-0080
Community Details
Overview
- No Home Owners Association
- 4,860 Sq Ft Building
- Williams Bill Madeira Harbor Sub 3Rd Add Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 31, 2025
Sold by
Mad Beach 505 Llc
Bought by
Mcneil Michael and Mcneil Carol Barden
Current Estimated Value
Purchase Details
Listed on
Nov 20, 2019
Closed on
Jul 2, 2020
Sold by
Reising Keith L and Reising Joyce C
Bought by
Mad Beach 505 Llc
Seller's Agent
Lambdin Freeman
DICUS HARRISON REALTY
Buyer's Agent
Lambdin Freeman
DICUS HARRISON REALTY
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$750,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 2, 2014
Sold by
Velcheck Antoinette T
Bought by
The Primary Color Trust and Reising Joyce C
Purchase Details
Closed on
Mar 19, 2002
Sold by
Velcheck Antoinette T
Bought by
Velcheck Antoinette T Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 18, 2002
Sold by
Kelly Robert R and Ann S Trust C
Bought by
Kelly Robert R and Kelly Ann S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.98%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcneil Michael | $100 | None Listed On Document | |
| Mcneil Michael | $100 | None Listed On Document | |
| Mad Beach 505 Llc | $1,150,000 | Attorney | |
| The Primary Color Trust | $550,000 | Coastline Title Pinellas Llc | |
| Velcheck Antoinette T Trust | -- | -- | |
| Kelly Robert R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mad Beach 505 Llc | $750,000 | |
| Previous Owner | Kelly Robert R | $825,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2020 07/02/20 | Sold | $1,150,000 | -4.2% | $267 / Sq Ft |
| 05/22/2020 05/22/20 | Pending | -- | -- | -- |
| 02/07/2020 02/07/20 | For Sale | $1,200,000 | 0.0% | $278 / Sq Ft |
| 01/11/2020 01/11/20 | Pending | -- | -- | -- |
| 11/20/2019 11/20/19 | For Sale | $1,200,000 | -- | $278 / Sq Ft |
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 | $17,663 | $975,000 | $654,159 | $320,841 |
| 2024 | $16,293 | $1,250,000 | $798,748 | $451,252 |
| 2023 | $16,293 | $1,120,000 | $850,490 | $269,510 |
| 2022 | $14,807 | $1,000,000 | $665,381 | $334,619 |
| 2021 | $13,368 | $781,000 | $0 | $0 |
| 2020 | $11,774 | $725,679 | $0 | $0 |
| 2019 | $10,356 | $590,034 | $361,156 | $228,878 |
| 2018 | $9,360 | $545,467 | $0 | $0 |
| 2017 | $8,972 | $513,862 | $0 | $0 |
| 2016 | $9,001 | $506,661 | $0 | $0 |
| 2015 | $8,349 | $458,303 | $0 | $0 |
| 2014 | $5,111 | $342,128 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lambdin Freeman
-
Catherine Delorenzo
Seller Co-Listing Agent in 2020
Catherine Delorenzo
REALTY EXPERTS
(727) 686-5212
6 in this area
94 Total Sales
Map
Source: Stellar MLS
MLS Number: U8066323
APN: 15-31-15-97866-002-0080
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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