Gulf Shores 1st Add Homes with Two Story Property Description

Gulf Shores 1st Add Homes with Two Story Property Description

Welcome to Gulf Shores 1st Add, a charming subdivision located in the sunny state of Florida. Known for its beautiful beaches, vibrant culture, and endless outdoor activities, Gulf Shores 1st Add is the perfect place to call home.

This subdivision features a variety of homes with two-story properties, offering spacious living areas and plenty of room for the whole family. Whether you're looking for a cozy beach cottage or a luxurious waterfront estate, Gulf Shores 1st Add has something for everyone.

Imagine waking up to the sound of waves crashing and the smell of salt in the air, just steps away from your front door. Spend your days soaking up the sun on the pristine white sand beaches or exploring the local shops and restaurants that make Gulf Shores 1st Add a truly unique place to live.

With easy access to all that Florida has to offer, including world-class fishing, boating, and golfing, Gulf Shores 1st Add is the perfect blend of relaxation and adventure. Whether you're looking for a vacation home or a permanent residence, Gulf Shores 1st Add is the ideal place to make your dreams of coastal living a reality.

Newest Gulf Shores 1st Add Homes with Two Story Property Description

$1,300,000
Gulf Shores 1st Add SubDv. 33708 Zip Code TB8516347 MLS Active Status
Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida's Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach

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