12924 Gulf Boulevard Unit 502, Madeira Beach, FL 33708
- $749,000
- 1
- BD
- 1
- BA
- 865
- SqFt
- List Price
- $749,000
- Price Change
- ▲ $14,000 1773773185
- Year Built
- 1979
- Beds
- 1
- County
- Pinellas
- Subdivision
- Sandy Shores Condo
Property Description
Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizons—this top-floor beachfront penthouse is where the Florida dream becomes reality. Welcome to 12924 Gulf Blvd #502, perched high above the sugar-sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether you’re searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front. From the moment you step inside, your eyes are drawn to sweeping, unobstructed views of the Gulf. The open-concept living space is filled with natural light and framed by hurricane-impact windows, creating a bright, airy atmosphere that feels both relaxed and refined. The updated kitchen features custom wood cabinetry, quartz countertops, and stainless steel appliances, perfectly positioned for effortless entertaining or quiet evenings after a day at the beach. The one-bedroom, one-bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and décor—truly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort-style amenities including a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storage—all just steps from the sand. This property shines not only as a lifestyle purchase, but as a high-performing investment. Zoned for short-term rentals with no restrictions on owner use, the unit generated $73,000 in rental income in 2024 (despite storm-related booking disruptions) and $71,000 in 2025, making it a standout opportunity in a highly desirable market. Peace of mind comes standard here. The building has completed all required structural integrity inspections and reserve studies, boasts fully funded reserves, and has undergone significant recent improvements including upgraded balconies, resurfaced pool and parking lot, and a backup generator—rare and valuable features for a beachfront condominium. Location elevates everything. Situated directly on the beach and just steps from John’s Pass Village & Boardwalk, you’ll enjoy unmatched walkability to waterfront restaurants, boutique shops, fishing charters, boat rentals, dolphin tours, and live entertainment. St. Pete, Clearwater Beach, and Tampa are all an easy drive away, keeping this condo in constant demand with visitors year-round. This is more than a condo—it’s a proven income-producing beachfront penthouse in one of Florida’s most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself.
Additional Information
- City
- Madeira Beach
- Region
- St Pete/Madeira Bch/N Redington Bch/Shores
- Zip
- 33708
- Neighborhood
- Other
- Subdivision
- Sandy Shores Condo
- Area
- 865
- Water Frontage
- Beach Front, Beach View, Beach Access
- Community Extras
- Pool, No Deed Restriction
- Property Description
- One Story
- Exterior Construction
- Concrete
- Frontage
- Gulf/Ocean
- Pool Type
- Community
- Water Access
- Beach, Gulf/Ocean
- Water View
- Yes
- Water View
- Gulf/Ocean - Full
- Property Style
- Condo
- Water Frontage
- Yes
- Special Sale Provision
- None
- Minimum Lease
- 1-7 Days
- Interior Features
- Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
- Interior Layout
- Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
- Water Frontage
- Gulf/Ocean
- Water Front Description
- Gulf/Ocean
- Community Features
- Pool
- Flood Zone
- AE
- Flood Zone
- Yes
- Water Access
- Yes
- Pet Size
- Small (16-35 Lbs.)
- Financing Available
- Cash, Conventional, FHA, VA Loan
- Condo Fee
- $796
- Heated Square Feet
- 865
- Acres
- 0.92
- Stories
- 1
- Exterior Features
- Balcony, Outdoor Grill, Sliding Doors
- Community Pool
- Yes
- Waterfront
- Yes
- Floor Covering
- Carpet, Ceramic Tile, Luxury Vinyl
- Water Features
- Beach, Gulf/Ocean, Gulf/Ocean
- Floor Number
- 5
- Monthly Condo Fee
- 796
- Pp Sqft
- 865.9
- Levels
- One
- Occupant Type
- Tenant
- Subtype
- Condo
- Roof
- Membrane
- Property Subtype
- Residential
- Pool
- Yes
- DPRYN
- Yes
- Sewer
- Public Sewer
- Water Source
- Public
- Furnished
- Furnished
Listing courtesy of NEXTHOME GULF COAST. 727-282-5151
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on